Top 10 Richest Areas in London
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London is always known to be the most expensive areas to live in London city in the United Kingdom. According to ECA International’s latest Cost of Living report (2023), the UK is the 4th most expensive globally. London comes with a high price tag, as it has the richest areas in London, high-end shopping streets, sought-after green space and world-class Michelin restaurants at your doorstep making it an expensive city.
Now that you know it’s expensive, let’s look at some of the top 10 richest boroughs in London. These posh areas in London are home to royalties and celebrities in the UK. The average home price in the wealthiest area in London starts at an average of 1 million GBP.
If you are studying at one of the universities in the city, you can also find affordable student accommodation in London. Whether you are enrolled at the University of London, Imperial College London, London Metropolitan University, there are off-campus student housing near universities in London.
10 Most Expensive Areas in London Revealed
Knightsbridge
Knightsbridge is the most expensive residential street in the world having the costliest house in London. It is a posh part of London as it has some of the wealthiest properties rich millionaires own. The area is home to the world’s top-class superstore, Harrods, which caters to the affluent society with high-class shopping. Below are some key highlights of Knightsbridge:
- Alongside Harrods, Knightsbridge features designer boutiques like Prada, Chanel, and Gucci, making it a shopping haven for the ultra-rich.
- The neighborhood is also home to Michelin-starred restaurants such as Dinner by Heston Blumenthal and Marcus.
- There are luxury apartments designed in Georgian and Victorian style having modern amenities like private cinemas, spa facilities, and wine cellars.
- The average property price at Knightsbridge has risen in 2025, starting from £4 million and reaching upwards of £25 million, depending on size and location.
In 2025, Knightsbridge saw a 7% increase in foreign investments, particularly from Middle Eastern buyers, further boosting its property market.
Kensington
It is the richest borough in London, a Royal part of Kensington and Chelsea. The area is home to royalties and residents who are lease downers to the royal family. It has the finest stately Victorian building, the Albert Hall, with iconic landmarks, including the Science Museum, Natural Museum, and Roya Kensington Palace. Below are some of the key highlights of Kensington:
- Kensington also offers exceptional green spaces, including Kensington Gardens and Holland Park, making it a serene yet luxurious location.
- The properties in Kensington exude sophistication with stately Victorian and Edwardian townhouses, as well as modern luxury apartments.
- The average property price in Kensington in 2025 starts at £4 million and can exceed £20 million, depending on proximity to landmarks and exclusivity.
Mayfair
Mayfair is the most expensive district in the world housing some of London’s most exquisite homes, luxury hotels, and fine-dining establishments. It sits beside Hyde Park and Green Park surrounded by Oxford, Piccadilly and Marylebone Street. It is the richest place in London as it dates back its history to Roman times. Below are some of the key highlights of Mayfare:
- The area boasts high-end shopping streets like Bond Street and Mount Street, home to brands such as Louis Vuitton, Hermès, and Cartier.
- In addition to luxury boutiques, Mayfair features prestigious art galleries, private clubs, and cultural landmarks.
The average property price in Mayfair has risen significantly, starting at £5 million for apartments and exceeding £40 million for mansions with historical significance or architectural uniqueness.
Hamstead
It is one of the most desirable areas to live in London as it has so many green spaces. This area is adored by those who love the blend of nature and enjoy a luxurious home and lifestyle. Being one of the wealthiest neighborhoods in London, it is home to high-profile residents like Sting, Boy George, Stephen Fry, Liam Gallegher, and many others. The Hampstead Theatre and Keats House have created an intellectual environment and attracted many writers and creators. Below are some of the key highlights of Hamstead:
- The neighborhood features a mix of Georgian mansions, modern homes, and charming cottages.
- The average property price in Hampstead ranges from £3 million to £15 million, with premium properties located close to the Heath.
Hampstead also offers a vibrant cultural scene with boutique theaters, independent bookstores, and artisan cafés.
Belgravia
It is known to be one of the wealthiest districts in the world and home to affluent residents of London. Located between Hyde Park and Mayfair, this is London’s richest area. It is home to grand architecture and a historic garden square perfect for setting up terrace houses. There are prominent homes with royal residents owning many of the luxurious places. Below are the key highlights of Belgravia:
- The neighborhood is home to iconic squares like Eaton Square and Chester Square, which feature opulent terrace houses and luxury apartments.
- The average cost of homes in Belgravia has risen in 2025, starting at £5 million and exceeding £50 million for premium properties.
- In addition to residential grandeur, Belgravia offers boutique shopping, fine dining, and cultural attractions, including the renowned Belgravia Gallery.
In 2025, Belgravia saw a significant influx of international buyers from the Middle East and Asia, drawn by its safe and exclusive environment, as well as its proximity to London’s financial hubs.
