JLL Residential

Chelsea Report May 2017

About the report

Chelsea is a vibrant and eclectic enclave of Prime Central London. It contrasts the traditional with the contemporary in terms of residents, retail, leisure and property. While its housing market is very established it stays current through the tasteful renovation and redevelopment of existing property while also welcoming new development. New large schemes on the fringes of Chelsea coupled with smaller developments slotted into the existing streetscape point to an exciting few years ahead.

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Chelsea Report 2017 Cover

Chelsea Report May 2017

  • The sales market in Chelsea picked up during the final two quarters of 2016 with transactions around 50% higher than in Q2. Early estimates suggest Q1 2017 was also active. Sales prices have stabilised during early 2017.
  • The lettings market has recently returned closer to equilibrium given that much of the excess stock which was evident in 2016 has now been soaked up by new tenants. We are expecting a more balanced market in 2017.
  • The area is set to be invigorated by new residential developments at Chelsea Barracks and Chelsea Waterfront to name but two over the next few years.
  • Further ahead, Chelsea may benefit from a new train station, courtesy of Crossrail 2.
Chelsea Sales Prices
Chelsea Rent Prices