Sometimes, working out the prices of the houses for sale can be tricky business. This is why we created this article all about the price of houses for sale in Notting Hill, London.
From the average asking price of houses for sale in Notting Hill, to the growth of the population in the area, all will be talked about regarding the city of Notting Hill. So you will get better clued up on the area, and make finding a house for sale in the UK easier.
Thinking of a different city and perhaps a different location?
If you are looking for similar places to buy a house that are just like Notting Hill, examine this short list of cities below from outside of the region of Greater London for some inspiration.
- bonehill in Greater London
- berden in Greater London
- prittlewell in Greater London
- hollinswood in Greater London
- greenock in Greater London
If none of these suit your interest, we suggest you visit our page with all of the relevant data concerning houses for sale in the UK, allowing you to buy the right property.
Or, consider buying a leasehold property instead which may be cheaper. However, you will also have to learn what will happen when a leasehold expires so you know how to deal with this side of the law.
How are rental yields of the houses for sale different to the rest of the UK in Notting Hill?
In Notting Hill, how has the number of houses changed?
Growth in the area can be a good signal of a booming house market. However, too much growth could also have negative consequences on the capital appreciation of a house as time goes on.
Take a look at the table below for Notting Hill that shows the growth in recent years.
|1 year||3 years||5 years|
|Notting Hill growth rate||8%||14%||29%|
High growth rates can signal an appreciating housing market, nonetheless, if there are too many houses being built, this could reduce demand for housing as the supply of houses for sale starts to catch up with the demand. Leading to stagnation or a decline in house pricing so understanding the growth in Notting Hill is important.
Most of the time, high deprivation levels signal that people cannot afford to sustain their living expenses. In Notting Hill, currently, £0 people fall into this category.
Measuring this statistic against the nationwide average of 33% should give you a pretty good idea of where the city lies in the scale of poverty in the area and how much you can charge for rent in your ast (assured tenancy shorthold).
Advice from experts on properties for sale in Notting Hill
In today’s market with an abundance of homes available for sale, choosing the best house for sale can be challenging.
With several houses for sale to choose from, who will guide you through the process of choosing?
We have listed here below several experts and companies able to advise and support potential buyers.
The process of finding and investing in a house for sale can be lengthy and time-consuming, this is why we suggest you consult with the following professionals:
- Banks – Lend you the cash
- Insurance companies – Insure your new real estate investment
- Conveyancer – handles all the legal labour that is needed to proceed in buying a house for sale.
- Surveyor – Carries out an independent and complete property valuation of the house for sale
- Mortgage advisor – If you are thinking to get a mortgage to get the finances needed to afford to buy a house for sale, a mortgage advisor is the person you should be looking for
- EPC person – Always get a quote on the Energy Performance Certificate of the houses for sale listed in a certain city
In general, for the city of Notting Hill, what are the final purchase prices for the houses for sale?
There are a lot of factors that impact the final sale price a house for sale sells for in the UK and in Notting Hill. In Notting Hill, this sale price works out to be £1,337,774. As an example, a factor like population growth over the last 10 years which works out to be 0% in Notting Hill and impacts house prices of the houses for sale.
|Housing category||Total final sale price|
|Average sold price (detached)||no relevant data for this city|
|Average sold price (semi-detached)||£8,396,445|
|Average sold price (terraced)||£3,312,947|
|Average sold price (flat)||£912,589|
Above, the exact type of house is also shown to vary in price in a table in Notting Hill. You may think that the bigger the house is the more expensive, but actually, this table is more based on the demand for the properties in each category.
|Housing category||Sale price per square foot|
|Average sold price/sqft||£14,500|
|Average sold price/sqft (new build)||£11,770|
|Average sold price/sqft (old stock)||£14,450|
In addition, here is the price per square foot. By taking this data and doing an average, it is also possible to work out the average square foot of houses in Notting Hill which is £13,890. From here you can get a sense of the price of the overall housing market and therefore, also find out the prices of the houses for sale.
What is the asking price on average of houses for sale in Notting Hill?
Before a house gets sold, the figure it sells for always starts off as an asking price. This average asking price for the houses for sale in Notting Hill determines the eventual sale price of the house so it isn’t the most important figure but is still important to take note of. This figure is currently £1,271,950.
