The top 5 most expensive places to live in London

London is well-known for being an expensive place to live, with average property prices of £762,454 over the last year.

While there are areas in London where you can buy property for as little as £350,000, you’ll need to have over £1.5 million to live in the most desirable places.

Rightmove has revealed the most expensive areas to buy property in London, based on data from April 2024.

Where are the most expensive areas to buy in London?

Below are the priciest places to live in London – but you’ll need to have over £1.5 million to buy property in these areas.

Knightsbridge

The most expensive place to buy in London is Knightsbridge with an average asking price of £3.96 million.

It's only around 20 minutes from central London by public transport and features many designer stores.

Knightsbridge is also close to Hyde Park and within walking distance of many family-friendly attractions such as the Natural History Museum.

Kensington

Next on the list is Kensington, which is not far from Knightsbridge, and has an average asking price of £2.23 million.

Similar to other locations on this list, it is near a range of restaurants, famous parks and attractions.

Chelsea

Chelsea, in south-west London, has an average asking price of £1.89 million.

It has plenty of restaurants, shops, attractions and green spaces nearby, including Battersea Park.

Chelsea is only half an hour from central London by public transport.

Hampstead

Hampstead, which is less than half an hour from Central London by public transport, has an average asking price of £1.72 million. 

This area is typically associated with the rich and famous and features many shops, period properties and independent schools.

Highgate

Last on the list is Highgate in North London, which has an average asking price of £1.65 million.

One of the biggest attractions in the area is Hampstead Heath, which comprises over 800 acres of woodland and meadows, and it also has a range of shops and restaurants.

Highgate is around 30 minutes from central London by public transport.

Finding your perfect home

While finding a property you can afford is important, it’s also a good idea to consider what you want from your new home.

For example, do you want a garden or access to nearby parks? Are nearby schools a priority? Will you need more space in the future if you want to start a family?

If you’re considering buying a property and are ready to get on the housing ladder, a mortgage broker can help by looking at your circumstances and scanning the market for the best deals.