Apartments for sale in Westminster, London
Westminster is an area in the southwestern part of London, on the left bank of the Thames, one of the cultural centers of the capital. The area with a rich historical heritage is linked with the political life of the country. It houses not only prestigious property in London, but also many government buildings. The foundation date of the district is associated with the construction of its main attraction - Westminster Abbey. Apartments in Westminster for foreigners allow you to see with your own eyes a historical monument erected in the 7th century.
The housing in Westminster is represented by a variety of types of real estate. Many examples of Victorian and Gregorian architecture have been preserved here. Most mid-rise homes include apartments with high ceilings. There are also new buildings in the area. You can buy an apartment in Westminster, London, England, UK, with a different number of bedrooms as well as one- or two-level penthouses. The average cost of local apartments is €1.2 million. A one bedroom apartment can be purchased for €570,000.
Benefits of Westminster
Among the advantages of Westminster are well-developed transport links, as well as affordable housing prices. Compared to some areas of the city, here apartments in London are cheaper. For example, in Kensington, the average cost of apartments is €1.7 million. There are many attractions in the area, including:
- Trafalgar Square with a monument to Admiral Nelson.
- The Palace of Westminster with the legendary Big Ben or Elizabeth Tower. The architectural monument is included in the list of UNESCO World Heritage Sites.
- Westminster Abbey, which has become the burial place of many poets.
The main tourist attractions are concentrated at a close distance from each other, which allows you to get acquainted with them without using transport.
Lifestyle in Westminster
The cultural and political center attracts not only internal migrants. Flats for sale in Westminster are equally attractive for foreigners. Representatives of different ethnic and religious communities live here. The area is characterized by a mixture of cultures and languages. Over 19% of the residents are foreigners.
The active reorganization of the area and the transfer of the commercial property to residential contributed to the development of infrastructure. There are many shopping centers, entertainment venues and social facilities here, which makes life comfortable. The area is suitable for a wide social audience. It is popular with families with children, as the most prestigious schools in London with a long history are located in Westminster.
Apartment prices in Westminster
The cost of apartments in Westminster depends on how prestigious the project is and the area of the apartment. In new projects, four-bedroom units are offered at a price of €3 million. A designer penthouse overlooking Big Ben can be purchased for €7 million. Resale options are cheaper. The average price of a pre-owned one-bedroom apartment is €630,000. The cost of two-bedroom apartments starts from €1 million. A wide range of property prices on the local real estate market allows you to choose housing for different budgets.
Investment apartments in Westminster
London is characterized by a steady rise in house prices. The cost of apartments in Westminster is capitalized annually. Buying property in one of the largest metropolitan areas in the world allows you not only to save money from inflation, but also to increase it. You can buy-to-let property or invest in an apartment in Westminster for further resale. It is most profitable to buy housing at the initial stage of construction. When it is move-in ready, it grows in prices by 10-15%. The ROI for new properties reaches 10% per year.
We will help you buy an apartment in Westminster
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