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February 16, 2024
Jeremy McGivern
Posted in: London Property, Property Prices

Property in South Kensington

Property in South Kensington |

Over the last week there have been 27 sales over £1m in Prime Central London*

Total sales were £96,008,996

The highest price paid was £9,500,000

The highest price paid per square foot was £2491 for a property in Chelsea

The lowest price paid per square foot was £855 for a property in South Kensington

However, the figure for South Kensington is misleading. This was a block of flats, so the communal areas were included in the official calculations – excluding them the price per square foot was £970. The building is also an irregular shape, so the flats were compromised.

Capital growth is unlikely to be in line with the market due the layout of the flats and lack of a lift. Nevertheless, this was acquired at an attractive price by an investor seeking a good yield (for clarity, we did not acquire this for one of our clients).

About the author, Jeremy McGivern

My name is Jeremy McGivern. I am the founder of Mercury Homesearch, the internationally renowned property search consultancy, and author of The Insider’s Guide To Acquiring Luxury Property in Prime Central London. I have been acquiring property in prime central London for clients for over 13 years.

Having physically viewed over 22,000 properties in prime central London, studied the details of over 153,400 apartments, houses and investment opportunities and spoken to 232+ estate agents every week for over a decade.

My advice is in high demand and has featured everywhere from Bloomberg Television, The Financial Times and The Daily Telegraph to Forbes India and Bahrain Confidential.

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