Housing Market Analysis for PALACE GATE, W8 5LY

Are you looking to understand W8 5LY house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Kensington and Chelsea postcode.

For the location information and nearby amenities in the W8 5LY area, explore the W8 5LY Area information page.
For comprehensive crime statistics in the W8 5LY area, explore the W8 5LY Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the W8 5LY postcode area, The average prices are as follows,

  • Flat
    • The average price is around £1,680,592 median price is £982,000 Standard Deviation is £1,827,454 with Total Sold: 28
    • The Last 5 Year average price is £3,650,800 with Total Sold: 5
    • The most recent sale happened at this postcode is FLAT 1, 29 PALACE GATE: £3,665,000 (Sold on 18 Aug 2023)
    • The first recorded sale happened at this postcode is FLAT C, 29 PALACE GATE: £145,000 (Sold on 10 Oct 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average W8 5LY house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£3,665,0001
2022£6,150,000 £18,750 1
2021£1,219,500 £10,988 2
2020£6,000,000 £23,159 1
2018£5,400,000 £18,747 2
2017£1,670,000 £15,729 1
2015£1,370,000 £12,904 1
2008£818,0001
2007£595,0001
2006£1,984,519 £10,177 1
2004£830,000 £6,308 2
2003£1,800,0001
2000£885,000 £4,286 2
1999£821,250 £4,361 4
1998£1,100,0001
1997£261,875 £1,846 4
1996£451,2782

All the Sales in the PALACE GATE, W8 5LY

See the table below for more details on the sold house prices in the W8 5LY, Kensington and Chelsea postcode.

AddressSold DatePrice% Change
FLAT 1, 29 PALACE GATEFlat, Leasehold18 Aug 2023£3,665,00084.68%
14 Jul 2006£1,984,51961.34%
10 Nov 2004£1,230,00044.71%
05 Aug 1999£850,000136.11%
22 Jul 1997£360,000First Sale
FLAT 11, 29 PALACE GATEFlat, LeaseholdArea: 328 Sq.mtrAge: 1900-192929 Apr 2022£6,150,00036.67%
21 Sep 2018£4,500,000First Sale
FLAT A, 29 PALACE GATEFlat, LeaseholdArea: 106.17 Sq.mtrAge: before 190017 Sep 2021£1,575,000-5.69%
03 Aug 2017£1,670,00021.90%
03 Jul 2015£1,370,00067.48%
05 Sep 2008£818,00037.48%
13 Mar 2007£595,00030.77%
30 Mar 2000£455,00054.24%
28 Nov 1997£295,00090.32%
23 May 1997£155,000First Sale
FLAT B, 29 PALACE GATEFlat, LeaseholdArea: 121 Sq.mtrAge: 1900-192918 Jan 2021£864,000First Sale
FLAT 9, 29 PALACE GATEFlat, LeaseholdArea: 259.074 Sq.mtrAge: 1900-192931 Mar 2020£6,000,000287.10%
23 Apr 1999£1,550,000First Sale
FLAT 4, 29 PALACE GATEFlat, LeaseholdArea: 265 Sq.mtrAge: before 190016 Nov 2018£6,300,000731.62%
28 Nov 1996£757,555First Sale
FLAT C, 29 PALACE GATEFlat, Leasehold16 Jan 2004£430,00050.88%
08 Mar 1999£285,00020.00%
30 Apr 1997£237,50063.79%
10 Oct 1996£145,000First Sale
FLAT 6, 29 PALACE GATEFlat, Leasehold01 Nov 2003£1,800,00036.88%
02 Jun 2000£1,315,000First Sale
FLAT 2, 29 PALACE GATEFlat, LeaseholdArea: 219.031 Sq.mtrAge: before 190026 Feb 1999£600,000First Sale
FLAT 10, 29 PALACE GATEFlat, Leasehold04 Feb 1998£1,100,000First Sale

Check out the sold house prices near the W8 5LY postcode. Properties currently for saleProperties currently for rent

PALACE GATE, W8 5LY Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the W8 5LY postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the W8 5LY postcode.

