Meet the five London homes where asking prices have tumbled 20% OR MORE

Meet the five London homes where asking prices have tumbled 20% OR MORE

London’s housing market is about to experience a roller coaster, and in some parts of the city, it is already happening.

Prices for luxury homes in some of the most expensive districts of the city fell by more than 10% over the last 12 months, broker Knight Frank LP revealed.

Chelsea experienced a drop of 12.6%, in kensington prices went down 9.1% and north of Hyde Park the priciest homes have dropped prices by 11.2%.

With predictions that prices will fall even more in 2017, Bloomberg have put together a list of five properties that recently experienced a price drop of 20% or more.

Stratheden, The Bishops Avenue, N2: 40% Reduction

Located on one of the two streets in London dubbed as Billionaire’s Row is now selling for about £15 million, compared to an initial starting price of £25 million.


Stanley Street, SE8: 20% Reduction

Only a 7-minute journey on London’s “hipster Express”, the broker of this property is now seeking offers of more than £795,000 rather than the originally expected £995,000.


Bouverie Place, W2: 19% Reduction

Originally asking for £1.8 million in August, this five-bedroom house near Paddington is now being offered at £1.45 million.


Riverside Drive, Golders Green, NW11: 28% Reduction

After having been lister for £1.395 million in May, this four-bedroom flat in north-west London is now available for more than £1 million.


Kensington Court Place, W8: 25% Reduction

This four-bedroom home with roof terrace and patio area, located within a short walk from Royal Albert Concert Hall and Hyde Park has been sold after dropping its price from £4.35 million to £3.25 million.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT