Chelsea, London Borough Kensington & Chelsea
Live in history. This section of the city has a long and historical past. It all began in the 8th century with the Synod of Chelsea and went on from there. Its historical record includes members of the Beatles and the Rolling Stones living within its boundaries in the early 1960s.
This is a section of London that is still thriving and still creating history after all these years. It is also a very desired location to live. Its rich tradition and solid housing market make it one of the best real estate investment areas in London.
But it is not just houses and businesses that populate this region. There are plenty of parks and gardens where residents can idle away for a few hours, taking a break from their busy lives.
The area is full of high-end fashion houses and other top-quality brands. All of this combined makes Chelsea the desired place to live and raise a family. However, this is going to be a tough housing market to break into.
Much of the area is owned by Earl Cadogan who does not want to sell any land. Instead, most properties are obtained through lease holdings whose prices are governed by the Leasehold valuation tribunal.
Housing prices are extremely high in this area when you can actually buy a property. The prices range from £1,500,000 to over £4,400,000. The average price was just over £2,200,000 .
Semi-detached housing was costing over £5,000,000 making it a very expensive neighbourhood to live in. While not quite reaching the highs of 2018 for real estate costs, this past year Chelsea saw a 5% increase over the previous year.
This tells you that housing prices are on the rise and may not go down any time soon. This is seen through the historical housing prices as flats in the area in 2005 were selling for £380,000 and in May of 2022, they are selling for just under £900,000.
This rise in housing value is seen in terraced homes, semi-detached properties, and larger flats. The value is on the rise and this makes Chelsea a good investment opportunity.
The location of Chelsea, on the north bank of the Thames and across the river from Battersea park and zoo makes it an ideal location for many families to relocate to. This desired location is one reason why property values are rising as quickly as they are.
A nice studio is selling for £300,000 in one part of Chelsea while another is selling for over £500,000 in another part. If you want bedrooms, expect to pay over £1,000,000.
If you can afford it, Chelsea is the place to be, It is near Kensington, Westminster, Hyde Park, and other great locations in London. Being part of a historical area is always a nice feeling. You can add some status to your life by moving into this top area of London.View Properties in Chelsea