Written on 14 September 2015 by Alistair Boscawen in London
Being aware of the square foot price and the long-term performance of every street in prime central London is key to making the most of rising property values.
The average price of a residential property in London’s two most exclusive districts – the Royal Borough of Kensington and Chelsea and the City of Westminster – ended last year 10.4% higher at £1,773,337.
But even in this tiny area of just six square miles and fewer than 200,000 households, prices and long-term growth vary enormously.
With average prices in Knightsbridge’s top postcodes around the £6m mark, some commentators are reporting that central London’s centre of gravity is shifting from these traditional enclaves to the City of Westminster, home to the likes of Buckingham Palace and the Houses of Parliament.
Here at Best Gapp, we recognise that some property investors are looking at future investment hot-spots with average prices under £1m, such as Northern Bayswater and Pimlico Thames-side.
But as a Belgravia estate agent we consider the areas of London that have long delivered consistently good returns are still a good investment.
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