Housing Market Analysis for PALACE GATE, W8 5LZ

Are you looking to understand W8 5LZ 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 5LZ area, explore the W8 5LZ Area information page.
For comprehensive crime statistics in the W8 5LZ area, explore the W8 5LZ Crime Rates page.

Overview of Sold House prices

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

  • Other
    • The average price is around £1,015,000 median price is £1,015,000 Standard Deviation is £925,000 with Total Sold: 2
    • The most recent sale happened at this postcode is FLAT 2, 31 PALACE GATE: £1,940,000 (Sold on 11 Jun 2018)
    • The first recorded sale happened at this postcode is 31 PALACE GATE: £90,000 (Sold on 30 Sep 2016)
  • Flat
    • The average price is around £639,792 median price is £485,000 Standard Deviation is £411,757 with Total Sold: 6
    • The most recent sale happened at this postcode is FLAT 1, 31 PALACE GATE: £1,553,750 (Sold on 23 Jun 2016)
    • The first recorded sale happened at this postcode is FLAT 2, COGENT ELLIOTT, 31 PALACE GATE: £525,000 (Sold on 19 Feb 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average W8 5LZ 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: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£1,940,000 £18,267 1
2016£90,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£1,553,750 £15,248 1
2001£495,0001
2000£475,0001
1998£438,3333

All the Sales in the PALACE GATE, W8 5LZ

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

AddressSold DatePrice% Change
FLAT 2, 31 PALACE GATEOther, LeaseholdArea: 106.2 Sq.mtrAge: 1900-192911 Jun 2018£1,940,000First Sale
31 PALACE GATEOther, Freehold30 Sep 2016£90,000First Sale
FLAT 1, 31 PALACE GATEFlat, LeaseholdArea: 101.9 Sq.mtrAge: before 190023 Jun 2016£1,553,750First Sale
FLAT 1, COGENT ELLIOTT, 31 PALACE GATEFlat, Leasehold02 Aug 2001£495,0004.21%
29 Jun 2000£475,00026.67%
16 Mar 1998£375,000First Sale
FLAT 3, COGENT ELLIOTT, 31 PALACE GATEFlat, Leasehold16 Mar 1998£415,000First Sale
FLAT 2, COGENT ELLIOTT, 31 PALACE GATEFlat, Leasehold19 Feb 1998£525,000First Sale

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

PALACE GATE, W8 5LZ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the W8 5LZ 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 5LZ postcode.

  • Flat
    • The average price is around £946,693 median price is £560,000 Standard Deviation is £1,226,072 with Total Sold: 7,177
    • The Last 5 Year average price is £1,785,325 with Total Sold: 738
    • 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 £2,793,546 median price is £1,732,500 Standard Deviation is £3,730,375 with Total Sold: 856
    • The Last 5 Year average price is £5,431,390 with Total Sold: 124
    • 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 £5,961,535 median price is £1,220,000 Standard Deviation is £19,366,722 with Total Sold: 155
    • The Last 5 Year average price is £4,819,906 with Total Sold: 79
    • 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 £4,063,807 median price is £2,670,000 Standard Deviation is £3,691,504 with Total Sold: 102
    • 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 £2,594,979 median price is £2,822,000 Standard Deviation is £2,023,027 with Total Sold: 24
    • 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£1,384,046 £13,319 54
2023£1,697,729 £15,890 132
2022£1,938,813 £16,759 143
2021£1,694,278 £15,837 139
2020£2,096,020 £15,522 118
2019£1,701,619 £16,040 152
2018£2,192,958 £18,718 132
2017£2,005,664 £16,437 128
2016£2,015,359 £17,722 141
2015£2,731,848 £20,999 188
2014£1,794,536 £17,967 212
2013£1,762,339 £15,185 172
2012£1,581,359 £14,907 155
2011£1,263,643 £12,566 180
2010£1,091,659 £11,551 194
2009£1,066,254 £9,990 151
2008£998,640 £10,408 141
2007£1,002,900 £9,711 277
2006£800,101 £8,158 358
2005£693,459 £6,517 270
2004£671,886 £6,368 299
2003£618,552 £6,002 259
2002£612,311 £5,708 378
2001£598,691 £5,513 387
2000£489,827 £4,718 421
1999£387,885 £4,057 657
1998£352,277 £3,905 402
1997£337,993 £3,392 320
1996£326,234 £3,192 363
1995£229,129 £2,425 254
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£6,784,7229
2023£5,668,667 £26,402 15
2022£7,331,683 £25,907 30
2021£3,655,240 £20,771 25
2020£4,623,739 £20,586 20
2019£4,943,742 £20,510 25
2018£4,844,583 £21,658 24
2017£5,500,000 £25,151 15
2016£5,628,769 £18,691 17
2015£5,237,934 £26,762 19
2014£7,387,747 £22,450 38
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£2,637,437 £12,714 21
2006£1,651,729 £10,452 43
2005£2,077,086 £9,075 32
2004£1,621,359 £6,923 38
2003£1,645,261 £6,451 19
2002£1,448,608 £7,750 35
2001£1,465,209 £7,023 46
2000£2,087,014 £10,473 45
1999£1,229,551 £6,261 50
1998£1,023,343 £10,713 29
1997£862,206 £5,102 51
1996£618,038 £3,292 53
1995£649,192 £3,286 42
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£9,428,0006
2023£5,091,250 £18,140 8
2022£7,098,519 £18,427 16
2021£2,326,772 £24,751 15
2020£5,598,679 £13,930 15
2019£2,685,079 £13,511 19
2018£2,870,319 £14,036 33
2017£2,135,507 £23,752 16
2016£2,401,825 £14,718 8
2015£42,155,000 £13,435 6
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£1,635,625 £5,449 8
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£1,807,5002
1996£470,125 £3,515 4
1995£150,000 £235 1

House Type in W8 5LZ area

The most common house types in the W8 5LZ 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 5LZ 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