What is the Real Cost of Living in Chelsea?

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What is the true cost of living in Chelsea compared to other London boroughs? Find out how expensive it is to live in one of the capitals most sought after and affluent areas.

In comparison to other areas in London, Kensington and Chelsea property prices are officially the highest. According to government data comparing average property prices in April 2022 to last year, Kensington and Chelsea saw an unbelievable 27% price hike, with the average increasing from £1,513,711 to £1,194,465.  

How Chelsea Property Prices Compare  

London borough

Average Property Price (April 2022)

Kensington and Chelsea

£1,513,711

City of Westminster

£977,554

Camden

£874,081

City of London

£838,145

Hammersmith and Fulham

£721,185

Richmond upon Thames

£792,538

Islington

£712,968

Wandsworth

£641,132

Hackney

£607,030

Haringey

£601,439

Merton

£566,919

Barnet

£596,898

Lambeth

£545,756

Southwark

£527,636

Kingston upon Thames

£528,433

Ealing

£525,438

Brent

£546,934

Harrow

£497,236

Waltham Forest

£478,261

Tower Hamlets

£499,716

Bromley

£495,550

Redbridge

£480,318

Lewisham

£446,546

Hounslow

£428,483

Hillingdon

£459,565

Enfield

£449,967

Greenwich

£434,433

Sutton

£424,726

Croydon

£417,947

Newham

£407,474

Havering

£425,898

Bexley

£392,155

Barking and Dagenham

£336,126

 

Chelsea is one of the most in-demand areas to live in central London and home to some of the most prestigious addresses in Europe, attracting buyers from around the world. It is also one of London's smallest, most densely populated and affluent boroughs. Properties around Sloane Square, Church Street and Paultons Square are among some of the most desirable places to live in the capital. Aside from the superb lifestyle and shopping amenities, the borough is home to iconic districts such as Notting Hill, Earl’s Court and Brompton, and includes tourist attractions like the Natural History Museum, Victoria and Albert Museum, and Kensington Palace.

Why Choose London?

London is one of the most diverse and exciting cities in the world to live in, and properties in and around the capital are consistently in demand by both local and international buyers. Here are five reasons why London is so popular:

  1. Employment prospects: there are countless job opportunities in London.
  2. There’s so much to see and experience: museums, galleries, architecture - there is something for everyone.
  3. There is always something to do: you’ll never get bored - no matter what time of year.
  4. Public transport: underground, overground, major airports - you can get around easily and conveniently.
  5. Multicultural: London is one place you’re guaranteed to experience global culture.

 

Read: 10 Reasons Why London is the Best City in the World to Live In

 

Experience London’s iconic charm and character - browse properties in Chelsea or speak to one of our experienced estate agents today.