Chelsea
Chelsea is a posh area located in the most renowned postcode in the world. It has the most luxurious properties and high rental prices, attracting only the super-rich people worldwide. Located within the SW3 and SW10 postcodes, it features prestigious streets like King’s Road and Sloane Square, which host luxury boutiques, Michelin-starred restaurants, and art galleries. It is known for its art scene and thriving culture, history, and mixed estate of houses. Below are some of the key highlights of Chelsea:
- It is a legacy to the homes of many artists like the Rolling Stones, Kylie Minogue, and the Beatles.
- Properties range from elegant townhouses to modern penthouses, with average property prices starting at £3 million and reaching £30 million for exclusive homes near the Thames.
In 2025, Chelsea introduced eco-conscious luxury developments, offering smart homes with sustainable materials and energy-efficient technologies, further solidifying its status as a forward-thinking neighborhood.
Marylebone
Marylebone is an expensive place to live in the west end of London. As one of the wealthiest parts of London, it offers residents top-class amenities with exclusive, luxurious homes, lifestyles, and high-end shopping areas. Below are the key highlights of Marylebone:
- The properties in Marylebone are diverse, ranging from historic Georgian townhouses to luxury apartments in modern developments.
- The average property price has increased to £2 million, with prime properties reaching £15 million.
Marylebone attracts professionals and families seeking an upscale yet lively lifestyle.
West Brompton
West Brompton is one of the wealthiest boroughs in London as it is in the expensive boroughs of Kensington and Chelsea. It is a good area for those looking to stay in affluent areas, surrounded by other richest neighborhoods in London, such as Chelsea, Earls Court, Parsons Green, and Fulham. Below are the key highlights of West Brompton:
- Known for its proximity to iconic neighborhoods like Chelsea, Earls Court, and Fulham, it offers residents a blend of exclusivity and convenience.
- The area is home to a variety of Victorian terraced houses and modern apartments, with property prices starting at £3 million and reaching £12 million for premium residences.
High-end schools and access to green spaces further enhance its appeal to wealthy families.
The City of Westminster
This is one of the most expensive and posh areas of Central London. It is where the most important institutions and landmarks are present. Below are the key highlights of the City of Westminster:
- Buckingham Palace, home to the Queen, 10 Downing St, home to the Prime Minister, and the Houses of Parliament are all in this area.
- In addition to its political importance, Westminster offers a mix of luxury apartments and historic homes, with property prices starting at £3 million and exceeding £25 million for exclusive properties near St. James’s Park.
This makes the city of Westminster one of the most expensive places to live in the UK.
Notting Hill
The movie ‘Notting Hill’ was shot in this area, making it a prime and essential location for a movie set. This is one of the most important areas in London which genuinely represents everything about the culture of London. One of Europe’s famous festivals is also celebrated in Notting Hill. It has beautiful Victorian townhouses lined up, Below are some of the key highlights of Notting Hill:
- The area gained fame through the movie “Notting Hill” and is celebrated for hosting Europe’s largest street festival, the Notting Hill Carnival, which continues to attract millions of visitors annually.
- Property prices in Notting Hill range from £2 million to £20 million, depending on location and property type.
- The area is also a hub for creative professionals, with art galleries, vintage shops, and independent cinemas lining the streets.
In 2025, Notting Hill introduced a new luxury residential project near Portobello Road, featuring townhouses with private gardens and sustainable designs, further enhancing its appeal among affluent buyers.
Read Also: Detailed Guide to London Zones 1 to 6, Exploring Top Boroughs In London
Frequently Asked Questions
What is the most expensive area to live in London?
The most expensive area to live in London is Knightsbridge. Known for its luxury boutiques, fine dining, and prestigious residential properties, Knightsbridge attracts affluent individuals seeking high-end living. The area's proximity to landmarks like Harrods and Hyde Park further elevates its appeal.
What is the famous rich street in London?
Bishop's Avenue, often referred to as "Billionaire's Row," is one of the most famous rich streets in London. Located in Hampstead, it boasts grand mansions owned by global elites. Its exclusivity and luxurious properties make it iconic.
Which part of London is the richest?
West London, particularly areas like Kensington, Chelsea, and Mayfair, is considered the richest part of London. These neighborhoods are known for their stunning architecture, high-end shopping districts, and elite social scenes, attracting the wealthiest residents.
Where do billionaires live in London?
Billionaires in London often reside in areas like Belgravia, Knightsbridge, and Mayfair. These neighborhoods offer a mix of opulent homes, private gardens, and proximity to prestigious institutions, catering to the lifestyle of the ultra-wealthy.
Which zone is most expensive in London?
Zone 1 is the most expensive zone in London. It covers central areas like Westminster, Chelsea, and Mayfair, where property prices are the highest due to their prime location, excellent amenities, and cultural significance.
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