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Chelsea House Prices Chelsea House Prices

The average house price in Chelsea is £1,287,788 using HM Land Registry data.

The average property price increased by £163,061 (7.17%) over the last 5 years and increased by £32,590 (1.35%) over the last 12 months.

Over the last year, there were 265 residential property sales – a decrease of 127 transactions (-47.92%) relative to the previous year. The majority of house sales (114) were in the £510,000 - £1,368,000 range. Then came properties in the £1,368,000 - £2,226,000 range, where 54 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 127 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-131,106 (-4%).

In April 2024, there were 128 new estate agency instructions, 34 agreed home sales and 68 property price reductions.

Neighbouring Areas: Knightsbridge, Sloane Square, Earl's Court, West Brompton, Parsons Green, Fulham, Pimlico

Postcodes Covered: SW10, SW1W, SW3

5-Year Average Property Prices in Chelsea

7.17%

Property prices in Chelsea increased by 7.17% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Chelsea Over the Last Year

1.35%

Property prices in Chelsea increased by 1.35% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Chelsea - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Chelsea

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Chelsea

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Chelsea

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Chelsea since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Chelsea area since 1995.

Recent Property Sales in Chelsea

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 60, Beaufort Mansions, Beaufort Street, London, Greater London, SW3 5AF£1,595,000£1,485,000-£110,00012 Jun 202329 Feb 2024262 Days
65 Radnor Walk, London, Greater London, SW3 4BT£845,000£800,000-£45,00010 Nov 202302 Feb 202484 Days
84 Old Church Street, London, Greater London, SW3 6EP£9,500,000£896,000-£8,604,00018 Oct 202324 Jan 202498 Days
Flat 22, Whitelands House, Cheltenham Terrace, London, Greater London, SW3 4QX£1,200,000£1,075,000-£125,00022 Sep 202312 Jan 2024112 Days
Flat 27, Elm Park Mansions, Park Walk, London, Greater London, SW10 0AW£925,000£905,000-£20,00011 Sep 202311 Jan 2024122 Days
Flat 132, Elm Park Mansions, Park Walk, London, Greater London, SW10 0AR£895,000£800,000-£95,00014 Oct 202205 Jan 2024448 Days
Flat 4, Swan Court, Chelsea Manor Street, London, Greater London, SW3 5RT£980,000£850,000-£130,00005 Sep 202215 Dec 2023466 Days
Flat 16, Cornwall Mansions, Cremorne Road, London, Greater London, SW10 0PE£700,000£700,000£0023 Sep 202308 Dec 202376 Days
10 Charles Ii Place, London, Greater London, SW3 4NG£2,395,000£2,225,000-£170,00025 Jul 202327 Nov 2023125 Days
Flat 5, Cornwall Mansions, Cremorne Road, London, Greater London, SW10 0PE£1,000,000£885,000-£115,00016 Mar 202317 Nov 2023246 Days
41 Bramerton Street, London, Greater London, SW3 5JS£3,250,000£2,975,000-£275,00018 Apr 202310 Nov 2023206 Days
91 Cheyne Walk, London, Greater London, SW10 0DQ£11,000,000£9,945,000-£1,055,00009 Mar 201830 Oct 20232061 Days
Flat 125, Elm Park Mansions, Park Walk, London, Greater London, SW10 0AR£699,500£670,000-£29,50009 Aug 202330 Oct 202382 Days
11 Bywater Street, London, Greater London, SW3 4XD£2,500,000£2,250,000-£250,00028 Jul 202327 Oct 202391 Days
44 Smith Terrace, London, Greater London, SW3 4DH£8,500,000£7,850,000-£650,00005 Jul 202325 Oct 2023112 Days
43 Bury Walk, London, Greater London, SW3 6QD£2,300,000£2,075,000-£225,00021 Jun 202311 Oct 2023112 Days
6 Limerston Street, London, Greater London, SW10 0HH£2,395,000£2,310,000-£85,00029 Jun 202306 Oct 202399 Days
Flat 9, Hudson House, Hortensia Road, London, Greater London, SW10 0QR£1,000,000£950,000-£50,00030 Jun 202303 Oct 202395 Days
26 Paultons Square, London, Greater London, SW3 5AP£4,950,000£4,950,000£0002 Jun 202329 Sep 2023119 Days
Flat 126, Beaufort Mansions, Beaufort Street, London, Greater London, SW3 5AE£1,700,000£1,625,000-£75,00026 Apr 202328 Sep 2023155 Days

Most Expensive Streets in Chelsea

PostcodeStreetAreaAverageNo. of Sales
SW3 6LZManresa RoadLondon£19,423,3333
SW3 6LQChelsea SquareLondon£18,800,0003
SW3 6EYCarlyle SquareLondon£13,925,0004
SW3 6DZMulberry WalkLondon£12,450,0004
SW3 6ABChelsea Park GardensLondon£11,188,1665
SW3 6LFChelsea SquareLondon£10,481,2504
SW3 6EXCarlyle SquareLondon£8,080,0004
SW3 6AGThe ValeLondon£8,075,0005
SW3 6DUMallord StreetLondon£7,066,6663
SW3 4QGSt Leonards TerraceLondon£6,975,0004

Least Expensive Streets in Chelsea

PostcodeStreetAreaAverageNo. of Sales
SW3 3TSDaver CourtChelsea Manor Street, London£322,6663
SW10 0DWApollo HouseCremorne Estate£394,6254
SW1W 8DFGatliff RoadLondon£418,6647
SW1W 8DEGatliff RoadLondon£420,0006
SW3 3JFSloane Avenue MansionsSloane Avenue£424,6663
SW3 3JGSloane Avenue MansionsSloane Avenue£435,0003
SW3 5ABMulberry CloseLondon£445,0003
SW10 0TUKings RoadLondon£515,0004
SW3 3JLSloane Avenue MansionsSloane Avenue£516,0005
SW10 0EAGreaves TowerWorlds End Estate£516,2504

Explore Chelsea and Neighbouring Area House Prices

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