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Living in Knightsbridge: Lifestyle and investment guide

What and where is Knightsbridge?

Knightsbridge is an exclusive residential and retail district in the city of London. The borough of Knightsbridge is commonly described as the area south of Hyde Park, stretching from the Wellington Arch at the roundabout joining Piccadilly Road and Grosvenor Place and the Duke of Wellington Place, to Exhibition Road.

The most commonly known locations situated within the borough of Knightsbridge are Harrods Department Store, the Victoria & Albert Museum, the Natural History and Science Museums and Imperial College London.

Knightsbridge started off as a hamlet between the parishes of Kensington and Chelsea but, since Saxon times, has flourished into one of the most affluent areas in London. With a number of effective transport links through the London Underground, including the District, Circle and Piccadilly lines, Knightsbridge is an incredibly well-connected and central location in the bustling metropolis.

Living in Knightsbridge

As you might expect, living in one of the most sought-after boroughs in London doesn’t come cheap.  Considering moving to a new area is always a stressful time, no matter where you’re moving to, so its good to go into the whole process with some idea of the area and the prices you’ll be looking at.

Below is a graphic from Foxtons estate agents demonstrating the average property price if you’re considering buying a property to live or rent in Knightsbridge.

* Taken from Foxtons Living in Knightsbridge.

According to Foxtons, the average house price in Knightsbridge (in Dec 2017) is £8,425,000 and the average flat price for living in Knightsbridge is £2,489,091.

If buying a house or flat in Knightsbridge is maybe a little too extravagant for you to begin with, or if you’re only considering staying in the borough for a shorter amount of time, there is also the option to rent a property. Renting can allow you to scout out the market from the area you’re living in and also give you a taste of Knightsbridge to see if it’s the right place for you.

As the above graphic demonstrates, the average rental price per week is £1,831, but according to Foxtons it can start as low as £350 pw and stretch to as much as £20,000 pw.

If you’re looking instead to invest in the Knightsbridge area, the graphic below illustrates the range of options available to you to be able to get your foot in the door and begin cultivating a property in the area that can last for years to come.

Currently on the market are a wide range of 3-bed and 2-bed properties, meaning that if you’re considering investing instead of living in the area yourself, you would be able to appeal to a wide range of potential tenants with a reasonable sized property in a central area of London.

* Taken from Foxtons Living in Knightsbridge House Prices.

The Knightsbridge experience

These prices may seem extravagant, but if you’re living in Knightsbridge, you’re not just living in the area, you’re living the lifestyle of that borough. Full of boutique shops and fancy bistros, a property in the Knightsbridge area is a gateway into the London life that the borough offers.

The jewel of the district is undoubtedly the gorgeous Harrods department store, offering anything and everything from fashion and luxury to internationally-acclaimed cuisine. Not far from there is Sloane Street, the idea destination for keen shoppers who want to discover the fantastic creations of well-known designers such as Jimmy Choo, Giorgio Armani and Chanel, to name but a few.

And if you need a bite to eat, you can take your pick from the Michelin starred restaurants – Gordan Ramsey’s Petrus, Marcus at The Berkeley, or Dinner by Heston Blumenthal – or any number of other restaurants that offer fantastic food from a variety of exciting cuisines to tickle your tastebuds.

For families, Hyde Park is practically on your doorstep, offering a wealth of green space in the busiest metropolis in the country that can be explored multiple times over. Hyde Park also plays host to a number of festivals and events during the course of the year, for example, Winter Wonderland during the winter period, and the British Summertime music event during the warmer months.

If you’re considering studying in Knightsbridge, you’ll be pleased to know that it is home to a number of excellent schools for both younger children and older. For a co-educational primary and secondary school, the Lycée Français Charles de Gaulle should be your first stop.

For families moving into the area with older children, The London Oratory is a fantastic secondary school on Brompton Road, meaning a minimum commute to get everyone there on time! After secondary school, there’s not even very far to go for university, since living in Knightsbridge means you’re only a stone’s throw away from the Imperial College London, right next to the Science Museum, and the Royal College of Art.

Overall, Knighstbrigde is a wonderful place to live, full of culture and excitement. For those looking for a high-class, trendy lifestyle, Knightsbridge is the perfect area to consider, especially if you’re already working or considering working in London.

At CitySpace Storage, we’d love to help you achieve your dream of living in Knightsbridge. If you need help storing furniture or moving boxes that have arrived too soon, or things that need to be stored while you tackle the big jobs in your new home, don’t hesitate to check out our website and see how we can help.

 

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