Kensington Property Market: House Prices, Sold Data & Development Finance, End of H1 2026

Prime central London with tightly regulated conservation stock and extremely high build and finance costs

The Kensington property market recorded 1,173 residential sales over the past 12 months, with a median sale price of £995,000. This places Kensington £510k above the Greater London county median of £485,000, and £710k above the UK national median of £285,000.

Prices in Kensington have shown a notable decline, with a year-on-year change of -15%. Within Greater London, Kensington ranks 2nd by price out of 51 principal towns, and 47th by transaction volume.

Kensington median prices have moved from £1.05m in Q1 2025 to £915,000 in Q2 2026, a change of -12.9% over 5 quarters.

Kensington shares a HM Land Registry reporting district with neighbouring towns, and the source data does not distinguish Kensington-specific sales from the wider district. The figures above reflect the whole shared district rather than Kensington alone.

Property prices in Kensington vary significantly by type. The table below compares Kensington prices with Greater London county averages and UK national figures.

Semi-detached homes in Kensington command £6.54m, while flat properties are most accessible at £830,000. The £5.7m spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

Kensington recorded 10 new-build transactions in the past 12 months, representing 0.9% of total sales. There is moderate development activity, with room for further growth.

New-build properties in Kensington traded at a discount of 3.5% versus existing stock. Developers should focus on specification, design quality, and location to maximise values above comparable second-hand stock.

Across the wider Greater London market, 412 new-build completions were recorded — see our Greater London property market report for the full county picture.

The following table shows the most recent property transactions recorded in Kensington, providing real-time evidence of achieved prices for buyers, sellers, and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £420,000 to £2.90m illustrates the breadth of the Kensington market.

For developers considering Kensington, the local market data translates directly into finance structuring. With a median value of £995,000 and detached homes at £4.09m, lenders can assess scheme viability with confidence.

A typical development finance facility for a Kensington scheme with a GDV of £4.09m would attract senior debt of approximately £2.66m at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.

While prices have softened 15% year-on-year, experienced developers can still generate strong returns in Kensington by targeting well-located sites with clear demand drivers.

Ready to develop in Kensington? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.

To put Kensington's market in context, the table below compares it with similarly-priced towns across Greater London:

For the full Greater London town-by-town breakdown, see our comprehensive Greater London property market report.