Where are the best places to invest in 2017? Safe streets near good transport links with attractive properties that will continue to prove popular with buyers? They may be enchanting courtyards with privacy and peace, or secluded streets near London’s bustling shops.
Our experience of operating in the area for 66 years, has helped us pick hotspots across Belgravia, Kensington and Chelsea that offer long-term potential.
Sales of prime London property are bouncing back, with the number of offers standing at its highest since the EU referendum. If you have been thinking about investing in the area, now is the time to start.
Kinnerton Street, London SW1X
Kinnerton Street has proved popular with Henry & James clients over the years. It’s a pretty street full of beautiful mews houses that are punctuated by two local pubs (The Nags Head and Wilton Arms). It is close to The Berkeley Hotel, Harvey Nichols and about 10 minutes from Harrods. Nearby on Knightsbridge, the area is being redeveloped.
- Property prices: the average property price on Kinnerton Street is £1.7m. Homes don’t come on the market very often in this untapped oasis in SW1X.
Motcomb Street, London SW1X
Kinnerton Street opens onto Motcomb Street, known for its speciality shops such as Rococo Chocolates and Christian Louboutin. This road is being pedestrianised and the grand colonnaded Pantechnicon building will be transformed into a retail and restaurant space. The small Waitrose, Mayhews Newsagent and dry cleaner gives this little street the feel of a welcoming village high street.
- Property prices: rental flats start at about £2,000 a month. Alternatively, a one-bedroom property on Pont Street nearby costs around £1.75m.
Wilton Crescent, London SW1X
Wilton Crescent and Wilton Terrace boast grand five storey townhouse, with black railings and matching first floor balconies. They complement the elegant Georgian white stucco façades. The properties in the crescent are some of the most sought-after addresses in prime central London.
- Property prices: some houses have sold for as much as £32m, while flats are often in the region of £4m. Henry & James has a two-bedroom flat to rent here for £2,250 a week (http://www.henryandjames.co.uk/property?id=PL56846).
Eaton Mews North, London SW1W
Eaton Square has an average asking price of £17m, making it one of the most expensive streets in the UK in 2016. Yet behind the grand houses are the hidden mews houses. Eaton Mews North is a pretty little cobbled street, with homes that sell in the region of £5m, but there’s the opportunity to add value as some properties still have unconverted basements.
- Property prices: a two-bedroom flat on Eaton Square is on the market for £2.8m (henryandjames.co.uk/property?id=58A5B6539BFA4).
Cadogan Square, London SW1X
To the west of Sloane Street, Cadogan Square has a very different feel from Eaton Square. The tall red-brick townhouses surround the leafy central gardens and tennis courts. Built towards the end of the 19th century, there’s a Flemish influence, especially on the west side. The first floor flats with their tall ceilings, large windows and balconies make beautiful homes.
- Property prices: the average property here costs £5m, with complete houses selling for around £25m. Henry & James currently has a seven-bedroom house for sale in Cadogan Gardens for £16m and two apartments for about £1.5m henryandjames.co.uk/property?id=5540CE2105307
Whiteheads Grove, London SW3
Heading west, just off Sloane Avenue and close to the King’s Road, Whiteheads Grove brings us into the 20th century. Cranmer Court consists of a number of elegant mansion blocks built in 1935, with internal quadrangles and full-time porters.
- Property prices: flats in these blocks sell for between £1m and £3m, holding their value because of their location and security. Henry & James currently has a one-bedroom, third floor flat on the market for sale £1.2m. (www.henryandjames.co.uk/property?id=5630FAFBCD5C8O)
Bywater Street, London SW3
Deep in the heart of Chelsea, pastel painted Bywater Street is another attractive road that is always in demand. Its tranquil seclusion juxtaposed with the bustle of the King’s Road tempted John Le Carre to base his fictional spy George Smiley at number 9 Bywater Street.
- Property prices: a rare unmodernised house here was sold for £3m in 2015.
Godfrey Street, London SW3
Not far away is Godfrey Street, another pretty collection of mews houses as well as two and three storeys homes. If you are lucky to secure a property in this sought-after location, you can usually add value by modernising or extending the property, where the property allows. Chelsea’s smallest house is currently for sale nearby in Britten Street. It is on the market for £600,000.
- Property prices: a small terrace house in Godfrey Street sells for around £2m.
Bowland Yard is a hidden gem in the heart of Belgravia. Property here rarely comes to market, but Henry & James listed a rental flat last year for just over £5,000 a month. The last property to sell here went for £1.3m. Ann’s Close is another similar gem, a little closer to Motcomb Street and its fashionable shops. There are 12 properties within this secluded quad.
- Average property prices: a two-bedroom terrace house costs around £2.8m on Bowland Yard.
- Are you thinking of moving in 2017? For advice on letting, buying, selling, or moving, contact Henry & James at 1 Motcomb Street, London SW1X 8JX (020 7235 8861;