Below, there is a table showing the asking price of the different sizes of houses based on the number of bedrooms of the houses in Notting Hill.
Average price of houses for sale in Notting Hill
|Average asking price (1 bed)||£683,010|
|Average asking price (2 bed)||£1,133,239|
|Average asking price (3 bed)||£2,088,875|
|Average asking price (4 bed)||£3,694,546|
|Average asking price (5 bed)||no relevant data for this city|
The tables should give you a generic view of what the prices of the houses for sale are like. To close things off, the average asking price for the house for sale in the whole of Notting Hill is £13,290. This should show you the general prices overall and for individual types of houses too.
What kind of demographics does the city of Notting Hill have?
Is there sufficient green space in Notting Hill?
In the city of Notting Hill, there are 2 acres of green space per 1000 residents.
The charity, ‘Fields in Trusts’ recommends a minimum of 6 acres of green space per 1000 people so it is easy to see where Notting Hill is when seeing if green space availability is sufficient. This green space could be parks, nature reserves, public gardens or playing fields.
How educated are the people in Notting Hill?
In Notting Hill, the proportion of people who have a degree is 45%. Generally speaking, as the number of people with degrees increases, the more people are able to afford houses to buy as a degree is a good indicator of a higher income. To put this into perspective, the average income of Notting Hill is £52,400.00.
This figure for average household income usually goes up alongside the percentage of people who have degrees.
However, this is not a hard and fast rule, there are many factors influencing the buying power of a population and hence the appreciation of housing and the number of houses for sale in the area. This can include the rental yields of the area and other demographic statistics like crime rate.
Nonetheless, it cannot be argued that those with degrees tend to live in more affluent areas as 82% of people who achieve a first in degree level education are owners of the place they live.
The city of Notting Hill, situated in London, is a particularly impressive part of the UK because of the specific demographics of the location.
In the below headings, the city of Notting Hill and its demographics will be compared to its wider location (Greater London). This includes population size, growth and population education now and into the future.
These statistics are heavily influenced by socio-economic factors and as a result this also shapes the projected house price of the houses for sale in Notting Hill. So, taking a good look at the data is essential to understand the area you are considering to buy in.
In general, do people commit a lot of crime in Notting Hill?
For every one thousand people living in Notting Hill, 15200% commits crimes and are prosecuted. Coming to a conclusion as to whether all the other factors of your house purchase like the house price justify this figure when contrasting it with the UK average of 79.52 is something you should do as a homeowner.
It could be that the crime rate is higher than you expected but there it is worth the population growth, appreciation of the house and worth the relative price you are purchasing the house for.
Nonetheless, the crime rate of 15200% is not a statistic that should just be ignored as you could have to pay more for things like home insurance and install additional security on your house if the rate is particularly high.
Either way, burglaries are not something you would want to encounter in a house. Whether that be a house you are living in or a house you are renting out to tenants.
Is the city of Notting Hill deprived?
Deprivation of a city is defined as the number of people who are considered to not be earning enough to sustain their lifestyle. The UK average of deprivation nationwide is 33% so comparing the figure of £0 for Notting Hill should give you a nice idea of the deprivation in the area.
Have the people of Notting Hill grown in numbers?
Population growth in Notting Hill is important to know if there is housing demand and the total population may also be looked at as large populations commonly have a lot of buyer demand.
In Notting Hill, 31399 people live in the city as their main place of residence.
It is important to note that it is not the case that everyone likes a large population to live in. People who tend to prefer a more relaxed life are more likely to buy or rent somewhere to live that has a small population and perhaps also wouldn’t mind if the population isn’t growing.
Other people also like to have a mix of both. Where they can visit rural areas and also benefit from the amenities of a busy city.
In Notting Hill in the previous five years, have population numbers transformed?
Five years may seem like a long time but it is rare for a city to grow that much unless there is dramatic population growth. In Notting Hill, this change has been 0%. Read more here
Someone who wishes to find out how this change has occurred over a longer period of time may also wish to read the headings below and see if the change has continued throughout the past decade too. Or if the change is only true for the more recent figure for five years of 0%. Click here to know more on the UK population trends.
