The Richest Areas in London
Go Back To Previous PageIn addition to its iconic landmarks and cultural attractions, London has many expensive neighborhoods. This guide to the eleven wealthiest neighborhoods in London will help you explore the most affluent areas within the city. Let’s discuss the Richest Areas in London
1. Knightsbridge, the Richest Area in London
Knightsbridge, located within two miles of London’s city center, is the wealthiest area in the city. The neighborhood is highly regarded for its grand Victorian and Edwardian
architecture, exclusive boutiques, and top-notch dining options.
Residents can take advantage of its proximity to iconic attractions such as Hyde Park, enjoying a refined cultural environment within the vibrant city. The average home price in Knightsbridge is £3.3 million.
2. Belgravia, the second Richest Area in London
Belgravia is the second-richest neighborhood in London and is ideal for those seeking an elegant and sophisticated residential experience. Situated within two miles of the city center, it is renowned for its stunning white stucco homes and charming garden squares.
The tree-lined streets create a peaceful atmosphere, allowing residents to enjoy local boutique shops, fine dining options, and nearby cultural attractions. The neighborhood’s refined ambiance and timeless appeal make the average home price close to £2.7 million.
3. Mayfair, the third Richest Area in London
Mayfair is the third-richest neighborhood in London, located only 1.3 miles from the city center. This area is famous for its opulent living experience, featuring elegant Georgian architecture, luxurious boutiques, and fine dining establishments.
Mayfair’s central location provides easy access to iconic landmarks like Hyde Park and Buckingham Palace, adding to its prestige. Many of London’s celebrities own homes in this area, and with an average home price of £2.5 million, Mayfair is the third most expensive place to live in London.
4. Chelsea
Chelsea is one of the wealthiest neighborhoods in London, known for its artistic vibe. It’s 3.6 miles from the city center and offers a charming and exclusive atmosphere. This upscale area features beautiful Georgian and Victorian townhouses and has a rich artistic and bohemian heritage.
Residents can enjoy boutique shopping, art ies, and stylish cafes right at their doorstep. With easy access to the Thames River, King’s Road, and cultural venues like the Saatchi Gallery, it’s unsurprising that the average home price in Chelsea is £1.8 million.
5. West Brompton
West Brompton in London is one of the wealthiest areas, known for its residential charm, prime location, and a mix of historical and contemporary elements. This neighborhood is filled with beautiful Victorian and Edwardian terraced houses popular among families.
West Brompton residents enjoy its gourmet restaurants, local boutiques, and green spaces like Brompton Park. The median home price in West Brompton is £1.68 million.
6. Marylebone
Marylebone is one of London’s wealthiest neighborhoods, only 1.5 miles from the city center. It offers a refined urban living experience with an appealing selection of Georgian and Edwardian architecture, boutique shops, cozy cafes, and top-notch restaurants.
Its proximity to Regent’s Park and cultural institutions like the Wallace Collection are significant draws. With an average monthly rent of about £1.55M, Marylebone is universally considered London’s second-most expensive place to live.
7. Hampstead
Hampstead, a wealthy London neighborhood, has a lot to offer. Living in Hampstead is a charming experience, thanks to its historic homes, literary solids, and strong literary and creative heritage. Residents enjoy a peaceful atmosphere with boutique shops, quaint cafes, and the vast Hampstead Heath.
The neighborhood’s location on the edge of London provides a quiet retreat while offering easy access to the city’s cultural attractions. Hampstead’s artistic legacy and natural beauty make it attractive for those seeking a peaceful and creatively inspiring urban lifestyle, keeping the average home price close to £1.3M.
8. Westminster
Westminster is one of London’s wealthiest neighborhoods and one of the most historically significant. Situated just one mile from the city center, Westminster offers a vibrant urban setting characterized by iconic landmarks such as the Houses of Parliament and Westminster Abbey.
The area’s rich history and modern amenities blend to create a unique living experience, contributing to its desirability. With so much to offer, it’s easy to understand why homes for sale in Westminster average close to £1.3 million.
9. Kensington
Kensington is one of the wealthiest neighborhoods in London, located 3.2 miles from the heart of the city. It is an ideal choice for those who prefer an elegant setting with easy access to urban amenities.
The area is renowned for its magnificent Victorian architecture and tree-lined streets, attracting a sophisticated resident base. Kensington offers a mix of upscale shops, cafes, museums, parks, and diverse entertainment options, making it popular among residents.
The average home price in Kensington is £1.2 million, solidifying its status as one of London’s most affluent neighborhoods.
10. St. John’s Wood
St. John’s Wood is an affluent and stylish neighborhood in London. It offers a peaceful residential atmosphere with grand Victorian and Edwardian architecture. Residents can enjoy boutique shops, delightful cafes, and the iconic Abbey Road Studios.
The neighborhood’s central location provides convenient access to all London offers. The average home price in St. John’s Wood is £1.01M.
11. Notting Hill
Notting Hill is one of the wealthiest neighborhoods in London, ideal for those who prefer to live a bit further from the city center. Located approximately 5.3 miles from central London, this neighborhood is famous for its charming pastel-colored houses, lively Portobello Road Market, and vibrant artistic community.
Residents here enjoy a vibrant atmosphere with a blend of vintage shops, trendy cafes, and cultural events. Notting Hill’s central location, artsy vibe, and dynamic culture make it one of the most expensive places to live in London, with an average home price of £992k.
Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.
