London is well-known for being an expensive place to live, with average property prices of £795,355 over the last year.

While there are areas in London where you can buy property for as little as £350,000, you’ll need to be a millionaire to live in the most desirable places.

Rightmove has revealed the most expensive areas to buy property in London, based on data from May 2023.

Where are the most expensive areas to buy in London?

Below are the priciest places to live in London – but you’ll need to be a millionaire to buy property in these areas.

Hampstead

Hampstead, which is less than half an hour from Central London by public transport, is the most expensive area to buy in London, with an average asking price of £1.77 million. 

This area is typically associated with the rich and famous and features many shops, period properties and independent schools.

Camden

Camden, in Greater London, is the second most expensive area as the average asking price is £1.28 million.

It’s a popular area as it’s filled with shops, restaurants, and live entertainment and is also close to Primrose Hill, which offers amazing views of London.

It was recently flagged as one area in London least likely to experience huge price falls, according to Hamptons.

East Sheen

East Sheen, in south-west London, is the next most expensive area to buy with an average asking price of £1.13 million.

The suburb is close to Richmond Park, the River Thames and Kew Gardens, and has many shops and restaurants, making it an ideal location for families.

It only takes 30 minutes to travel from East Sheen to Central London.

Whetstone

Whetstone, in north London, has an average asking price of £1.06 million and is only around 40 minutes from Central London by public transport

The area has many schools and shops, as well as green spaces, making it an ideal location for families.

Battersea

With an average asking price of £1.02 million, Battersea, in south London, is among the most expensive areas to live in London.

You can travel into Central London within 30 minutes. The Battersea Power Station’s renovation has recently been completed, making it into a hub for shopping, leisure and food.

The £8 million redevelopment has recently won the CoStar Impact Award for the commercial development of the year in London.

While finding a property you can afford is important, it’s a good idea to think about what you want from your new home.

For example, do you want a garden or access to nearby parks? Are nearby schools a priority? Will you need more space in the future if you want to start a family?

If you’re considering buying a property and are ready to get on the housing ladder, a mortgage broker can help by looking at your circumstances and scanning the market for the best deals.

See also:

The cheapest places to live in London

The most expensive places to live in Yorkshire

The most expensive places to live in the West Midlands

The most expensive places to live in the South East

The most expensive places to live in the South West