London’s most expensive rental home on the market | moneyfacts.co.uk

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Michael Brown

Content Writer
Published: 11/04/2022

At £173,333 per month, this detached house has seven bedrooms and six bathrooms.

Located in Westminster is London’s most expensive long-term rental property which is listed to a portal and publicly viewable. Securing this detached house will set you back £173,333 per calendar month, according to research from rental platform Rentd.

“There are some truly incredible homes available to rent the length and breadth of the capital and a single month’s rent will set you back what most of us earn in a year, or even five,” said Ahmed Gamal, CEO and Founder of Rentd.

This property has seven bedrooms, six bathrooms, a private cinema, spa, sauna, gym, games room, heated swimming pool, and bar. At 16,500 square feet, there is even room for staff quarters and private parking.

Specifically located in Mayfair, this property is a short walk from Kensington Palace Gardens and Hyde Park. It is also placed close to the A4 which connects London to Heathrow Airport.

While there are two other listings in London which are more expensive than this home on Brick Street, they are only available on a short-term basis.

Photos of this property can be found via The Cloister website

Council tax bills in London

While Rentd could not find the council tax bill for this specific detached house, it did provide a total charge of £1,728 per year for the most expensive property in Westminster.

This was broken up into £937 for the Westminster council and £791 for the Greater London Area.

By contrast, the average council tax charge for a residence in Westminster stood at £936, making it one of two London boroughs to record this average under £1,000.

The most expensive average council tax charges in the capital city come in Richmond-upon-Thames, which charges an average of £2,130 per dwelling.

In contrast, the average council tax in England stands at £1,493 for the 2022- 2023 year, according to the Government’s website.

Other expensive properties and their boroughs

For those with a taste for luxury accommodation, the average rent for such property in London stands at £23,839, which is £149,494 less than the house on Brick Street.

There are currently eight boroughs in London where the most expensive property to rent is over 1,000% more expensive than the average monthly rental amount. These include Westminster, Barnet, Camden, the Royal Borough of Kensington & Chelsea, Richmond-upon-Thames, Southwark, Hammersmith and Fulham, and Wandsworth.

The Royal Borough of Kensington & Chelsea is home to the highest average rental cost in London at £2,712 per month, which is £1,138 more than the average rent in London.

This borough’s most expensive apartment to rent is set at £86,667 and includes six bedrooms, reception room, drawing room, media room, dance studio, swimming pool, cloakroom, utility room, and storage vault.

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