Westminster Area Guide

Westminster is one of the two London boroughs that can boast a ‘city’ status and is dominated by some of London’s most beautiful architecture, historical attractions, and iconic areas.

Westminster is one of the two London boroughs that can boast a ‘city’ status and is dominated by some of London’s most beautiful architecture, historical attractions, and iconic areas. Running along the Thames to the south, and with the City to the east and Kensington and Chelsea to the West, Westminster’s prime location has made it one of the most expensive areas to live in London. This affluent borough, which includes Mayfair, Soho and Paddington, is home to the iconic landmarks of Big Ben, the Houses of Parliament and the London Eye, and is both the centre of UK politics and a natural tourist hotspot.

Property market

£1,004k Average house price
£3,040 Average Rent, 2 Bed
4% Average yield
4% Price growth over last 5 years
20% Price growth 5-years forecast
26% Rental growth over last 5 years
15% Rental growth 5-years forecast

Lifestyle

10 Number of ‘Outstanding’ primary schools
8 Number of ‘Outstanding’ secondary schools
1890 Restaurants and cafes
3670 Number of shops
29% Proportion of open space
36 Number of stations
6a PTAL (Public Transport Accessibility Level)

Westminster is incredibly well-connected and is served by most Underground lines as well as main railway stations including Charing Cross, Marylebone, Paddington, and Victoria. Visitors to Westminster can enjoy art and culture in the world-class West End theatres, the Royal Opera House, Somerset House, and the National Gallery – before shopping in some of the best retail spots in London. Oxford Street, Covent Garden, Mayfair, and Soho all deliver with an eclectic mix of edgy boutiques, high street names, vintage stores,  and high-end luxury brands.

Despite the borough’s central location, it boasts some of London’s most admired green spaces including Regent’s Park, Hyde Park, and St James Park, while the on-trend bars and busy nightclubs transform Westminster in the evenings while reeling in the rich, famous and appealing to the younger than average population.

 

Insights

 

  • Average house prices are 95% higher than London average
  • Average rent for a 2-bed flat is 70% higher than the London average
  • House price growth over the last 5 years was 4%, lower than London at 10%. However, over the next 5 years, house price growth is expected to be 20%, higher than London at 19%

  • Average asking rents grew 26% over the last 5 years, higher than London at 14%
  • Over the next 5 years average rents are predicted to grow by 15%, higher than London at 14%
  • 26% of the borough's primary schools are rated as outstanding by Ofsted, in line with the London figure of 27%
  • 228 restaurants and cafes per square mile, significantly higher than the figure for London of 24.29
  • 443 shops per square mile, significantly higher than the figure for London of 73.48

Over 95% of tourists in London visit Westminster. Westminster is home to more than 11,000 listed buildings of special historical or architectural interest.

My favourite place in London is Marylebone High Street. Close to, yet nicely tucked away from, the bustle and tourists in Oxford Street, is this charming village-like high street. Beautiful buildings and proper storefronts are home to a variety of boutique shops including the quintessentially British Emma Bridgewater.

London boroughs

Use the map below to find out what the other boroughs in London have to offer:

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Disclaimers

 

  • Average 2-bed yield is calculated by REalyse using median 2-bed asking rent and median 2-bed sales prices.  
  • Rental growth over the last five years is for all property (not 2-beds).
  • All data is the latest available as of January 2022.
  • PTAL – Transport for London's (TFL) Public Transport Accessibility Levels (PTALs) are a detailed and accurate measure of the accessibility of a point to the public transport network, taking into account walk access time and service availability. Each area is graded between 0 and 6b, where a score of 0 is very poor access to public transport, and 6b is excellent access to public transport.

 

Sources

 

  • Average Price – ONS, October 2021
  • Asking rent – Realyse, December 2021
  • Yield – Realyse, December 2021
  • House price and rental forecasts – CBRE Research
  • Outstanding primary and secondary schools – OFSTED (December 2021)
  • Number of cafes and restaurants – ONS (2020)
  • Number of shops – ONS (2021)
  • Open space – GiGL (2015)
  • Number of stations – TfL (2015)
  • PTAL – TfL (2015)