Knightsbridge Property – Do you know the Facts and Figures?
Knightsbridge is a residential and retail district in London, bordering on Hyde Park, specifically on the south side of the park. Along with the West End, Knightsbridge is known as one of the two retail centers internationally.
Knightsbridge is an upscale area which has large Victorian homes combining this with high end retail shops and restaurants.
Property, can be a very lucrative investment or an excellent residential home, here are just a few property facts about the area of Knightsbridge;
Properties in and around Knightsbridge Station had an overall average price of £5,953,550 in the last year.
The property type that sold the most in the last year was flats, with an average selling price of £5,139,471. Terraced properties had an average selling price of £10,566,667.
Overall, sold prices around Knightsbridge Station over the last year were 245% up on the 2004 peak of £1,725,000.
In the SW1X postcode, over time the top 5 most expensive streets are: Grosvenor Crescent, Montrose Place, Chesham Place, Cadogan Gate, and Belgrave Place with prices ranging from £6m to £20m.
In the same period the 5 least expensive streets have been: Kinnerton Yard, Park Mansions, Kinnerton Place North, Old Barrack Yard, and Park Close prices have ranged from £900k to £1.8m.
This shows that the area of Knightsbridge has potential for all Ultra High Networth Individuals and High Networth Individuals, if you would like to purchase trophy assets or just want to increase your portfolio.
Disclaimer: This blog was made before the current world wide pandemic (Coronavirus), and we expect the figure below to change after.