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 â€œDutch styleâ€ 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.
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.
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
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For property sales and letting in Knightsbridge, get in touch with Estate Agent Marler and Marler today.