Where in London have house prices risen the most in the last 20 years?

The average house price in London has increased by £298,871 in value over 20 years, new figures show.

According to research by Purplebricks, the area in London that has seen the biggest rise is Kensington and Chelsea where average house prices have gone up £701,354.

The average house price in the lucrative area, where residents include Sir Richard Branson has jumped from 495,894 in 2004 to £1,197,249 in 2024.

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Properties in Westminster and Camden have also seen eye-watering price rises over the same period, with values increasing £572,172 and £467,588 respectively.

The report also revealed that across Britain, the average homeowner has seen a £159,894 increase in the value of their property over the two decades since January 2004.

Purplebricks CEO Sam Mitchell said: “Bricks and mortar has long been one of the safest and most secure investments in Britain.

“UK homeowners, and those looking to get onto the ladder, should take huge comfort in our analysis, which shows that investing in a forever home really does pay off.

“While London homeowners have seen huge returns on their money, it is encouraging to see that wherever you are in the UK, the home you live in has been quietly earning you money over the last two decades.”

Here are the top 10 UK Locations for increased property value in the last 20 years.

Kensington and Chelsea: Risen from £495,894 to £1,197,249

City of Westminster: Risen from £364,542 to £936,715

Camden: Risen from £329.659 to £797.248

Richmond-upon-Thames: Risen from £302,972 to £747,929

Hammersmith and Fulham: Risen from £328,760 to £724,641

Hackney: Risen from £207,984 to £597,973

City of London: Risen from £326,913 to £715,466

Islington: Risen from £274,778 to £548,118

Elmbridge: Risen from £291,916 to £675,946

Wandsworth: Risen from £255,331 to £612,612

You can check how much your property has made over the past decade or two with Purplebricks new House Prices Over Time online tool that shows, by borough and property type, the potential value of homes in hundreds of areas across the UK.