Westminster
It should not be confused with the city of Westminster. The region of Westminster went from River Thames to the old Roman Road to Oxford Street in older centuries. Today, it lies between the Thames river on the South, Green and ST James Parks on the north, and the A3202 on the west.
This section of London holds Soho, St James, Mayfair, Covent Garden, Pimlico, Victoria, Belgravia, and Knightsbridge. It is part of the city of Westminster which combined with Paddington and Marylebone to make a larger city.
Within Westminster's governing area are the buildings of kings, queens, famous preachers, and politicians. It holds the Palace of Westminster, Buckingham Palace, Westminster Abbey, and Westminster Cathedral.
When you get tired of touring the official buildings of the City of London, you can take a break on the west end of Westminster to relax by doing lots of power shopping or being part of the entertainment audience.
It is said that the area of Westminster has been the seat of power since about the 7th or 8th centuries AD. William was crowned here in 1066 AD. There is a healthy mix of old and new properties in this region.
The 20th century saw more residential apartments built here as well as other buildings that offer military support to the royal family and other politicians.
Westminster Real Estate Values
The average home prices in this region do not do the wealthy homes any justice. Many homes and flats are selling in the mid to high 8 figures, with many hiding their property value.
When it comes to the average real estate values, you will find flats listed at around £900,000 and detached homes will have a value of less than that at £800,000 approx.
The average semi-detached values are listed at £1, 175,000 while the terraced homes have an average value of about £2,500,000 approx. In the last 20 years or so, some homes' values have tripled going from £500,000 to roughly £1,500,000.
St. James in Westminster there is not a home or apartment selling for less than £3,000,000. This goes for other areas in this neighbourhood as well. In Westminster proper, you may not find a home valued at under £1,000,000.
Quite a few are selling in the mid to high 7 figures making it a very expensive area to have a home or an apartment. It will take some doing to find a home that will fit your budget and an experienced estate agent can help you do just that.
Finding A Home In Westminster
It will depend on where you want to live. There are some really nice homes in the lower 7-figure category and some grand homes in the 8-figure category. Finding the right home for you takes a lot of guidance from experienced estate agents and estate agencies.
Our firm has over 10 years of estate buying and selling experience including in the high-class area of Westminster. Our agents are highly trained and know what to look for when you hire them to help you do your home search.
All you have to do is call or stop in at our office and ask your questions. Our professional agents will make sure those questions are answered and get you on the right track to finding a great home for you and your family.
When you have our knowledge and experience on your side, you should not have trouble finding a home. There are a lot of them on sale in Westminster right now. Call now before you lose your chance at your ideal home.
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