Chelsea Green is a mere fragment of the much larger old Chelsea Common and was created as a public garden in 1836. Despite its small size, the area has recently been rejuvenated, making it a mighty and thriving area.
Over the years a mounting eco system of independent shops has grown up around the green, with a range and quality of exceptional goods, which not only feeds into a desire to shop locally, but creates a community.
From established favourites such as Rex Goldsmith “The Chelsea Fishmonger”, Andreas an award winning grocer, Jago’s Butchers and Haynes Hanson & Clarke the wine merchants. They have been joined by Paxton & Whitfield Cheese Mongers, and most recently Birley’s Bakery which opened at the end of last year.
In autumn 2022, consultation between Kensington and Chelsea London Borough Council, local residents and businesses saw the area undertake significant improvement works to open up the space, improve its visual amenities, and ensure its charming Cherry trees were retained.
The majority of homes in the area are flats and terraced houses. Flats tend to be cheaper, with 27.5% of flats in area selling for prices up to £2M, which is mirrored across the whole of SW3. Terraced homes are typically within the bracket of £2-5M, while a handful of exceptions will achieve over £10M, sometimes substantially so.
St Luke’s Street, Astell Street, Jubilee Place, Elystan Place are some of the most expensive streets around Chelsea Green. Each of these streets have seen properties sell for over £6M in the last three years. Those seeking the archetypal street of pastel coloured houses will be drawn to Godfrey Street, where prices start from just over £2M, whilst the elegance of Garden Square can be found in nearby Markham Square where John D wood & Co. currently have a house for sale at £5.95M.
While UK property prices are predicted to slow this year as the rise in rates impacts many, prime London properties are likely to insulate the market from a slowdown.
Robert Green, Director at John D Wood & Co. says, “Whilst this immediate area has always been popular, the desire from property buyers to be close to a real community, with the ability to shop at independent establishments, has never been stronger. At the start of each year, I often speak to a buyer who attended the popular ‘Carols on the Green’ in December, and they have made it their new year’s resolution to buy a property here”.
Author:
Robert Green MRICS
Director | Chelsea
