Kensington & Chelsea Inner London
Snapshot: n 278 units sold in 2012; up 827% from 2011 (30 units) n Four of the 13 schemes in the construction pipeline saw units sold or allocated during 2012 n Average capital value was the second highest among the Inner boroughs, as was the average £/sq ft
Table 4: Kensington & Chelsea sales & pricing headline figures 2012 Developments of 10 units or more
Sales rates Construction pipeline total
schemes units
Percentage of pipeline: sold
- completion
- under construction un-sold*
un-launched** 13 663 Headline numb ers for active units:
43% 63% 38% 57% 43%
*all units that were not sold **% of pipeline total
sold prior 2012 un-sold
un-launched allocated to rental, RSL, bulk investment purchase
sold in 2012 278 10 53 88 40
Private schemes/phases active in pipeline schemes
4 units 469 Key averages: latest capital value (1,2,3 beds)
Individual investors: acquired for investment
number of sales investor % taken from:
Table 5: Kensington & Chelsea key averages 2011-2012 Developments of 10 units or more – calculations based on sample units with both latest price and size only (1, 2 & 3 beds combined)
Kensington & Chelsea Inner London Prime London All London
2012 1,603 838
1,696 628
Average price (£/sq ft) 2011 1,481 763
1,519 594
% change 8.2% 9.8%
11.6% 5.7%
2012 1,450 687
1,823 500
Average price (£'000) 2011 1,428 615
1,536 451
% change 1.5%
11.7% 18.6% 10.8%
Table 6: Kensington & Chelsea initial pricing 2000-2012 (£ per sq ft) Developments of 10 units or more – calculations based on sample units with both initial price and size only
Date 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Min
£441 £399 £475 £427 £569 £654 £704 £961
£439
£1,182 £861 £858
1 bed (£/sq ft) Ave
£546 £609 £663 £658 £755 £793 £845
£1,035 £476
£1,182 £928
£1,330 Max
£656 £876 £905 £897 £915 £975
£1,181 £1,108
£719
£1,182 £1,747 £2,890
Min
£290 £285 £403 £426 £520 £569 £647 £676
£1,199 £442
£2,002 £935 £825
2 bed (£/sq ft) Ave
£492 £632 £653 £617 £727 £769 £841 £944
£1,660 £600
£2,185 £935
£1,348 Max £923
£1,093 £922 £993 £948
£1,467 £1,492 £1,389 £2,567 £887
£2,404 £2,749 £3,033
Min
£420 £448 £569 £488 £491 £636 £705
£1,941
£2,049 £1,654 £854
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3 bed (£/sq ft) Ave
£580 £669 £720 £777 £784 £736 £987
£2,008 £2,049 £1,512
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Max
£977 £995
£1,290 £1,085 £1,600 £858
£1,658 £2,075
£2,049 £1,799 £3,226
O 48
2012 905 820
1,075 796
Average size (sq ft) 2011 964 806
1,012 759
% change -6.1% 1.7% 6.2% 4.8%
0.7% sq ft size -6.1%
47% 288
Pricing Initial average £/sq ft 1 beds 43.3%
2 beds 44.1% 3 beds
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