London has always been the most expensive place to live in the United Kingdom, but the metropolitan city is now making its way into the international market. London currently rivals New York City in price per square foot, and that’s a statement with NYC’s average at $1,773 psf. We’ve rounded up the 5 most desirable, and therefore the most expensive neighborhoods in the heart of London. Get your checkbooks ready, homes in these areas do not come cheap!
Kensington is home to only the richest of the rich, think politicians, celebrities and entrepreneurs. The median home price in this desirable neighborhood is $1.7 million pounds, with the average price at 1,193 pounds per square foot. Oh, and if you’re interested, the most expensive home currently on the market is listed for 30 million pounds.
Chelsea is a very artsy neighborhood, especially popular among musicians and artists. The likes of Kylie Minogue, Bernie Ecclestone, the Rolling Stones and the Beatles have called this neighborhood home. The median price of a home is a bit less than Kensington at 1.3 million pounds. Interestingly enough, this acclaimed neighborhood even has a famous rose named after Prince William and Princess Kate.
Knightsbridge is unique in that it not only is an extremely posh neighborhood, but it also boasts great public transit. Funny enough, 1 Hyde Park, the United Kingdom’s most expensive piece of private real estate is right next to the Knightsbridge Underground station, but we bet if you’re wealthy enough to afford that building, you have private car service. Living in Knightsbridge doesn’t come cheap with the median home price in this affluent neighborhood at 1.3 million pounds.
4. Notting Hill
Notting Hill gained popularity after Hugh Grant and Julia Robert’s movie of the same name debuted. Many rich and famous folks live in this area of London, including Paul McCartney’s daughter Stella McCartney and Rupert Murdoch’s daughter Elisabeth Murdoch. The median home price is recorded at 1.1 million pounds and the most expensive property currently on the market is listed for a whopping 13.5 million pounds.
5. West Brompton
West Brompton is #5 on our list, but this neighborhood of London is entirely unique thanks to its location. West Brompton is pricey because it is a borough of both Chelsea and Kensington. The Troubadour Cafe is located in West Brompton, the place where Bob Dylan performed his first gig. You can also find the Chelsea Football Club in walking distance. Now we understand why the median home price in this area is 1 million pounds.
These 5 neighborhoods of London are top tier thanks to their high-end real estate. If you are lucky enough to be able to afford one of these districts, we recommend them as they are the best places to live in the amazing city of London, England.