Property management in Kensington and Chelsea, London

2 bed rent

£4,605 a month

3 bed rent

£6,950 a month

Typical sale price

£1,563,610

Gross yield

3.3%

Read around W8. Rents are advertised rents; the sale price is the average of completed sales in the last twelve months.

Kensington and Chelsea is one of the most expensive boroughs in London, with rents significantly above the London average across most of its streets, reflecting its central location, its stucco-fronted garden squares and its long-established reputation as a residential area for professionals and families with the means to pay for it.

The housing stock is dominated by grand Victorian terraces and mansion blocks, many of which have been divided into flats, alongside mews houses and some more modern developments towards Earls Court and North Kensington. Notting Hill, Chelsea and South Kensington each have their own distinct character but share a similar scale of period property, and North Kensington offers a somewhat more varied stock, including converted terraces and some post-war housing.

South Kensington, Notting Hill Gate, Sloane Square and High Street Kensington stations, together with the District, Circle and Central lines, keep the borough well connected to the West End and the City, and tenants here often include professionals relocating for work, international tenants and diplomatic or corporate lets, alongside long-standing local families who have lived in the borough for generations.

For a landlord, the borough's international profile means demand can come from overseas as well as domestic sources, and the quality of period conversions and their upkeep tends to matter more here than in many other parts of London when it comes to attracting tenants, given the level of choice available to those looking to rent in this part of the city. Rents in the borough also reflect its limited amount of new housing supply, since much of the building stock is protected by conservation status, which restricts large-scale redevelopment.

• Rent collected and paid to you within 3 working days of your tenant paying
• Your rent held in a ring-fenced client account, separate from Caso's own money, until it is paid to you
• Tenant calls and messages answered 24 hours a day, every day
• Repairs assessed, priced and arranged for you, charged at the contractor's invoice with no markup
• A monthly statement for each property, with every invoice attached, in your portal
• Late rent chased from the first day it is overdue, with a dated record
• Tenancy agreement drawn up and signed online
• Renewals, changes of tenant and legal notices prepared and served
• Rent reviewed every year and the Section 13 rent increase notice served for you
• Deposit protected with the Tenancy Deposit Scheme within 30 days, and the deposit paperwork the law requires served on your tenant
• Deposit deductions agreed and the deposit returned at the end of the tenancy
• Gas safety, electrical safety and energy certificates renewed before they expire, at cost
• Smoke and carbon monoxide alarms checked and recorded
• Council landlord licence applied for where your area needs one, and its renewal date tracked
• Optional: rent guarantee at cost, with no markup. You are paid even when the tenant does not pay.

Selective or HMO licence (council licence). The Royal Borough of Kensington and Chelsea has no selective licensing scheme currently. A shared home let to five or more people from more than one household still needs a mandatory HMO licence.