  • Flat
    • The average price is around £972,775 median price is £570,000 Standard Deviation is £1,265,355 with Total Sold: 6,973
    • The Last 5 Year average price is £1,896,877 with Total Sold: 736
    • The most recent sale happened at this postcode is FIRST FLOOR FLAT 3, 60 QUEEN'S GATE: £2,100,000 (Sold on 16 Sep 2024)
    • The first recorded sale happened at this postcode is FLAT 21, SUTHERLAND HOUSE MARLOES ROAD: £232,500 (Sold on 10 Jan 1995)
  • Terraced
    • The average price is around £2,797,030 median price is £1,725,000 Standard Deviation is £3,751,096 with Total Sold: 845
    • The Last 5 Year average price is £5,486,061 with Total Sold: 120
    • The most recent sale happened at this postcode is , 4 KENSINGTON GATE: £5,127,500 (Sold on 16 Aug 2024)
    • The first recorded sale happened at this postcode is FLAT 25, CORNWALL GARDENS COURT, 47 - 50 CORNWALL GARDENS: £320,000 (Sold on 20 Jan 1995)
  • Other
    • The average price is around £5,189,417 median price is £1,550,000 Standard Deviation is £8,356,131 with Total Sold: 147
    • The Last 5 Year average price is £5,130,046 with Total Sold: 75
    • The most recent sale happened at this postcode is FLAT 1, 61 CORNWALL GARDENS: £1,025,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , ST CATHERINE'S HOUSE, 23 KENSINGTON SQUARE: £3,500,000 (Sold on 15 Aug 2013)
  • Semi-Detached
    • The average price is around £4,072,896 median price is £2,690,000 Standard Deviation is £3,674,687 with Total Sold: 103
    • The Last 5 Year average price is £8,531,944 with Total Sold: 18
    • The most recent sale happened at this postcode is , 6 LAUNCESTON PLACE: £5,250,000 (Sold on 31 Jan 2024)
    • The first recorded sale happened at this postcode is , 30 LAUNCESTON PLACE: £760,000 (Sold on 02 Feb 1995)
  • Detached
    • The average price is around £2,787,023 median price is £2,997,000 Standard Deviation is £2,005,500 with Total Sold: 22
    • The Last 5 Year average price is £5,258,333 with Total Sold: 3
    • The most recent sale happened at this postcode is , 3 LEXHAM WALK: £5,725,000 (Sold on 27 Feb 2023)
    • The first recorded sale happened at this postcode is , 50 HYDE PARK GATE: £150,000 (Sold on 13 Mar 1995)

Sold Price Trend Over the Years:

