Philip Eastwood, Head of London at The Buying Solution, talks to City AM about Pimlico.
Pimlico presents buyers with the best of both worlds – an opportunity to live in a traditional part of the capital and benefit from good value as well as potential price growth. According to Philip Eastwood, Pimlico is still viewed as one of the capital’s great addresses and on certain streets it offers buyers better £ per square foot value than Chelsea and Belgravia.
“It’s has hugely benefited from the on-going regeneration in Victoria and as a result has seen an uplift in popularity and desirability. Location wise it’s always been superb and well positioned in central London along with river access, but for various reasons it is often overlooked.
“Its housing stock remains impressive: good quality architecture and high ceilings. However the properties do tend to have smaller gardens, often just a terrace or courtyard, which can be a downside for buyers. But if buyers are fortunate to purchase a home on one of Pimlico’s iconic garden squares then they have the best of both worlds. Warwick Square remains extremely sought after and a large apartment here will reach around £1,300 per sq. ft.
“Over the years we’ve seen parts of Pimlico be encroached by neighbouring Belgravia. Pimlico Road for example has now become a destination for Belgravia rather than Pimlico itself, but it is still very much at the heart of Pimlico’s village triangle along with Orange Square.”
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