Property for sale in Westminster, London
Westminster is an ancient district in downtown London, on the north bank of the Thames. This is where some of the most iconic landmarks in England are located, such as the British Parliament with Big Ben, the Royal Parks (St. James’s and Green Park), Westminster Abbey, Trafalgar Square, and Buckingham Palace. Residents of real estate in Westminster have famous museums and numerous theatres on their doorstep. This area used to be a city in its own right, which is still reflected in its official name, the City of Westminster.
The Borough of Westminster is rich in history. In 1295, the first official English Parliament assembled here, and in 1649, a king (Charles I) stood trial in the same building for the first time in the European history. Today, Westminster is among top tourist destination in the world. About 250,000 people call it their permanent residence. If you are planning to buy property in London, Westminster is definitely one of the most exciting options.
This borough includes several residential communities, such as Soho, St James, Mayfair, Belgravia, Pimlico, Bayswater, St John’s Wood, Maida Vale, and Marylebone. Each of them has its own unique features and advantages.
Advantages of Westminster
Properties in Westminster, London, England, United Kingdom include several important historical buildings included in the UNESCO World Heritage Fund. These are:
- Westminster Abbey, the most important religious building in the United Kingdom, a burial site of many prominent people (including British writers), and an operating church
- Palace of Westminster, or the Houses of Parliament, where members of the House of Commons and the House of Lords meet
- St Margaret’s Church, a late Gothic church on the grounds of Westminster Abbey
The Beatles opened their Apple boutique in 1967 nearby, on Baker Street, which also houses the Sherlock Holmes Museum at 221b – a world-famous tourist destination. The roof at 3 Savile Row, above the former Apple store, was the place where the Beatles performed for the last time in 1969.
Cafés, bars, restaurants
There are thousands of restaurants in West End to suit any taste and budget. Lifestyle in Westminster facilitates attending tapas bars and burger joints in Soho, which houses many famous establishments, including Rules, London’s oldest restaurant. It is located in Covent Garden, which was the preferred site for theatrical productions and literary performances for centuries. The menu in Rules features classic British dishes, such as pies, puddings, poultry, and seafood.
Chinatown is a Chinese neighborhood in the heart of Soho, an entertainment district. There are many traditional Chinese restaurants around.
Veeraswamy is London’s oldest Indian restaurant with an opulent dining hall overlooking Regent Street and offering a menu with reinvented regional classics.
There are many famous pubs in Westminster, including Ye Olde Cheshire Cheese on Fleet Street. It was a favorite of the writer Charles Dickens who described it in The Tale of Two Cities.
Another authentic pub built in the 17th century is Covent Garden’s Lamb & Flag. May Fair Bar at the eponymous hotel and the Grand on Piccadilly are also well worth a visit, as are Claridge’s Bar in art deco style and the legendary American Bar at the Savoy. For foreigners seeking a more relaxed environment, Termini Bar on Old Compton Street is a great choice. This is a fashionable cocktail bar and coffeehouse.
Culture
Westminster is the heart of London where many major cultural and art facilities are concentrated. The most famous are:
- The National Gallery
- The National Portrait Gallery
- The Wallace Collection
- And many small commercial art galleries on New Bond Street
If you buy real estate in Westminster, you will be able to attend many major festivals in Hyde Park, including annual British Summer Time concerts where some of the world’s most popular musical bands usually perform. Open-air concerts are held at Somerset House in summer, while from November to January its central court turns into a winter wonderland.
Local landmarks
Marylebone Farmers’ Market takes place every Sunday. It was among the first of its kind in London. There are usually about 40 stands offering fresh produce and street fast food.
The beautiful well-lit wood-paneled halls of the elite Liberty Department Store were built of logs from battleship hulls in the 1920s. Located near Regent Street, this store is a treasure-box of jewelry, accessories, artworks, and the world-famous Liberty fabrics – almost reason enough for buying property in Westminster for expats.
Green areas
Westminster is home to four of the Royal Parks, i.e. Regent’s Park, Hyde Park, Green Park, and St James’s Park. All of them are immaculately clean and feature trimmed lawns, woody areas, lakes, duck ponds, and cafés just a few steps away from London’s bustling central streets. Little Venice is another charming place for walking. It is surrounded by picturesque canals and waterways just to the north of Paddington Station.
Property types and prices
Ancient terraced townhouses form marvelous arcades in Marylebone and Mayfair. Houses in London, particularly in these neighborhoods, are among the most expensive ones in the country. Real estate for sale in Westminster includes both majestic mansions of the Victorian era and recently built luxurious residences.
Pimliko is close to the Palace of Westminster, so it is frequented by Parliament members and state officials. Here, you will find numerous charming mansions from the early 20th century, as well as a small quantity of properties for sale in Westminster that used to be municipality-owned. In the north of the district, in Maida Vale and St John’s Wood, the development is dominated by single-family houses. These are Victorian villas and large townhouses.
Property prices in Westminster
If you wish to buy property for investment in Westminster, the average selling price of a residential unit in 2022 is €1,233,647.
Prices depend on the property type:
- Detached house: €928,661
- Semi-detached house: €1,372,550
- Terraced house: €3,024,836
- Apartments in London, specifically in Westminster: €1,048,583.
Investment property in Westminster
With this district’s unique location, huge popularity, particularly among tourists, numerous cultural landmarks, and wonderful facilities, real estate investment in Westminster is a wise decision. The rent in this borough ranges from €467 to €2,569 per week depending on the number of rooms and the type of property. Real estate in this district never goes down in value, so such a purchase will protect your money from inflation and grow your capital. If you would like to invest in Westminster property and see a profit, our professional team on the London website will gladly assist you.
Buy property in Westminster
A wide selection of listed real estate from developers and agencies, ranging from studios to luxurious mansions, is regularly updated on the London website. Visit it to view detailed descriptions, photos, and current prices in euros and dollars for those who are interested in investing in real estate in Westminster. Both experienced businessmen and investors and first-time home-hunters can receive a consultation on all matters related to purchasing properties in London, specifically for expats. Our experienced team members will assist you in selecting a home to meet your needs and walk you through all stages of purchasing and selling in the London real estate market.