Chelsea House Prices, London
Chelsea is an area, located in the borough Kensington and Chelsea.
Chelsea House Prices
![Chelsea house prices chart Chelsea house prices chart](https://image.howtoestate.com/@howtoestate-website-images/charts/house-prices-area-221.webp)
As of June, 2024, the average house prices in Chelsea are as follows:
- studio – £450,000 (-1.27%)
- 1 bedroom flat – £725,000 (-1.84%)
- 2 bedroom flat – £1,400,000 (-3.35%)
- 3 bedroom flat – £2,750,000 (-2.95%)
- 4 bedroom flat – £4,200,000 (-2.72%)
- 5 bedroom flat – £5,250,000 (-8.91%)
Keep in mind that these are simply the average rates for Chelsea house prices, so you can find quality properties for more or less than these numbers. In addition to this month’s sold house prices in Chelsea, let’s explore how sales are trending this year.
Selling Trends
- As of June, 2024, the average Chelsea house price is £1,650,000, high by 3.45% as of £1,595,000 in May, 2024.
- Currently, there are 3,026 houses for sale and an average of 31 property sales per month. Demand in the real estate market is low, so that price may fall.
Check back next month for updated Chelsea house prices.
Chelsea House Prices Growth
![Chelsea house price growth Chelsea house price growth](https://image.howtoestate.com/@howtoestate-website-images/charts/house-prices-growth-area-221.webp)
The average house price in Chelsea over the last 5 years is as follows:
- 2019-06 – £1,367,810
- 2020-06 – £1,290,443 (-5.66%)
- 2021-06 – £1,336,257 (3.55%)
- 2022-06 – £1,516,332 (13.48%)
- 2023-06 – £1,526,744 (0.69%)
- 2024-06 – £1,359,900 (-10.93%)
Sold house prices in Chelsea have dropped from June, 2023 to June, 2024. Compared to June, 2019, house prices are now unchanged. Therefore, at the moment, you may be able to purchase real estate at a more favourable price than five years ago.
In addition to checking the average Chelsea house prices, it’s also wise to keep an eye on house rent prices in Chelsea. If you aren’t quite ready to buy or want to purchase an investment property, it’s a good idea to stay up-to-date on the latest rent rates!
Check back to HowToEstate soon for updated prices on renting, buying, and selling property in Chelsea.