Houses in Notting Hill cost millions, and the flats aren't far behind. The typical sale is just over a million pounds. Most of what sells is a flat. A terraced house costs more than three million. The index has slipped over the past year, but the ticket in is still seven figures.
The Land Registry recorded 184 sales in the year to May 2026, and the median price was £1,107,500. Flats made up 131 of those sales, with a median of £800,000. The 48 terraced houses that sold had a median of £3,400,000, and the 3 semi-detached houses came in at £5,100,000. The stucco terraces on the postcards are the 48. Almost everyone else bought a flat inside one of them.
The published house-price index for the area was down about 11% in the year to May 2026, and flats on their own were also down about 11%. That is a real drop, and it is a drop from a very high starting point. A buyer here is still paying a premium, just a smaller one than a year ago.
Band D is the most common council-tax band, and only about 10% of homes are in bands A or B. A band D bill comes to about £1,667 a year. Next to the purchase price, that is the one cost in Notting Hill that looks ordinary.
Renting costs less upfront but not much less each month. The typical private rent across Kensington and Chelsea was about £3,600 a month in April 2026, and that figure, which is a mean from the Office for National Statistics' rent index and not a median of listings, covers the whole borough. By size, a one-bed averaged £2,571, a two-bed £3,340, a three-bed £3,965 and four bedrooms or more £5,508. The borough figure was down about 2% on the year. Landlords will have noticed that more than tenants.
Set against local incomes, the prices are out of reach for most people earning here. The Office for National Statistics modelled median gross household income at about £72,000 for the financial year to March 2023, averaged across the area. That is before tax, and a few years out of date. A household on that income isn't buying the median flat on salary alone, and the people buying the terraces mostly aren't living on a local wage.
Of the sales that could be matched to an energy certificate's floor area, about 36% of the total, the median price was about £18,333 per square metre, with a typical floor area of 130 square metres behind it. Most of what sells is a flat in a converted house, so ask the seller's solicitor about the lease length and the service charge early. They change the real price of every square metre on that figure.
At the 2021 Census, about 36% of homes had one bedroom, 33% had two, 19% had three and 12% had four or more. Two-thirds of the stock is one or two bedrooms. A growing family looking for a third bedroom is competing for a fifth of the stock.
Notting Hill is poor value by most measures. The prices have come off a little, but a one-bed flat here is a serious sum and a house is out of reach for almost everyone.