Living in the South East of England can be an expensive business; our proximity to London means that house prices and rents are still very high and that expensive perimeter around the capital is only increasing with improved high-speed travel. In the area we previously lived, we saw house prices steadily creeping up to the point that, when it came to moving house, we decided that enough was enough and moved to a less expensive area.
Property Rescue has created an infographic, showing the top ten most expensive places to live in the UK and I was COMPLETELY unsurprised to see that 90% of them are in London! Here’s the full list:
According to their research:
“The East of England continually sees the biggest growths in house prices with homes worth 8.4 per cent more than last year, seeing the average price of the likes of Chelsea, Notting Hill, and West Brompton comfortably sit above £1million.
London property averages at almost £500,000 but sitting top of the list is Kensington, where residences are worth an average £1.74million. Such is its regard, the area includes a street which is home to the ambassadors of Kuwait, Saudi Arabia, Russia, and Finland just to name a few.
Located in the west of London, surrounded by other affluent areas including Notting Hill, Knightsbridge, and Chelsea, the area includes a wealth of London’s premiere hotspots including the Natural History Museum, the Royal College of Art, and the Royal Albert Hall and Kensington Palace.
The list is entirely made up of London locations, with neighbourhoods in Kent and Hertfordshire missing out, whilst the quiet commuter town of Virginia Water, Surrey is the only area outside London which makes the list.”
The saddest part about the list is that so many of the areas which have now been gentrified were once areas which were homes to average working people, people who would have absolutely no hope of living there ever again. It reminds me of the episode of Only Fools and Horses where Uncle Albert tries to go back to Tobacco Road where he grew up and finds it full of million-pound Docklands apartments and penthouses.
Do you live in an area which has become unaffordable over the years? Do you think it’s a good thing when older areas are regenerated or are you, like me, sad that working class people are being driven out of their home towns? Leave me a comment below as I’d love to hear what you think about it all.