SW7 Chelsea and South Kensington

Framed by the Embankment and the River Thames, the charming, leafy streets of Chelsea include some of London’s most sought after and sophisticated residential property for sale.  While its many mews streets and cul-de sacs may be blissfully peaceful, the neighborhood’s heart is the Kings Road. Originally built as a private road for King Charles II in 1694, the iconic street stretches 2 miles from bustling Sloane Square down to World’s End and onto the neighborhoods of Fulham and Parsons Green.

Chelsea first hit its heyday in the Swinging Sixties, when the Kings Road become a symbol and favored hang-out for ‘mod culture’.  It is here that Led Zepplin had his record shop and swinging vixens would strut their stuff in thigh high boots as they browsed the trendy boutiques. The area has retained its reputation as one of London’s most stylish shopping streets, enlivened with chic bistros, boutiques and art institutions that now cater to the Old-Money aristocrats and international jet-set who choose the neighborhood as their home.

Head east along Stanley Street and you’ll come to Chelsea’s equally chic little sister, South Kensington.  Defined by its café culture, it is more of a glamorous melting pot for European expats than the British landed gentry.  While both neighborhoods retain an intimate village feel, South Kensington is also home to the world famous Natural History and Victoria & Albert museums, and a short stroll to the Royal Albert Hall and Hyde Park.

The experts say

House prices are expected to rise on average 3% over the next year, a revised expectation down from 5% as London house prices - which have been doubling every decade - start to level out. Property in Chelsea and South Kensington will continue to be regarded as aspirational living for HNWI individuals.

The property market in SW7 Chelsea and South Kensington

Due to excellent local schools and an exceptional quality of living, property for sale in Chelsea and South Kensington is regarded as amongst the world’s most desirable places to live.  As a result, there is a high demand for good quality properties, creating a buoyant, lively property market for both investors and property rental in Chelsea.  Property prices in Chelsea have risen 15.19% over the past 3 years.  In comparison, property prices in South Kensington have risen 27% in the last year. Although there are signs that the market is leveling out, limited supply and a lack of new build properties in the area ensures re-sale properties are snapped up quickly. When stock is available for sale, it tends to be spectacular stand-alone houses or intimate, unique developments, combining flats and houses defined by charm and character, and often with access to shared private gardens. The average price of property in Chelsea is £1,814,583, 221% above the capital’s average. The price for a one bedroom studio starts from £484, 869 and can reach £4,750,000 for a 6 bedroom house in Chelsea. Surprisingly, the average price for property in South Kensington is actually higher, estimated at £2,427,442, with prices ranging from £666,727 for a studio up to £4,037,778 for a 4 bedroom house. For properties for rent in Chelsea and South Kensington, the average rental price ranges between £810 and £837 per week. Rental demand for property in South Kensington and Chelsea is strong.

Three insiders tips for SW7 Chelsea and South Kensington

GET - pick up a Boris bike and get lost around the neighborhod's lovely leafy streets.
DO - stop for a champagne aperitif and to soak up the neighborhood vibe outside iconic French bistro Colbert.
SEE - the latest exhibition at the Saatchi Gallery.

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