Property profile: 160 properties; 15 per cent are houses
Market history: 31 sales recorded since 2004; 90 per cent of sales were flats
Notting Hill has become one of the world’s most exclusive neighbourhoods. Many of its prestigious streets could easily claim the title of W11’s grandest address, with neat rows of elegant Victorian townhouses and white stucco mansions.
However, it is Kensington Park Gardens, nestled between Ladbroke Grove and the area’s famous Portobello Road, that quietly holds the trump card: one of London’s largest private communal gardens.Ladbroke Square Garden is home to seven acres of coveted green space with tennis courts, a children’s play area, winding paths and spacious lawns, a piece of country -in-the-city in this west London enclave.
£8.5 million: this Grade II-listed seven-bedroom house is currently divided into four flats and has access to Ladbroke Square Garden
“There are very big houses on the south side of the street, with their own gardens backing directly onto Ladbroke Square. The houses are of grand proportions with long elegant balconies. On the north side there are smaller north facing homes and gardens,” says local estate agent Winni Medd, of John D Wood & Co.
In London, any street with direct access to a private, communal garden will always command a premium. Anthony Payne of property data company Lonres says average sq ft prices in Kensington Park Gardens have increased by 228 per cent during the last decade, outperforming the W11 postcode as a whole, where values have risen by 126 per cent. “So far this year, homes in Kensington Park Gardens have averaged £2,282 a sq ft.”
There are four properties currently for sale on Kensington Park Gardens. The three flats on the market range from £1.25 million to £1.75 million, with a large house currently arranged as four flats being sold as a development opportunity for £8.5 million.
Sources: Lonres, VOA, Zoopla
This analysis was carried out by the property data company Lonres who work in association with the property analytics business, Dataloft.
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