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Chelsea market report SW3 5, London
The SW3 5 (Chelsea) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 3,692 HM Land Registry entries for SW3 5 (London), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: the 2026 median for SW3 5 (London) is £890,000, from 21 registered sales, down 11% on five years earlier; the mean is £1,370,900, and by floor area homes here have averaged about £15,740 per square metre over the last five years. Behind the figures sit 3,692 HM Land Registry entries going back to 1995, refreshed monthly, every one a completed sale rather than a valuation or an asking price.
SW3 5 is one sector of SW3 (London): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where SW3 5 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.
What a home in SW3 5 sells for
21 sales were registered in SW3 5 in 2026, and the middle one of them, the median, went for £890,000. The mean works out at £1,370,900, well clear of it: the mark of a market where a small number of costly homes drag the average upwards.
Price per square metre in SW3 5
The last five years of sales put SW3 5 at roughly £15,740 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
England and Wales as a whole trade at a £285,000 median, leaving SW3 5 212% above the national figure.
A typical SW3 5 home, priced year by year (1995 to 2026)
The median as recorded at the time, and each year restated in today's money (ONS CPIH), the sharper test of whether homes really got dearer. Hover for the year-by-year figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £890,000 | £890,000 | 21 |
| 2025 | £1,175,000 | £1,203,098 | 74 |
| 2024 | £1,400,000 | £1,488,488 | 91 |
| 2023 | £1,496,000 | £1,643,739 | 82 |
| 2022 | £1,438,000 | £1,686,219 | 89 |
| 2021 | £1,000,000 | £1,266,129 | 73 |
| 2020 | £1,200,000 | £1,557,025 | 51 |
| 2019 | £1,090,000 | £1,428,729 | 51 |
| 2018 | £1,300,000 | £1,732,925 | 57 |
| 2017 | £1,287,500 | £1,756,021 | 62 |
| 2016 | £1,380,000 | £1,930,634 | 62 |
| 2015 | £1,395,000 | £1,971,135 | 95 |
| 2014 | £1,290,000 | £1,830,090 | 111 |
| 2013 | £825,000 | £1,187,093 | 100 |
| 2012 | £940,000 | £1,383,563 | 97 |
| 2011 | £849,000 | £1,281,663 | 102 |
| 2010 | £752,500 | £1,180,114 | 100 |
| 2009 | £650,100 | £1,045,041 | 86 |
| 2008 | £920,000 | £1,508,074 | 59 |
| 2007 | £667,000 | £1,131,418 | 151 |
| 2006 | £537,500 | £933,031 | 192 |
| 2005 | £450,000 | £800,819 | 149 |
| 2004 | £475,000 | £862,693 | 151 |
| 2003 | £390,000 | £718,475 | 123 |
| 2002 | £400,000 | £752,597 | 194 |
| 2001 | £355,000 | £682,469 | 159 |
| 2000 | £315,000 | £618,188 | 172 |
| 1999 | £250,000 | £498,237 | 208 |
| 1998 | £274,000 | £553,089 | 194 |
| 1997 | £238,800 | £489,731 | 194 |
| 1996 | £197,000 | £415,464 | 191 |
| 1995 | £161,000 | £349,989 | 151 |
In cash terms the typical SW3 5 home went from £161,000 in 1995 to £890,000 in 2026, roughly 6 times the price. Adjusted for inflation it still comes to a real rise of roughly 154%, so homes here got dearer in substance, not only in cash. In inflation-adjusted terms the high-water mark was 2015. The market now sits about 55% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the SW3 5 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 2014 (+56.4% on the year before); the weakest, 2009 (−29.3%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −24.3% | −26.0% |
| 5 years (since 2021) | −2.3% | −6.8% |
| 10 years (since 2016) | −4.3% | −7.5% |
| 20 years (since 2006) | +2.6% | −0.2% |
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.
Transaction volumes
How many homes change hands
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, 21 sales completed in SW3 5. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 161 sales a year before the financial crisis and 71 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
The rental side of SW3 5
The local authority for SW3 5 is Kensington and Chelsea, and its ONS average private rent currently stands at £3,591 a month (May 2026 figures). A one-bed averages £2,567 a month here and a four-or-more-bed £5,497, so size does most of the work in setting the rent.
Average monthly rent by size, Kensington and Chelsea
ONS Price Index of Private Rents, May 2026.
£3,591 a month is £43,092 a year, which against the £890,000 median sold price makes a gross yield of 4.8%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
The shape of the SW3 5 market
Only 21 sales completed here in the last twelve months of data, which makes SW3 5 a thin market. Each figure rests on few transactions, so single streets can swing the median and the charts deserve a sceptical squint. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching. Against the SW3 district median, SW3 5 sits 19% lower, marking it as a cheaper pocket of the district.
Asked and answered: SW3 5 (Chelsea)
Are property prices falling in SW3 5 (Chelsea)?
Is SW3 5 (Chelsea) a good place to buy a house?
How much did a house sell for in SW3 5 (Chelsea)?
Searches that land here, answered
Searches like apartment valuation chelsea
reach this page too. It offers no valuations, and that is deliberate: what it has is the record valuers themselves anchor on. Take the £890,000 2026 median above, then zoom the average prices map down to the sold homes on the street in question.
Search phrases quoted verbatim from Google Search Console for this site (last 16 months); each is answered from the page's own Land Registry figures.
Will SW3 5 prices rise from here?
Prediction is not this page's business. Its business is the record, which says: the median is down 11% over five years in cash but down 30% after inflation. Read the volume chart with the price chart before acting on either, remembering that registrations trail the deals themselves by weeks.
What you could buy in SW3 now
This is what you could actually buy today: 92 homes currently on the market from 13 agents publishing to HomesIndex.
These cover the whole SW3 district, not just SW3 5: live asking prices are collected per district.
26% of what is on the market here is asking below what comparable homes actually sold for. Every listing is measured against recent recorded sales of similar nearby homes.
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 →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
Bedroom by bedroom: SW prices by size
What homes of each size actually sold for across the SW area, 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%) |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land 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.
Five-year change in the median, SW area districts
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 2 | £1,400,000 | 13 |
| SW3 3 | £820,000 | 17 |
| SW3 4 | £1,142,500 | 20 |
| 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.
Selling in SW3 5? Start from the sold record
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at SW3 5'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 5: the featured spot on this report is free for founding agents, one per district. Claim SW3 5.
Take it further
The AI answers from the same Land Registry data this report is built on, already scoped to SW3 5. Free after a one click sign in.
Two maps carry on from here: every SW3 5 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
About the numbers: everything is computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to the address; today's-money figures use the ONS CPIH index, and rents are the ONS Price Index of Private Rents by local authority. These are medians of recorded sales, not valuations, and none of it is financial advice.