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Average house prices top £1.5million in Kensington and Chelsea for the first time

The borough, which is home to Grenfell Tower and other areas of deprivation, still continues to house the most expensive homes in the borough

The average price of a house in Kensington and Chelsea has topped £1.5 million for the first time.

Prices in the area have risen by 17.1% in the year to May, up from £1.28m to £1.50m.

Neighbouring Hammersmith and Fulham had the slowest growing prices locally, up 0.4% to an average of £777,107.

The average price of a property in Kensington and Chelsea has broken through the £1.5m barrier

The Royal borough has been firmly in the public eye for nearly six weeks, since the fire at Grenfell Tower killed at least 80 people.

It highlighted the disparity in house prices within the borough, with North Kensington, where the tower was located, among the most deprived in the country.

Borough May 2016 May 2017 Difference (%)
Kensington and Chelsea £1,282,708.00 £1,501,966.00 17.1
Hammersmith and Fulham £774,019 £777,107.00 0.40
Ealing £469,890 £490,547.00 4.4
Hounslow £392,697 £407,453.00 3.8
Brent £488,299.00 £492,680.00 0.9
Harrow £451,186.00 £476,656.00 5.6
Hillingdon £397,012.00 £415,580.00 4.7
Westminster £1,007,474.00 £1,076,320.00 6.80
Grenfell Tower(Image: PA)

The figures, which come from the Office for National Statistics and Land Registry, show London continues to be the region with the highest average house price at £481,000, followed by the South East and the East of England, which stand at £316,000 and £284,000 respectively.

The lowest average price continues to be in the North East at £127,000.

The average UK house price was £221,000 in May 2017. This is £10,000 higher than in May 2016 and £1,000 higher than last month.

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