Logo

Revealed: How much it costs to buy a property in Camden per square metre

PUBLISHED: 11:37 16 October 2017 | UPDATED: 11:37 16 October 2017

Camden Lock

Camden Lock

Archant

Property buyers are spending more than £12,000 for just a square metre in the north London borough, figures show

Camden LockCamden Lock

Camden has been named the fourth most expensive borough in London per square meter, costing over three times as much as the capital’s cheapest borough, Barking and Dagenham, according to Office for National Statistics (ONS) analysis of 2016 property prices.

In 2016, when the average cost of property sold in England and Wales was £2,395 per square metre, one square metre of floor space – an area about the size of a red phone box – costs almost £12,671 in Camden, while in Barking and Dagenham, the same amount of space costs £3,994.

Unsurprisingly, ONS analysis revealed that 19 of the top 20 most expensive local authority areas are in London, with Kensington and Chelsea (£19,439), the City of London (£17,371), Westminster (£16,246) and Camden (£12,671) topping the list. Islington (£9,730), Hackney (£8,564) and Tower Hamlets (£8,545) also made the top ten.

Camden, with price per square meter recorded as £6,068 in 2006, is one of only five London boroughs to have broken the £10,000 per square metre price tag in 2016, doubling its figures over the last decade.

James Morton, Director at north London estate agents Benham & Reeves said: “Camden as a borough covers a multitude of different locations, and that’s the reason it has risen so well. With the likes of sought after Hampstead, West Hampstead, Belsize Park, St John’s Wood, Primrose Hill, Camden itself and parts of Highgate within the area, it is no suprise figures have doubled over the course of the last decade.”

“Moreover, what were the cheaper areas within the borough ten years ago are now catching up, which is also why Camden has seen an especially large rise.”

Having revealed Barking and Dagenham to be London’s cheapest borough based on price per square meter, Havering (£4,185) followed in at a close second.

Interestingly, Newham and Redbridge are in the top five boroughs that showed the lowest increase in house prices per square metre over the last decade, but this is still a fairly healthy 60-70 per cent rise.

ONS data covers houses and flats bought in England and Wales between 2004 and 2016. For more information about the cheapest and most expensive areas in England and Wales to buy property, visit visual.ons.gov.uk

Other Hampstead and Highgate property news

New property development Clarendon opens in Haringey Heartlands

Property developers St William are transforming the old Clarendon Gasworks into a residential and commerical city village as part of the Haringey Heartlands development.

Wasps: a total nuisance or horticultural hero?

They may be the biggest nuisance at summer barbecues, but wasps are also of great benefit to the garden - but how so? A top entomologist reveals all

Seven ways to make sure your dahlias dazzle this summer

As dahlia societies nationwide stage their annual shows this month, expert Katie Kingett offers seven tips to success with these late summer showstoppers

Rug designer Sonya Winner, opens showroom in Dartmouth Park

Emma Rice talks to rug designer Sonya Winner about her passion for colour and her new inspirational showroom in Dartmouth Park

Inside the St John’s Wood home of interior designer, Brian Woulfe

This elegant apartment in St John’s Wood has been carefully curated by interior designer and former concert pianist, Brian Woulfe

House price gap between London and regional cities set to narrow over next two years

The property price gap between London and other cities around the UK is predicted to narrow in the next two years according to figures published by Hometrack

Tom Dixon kicks off series of architecture and design events in Kings Cross

Architecture and design discussion group New London Architecture will be hosting a series of dinners at Spiritland in Kings Cross this summer, starting with an event featuring renowned furniture, lighting and home accessory designer Tom Dixon, on Thursday, July 26.

‘The means of production are changing’ - designer Tom Dixon looks to the future

Tom Dixon, designer of iconic modernist furniture and lighting, has moved his business to a new Kings Cross HQ. Here he talks about what he learned working in the music industry, moving to the epicentre of London’s future industries and finding new creative ‘obsessions’.

Most Read

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy


2018 © Archant Community Media Ltd

Terms and conditions | Cookie policy | Jobs at Archant