The Kensington area houses 30,485 households and holds a population of 62,689.

We’ve compiled this information to offer you a comprehensive overview of the current property landscape in Kensington. Our report encompasses recent sales data, property sizes and pricing differentials between various property types, such as flats and houses. This compilation aims to equip you with a thorough understanding of the real estate dynamics in the prestigious borough.

On these pages you will find:

2019 – 2023

Between 2019 and 2023, Kensington witnessed a total of 2,566 property transactions. Diving into the specifics reveals a diverse landscape of residential offerings. Among these sales, 398 properties boasted 1-2 bedrooms, catering to individuals or smaller households seeking cosier accommodations. Meanwhile, the largest share belonged to residences with 3-4 bedrooms, comprising 1,344 transactions, indicative of families or those desiring more space. Furthermore, 778 sales were attributed to expansive homes featuring 5 or more bedrooms, likely appealing to affluent buyers seeking luxurious and spacious living arrangements. This data illustrates the dynamic nature of Kensington’s housing market, accommodating a range of preferences and lifestyles.

2019 – 2023

Over the span of five years, the average sold price in Kensington fluctuated. In 2019, the average stood at £2,360,239, indicating a robust start to the period. The following year, 2020, saw a slight increase to £2,385,793, maintaining the momentum, however, in 2021, there was a noticeable dip to £2,140,948, suggesting a temporary downturn. Nevertheless, by 2022, the market rebounded significantly, with the average sold price soaring to £2,592,452, marking a substantial recovery. Yet, this upward trend was not sustained, as evidenced by the average dropping to £2,153,582 in 2023.

Over the course of five years, the real estate market in Kensington displayed notable fluctuations. In 2019, the number of properties sold stood at 402, with an average sold price of £2,360,239. This trend continued into 2020, with a slight increase in properties sold to 412 and a marginal increase in the average sold price to £2,385,793. However, the average price per square foot dipped slightly from £1,554.72 in 2019 to £1,509.25 in 2020.

The year 2021 marked a significant shift, with the number of properties sold rising substantially to 559, yet the average sold price decreased to £2,140,948. This was accompanied by a decrease in the average square footage to 1300.64 and a slight decline in the average price per square foot to £1,504.55.

In contrast, 2022 witnessed a considerable upswing in the market, with 754 properties sold at an average price of £2,592,452. The average square footage also increased to 1461.74, resulting in a rise in the average price per square foot to £1,580.26. This trend continued into 2023, with 439 properties sold at an average price of £2,153,582, and a slight decrease in the average price per square foot to £1,503.59.

The average property sizes of properties sold in Kensington, between 2019 and 2023 provides insightful glimpses into the diverse housing landscape of this esteemed locale. Analysis reveals a varied spectrum of property sizes, with 1-2 bedroom accommodations averaging at approximately 900 square feet, constituting about 24.2% of the market. Meanwhile, 3-4 bedroom residences, averaging around 1600 square feet, represent a significant portion at 36.5%. Larger properties, including 5-6 bedroom homes spanning approximately 2500 square feet and 7+ bedroom estates sprawling at an average of 3500 square feet, account for 30.4% and 8.9% of the market, respectively. These figures illustrate Kensington’s ability to cater to a broad spectrum of housing needs and preferences, reflecting the diverse demographics and lifestyle choices of its residents. The data not only underscores the dynamic nature of Kensington’s real estate market but also contributes to its enduring allure and desirability among discerning homeowners and investors.

Over the past five years, Kensington reveals a notable disparity between leasehold and freehold properties. Accounting for 76% of transactions, leasehold properties emerge as the predominant choice, offering a more accessible entry point into the market. Despite commanding a lower average price compared to their freehold counterparts, leasehold properties remain highly sought-after, particularly among buyers seeking flats or smaller living spaces. With an average price per square foot of £1,437, leasehold properties present an attractive option for those prioritising sophistication and convenience in this borough. Conversely, constituting 24% of transactions, freehold properties exhibit a discernible premium, boasting an average price paid of £4,436,655. While fewer in number, freehold properties entice buyers with the promise of larger living spaces and potentially greater investment returns. Reflecting a higher average price per square foot of £1,846, freehold properties embody exclusivity and luxury within Kensington’s esteemed real estate market.

76%

Leasehold Average Price Paid: £1,681,815

Amount of properties sold: 1,947

Average price per sq/ft: £1,437

24%

Freehold Average Price Paid: £4,436,655

Amount of properties sold: 619

Average price per sq/ft: £1,846

Among the housing categories in Kensington, detached houses command the highest average price as expected, with 16 properties sold at an impressive average of £8,063,437 each. Semi-detached houses follow closely, with 34 transactions recorded at an average price of £7,027,620 per property. Terraced houses constitute the largest segment, with 567 properties reflecting their popularity and desirability within the Kensington market.

In contrast, flats represent a significant portion of the market, with 1,919 transactions recorded. Despite their higher prevalence, flats exhibit a comparatively lower average price of £1,679,098 per property, reflecting their appeal to a broader demographic seeking more affordable and compact living options when visiting the capital. These data points underscore the diverse housing landscape in Kensington, catering to a spectrum of preferences and investor types, from expansive detached houses to more compact yet conveniently located flats.