Local market reports › SW area › SW3 › SW3 2
Chelsea market report SW3 2, London
The standing SW3 2 (Chelsea) property market report, rebuilt from the full public record every month. Every figure on this page comes from the public record: 2,918 sales registered with HM Land Registry in SW3 2 (London) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.
Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the 2026 median for SW3 2 (London) is £1,400,000, from 13 registered sales, down 19% on five years earlier; the mean is £2,103,700, and by floor area homes here have averaged about £20,960 per square metre over the last five years. Behind the figures sit 2,918 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
A postcode sector like SW3 2 is a single group of streets within SW3 (London), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where SW3 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
The going rate for a home in SW3 2
Take the 13 registered 2026 sales in SW3 2 and the middle price, the median, is £1,400,000. The mean lands at £2,103,700, a long way above it, which tells you a few very expensive sales are pulling the average up.
SW3 2 prices by floor area
Averaged across five years of sales, floor space in SW3 2 costs about £20,960 per square metre. Each sale's Energy Performance Certificate supplies the floor area, and pricing by the metre is what lets flats and houses share one scale.
Against a national (England and Wales) median of £285,000, SW3 2 runs 391% above it.
The price of a typical SW3 2 home, 1995 to 2026
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £1,400,000 | £1,400,000 | 13 |
| 2025 | £2,242,500 | £2,296,125 | 48 |
| 2024 | £1,875,000 | £1,993,510 | 49 |
| 2023 | £2,267,500 | £2,491,429 | 62 |
| 2022 | £2,520,000 | £2,954,988 | 62 |
| 2021 | £1,725,000 | £2,184,073 | 62 |
| 2020 | £2,655,000 | £3,444,917 | 36 |
| 2019 | £1,875,000 | £2,457,676 | 48 |
| 2018 | £2,396,400 | £3,194,446 | 52 |
| 2017 | £2,180,000 | £2,973,301 | 67 |
| 2016 | £2,000,000 | £2,798,020 | 64 |
| 2015 | £1,888,300 | £2,668,168 | 74 |
| 2014 | £1,900,000 | £2,695,482 | 79 |
| 2013 | £2,137,500 | £3,075,649 | 98 |
| 2012 | £1,500,000 | £2,207,813 | 69 |
| 2011 | £1,400,000 | £2,113,462 | 95 |
| 2010 | £1,100,000 | £1,725,083 | 81 |
| 2009 | £945,200 | £1,519,417 | 80 |
| 2008 | £787,500 | £1,290,879 | 58 |
| 2007 | £735,900 | £1,248,291 | 109 |
| 2006 | £750,000 | £1,301,904 | 149 |
| 2005 | £572,500 | £1,018,819 | 102 |
| 2004 | £535,000 | £971,665 | 122 |
| 2003 | £535,000 | £985,600 | 101 |
| 2002 | £540,000 | £1,016,005 | 135 |
| 2001 | £467,500 | £898,745 | 121 |
| 2000 | £530,000 | £1,040,125 | 137 |
| 1999 | £451,000 | £898,819 | 160 |
| 1998 | £377,500 | £762,011 | 136 |
| 1997 | £370,000 | £758,795 | 179 |
| 1996 | £335,000 | £706,500 | 143 |
| 1995 | £260,000 | £565,200 | 127 |
In cash terms the typical SW3 2 home went from £260,000 in 1995 to £1,400,000 in 2026, roughly 5 times the price. Even after inflation that is a real rise of about 148%: homes here genuinely became dearer, not merely more expensive on paper. In inflation-adjusted terms the high-water mark was 2020. The market now sits about 59% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the SW3 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2022 (+46.1% on the year before); the weakest, 2026 (−37.6%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Growth per year, over one to twenty years
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −37.6% | −39.0% |
| 5 years (since 2021) | −4.1% | −8.5% |
| 10 years (since 2016) | −3.5% | −6.7% |
| 20 years (since 2006) | +3.2% | +0.4% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
The turnover behind the prices
How many homes change hands
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
Over the last twelve months of data, 13 sales completed in SW3 2. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 122 sales a year before the financial crisis and 47 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
Reading the SW3 2 market
This is a thin market: 13 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing. Within SW3, this sector trades 27% above the district median: one of the dearer corners of its district.
What tenants pay around SW3 2
SW3 2 falls under Kensington and Chelsea, where the ONS puts the average private rent at £3,591 a month (May 2026 figures). Size sets most of the rent: one-beds average £2,567 a month here against £5,497 for four or more bedrooms.
Average monthly rent by size, Kensington and Chelsea
ONS Price Index of Private Rents, May 2026.
Against the £1,400,000 median purchase price, a rent of £3,591 a month (£43,092 a year) works out at a 3.1% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
What people ask about SW3 2 (Chelsea)
How much did a house sell for in SW3 2 (Chelsea)?
Are property prices falling in SW3 2 (Chelsea)?
Is SW3 2 (Chelsea) a good place to buy a house?
Will SW3 2 prices rise from here?
No honest page predicts prices, so this one sticks to the record: the median is down 19% over five years in cash but down 36% after inflation. Anyone weighing a purchase should read the volume chart with the price chart, remembering that these are completed sales, registered weeks after the deals were actually struck.
What is for sale in SW3 right now
Turning to what is actually available: 92 homes on the market right now, from 13 agents publishing to HomesIndex.
These cover the whole SW3 district, not just SW3 2: live asking prices are collected per district.
Of everything listed here, 26% asks less than the sold record of comparable homes. Every listing is measured against recent recorded sales of similar nearby homes.
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every SW3 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
What another bedroom costs in SW
Real sold prices by size across the SW area, straight from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | — | £1,050,000 | £1,797,500 (+71%) | £2,600,000 (+45%) |
| Semi-detached | £478,500 | £645,000 (+35%) | £850,000 (+32%) | £1,200,000 (+41%) | £1,800,000 (+50%) |
| Terraced | £535,000 | £685,000 (+28%) | £850,000 (+24%) | £1,210,000 (+42%) | £1,680,000 (+39%) |
| Flat | £428,000 | £590,000 (+38%) | £900,000 (+53%) | £1,850,000 (+106%) | £3,700,000 (+100%) |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Where too few homes exist to say anything meaningful, the cell is blank.
The risers and the fallers
The spread across the SW area is the point: the same five years treated these districts very differently.
SW area districts: five years of change
The biggest risers and fallers in cash terms; every row links to that district's report.
Other sectors in SW3
A few minutes' walk can separate two very different markets. Here are SW3's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| SW3 1 | £1,260,000 | 2 |
| SW3 3 | £820,000 | 17 |
| SW3 4 | £1,142,500 | 20 |
| SW3 5 | £890,000 | 21 |
| SW3 6 | £1,470,000 | 7 |
Zoom out to the full SW3 district report for the type split, monthly volumes and how SW3 compares with its neighbours.
Thinking of selling in SW3 2? Get a rough value first
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at SW3 2's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
Estate agents working SW3 2: the featured spot on this report is free for founding agents, one per district. Claim SW3 2.
Take it further
The AI answers from the same Land Registry data this report is built on, already scoped to SW3 2. Free after a one click sign in.
See every individual SW3 2 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.