Area Guide For Belgravia

Belgravia is a district in Central London in the City of Westminster and the Royal Borough of Kensington and Chelsea. It is noted for its very expensive residential properties and is one of the wealthiest districts in the world. Belgravia is characterised by grand terraces of white stucco houses, and is focused on Belgrave Square and Eaton Square. It was one of London's most fashionable residential districts from its beginnings. Fashion design houses that have their retail flagship stores and studios within the area The average house price in Belgravia, as of March 2010, is £6.6 million, although many houses in Belgravia are among the most expensive anywhere in the world, costing up to £100 million, £4,671 per square foot.As of 2013, many residential properties in Belgravia were owned by wealthy foreigners who have other luxury residences worldwide in exclusive locations or in their countries of origin.


Belgravia Map

Estimated Price: £3,880,234
Average Asking Price: £5,301,175
Price change in last one year: £456,597
Average Price Paid: £3,320,767
Average Rent Rates: £13,046


Property Prices Breakdown in Belgravia

Average Price for property in Belgravia is around £3,880,234 which varies based on type of property you are interested in and ranges from £5,428,512 for detached house to around £5,669,578 for semi-detached. Similarly terraced house is around £5,568,225 and a flat is worth £3,022,840. Values have been changing and have risen £20,035 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £39,794 in last 6 months, £456,597 in last 1 year, £754,345 in last 2 years, £1,044,567 in last 3 years, £1,176,750 in last 4 years and £1,174,698 in last 5 years.

Currently average asking price of a property in Belgravia is around £5,301,175 based on approximately 98 properties for sale. Same is the case with rental options based on 655 properties up for rent, average asking rent is around £13,046 per month.

Estimated property value in Belgravia is £3,880,234. Average asking price is £5,301,175 while average price paid is £3,737,149 which is up by £456,597 and Avg. asking rent £13,046.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Belgravia area. In last 1 year alone average price buyer paid is around £3,737,149 based on approximately 98 sales in Belgravia area alone. If you compare it to last 3 years sales of 304 properties where buyers paid around £3,966,188. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £3,320,767 for 469 and average amount paid for purchase of approx. 624 properties sold in last 7 years comes to about £3,036,626 per sale.


Properties For Sale in Belgravia


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £1,750,000, £1,950,000 for a 2 bedroom house, £6,063,929 for a 3 bedroom house, £9,137,500 for a 4 bedroom house and £13,595,000 for a 5 bedroom house. For a flat similarly the prices varies from £1,429,634 for a single bedroom to £2,894,274 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £5,620,583, £11,020,000 for a 4 bedroom flat and £29,285,700 for a 5 bedroom flat. To sum up the asking prices for properties in Belgravia it comes to around average £1,434,886 for 1 bedroom property, £2,864,766 for 2 bedroom, £5,704,459 for 3 bedroom, £9,861,538 for 4 bedroom and £20,055,876 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £6,017 for 1 bedroom to £7,150 for 2 bedrooms, £12,275 for 3 bedrooms, £15,114 for 4 bedrooms and £18,246 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £4,519. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £6,809, £15,452 for 3 bedroom, £15,085 for 4 bedroom and around £41,058 for 5 bedroom flat. You should be generally be expecting around average £4,567 rent per month for single bedroom property, £6,846 for 2 bedroom, £14,462 for 3 bedroom, £15,103 for 4 bedroom and approximately £21,098 for a 5 bedroom property in Belgravia area.

Popular Houses in Belgravia

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Belgravia

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