The Real Cost of Buying a First Home in Kennington
A first purchase at the £750,000 Kennington average needs about £105,800 in cash, made up of £75,000 deposit, £27,500 stamp duty with first time buyer relief, and roughly £3,300 in fees.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
A first purchase at the £750,000 Kennington average needs about £105,800 in cash, made up of £75,000 deposit, £27,500 stamp duty with first time buyer relief, and roughly £3,300 in fees.
Every pound you need before completion in Kennington
On the local average the deposit is £75,000, stamp duty is £27,500 and fees are near £3,300. Total cash needed is about £105,800.
The £750,000 average is above the £500,000 ceiling, so first time buyer relief does not apply. Stamp duty is the full £27,500. Rates are those in force from April 2025. Confirm the current position on gov.uk before you exchange.
Where the upfront cash goes
The commercial page for this town sets out the introduction itself: Mortgage advice in Kennington.
What you can borrow against local incomes
The costs that start the day you move in
Band D council tax in Kennington is £2,047 a year, which is £171 a month. Add energy, water, insurance and maintenance.
Protection belongs in the same budget. If the mortgage depends on two incomes, it depends on both people staying well enough to earn. That is the part of the purchase we advise on directly.
The Kennington detail first buyers ask about
The schools families ask about here are Walnut Tree Walk Primary School, Vauxhall Primary School, Archbishop Sumner CofE Primary School and Ashmole Primary School. 2 local schools were rated Good or Outstanding overall at their most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Kennington to Waterloo takes about 5 min.
By price, Kennington ranks 93 of the 320 London locations we cover, at £750,000 against a county average of £732,469.
Average prices above £500,000 mean first time buyer relief does not apply on a typical purchase here. Budget the full duty from the start.
What your money buys in Kennington
Kennington is a historic, elegant, densely built inner-south-London district minutes from Westminster.
The full local guide covers schools, transport and the market in detail: Kennington property and area guide.
| Budget | What it buys here |
|---|---|
| Around £450,000 to £700,000 | A one- or two-bed flat, in a Georgian conversion, mansion block or new-build scheme, the more accessible way into the district. |
| Around £900,000 to £1,500,000 | A period terraced house, handsome Georgian or Victorian space close to the Tube. |
| £1,500,000 and above | A large Georgian or Regency house, especially on the Duchy of Cornwall estate or around Cleaver Square, the top of the local market. |
- A historic, elegant inner-London district
- Northern line, plus Oval & Vauxhall close by
- Minutes from Westminster, the City & South Bank
- The Oval, Kennington Park & Cleaver Square
- Duchy of Cornwall Georgian terraces
- A sought-after Zone 1/2 district at central-London prices
- Mostly flats & mansion blocks, not family houses
- Dense, busy inner London with traffic & noise
- Congestion Charge, ULEZ & permit parking apply
- Conservation & listing rules limit alterations
Kennington is known locally for The Oval (Kia Oval). The Kia Oval, home of Surrey County Cricket Club since 1845 and venue of the first Test match in England in 1880, one of the world's great cricket grounds and the defining landmark of Kennington.
Practical detail for Kennington: the SE11 postcode district, Kennington (Northern line, Zone 1/2, Charing Cross & Bank branches, Battersea extension); Oval (Northern) & Vauxhall (Victoria line + National Rail) close by and nearest A and E is St Thomas' (Westminster Bridge) or King's College (Denmark Hill), verify with NHS.
Kennington at a glance
| Upfront cost | Kennington figure |
|---|---|
| Average price | £750,000 |
| Deposit at 10% | £75,000 |
| Stamp duty, first time buyer | £27,500 |
| Stamp duty, standard rate | £27,500 |
| Legal, survey and moving | £3,300 |
| Total cash needed | £105,800 |
| Monthly repayment illustration | £3,946 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Kennington
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Total cash of about £105,800, not just the deposit
- Your stamp duty position confirmed on gov.uk
- A first year running cost budget including £2,047 council tax
- Income protection quoted before completion, not after
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Kennington
Broadband speeds can vary street by street in Kennington, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much money do I need to buy a first home in Kennington?
Do first time buyers pay stamp duty in Kennington?
What is the biggest hidden cost?
How do I check broadband speed at a property in Kennington?
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