Knightsbridge Area Guide

The Knightsbridge Area

Knightsbridge is largely known for the exclusive designer stores in Sloane Street including the world famous Harrods, as well as high quality restaurants and hotels. Lying south of Hyde Park, offering 350 acres of green space; north of Sloane Square and east of Sloane Avenue and a short distance from the West End and the City. 

Type of property in Knightsbridge

The properties are a mix of period white stucco fronted houses such as found in Cadogan Place and the red brick “Dutch style” such as found in Cadogan Square and Hans Place. There are much sought after mews houses which originally doubled as the living quarters for the grooms and horses who were employed by the larger family houses on the garden squares. There are also many mansion blocks built in the Victorian and Edwardian era and the more modern purpose built blocks found along Sloane Street. New top-end developments offering lateral space and in some cases 24 hour security and underground parking can be found along the roads surrounding Hyde Park.

Rental values

The demand for rental property continues to be very strong in the SW1 and SW3 areas and shows no sign of letting up, this impacts on rental values.

Sales values 

The continuing trend of high demand and low supply looks to be here to stay in Knightsbridge, pushing prices ever higher. Money from all over the world continues to fuel the market.

Type of Tenants renting in Knightsbridge

For many international tenants to live or have a base in London is important for business .There will always be demand for refurbished property generally taken up by international tenants. There are also a large number of local people who prefer to rent rather than buy in the area, who will pay a premium for the right property in the right area. Knightsbridge attracts a large number of families due to the number of independent schools and large properties that can be found in this area.

Type of Landlords in Knightsbridge

Foreign investment purchasers are still looking for rental investment viewing London as a safe haven from the current political and economic turmoil of the world and over the last two years rents have risen between 8% and 10%. The over all demand for rented property is still very high and it will, in our opinion, remain a favourable market for landlords. For the long term rents may stablise but investors will not loose out in Knightsbridge. 

Types of buyers and sellers in Knightsbridge

The majority of buyers and sellers in the area tend to be from overseas; many from the Middle East and Russia and other parts of Europe and the Far East. Many of these buy simply to have a central base in London and all see the area as an excellent long term investment. Although rental yields tend to be low in Knightsbridge, many buy property and rent it out as the capital growth has traditionally been so good.

Council Tax Rates for City of Westminster

BandWestminster Council TaxGLA TaxTotal
A £251.83 £202.00 £453.83
B £293.80 £235.67 £529.47
C £335.77 £269.33 £605.10
D £377.74 £303.00 £680.74
E £461.68 £370.33 £832.01
F £545.62 £437.67 £983.29
G £629.57 £505.00 £1,134.57
H £755.48 £606.00 £1,361.48


http://www.westminster.gov.uk/services/.../councils/counciltaxandfinance/bands/

Get in touch with Estate Agent Marler and Marler today to enquiry about properties in Knightsbridge.

Interested in property in other areas of London? Why not try Putney, Battersea, or Earls Court

Knightsbridge News

Posted by Marler and Marler
 on 2019-07-24 14:05
A newly refurbished studio apartment in this smart portered building. The flat is situated quietly at the... View full article 
Posted by Marler and Marler
 on 2019-07-24 14:11
A truly unique penthouse (eighth floor) apartment, having the most fantastic views both north over Hyde Park... View full article 
Posted by Marler and Marler
 on 2019-07-24 14:11
A stunning contemporary style three bedroom apartment (with lift) in this small development just south of the... View full article 
Posted by Marler and Marler
 on 2019-07-24 14:12
A modern four bedroom mews house in Knightsbridge equidistant from Knightsbridge and Sloane Square... View full article 
Posted by Marler and Marler
 on 2019-07-24 14:13
A spacious three bedroom apartment on the first floor (with lift) of this portered block in Chesham Street.... View full article