Then and now… How things change in 25 years

Posted on Posted in Property Finder in Kensington and Chelsea

Reading some recently released data certainly focuses the mind. Cast your mind back to 1983, a house on Argyll Road in W8 cost £370,000. The same house is currently for sale at £8.5m…A house on Kildare Terrace, W2 was £295,000 in 1992, today the same house is on sale for £4m. How about the popular houses on Courtnell Street? Currently they sell for around £3m but back in 1990 you could have brought a chunk of the entire street for that amount as they were selling for £250,000 a time! As a reference, the cheapest new Ferrari available in the early 90’s cost it’s first owners £75,000 and would now be worth less than half that amount.


Will we look back in the 2030’s and lament the days when you could buy a two bedroom flat (circa 1000 sq. ft.) for between £1.5m and £3m? Will you be able to buy anything in Kensington And Chelsea for under £3m by then?