Over the last decade, how has the population differed in Notting Hill?
Populations change all the time but if there is a clear change in population in the last ten years this is even more reliable data about the population of the area as opposed to five. This adjustment in population works out to be 0% in Notting Hill.
What this statistic is like in comparison to the population change in five years should provide you with a comprehensive understanding of what direction the population is heading in.
In recent years because of the pandemic, it is common to see dramatic differences in the population change in the last five years when comparing it to ten as people realise they can work from home but still keep the current jobs they have.
This means they can move to cities they wouldn’t have considered otherwise and be location-independent of their source of income. Perhaps making a longer commute into the office every week for example.
What is the social grade score of Notting Hill?
The social grade of a city is useful when searching for a house for sale because it tells you what kind of jobs people have in the area. For example, there could be a lot of skilled manual workers or there could be a lot of pensioners and people on benefits.
The scale goes from a social grade of an A who are high managerial, administrative or professional workers to an E where people in this category are on state pensions, casual workers or unemployed on state benefits. The number of people in Notting Hill in grades A or B which are the highest skilled roles in the country is 37%.
Realistically, you can expect workers in this category to earn a higher salary too. For comparison, £52,400.00 is the average household income of the area. You can see how this figure is congruent with the number of people in the top two categories of the social grade at 37%.
How much are those living in Notting Hill earning?
While not always the case, the amount people earn can be associated with better schools in the area and perhaps a nicer environment to live in.
£52,400.00 is the average household income of the area. And the higher this figure is the more likely it is that there is a higher percentage of people with a social grade score in the A or B categories which is 37% for Notting Hill.
Invest in a house for sale that meets your demands
Many criteria impact the price of houses for sale in Notting Hill.
Here below are the most important ones according to Lofti’s expertise:
- Affordability – (see what house for sale can you afford?)
A guide from the UK government
- House Location – The borough and region of the UK you want to invest in is an important factor to consider when looking for a home for sale.
- Transport – Commuting can be a waste of time. Minimise it by checking how long it will take from the house for sale you’re interested in, to your office before considering buying
- Number of bedrooms – The number of bedrooms goes hand in hand with the house for sale price. If you are buying for the long period try to think if you might need an extra bedroom
- Energy performance of the house for sale – The difference between an EPC rating of A and an EPC rating of G can impact your monthly utility bills, consider this when evaluating houses for sale.
- Internet connection – Being able to take video calls from your home is crucial nowadays, always check the broadband of the area when browsing houses for sale
- Car park – Ask the property seller for parking availability. If it is included in the price of the house for sale, you can justify paying more than you would at first glance
- Conditions of the house for sale – Repair works can be expensive and take a lot of time, assess the conditions of the houses listed for sale before making an official offer.
Frequently Asked Questions (FAQ)
Is it possible to renovate a property in Notting Hill?
If planning permissions are abundant in the vicinity of Notting Hill, it may look promising for landlords looking to renovate. With 11 getting approved on a monthly basis, and a success rate of 82%, these prospects flourish against a population of 31399. A comparative analysis against other locations across the UK will lend you a good perspective of this data.
On a monthly basis, how many property transactions take place in Notting Hill?
Notting Hill boasts a monthly total of 11 property transactions, while the entire UK witnesses approximately 1.1 million property sales. You can visit our pages that give information on houses for sale based on Rightmove data from the same region using the link
What’s the year-over-year population change in Notting Hill or similar cities?
To work out how the population of Notting Hill has changed over time, you can look at the population change over a decade which is 0% and the change in a five year period two which falls at 0%. Compare the two and look at the population growth or decline in recent times to really make sure you have a good understanding of the population
What are the asking rates for houses for sale in the surrounding area of Notting Hill?
The average asking price of a house in Notting Hill is currently £13,290 based on the average price per square foot.
Would acquiring a house for sale in Notting Hill be regarded as a high-priced option?
Determine whether a property is expensive by comparing a list of houses for sale to the prevailing average selling prices. In Notting Hill, this figure stands at £1,337,774, while the UK average is £286,500.