Whether youre drawn to London for its high-quality properties, world-class entertainment and leisure facilities or you just enjoy being in one of the most iconic cities on the planet, our fair capital is a great place to live. If you are moving to London for the first time or you already live here but are looking to move, I think its worth seeking out properties in the citys prime districts.
Many of these are situated in the heart of London, so by coming here youll be close to famous tourist attractions and be at the heart of the citys fantastic public transport infrastructure. With this in mind, it should be no surprise that property prices in these regions are substantially above than other parts of the capital.
To find out more about Londons affluent areas and to gain an idea about some of the places in the city where you may like to live, read on.
Chelsea
Located in west London within the Royal Borough of Kensington and Chelsea, Chelsea is perhaps the very definition of a prime property area. Indeed, the average home in the district, according to the Land Registry, was priced at some £1.4 million by the end of March 2012. That said, you can easily pay much more for a flat if you want, often up to £5 million and even higher for three-bedroom residences.
Much of the region is situated within the prestigious SW3 postcode area and by buying you can expect to be in good company, as Hugh Grant and Bernie Eccleston are just some of the celebrities to live in the district.
Belgravia
Near Chelsea is Belgravia, a district that contains an equally fantastic range of high-value homes. In fact, it is thought to be one of the most expensive residential areas in the entire world and when you consider the fact the average home is valued at more than £1.2 million, according to estate agents Foxtons, its not hard to see why.
Live here and youll be close to some of the citys most famous attractions, including Buckingham Palace and Hyde Park, as well as top educational establishments such as Hill House School and Eaton Square School.
Knightsbridge
I think Knightsbridge is also a great place to buy a home if you want to be in a centrally-located prime London district. Three-bedroom flats are usually priced in excess of £7 million here, so if youre keen to be in an affluent neighbourhood this is one area worth considering. Youll also find a number of upmarket stores, perfect if you enjoy going shopping. Among the outlets here are Harvey Nichols and Harrods, both of which are among most famous and exclusive department stores in the world.
Whichever affluent London district you are looking to buy a home, it is vital that you take out a comprehensive level of insurance. The very fact youre purchasing in a prime region means youll be spending millions of pounds on a property, so its definitely an investment youll want to protect. This is why it is important to invest in a high net worth home insurance policy. With this in place, you can rest assured that your house will be adequately covered, not only in the physical structure itself, but also its internal fixtures and fittings, along with any assets included in and around your residence.
Are you looking to buy a property in one of Londons most affluent areas?
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