Published: 04/10/2016Pimlico and Victoria, situated in the Westminster City Council borough, are in the heart of Central London, with Victoria known to be one of London’s busiest transport hubs. The district is generally delineated to the north by the train and international coach stations on Buckingham Palace Road and runs south and east from here to the River Thames. Consisting predominantly of commercial property and social housing, with offices and shops, including a major shopping complex at Cardinal Place, lining most of the thoroughfares, it is fast becoming one of the most desirable areas of London to live and invest. The opportunity to buy or rent private residential homes in the area has increased by virtue of the many new residential developments, which have helped to make this a more attractive area to live. The Victoria Street project plans to rid the high street of drab office blocks and bring in homes, soft landscaping, open courtyards, squares and passageways. By 2019, up to 800 new homes on long leases will have been built.
In Pimlico and Victoria you will find plenty of large green spaces along with various squares and small parks. Besides the green spaces the riverbank is filled with public spaces and seating, offering fantastic views across some of London’s most iconic scenery.
Pimlico and Victoria further benefit from an array of services including shopping parades, local theatres and a vibrant restaurant culture. Victoria’s central location means you are within walking distance of many of London’s most famous tourist sites such as Buckingham Palace and Green Park. Victoria has many restaurants and bars, along with useful shopping on Victoria High Street and Victoria Station including Sainsbury’s, Marks & Spencer and House of Fraser. In addition to these major retailers, Pimlico has a number of unique boutiques, niche shops, a vintage clothes shop and a small daily market. A weekly Farmer’s Market takes place every Saturday between 9am – 1pm, offering a great opportunity for the local residents to pick up handy cooking tips and recipes. Further cafes, pubs and restaurants, including some of the best in London, can be found in nearby Belgravia and Knightsbridge.
Current rental prices in Pimlico and Victoria average up to £621 per week for flats and £723 per week for houses. In terms of sales, average prices in Pimlico and Victoria are now 66% higher than they were 5 years ago, with buyers paying £503 more per square foot in comparison to 2011.