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'Best known for the train station of the same name, Victoria has long lived in the shadow of neighboring Belgravia. But with Buckingham Palace, Westminster Abbey, and St James’s Park on its doorstep, the area’s rise from obscurity was inevitable. And now that rise has finally happened'
Housing Prices In Victoria by Chase Apartments
Rightmove has reported Properties in Victoria had an overall average price of £1,460,698 over the last year.
The majority of sales in Victoria during the last year were flats, selling for an average price of £1,131,878. Terraced properties sold for an average of £3,038,367, with semi-detached properties fetching £6,350,000.
Overall, sold prices in Victoria over the last year were 36% down on the previous year and 28% down on the 2014 peak of £2,022,443.
Nestled in-between the charming streets of Belgravia, the powerful, political hallways of Westminster and the Queen's own private residence at Buckingham Palace, Victoria shares its borders with some pretty grand neighbours.
The Schools
London is home to many of the most prestigious private schools in the world, some of which are located close to Victoria. These include Eaton Square School, a pre-prep and prep school for students ages 4-11, or Francis Holland School, an all-girls for junior, senior and sixth-form level students.
Victoria offer's renowned, reputable options for private schooling like the famous Westminster School in Westminster, directly east.
Located in the heart of Belgravia - Chase Apartments has a number for Properties for sale & rent in the Victoria area such as Nova Building, Kings Gate, 55 Victoria Street, Grosvenor Waterside & Chantrey House SW1.
Nova is a Land Securities scheme opposite Victoria station, and its bold pink triangular central building is set to become a landmark. There are 170 flats in the mixed-use development, of which 30 two- and three-bedroom flats and four penthouses are still for sale. The flats are priced from £1.9 million, while the penthouses range from £11 million to £20 million.
Chase Apartments - Top 5 developments to live in Victoria & St James - SW1
- Nova Building - SW1
- Abell & Cleland - SW1P
- St Johns Building - SW1P
- Kings Gate - SW1
- 55 Victoria Street - SW1
Chase Apartments - Sales Market Victoria (Aug - Oct 21)
According to Lon Res the key finding in Victoria by Chase Apartments
- Average flat prices in Victoria are now 12.2% lower they were 5 years ago, with buyers paying £149 less per square foot than they did 5 years ago
- Achieved prices per square foot in Victoria have decreased by 2.3% for flats over the last year, and have increased by 28.9% for houses.
- Properties sold in the last 3 months in Victoria achieved an average price of £920,109 for flats and £3,095,000 for houses.
Chase Apartments Lettings Market Victoria
According to Lon Res the key findings are as follows;
- Rental values in Victoria averaged £706 per week for flats and £3,677 per week for houses over the last 3 months.
- Properties let over the last 3 months in Victoria achieved an average of £44.72 per square foot per annum in rent, up from £40.40 at the same time last year, and up from £37.52 6 months ago.
- The number of properties let over the last 3 months in Victoria was down 31.3% versus the same period last year, but up 3.8% from 3 months ago.
- Achieved rental values rose by 10.7% in Victoria compared to the same period last year, and rose by 19.2% versus 3 months ago.
Please call Chase Apartments on 0207 722 5022 or email info@chaseapartments.com for more information on the Property Market in Victoria SW1
Chase Apartments, Belgravia, Grosvenor Waterside, 32 Gatliff Road, London, SW1W 8QN