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Chelsea market report SW3 4, London
The standing SW3 4 (Chelsea) property market report, rebuilt from the full public record every month. Underneath every chart here sit 3,009 registered sales in SW3 4 (London) since 1995, the HM Land Registry record of what buyers really paid, with ONS figures covering rents. Nothing 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: a typical SW3 4 (London) home changed hands for £1,142,500 in 2026 (median of 20 registered sales, down 42% on five years earlier), with the mean at £1,673,500, and by floor area homes here have averaged about £18,840 per square metre over the last five years. Source: 3,009 completed sales on the HM Land Registry record since 1995, updated with each monthly release. No valuations, no asking prices.
A postcode sector like SW3 4 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 4 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.
SW3 4 sold prices: where the market stands
The 2026 median for SW3 4 is £1,142,500, taken from 20 registered sales. The mean, which is what most sites call the "average house price", is £1,673,500, well clear of it: the mark of a market where a small number of costly homes drag the average upwards.
What a square metre costs in SW3 4
Measured by floor area, the last five years of SW3 4 sales average about £18,840 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
The national median for England and Wales is £285,000, which puts SW3 4 301% above the country at large.
SW3 4's median sold price, 1995 to 2026
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £1,142,500 | £1,142,500 | 20 |
| 2025 | £1,695,000 | £1,735,533 | 57 |
| 2024 | £1,625,000 | £1,727,709 | 68 |
| 2023 | £1,775,000 | £1,950,292 | 58 |
| 2022 | £2,925,000 | £3,429,896 | 75 |
| 2021 | £1,962,500 | £2,484,778 | 86 |
| 2020 | £3,175,000 | £4,119,628 | 38 |
| 2019 | £2,150,000 | £2,818,135 | 60 |
| 2018 | £1,944,500 | £2,592,055 | 56 |
| 2017 | £2,150,000 | £2,932,384 | 49 |
| 2016 | £1,825,000 | £2,553,193 | 45 |
| 2015 | £1,467,500 | £2,073,578 | 60 |
| 2014 | £2,365,000 | £3,355,166 | 74 |
| 2013 | £2,000,000 | £2,877,800 | 80 |
| 2012 | £1,807,500 | £2,660,414 | 90 |
| 2011 | £1,040,000 | £1,570,000 | 78 |
| 2010 | £1,500,000 | £2,352,386 | 101 |
| 2009 | £1,011,500 | £1,625,995 | 78 |
| 2008 | £1,350,000 | £2,212,935 | 77 |
| 2007 | £1,085,000 | £1,840,462 | 116 |
| 2006 | £703,500 | £1,221,186 | 145 |
| 2005 | £698,000 | £1,242,159 | 117 |
| 2004 | £710,000 | £1,289,499 | 135 |
| 2003 | £555,000 | £1,022,445 | 125 |
| 2002 | £750,000 | £1,411,119 | 125 |
| 2001 | £550,000 | £1,057,347 | 116 |
| 2000 | £537,500 | £1,054,844 | 152 |
| 1999 | £417,500 | £832,056 | 155 |
| 1998 | £387,500 | £782,196 | 113 |
| 1997 | £320,000 | £656,255 | 164 |
| 1996 | £327,500 | £690,683 | 164 |
| 1995 | £292,500 | £635,850 | 132 |
In cash terms the typical SW3 4 home went from £292,500 in 1995 to £1,142,500 in 2026, roughly 3.9 times the price. Even after inflation that is a real rise of about 80%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2020, and today's median remains roughly 72% under it: a 2020 buyer is still waiting to get that price back in today's money.
Year-on-year change in the SW3 4 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 2012 (+73.8% on the year before); the weakest, 2023 (−39.3%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −32.6% | −34.2% |
| 5 years (since 2021) | −10.3% | −14.4% |
| 10 years (since 2016) | −4.6% | −7.7% |
| 20 years (since 2006) | +2.5% | −0.3% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
The turnover behind the prices
Sales per year, counted
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
Over the last twelve months of data, 20 sales completed in SW3 4. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 129 sales a year before the financial crisis and 56 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
Reading the SW3 4 market
This is a thin market: 20 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.
What homes rent for around SW3 4
The local authority for SW3 4 is Kensington and Chelsea, and its ONS average private rent currently stands 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 £1,142,500 median purchase price, a rent of £3,591 a month (£43,092 a year) works out at a 3.8% 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.
Asked and answered: SW3 4 (Chelsea)
How much did a house sell for in SW3 4 (Chelsea)?
Are property prices falling in SW3 4 (Chelsea)?
Is SW3 4 (Chelsea) a good place to buy a house?
Are SW3 4 prices heading up or down?
That question has no honest answer, only evidence. The evidence: the median is down 42% over five years in cash but down 54% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.
On the market in SW3 today
The live side of the market holds 92 homes at the moment, listed by 13 agents publishing to HomesIndex.
These cover the whole SW3 district, not just SW3 4: live asking prices are collected per district.
Of everything listed here, 26% asks less than the sold record of comparable homes. The comparison behind each listing uses recent recorded sales of similar homes close by.
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
See every SW3 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
Moving up a bedroom in SW: the cost
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%) |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. 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.
Winners and losers across the SW area, five years
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in SW3
Prices can differ sharply between two sectors a few minutes' walk apart. The rest of SW3, each linking to its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| SW3 1 | £1,260,000 | 2 |
| SW3 2 | £1,400,000 | 13 |
| SW3 3 | £820,000 | 17 |
| 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 4? Get a rough value first
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in SW3 4, open the average prices map and zoom from the SW3 4 shading down to the sold homes on your own street. Every recorded SW3 4 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Local estate agents: one agent per district gets the featured spot on this report, free for founding agents. Claim SW3 4.
Take it further
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about SW3 4. Free, with a one click sign in.
The live map plots every individual SW3 4 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.