Property Data OutlookW8
13,895 recorded transactions · Part of Kensington and Chelsea
Compare with another area →Market outlook for W8
Key indicators for buyers
The W8 market is moderately favourable for buyers. Prices have softened (-11.7%), which could present a buying opportunity. Affordability has improved from a peak of 44.0x in 2018 to 25.2x today.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Kensington and Chelsea area
A home in Kensington and Chelsea costs 25.2x the local median salary — very stretched, improving from a peak of 44.0x in 2018.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Kensington and Chelsea area
Average monthly rent in Kensington and Chelsea is £3,628, down 0.4% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Kensington and Chelsea price of £1,988,200 with a 25% deposit (£497k), a 2-year fixed mortgage at 3.97% costs around £7,846 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses W8 avg. price with Kensington and Chelsea rental data
Monthly mortgage payments (£7,846) are £4,218 more than renting (£3,628). However, buying requires an upfront deposit of £497k — it would take around 85 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
FLAT 27, MELBURY COURT, KENSINGTON HIGH STREET W8 6NH | Flat/Maisonette | £2,275,000 | 15 Jan 2026 |
14, CANNING PLACE MEWS W8 5AJ | Other | £2,910,000 | 14 Jan 2026 |
FLAT 3, 38, HORNTON STREET W8 4NT | Flat/Maisonette | £1,005,999 | 14 Jan 2026 |
131E, KENSINGTON CHURCH STREET W8 7LP | Terraced | £900,000 | 6 Jan 2026 |
FLAT 4, 5, STRATHMORE GARDENS W8 4RZ | Flat/Maisonette | £2,850,000 | 5 Jan 2026 |
FLAT G4, AIRLIE HOUSE, 17, AIRLIE GARDENS W8 7AN | Flat/Maisonette | £1,400,000 | 23 Dec 2025 |
FLAT 8, 19, PALACE GATE W8 5LS |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.