One of the most expensive cities to live in the world, London is still one of the larger cities with a population of nearly 10 million people spread out over 600 square miles. Because of its size and age, there are several neighborhoods which have become quite expensive to live. What follows are the five most expensive in terms of average home price which will be denoted in US dollars.
For many, Chelsea is the home of the famous Chelsea Football Club. However, it is arguably better noted for being the home of the Beatles, Rolling Stones, and many other famous musical talents. Therefore, it is no surprise that many celebrities either live or frequently visit Chelsea which makes it one of the most attractive residences in all of London.
That popularity is reflected in the average price of a home which ranges around $1.4 million.
If the name sounds familiar, it is probably because of the Kensington Palace Gardens which is a location in the board game called Monopoly. It’s association with wealth is understandable given just how many rich and famous people live in Kensington. Add to that the many private cinemas, a private museum dedicated to Ferraris, and underground swimming pools which dot the neighborhood.
So, it is little wonder that the average home price in Kensington is around $1.4 million. Although it may be surprising to learn that it is not the most expensive place to live in London.
Some of the wealthiest people in the UK call Knightsbridge home and for good reason. Much of the fashion district is located within this area. Plus, the shopping is quite good, if expensive thanks to Harrods, one of the most notable department stores in the UK. However, this neighborhood is probably most recognized for Hyde Park, one of the most expensive properties which includes its own cinema, valet service, and swimming pool.
The average price of a home in Knightsbridge is around $3.6 million, making it the most expensive neighborhood to live in all of London. Nearly everyone who buys here pays cash for a quick sale.
This neighborhood is quite expensive thanks to its proximity to other expensive locations such as Chelsea and Kensington. There are many notable locations in this neighborhood which includes the famous Troubadour Café, the place where Bob Dylan made his first professional performance. Plus, it’s quite close to the popular Chelsea Football Club.
The average price for a home in this area is around $2 million, making it quite expensive. It should be noted that West Brompton will be the replacement for the Earls Court Exhibition Centre.
Called the City of Westminster, it is arguably the most famous neighborhood in all of London if only because it is the residence of the Queen herself. In addition to Buckingham Palace, you can find the Houses of Parliament and 10 Downing Street which is where the Prime Minister lives. You can also find famous streets such as Oxford, Bond, and Regent. It also helps that the City of Westminster is centrally located for easier access to the rest of London.
The average price for a typical home in Westminster is roughly $1.6 million. Making it one of the more expensive places to live in London. Most quick sales are to cash buyers.