London is a bustling and ever-changing city, with different areas constantly emerging as hotspots for investment. When it comes to London real estate investment, there are certain areas that have long been known as desirable and prestigious. However, there are also up-and-coming hotspots that are set to see significant growth and development in the coming years. For those looking to buy property in the coming year, it’s important to keep an eye on both.
Read on as Rickman Properties takes a closer look at some of the best areas in Kensington and Chelsea to invest in now, as well as some classic and foolproof postcodes.
Districts in Kensington and Chelsea to Watch in 2023
The Royal Borough of Kensington and Chelsea is a prime location in Central London that offers excellent investment opportunities. It boasts stunning architecture, world-class amenities, and a rich cultural heritage. The borough is well-connected to other parts of the city, making it an ideal location for professionals, families, and international buyers. With a wide range of parks and gardens, high-end restaurants, luxury boutiques, and exclusive members’ clubs, Kensington and Chelsea offers an elevated quality of life. Read on for our top picks of areas worth considering in 2023.
1. Holland Park
Holland Park boasts a vibrant community that has witnessed notable growth in recent years. It’s home to a number of high-end shops, restaurants, and bars, as well as some prestigious schools. With its close proximity to both Kensington and Notting Hill, Holland Park is a borough to watch in 2023.
When it comes to indulgent shopping experiences, few places can match the sheer opulence of Knightsbridge. Harrods and Harvey Nichols are just a couple of the retail giants that call this upmarket borough home. But as impressive as the retail scene is, there’s much more to Knightsbridge than designer brands and high-end merchandise. The former American Embassy building is being redeveloped, and a stunning new pedestrianised public space is set to take its place. As the transformation of Knightsbridge is afoot, it’s clear that this borough is about to hit even greater heights of luxury and sophistication.
3. Earls Court
Earls Court has been a go-to for savvy investors for quite some time, and it’s not hard to see why. Its central location and convenient transport links make it a highly desirable spot. But the best is yet to come! The Earls Court Exhibition Centre is currently undergoing a massive overhaul, which is sure to create a wave of new opportunities for those looking to buy property in this area. With new homes and commercial spaces on the horizon, Earls Court is definitely an area to keep your eye on if you’re looking for a sound property purchase option.
4. Notting Hill
Notting Hill has an undeniable cool factor, attracting trendy young professionals and families alike. And while it may seem like this desirable area has reached its peak, there’s still plenty of potential for growth and development. The former Middlesex Hospital site is currently undergoing a transformation, creating new commercial space and breathing new life into the neighbourhood. So, if you’re looking to purchase property in an area with a proven track record of desirability, combined with exciting new developments, Notting Hill is definitely worth considering.
5. South Kensington
This area poses an excellent opportunity for those looking for property in the desirable borough of Kensington and Chelsea. With its prime location and rich cultural offerings, South Kensington is an attractive destination for visitors and residents, making it a profitable location for investors.
This area’s charming streets and beautiful green spaces also make it a highly sought-after residential area. South Kensington is an excellent investment opportunity in 2023, offering a range of favourable qualities, from its world-class museums and high-end restaurants to its superior location and residential offerings. With so much to love, South Kensington is poised to be one of the favourite destinations in Kensington and Chelsea in the coming year.
London is a dynamic city, and there are many investment-worthy areas within the Royal Borough of Kensington and Chelsea. Looking to invest in property in 2023? Call us at Rickman Properties today to schedule a showing!