Homes surrounding Wilton Crescent Garden recorded an average sale price of £12.5 million across the five most recent transactions, research from Benham and Reeves reveals.
The garden, located near the boundary between Westminster and Kensington and Chelsea, topped the estate agency’s analysis of some of Prime London’s most prestigious garden squares.
Carlton House Terrace Gardens ranked second, with an average transaction price of almost £8.9 million, followed by Kensington Square at £6.3 million and St James’s Gardens at £5.4 million.
The figures are based on only the five latest transactions around each location and do not adjust for differences in property size, type or condition. They should therefore be viewed as an indication of recent values rather than a direct like-for-like comparison.
SCARCITY SUPPORTS VALUES
Markham Square recorded an average sold price of £4.4 million, while the five most recent transactions around Eaton Square averaged £3.8 million.
Park Crescent followed at £3.7 million, with homes surrounding Thurloe Square averaging £3.2 million.
London’s garden squares typically comprise period properties arranged around a central green space, with some giving residents exclusive access to private communal gardens.
Their combination of architectural character, prestigious addresses and access to greenery means homes overlooking the squares remain particularly scarce within Prime Central London.
INTERNATIONAL APPEAL
Marc von Grundherr (main picture, inset), Director of Benham and Reeves, says: “London’s prime market has endured a more measured period in recent years, but the very best homes continue to command substantial sums, and our historic garden squares are a perfect example of this.
“Green space is incredibly valuable to London buyers, particularly when it comes with the exclusivity, architectural character and prestige associated with the capital’s garden squares.
“Their limited supply means that homes surrounding them remain incredibly sought after and this scarcity helps underpin values even when wider market conditions are cooler.
“We see particularly strong interest from international buyers, many of whom want everything that comes with living in the heart of one of the world’s greatest cities without sacrificing their connection to the outdoors.”
