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Average house prices in Kensington and Chelsea reach £1.5m

19 May 2022
Land registry data (UK HPI)March Av. priceMonthly change12-month
England£297,524+0.3%+9.9%
London£523,666+4.8%-0.9%
City of Westminster£1,030,679-0.5%+8.0%
Kensington and Chelsea£1,451,567+5.3%+20.3%



  • England house prices grew by 9.9% in the year to March 2022, down from 11.0% in February 2022. 
  • Across England, detached houses showed the largest increase out of all property types, growing by 13.8% in the year to March 2022 to £472,000. 
  • The East Midlands experienced the greatest increase in its average property value over the last 12 months with a movement of 12.4%
  • London saw the most significant monthly price fall with a movement of -0.9%
  • The East Midlands experienced the greatest monthly growth with an increase of 1.2%
  • London saw the lowest annual price growth with an increase of 4.8%
  • Wales shows, on average, house prices have risen by 0.4% since February 2022. An annual price rise of 11.7% takes the average property value to £206,395.
  • The lowest annual change was in flats and maisonettes which increased by 4.1% in the year to March 2022 to £245,000.
  • In March 2022, the most expensive area to purchase a property was Kensington and Chelsea, where the average cost was £1.5 million.
  • In contrast, the cheapest area to purchase a property was Burnley, where the average cost was £111,000.
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