Richest Neighborhoods in London

By PropertyClub Team
Sep 9th 2023
In addition to its iconic landmarks and cultural attractions, London is also home to an abundance of wealthy neighborhoods. This list of the ten richest neighborhoods in London will help you navigate the most expensive areas within the city.

hash-mark10 Richest Neighborhoods in London

  1. Knightsbridge
  2. Belgravia
  3. Mayfair
  4. Chelsea
  5. Marylebone
  6. Hampstead
  7. Westminster
  8. Kensington
  9. St. John's Wood
  10. Notting Hill

hash-mark1. Knightsbridge

The richest neighborhood in London is Knightsbridge. A lavish neighborhood within two miles of the city center, Knightsbridge is particularly beloved for its prestigious atmosphere. This upscale district is renowned for its grand Victorian and Edwardian architecture, exclusive boutiques, and world-class dining establishments. With iconic attractions like Hyde Park only minutes away, residents here can enjoy a culturally refined environment within a bustling city atmosphere. The average home price in Knightsbridge is £3.3M.  

hash-mark2. Belgravia

Belgravia is the second-richest neighborhood in London and is best for those who prefer an elegant and sophisticated residential experience. Located within two miles of the London city center, this neighborhood is known for its stunning white stucco homes and charming garden squares. The forested nature of the area's streets creates a serene atmosphere where residents can enjoy local boutique shops, fine dining options, and nearby cultural attractions. The neighborhood's refined ambiance and timeless appeal help keep the average home price close to £2.7M. 

hash-mark3. Mayfair

The third-richest neighborhood in London is Mayfair. Located only 1.3 miles from the city center, this neighborhood is known for providing an opulent living experience, complete with elegant Georgian architecture, luxurious boutiques, and fine dining establishments. Additionally, Mayfair's central location allows for easy access to iconic landmarks like Hyde Park and Buckingham Palace, which add to the area's prestige. With an average home price of £2.5M, Mayfair is the third-most expensive place to live in London. 

hash-mark4. Chelsea

Chelsea is also one of the richest neighborhoods in London, and it's great for those with an artistic spirit. Located 3.6 miles from the city center, Chelsea offers a lovely combination of charm and exclusivity. This upscale neighborhood is known for its picturesque Georgian and Victorian townhouses, as well as its artistic and bohemian heritage. Residents enjoy a unique atmosphere with boutique shopping, art galleries, and stylish cafes at their doorstep. With easy access to the Thames River, King's Road, and cultural venues like the Saatchi Gallery, it's no surprise that the average home price in Chelsea is £1.8M.

hash-mark5. Marylebone

Marylebone is another one of London's richest neighborhoods. Situated only 1.5 miles from the city center, this neighborhood is considered a refined urban living experience. Residents here will find an appealing selection of Georgian and Edwardian architecture, along with an array of boutique shops, cozy cafes, and top-notch restaurants. Marylebone's proximity to Regent's Park and cultural institutions like the Wallace Collection are also significant draws. With an average monthly rent of about £1.6M, Marylebone is universally considered London's second-most expensive place to live.

hash-mark6. Hampstead

Hampstead is a rich London neighborhood with plenty to offer. Living in Hampstead is a charming experience, as the neighborhood is known for its historic homes, lush green spaces, and its strong literary and creative heritage. Residents enjoy a serene atmosphere with boutique shops, quaint cafes, and the vast expanses of Hampstead Heath. Hampstead's location on the edge of London provides a quieter retreat while still offering easy access to the city's cultural attractions. The neighborhood's artistic legacy and natural beauty make it an attractive choice for those seeking a peaceful and creatively inspiring urban lifestyle and keep the average home price close to £1.3M.

hash-mark7. Westminster

In addition to being one of London's richest neighborhoods, Westminster is also one of the most historically significant. Situated only one mile from the city center, Westminster offers a vibrant urban setting that is characterized by iconic landmarks, including the Houses of Parliament and Westminster Abbey. The area's mix of rich history and modern amenities create a unique living experience and add to the area's desirability. With so much to offer, it's easy to understand why homes for sale in Westminster average close to £1.3M. 

hash-mark8. Kensington

Another one of the richest neighborhoods in London is Kensington. Located 3.2 miles from the heart of London, this neighborhood is ideal for those who prefer an elegant setting with quick access to urban amenities. Renowned for its magnificent Victorian architecture and tree-lined streets, Kensington attracts a sophisticated resident base. The area's entertaining mix of upscale shops, cafes, museums, parks, and diverse entertainment options also help make it popular. The average home price in Kensington is £1.2M, keeping it an essential part of London's richest neighborhoods.

hash-mark9. St. John's Wood

St. John's Wood is one of the richest and most elegant neighborhoods in London. A tranquil residential experience, this neighborhood features prestigious Victorian and Edwardian architecture. Residents here can enjoy a peaceful ambiance with boutique shops, charming cafes, and the iconic Abbey Road Studios. St. John's Wood's central location provides convenient access to everything London has to offer. The average home price in St. John's Wood is £1.01M.

hash-mark10. Notting Hill

Notting Hill is one of the richest neighborhoods in London for those who prefer to live a little further from the city center. Located about 5.3 miles from central London, this neighborhood is known for its charming pastel-colored houses, bustling Portobello Road Market, and artistic community. Residents here enjoy a lively atmosphere with a mix of vintage shops, trendy cafes, and cultural events. Notting Hill's central location, artsy vibe, and dynamic culture all help to make it one of the most expensive places to live in London, with an average home price of £992k.