St John’s Wood a ‘top draw’ for luxury buyers as demand shifts to north-west London

St John’s Wood has long been regarded as a prime property location, but now the north London district has reported more high-value property sales than Chelsea.

Though the south London residential districts of Belgravia and Knightsbridge occupy the first and second spot with 15 high-value sales between January and October of this year, St John’s Wood sits in third place with six high-value property sales, while Marylebone and another north London location, Hampstead, has also moved up the list.

The findings show that the location of some of the capital’s most expensive and desirable properties is changing, with property in north London districts becoming more valuable when compared with property stock in Mayfair or Kensington, areas which have traditionally commanded the highest sales prices for properties.

St John’s Wood in particular has ‘outperformed’ Mayfair in terms on the number of high-value property sales deals. Buyers are increasingly looking for better value, well-designed modern interiors, and high specification finishes.

According to LonRes, the most expensive address is Hamilton Terrace, then Chesham Place, Carlyle Square, Eaton Square, Grosvenor Square, Lancaster Gate, Charles Street, Victoria Road, Wilton Crescent, and Redington Road.

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Property Wire