Property Management in the City of Westminster

Westminster is a prestigious city and borough in Inner London. It has been the seat of government in England for over one thousand years. Many of the City’s most famous sites have grown up around it, making it both the cultural and political centre of London.

LOCATION AND LEGACY

In the 11th century, the Collegiate Church of St Peter was named ‘west minster’ to distinguish it from the nearby ‘east minster’ of St Paul’s Cathedral. The label stuck and the church became known as Westminster Abbey whilst the surrounding land was named Westminster.

It lies on the north bank of the River Thames at the heart of London’s West End. The City of Westminster is flanked to the west by Kensington and Chelsea and to the east by the City of London, and belonged to the historic county of Middlesex.

THE CITY OF WESTMINSTER TODAY

The City of Westminster as we know it today, was established as a borough in 1965 by the amalgamation of the boroughs of Westminster, Paddington, and St. Marylebone. It encompasses the districts and neighbourhoods of  St. John’s Wood, part of Maida Vale, Paddington, St. Marylebone, Bayswater, Soho, Mayfair, St. James, Knightsbridge (in part), South Kensington (in part), Westminster and Pimlico.

Many well-known London landmarks are within the borough, including Buckingham Palace, Westminster Abbey, Whitehall, Westminster Cathedral, 10 Downing Street, and Trafalgar Square. It has a permanent population of over 200,000.

The Property Landscape

The City of Westminster is not only the site of some of the finest and most historically important buildings in England, but also features some of the most desirable residential properties.

Queen Anne and Georgian houses can be found tucked away in Old Queen Street, Queen Anne’s Gate and around Smith Square. There are imposing blocks of mansion flats and luxury flats in the streets around Westminster Cathedral. There are also a surprising number of estates of social housing such as the Arts and Crafts Millbank Estate close to Tate Britain.

One of the biggest benefits of living in Westminster is the location, in the center of it all. There are a myriad of choices for bars, restaurants, shopping, and transport. Despite the central location, it boasts some of London’s most admired green spaces including Regent’s Park, Hyde Park, and St James, making it an exciting, varied and inspiring place to live.

THE IDEAL PLACE TO RENT

Given the proximity to the city centre and all that London has to offer, Westminster is a highly desirable place to live. Whilst prices are, not surprisingly, high on the top end (the average property prices is £910,287), it still possible to find more affordable accommodation amongst the chic flats and bijou studio apartments. Renting is very popular making central London-living a feasible option. For Landlords, the yields are attractively high.

For those living in Labour-run Westminster, the Council Tax has been frozen for 2023, ensuring that the city has one of the lowest rates in the country. Excellent transport links makes car ownership unnecessary. Westminster Tube Station is served by the Jubilee, Circle and District lines and provides a direct link to all parts of the capital. Travelling in Zone 1 is very affordable via tube and bus, or hire a Santander cycle or Lime scooter, for a convenient pick up and drop off where you please.

MIH Property Management in Westminster

MIH has expertise in managing block and residential property in the Westminster area. We are renowned for our attention to detail, extensive knowledge of leaseholds and legal matters, and trusted for our responsive service. Whilst we provide the expected building management services, we can also tailor our offering to suit more specific demands, creating a bespoke and refined solution that is appreciated by our clients.

call 020 3637 7968 or email info@mihproperty.co.uk for more information