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£1,453,255 £13,319 49
2023£1,805,386 £16,291 130
2022£2,009,404 £16,668 140
2021£2,059,633 £16,214 152
2020£2,108,827 £15,620 115
2019£1,688,641 £16,018 150
2018£2,225,740 £18,718 129
2017£1,997,386 £16,459 127
2016£2,054,819 £17,812 135
2015£2,773,825 £21,249 183
2014£1,791,570 £17,984 209
2013£1,792,575 £15,343 166
2012£1,662,620 £15,094 151
2011£1,266,424 £12,574 176
2010£1,103,020 £11,572 189
2009£1,101,292 £10,055 145
2008£988,091 £10,309 133
2007£1,019,418 £9,732 264
2006£804,598 £8,209 350
2005£710,883 £6,585 265
2004£678,745 £6,427 297
2003£631,471 £6,067 247
2002£627,758 £5,846 357
2001£604,926 £5,456 365
2000£491,752 £4,752 409
1999£392,172 £4,073 643
1998£356,834 £3,932 398
1997£337,541 £3,394 311
1996£335,892 £3,104 342
1995£239,769 £2,490 246
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£6,784,7229
2023£5,787,857 £26,588 14
2022£7,331,683 £25,907 30
2021£3,605,044 £20,653 23
2020£4,623,739 £20,586 20
2019£5,037,231 £20,510 24
2018£4,844,583 £21,658 24
2017£5,630,357 £25,507 14
2016£5,628,769 £18,691 17
2015£5,315,042 £27,071 18
2014£7,705,955 £22,420 36
2013£4,316,667 £17,674 24
2012£3,646,659 £19,297 18
2011£2,391,709 £16,825 25
2010£3,163,811 £16,379 19
2009£1,876,509 £11,914 16
2008£2,383,462 £11,807 13
2007£2,714,309 £12,714 20
2006£1,645,817 £10,452 42
2005£2,077,086 £9,075 32
2004£1,613,828 £6,923 37
2003£1,645,261 £6,451 19
2002£1,526,608 £7,892 35
2001£1,452,651 £7,296 47
2000£2,111,719 £10,473 44
1999£1,234,051 £6,244 50
1998£1,013,232 £10,713 30
1997£862,206 £5,102 51
1996£621,750 £3,292 52
1995£649,192 £3,286 42
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£9,428,0006
2023£5,191,250 £14,917 8
2022£7,098,519 £18,427 16
2021£2,663,745 £24,751 13
2020£5,829,933 £13,930 15
2019£3,000,088 £13,511 17
2018£4,031,604 £13,123 29
2017£3,650,320 £23,752 15
2016£2,401,825 £14,718 8
2015£6,424,682 £13,435 7
2014£9,784,710 £390 10
2013£14,795,000 £9,241 3
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£4,825,000 £22,926 2
2023£8,443,750 £25,932 4
2022£7,950,000 £26,873 8
2021£17,250,000 £25,670 1
2020£9,766,667 £26,040 3
2018£5,540,000 £17,500 2
2017£5,106,000 £21,454 1
2016£6,333,333 £20,334 3
2015£4,262,625 £31,066 2
2014£13,500,000 £40,909 1
2013£15,000,000 £33,312 1
2012£4,845,000 £19,577 5
2011£4,500,500 £18,530 2
2010£4,225,000 £22,746 2
2008£4,176,667 £13,636 3
2007£7,500,000 £18,703 1
2006£5,013,333 £10,433 6
2005£2,587,5004
2004£2,051,667 £18,766 3
2003£2,300,000 £6,780 3
2002£2,308,903 £5,993 7
2001£2,391,667 £5,693 3
2000£1,837,429 £8,990 7
1999£1,348,500 £10,831 4
1998£1,709,900 £5,738 5
1997£2,009,444 £5,449 9
1996£1,042,5004
1995£876,171 £2,782 7
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£5,725,000 £29,452 1
2022£7,300,000 £26,740 1
2019£2,750,000 £50,137 1
2018£3,700,000 £17,130 1
2013£5,000,000 £25,722 1
2011£3,570,000 £18,366 1
2008£5,000,0001
2007£2,437,500 £19,277 2
2004£5,150,0001
2002£2,017,500 £6,588 2
1999£3,750,0001
1998£1,444,750 £5,541 4
1997£3,100,0001
1996£476,833 £3,515 3
1995£150,000 £235 1

House Type in W8 5LY area

The most common house types in the W8 5LY postcode area are Flat (82), Shared house (26), and converted building (12).

Total127
Flat82
Shared house26
converted building12
Terraced6
Semi-detached1
Detached0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (54), and Owned: Owns outright (36).

Private rented: Private landlord or letting agency54
Owned: Owns outright36
Owned: Owns with a mortgage or loan20
Private rented: Other private rented10
Shared ownership: Shared ownership2
Social rented: Other social rented2
Social rented: Rents from council or Local Authority1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the W8 5LY have 1 person in household (58), and 2 people in household (48).

1 person in household58
2 people in household48
4 people in household9
3 people in household8
5 people in household3
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0