Living in Covent Garden: An Area Guide
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Marylebone has been noted as one of three ‘prime property hotspots’ where property prices have increased considerably over the last five years.
According to figures released by the Evening Standard, over the last five years Marylebone has seen property price growth of 16% on average, which means that buy-to-let investors and property buyers in Marylebone will likely make a profit from their investments.
Though property prices across other parts of prime central London have fallen in recent years, prices have steadily risen in Marylebone during that time.
Marylebone has come into its own as a residential property destination in recent years, having previously been overshadowed by nearby Mayfair and other long-established prime property destinations, such as Kensington and Notting Hill.
But Marylebone has much to offer buyers and investors, with its elegant and appealing architecture, raft of independent shops and upmarket boutiques, restaurants, cafes, bars, good local schools, and its central London location with proximity to Hyde Park, Regent’s Park and the West End.
Marylebone has also benefited from the opening of independent cafes and restaurant hotspots like The Chiltern Firehouse, while the construction of new residential developments has also stimulated growth and attracted buyers to the area.
Marylebone is an appealing prospect for both single buyers and renters who might enjoy the night life, bars and restaurants, while the large parks nearby also appeal to families.
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