Living in Notting Hill
Notting Hill these days attracts a diverse range of residents – from city workers, film and TV stars, fashionistas and writers to families and a huge array of different nationalities. The lifeblood of the area is Portobello Road market which cuts right through the heart of Notting Hill. The cultural diversity of the area comes to the fore every August Bank Holiday when the carnival takes over the streets.
Notting Hill is more informal and laid-back than the neighbouring areas of Kensington and Chelsea and this is considered by many to be its one of its big appeals.
Managing Director, Michael Wilson, sums up the area:
“In my view Notting Hill has it all; amazing cultural diversity, wonderful markets, countless restaurants and boutiques and some of the most beautiful parks in London on the doorstep. Not only this but it’s just a short distance from central London and the city with great transport links for city workers. We get to deal with a wonderful array of Victorian properties and mansion blocks. And more recently we’re seeing new developments around Bayswater and Paddington come onto the market.”
Why buy property in Notting Hill?
The Notting Hill property market is made up predominantly of flat conversions – about three quarters – with family houses making up the rest of the housing stock. Prices have risen consistently over the last decade and properties have held their value well during the economic downturn due to demand outstripping the supply of available properties in Notting Hill. As an example, you can pay anything from £500,000 for a one-bedroom flat, £750,000 for a two-bedroom flat and from £1,500,000 for a house
At the upper end styles range from the grand detached villas in Pembridge Place, Chepstow Villas and Dawson Place to decorative terraced houses on Kensington Park Gardens, Ladbroke Square and Stanley Crescent as well as the terraces backing on to the famous communal gardens such as Lansdowne Road, Ladbroke Gardens and Elgin Crescent.
Elsewhere there are pockets of increasing popularity such as the Artesian grid bordering the now chic Westbourne Grove, the few streets just to the north of Westbourne Park Road such as Leamington Road Villas and Aldridge Road Villas and the very attractive and lesser known enclave around Westbourne Gardens, W2 such as Durham Terrace and Alexander Street.
A popular territory for first time buyers are the streets where there is a larger percentage of converted Victorian houses such as Colville and Powis Squares situated to the east of the Portobello Road, Lancaster Road closer to Labdroke Grove and Clanricarde and Linden Gardens both located right off Notting Hill Gate.
In the latter part of the 20th Century a number of modern mansion buildings were constructed quite often as WW2 bomb in-fills and which today are increasingly in demand due to the lateral accommodation on offer and facilities such as secure parking, porter service and even gymnasiums.
Pounds per square values range between £1000/sq ft for the smaller converted flats through to as much as £3000/sq ft for the very high end properties.
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Renting a flat or house in Notting Hill
Notting Hill is hugely popular with people looking to rent a flat or house in a trendy, vibrant part of London . Its eclectic mix of boutiques, restaurants and nightspots appeal to the young and its plethora of parks, glorious communal gardens and shops appeal to families and older applicants.
At Mountgrange Heritage, we have a huge variety of tenants on our books, including many foreign workers employed by international businesses, who are attracted by the lifestyle and like the convenience of the Central Line for easy access into the City and the proximity to Heathrow Airport.
Properties range from smart studio flats for young professionals to beautifully furnished lateral apartments and grand family houses on the leafy roads of Holland Park. As you’d expect, the quality of rental properties in Notting Hill is generally very high – as is demand. Prices range from around £300 per week for a studio, £450 per week for a 1 bedroom flat and from £3500 a week for a grand family house.
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