Notting Hill |
The Notting Hill house market has been one of the best, if not the best, performing sectors of the UK property market over the last 18 months.
However, there is a distinct difference between what has been happening to mews houses, townhouses, houses with gardens, wider than average houses with gardens and then houses with direct access to communal gardens.
This may sound absurdly convoluted and over the top but you must know the difference in performance, otherwise you are going to be relying on general figures for property prices and that almost guarantees that you will make an expensive mistake.
This is why I constantly bemoan the inaccuracy of the reports on property prices that we are subjected to in the newspapers, social media and on TV. But you will be pleased to hear that I will not bore on about that today!
Notting Hill: Which are the Best Streets and Which are the Most Sought After Properties?
Well, there is a strong argument to say that Kensington Park Gardens (not to be confused with Kensington Palace Gardens) is the most expensive for property buyers because many of the houses on the south side are over 5500 and even 6000 square feet, they are much wider than the typical house and some even have lifts. They also have large gardens that open directly onto Ladbroke Square.
Then there are the beautiful houses on Lansdowne Crescent, Lansdowne Road, Lansdowne Walk and Clarendon Road, which again are wider than the typical London home and many have large gardens that open directly onto the sought after communal gardens.
By the way, if the concept of a “communal garden” doesn’t sound appealing, please note that these are not hippie communes. Only certain houses can access the gardens which are gated, so it is really like having a private, secure park.
So, you might expect that the most expensive house in Notting Hill would back onto one of these gardens but as it happens the area has some incredible detached houses with large gardens, the biggest of which is on Ladbroke Road.
This sold for over £33m in 2018 and would achieve considerably more today. It also achieved the record price of £4357 per square foot which is all the more incredible when you think that the “experts” in the press in 2018 were predicting the collapse of London due to Brexit and the “rise of Corbyn”.
As a rough guide, in the last 18 months prices are up 25% for houses with large gardens or access to communal gardens. So much for conventional wisdom’s predictions of doom that also included a 16% drop in prices due to the pandemic….
Conclusion:
So, if (as a property buyer) you are planning to acquire a property in Notting Hill or any other area of London, please ignore what you read in the press and make sure that you have accurate information not only on what is happening in your preferred areas but also for the type of property you wish to buy in that area.
I know that I repeat this point ad nauseam but if you are a property buyer in prime central London you have a choice:
- Do your proper due diligence, find the best property your money can buy and then acquire it for the lowest price possible
OR
- Fail to do the necessary research, rely on websites and the estate agents who are legally obliged to achieve the highest price possible for the sellers and then hope for the best.
Which do you think will be the more successful approach for a property buyer?
Contact Mercury Homesearch:
If you would like to discover the tested and proven strategies and tactics that I have been using for over 20 years to acquire London’s finest homes and investment opportunities for the clients of Mercury Homesearch, you can request a copy of my book, The Insider’s Guide To Acquiring £1m to £100m Property in London, by clicking here, emailing my assistant, Dee, at dee@mercuryhomesearch.com or calling 02034578855 (+442034578855 from outside the UK).
The book is not mere theory. The 30+ pages on negotiation techniques reveal the methods I have used to save my clients hundreds of thousands to millions of pounds in individual transactions.
In other words, if you are planning to acquire a property for £1m and you discover one technique that helps you save just 1% more than you could have done yourself, then this book is worth £10,000 to you. So, would it be a bad use of your time to request your free copy of The Insider’s Guide To Acquiring £1m to £100m Property in London?
Simply click here, email my assistant, Dee, at dee@mercuryhomesearch.com or call 02034578855 (+442034578855 from outside the UK).
You can follow the simple proven steps outlined in the book or you can overpay and boost the estate agents’ commission. The choice is yours!
