Earls Court Area
Earls Court borders South Kensington to the East and West Kensington to the West, Chelsea to the South and Kensington to the North. After the Second World War migrants from Poland settled in the area and the Earls Court Road became known as Danzig Corridor. During the 1960s the area began to attract a transient population from Australia and New Zealand, the area then being dubbed Kangaroo Valley. More recently rocketing property prices in the area has meant the area has undergone a gentrification and the transient Australasians have moved on.
Type of property
The area is a mix of small family houses and flats. The majority of the original buildings, mostly constructed in the 1870s, are divided into apartments. There are some attractive red brick mansion buildings offering good sized lateral apartments . Earls Court Square and Barkston Gardens boast some grand apartments overlooking gardens.
The sales market in Earls Court has traditionally lagged behind its more up market neighbours, however as property stock has become more constricted in those neighbouring areas, it has driven buyers into Earls Court. Regeneration projects and refurbishments of the Victorian buildings have meant that sales prices have increased markedly over the last 10 years.
You can find a one bedroom flat for rental in Earls Court for between £350 and £450 per week and studios from £250 per week. There are several mews houses in the area achieving between £700 to £1000 per week. Some of the larger family houses can achieve around £1750 per week and represent very good value for money if you do not have the budget for a more central London location. The properties on the prestigious garden squares on the West side of Earls Court such as Bramham Gardens, Earls Court Square and Nevern Square offer large lateral; flats from £700 per week.
Types of buyers and sellers
As with the surrounding areas the buyers and sellers are mixed. Whilst many are UK nationals, a good deal are from mainland Europe: France, Italy and Spain, due to Earls Court's proximity to international schools. The variety of accommodation means that the area attracts families, couples and first time buyers alike
Types of tenants and landlords
Earls Court is becoming a more sought after area not just for the foreign students but for families who find themselves priced out of neighbouring South Kensington. There are a number of good local schools in the area which can attract both English and foreign tenants and the District and Piccadilly underground station are ideal for those commuting to the city or the West End . A variety of landlords are investing in the area and the East Side around Earls Court Square is providing good investment opportunities where small hotels are now being converted into modern flats.
Council Tax Rates for Royal Borough of Kensington and Chelsea
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* Excludes garden square levies