The rise of ‘super-prime’ Westminster: four homes hit the market with £20 million-plus price tags.
The uber-luxurious homes range in price from £21 million to £25 million and cement the borough’s reputation as a rival to Kensington and Chelsea.
Two of the properties are converted from offices into family homes of Georgian-style grandeur, and sit side by side in Old Queen Street. Number 26, a six-bedroom, eight-storey townhouse with a lift serving all floors and a duplex master suite, is on the market for £21 million. Its neighbour, number 28, is expected to achieve a similar figure.
Rooms with a £21 million view : principal rooms of 26 Old Queen Street all face St James’s Park.
“The office-residential change is a key trend of the area that is helping to recreate a village feel and bolster prices.
There is pressure on good-quality family homes in central London and, as a result, buyers now look outside of the golden triangle of Knightsbridge, Chelsea and Mayfair. Houses in Westminster are grand and spacious with fantastic architecture and situated in a very central location.”
says Kirsty Sugden from estate agents Hathaways.
Westminster is the second most expensive area to buy property in London – behind only Kensington and Chelsea – and has seen growth of 6.4 per cent over the last year. Yet the average property price for the borough is still far from £20 million, currently standing at £990,896.
17th June 2015 | Article by Lizzie Rivera – Evening Standard