It’s A Great Investment Neighbourhood
Property values for this nice section of London have doubled in and in some cases tripled in value over the past 15 to 20 years. It is also placed in a nice area with Kensington Gardens and Hyde Parks on the southern border, Notting Hill on the west, the A5 on the east, and the A501 on the North.
Inside are some great homes that rise in value every year it seems. Its residents have also created a melting pot of cultures as they include Malaysians, Greeks, French, Americans, Brazilians, Italians, Irish, Arabs, and many others. Not to forget the English.
It Is Famous For Its Famous People
When you buy a home here, you are not just buying property in some anonymous neighbourhood. Bayswater has been home to a variety of famous people.
Tony Blair, Winston Churchill, Queen Noor of Jordan & Umaru Dikko cover the political area. Then on the art side of life, there is Stella McCartney and Keira Knightly. J.M. Barries and Paul Johnson.
Not to be left out, Roger C Field, Guglielmo Marconi, and Francis Guthrie represent the scientific side of life. Unfortunately, Bayswater also hosted Carlos the Jackal for some time. These are only a few famous people.
Bayswater has been mentioned in 2 of Le Carre’s works as well as represented in a number of films and other novels.
Bayswater Real Estate Value
Its City of Westminster, West End of London location means that a bargain price for a home is going to cost you about £1,000,000 or slightly more. Most semi-detached homes on average were selling for just over £3,300,000.
The terraced and flat options were selling on average at £2,900,000 & £1,400,000 respectively. While these prices may seem low when compared to more luxurious neighbourhoods, those prices were a 9% increase over the previous year’s sales.
These prices do not mean that you cannot find some grand flats, apartments or houses for more than 10,000,000. The most expensive housing is on the market for 23,000,000 and it is in need of modernization.
You will also find quite a selection of homes selling for 8 figures in this area. On the flip side, there are homes and flats selling for under £500,000. Their price does not take away
from the elegant look of their exteriors or interiors.
It Is A Sophisticated Neighbourhood
Bayswater is not just for anyone. You will need to have a taste for antiques and sophisticated living as the neighbourhood is filled with antique shops. This area holds the largest antique market in the country.
It also has other shops, restaurants, and more along its cobblestone streets. You get a feel of old Britain when you walk those streets. It is no wonder the real estate values have reason over the years. It is a charming community that keeps the history of the country and city alive.View Properties in Bayswater