It’s been well documented that buying a property in London is more expensive now than ever before. But that’s still not deterring thousands of buyers from overseas who are dazzled by its bright lights, culture and iconic sights and sounds.
Westminster, right in the heart of the capital, offers plenty of opportunities for affluent buyers who are looking for a great investment opportunity. Westminster estate agent, Andrew Reeves says, “There’s something for everyone in Westminster and it’s the perfect location if you’re looking for a true taste of London life.”
Far more than just home to Big Ben and the Houses of Parliament, as a borough Westminster spans a huge amount of the capital from the West End to the border of Kensington and Chelsea, all the way up to Kilburn in the North of London.
As one of the most exclusive areas in London, Westminster is instantly recognisable as the hub of the capital with its magnificent buildings set against a backdrop of the River Thames. Home to the Prime Minister and famous for Royal weddings, political debates and the London Eye, Westminster is rich with history and one of London’s most popular tourist destinations. It’s one of the best connected areas of London too, with regular tube and bus services all over the city.
For places to eat and drink you’ll be spoilt for choice, and there isn’t much better than sipping a good wine by the Thames as the sun goes down. Proskips says “With plenty of great schools, employment opportunities and green spaces it’s easy to see why so many people choose Westminster as their preferred place to set up home in.”
In keeping with the grandeur of the Houses of Parliament, much of Westminster’s architecture is imposing, large and elegant. The City of Westminster itself is scant with residential properties as much of the area has been taken over by civic and public buildings, but Victoria Street and Vauxhall Bridge Road are popular residential areas in the city. The broader London Borough of Westminster takes in everything from Pimlico and Marylebone to the Millbank Estate which offers a multitude of compact apartments. Just around the corner is the Tate Britain, and there are countless museums and parks throughout the entire borough.
Because the Borough of Westminster covers such a large area, property prices are very varied. In Maida Vale you can expect to pay upwards of £900,000 for a three bed house, whilst a similar home in Pimlico can reach over a million. But there are still some bargains to be found if you look close enough-“Kilburn, some of which comes within the Borough of Westminster, has been part of a major regeneration project but is still much cheaper than some other parts of the borough. It’s possible to find a lovely three bed in this area for around £600,000- still not cheap compared to the national average but certainly more affordable than other parts of Westminster.”