Jump to content
House Price Crash Forum
Sign in to follow this  
classixuk

Is Kensington/chelsea A Dump?

Recommended Posts

I'm totally confused!

Looking at the latest Rightmove report it shows that prices (nominal; not inflation adjusted) in Kensington/Chelsea have fallen by -8.3% in one year!

I always thought that Kensngton/Chelsea were desirable places to live. I think that many people like myself (folks living outside of London) think along simliar lines. Why have nominal prices fallen so much? Adjusted for inflation it's over 10% drop in just one year!

What's going on there then? :unsure:

Share this post


Link to post
Share on other sites

I'm totally confused!

Looking at the latest Rightmove report it shows that prices (nominal; not inflation adjusted) in Kensington/Chelsea have fallen by -8.3% in one year!

I always thought that Kensngton/Chelsea were desirable places to live. I think that many people like myself (folks living outside of London) think along simliar lines. Why have nominal prices fallen so much? Adjusted for inflation it's over 10% drop in just one year!

What's going on there then? :unsure:

:lol::lol: erm when average prices for a 3 storey terrace there are 1mil then perhaps a fall of 80K is to be understood, make for a good headline though ;)

Share this post


Link to post
Share on other sites

I'm totally confused!

Looking at the latest Rightmove report it shows that prices (nominal; not inflation adjusted) in Kensington/Chelsea have fallen by -8.3% in one year!

I always thought that Kensngton/Chelsea were desirable places to live. I think that many people like myself (folks living outside of London) think along simliar lines. Why have nominal prices fallen so much? Adjusted for inflation it's over 10% drop in just one year!

What's going on there then? :unsure:

Grossly over rated, but not really a dump. ;)

Think areas like this tend to fluctuate quite wildly (much like Westminster, etc) - prices are so high that they are very much detached from the mainstream market.

Share this post


Link to post
Share on other sites

West Kensington used to be a posh area filled with 5 storey stucco houses. They were turned into flats during the 1930s and most now disintegrating from decades of neglect. Hardly anybody in West Kensington is a homeowner. It is a prime BTL territory centering on short term rented flats. As a consequence, the area has a very high turnover of people. The only good thing about West Kensington is that nobody ever looks at you. In Earls Court everybody looks at you thinking what to nick out of your pockets.

Share this post


Link to post
Share on other sites

Richer areas can often have wildly varying prices as a 10% rise in lower price volumes combined with a 10% fall in higher price volumes (or vice versa) could skew the figures massively.

Share this post


Link to post
Share on other sites

Like anwywhere in London these areas are made up on smaller areas.

Somewhere like West Kensington is quite nasty IMO.

But then High Street Ken and that area is millionaires row.

I agree. K&C is an interesting borough. It's totally schizophrenic. High Street Ken, Kings Road, Sloane Square etc a completely different story from the more Western fringes which took a lot of the immigration burden when I was working there.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.