Living in London can prove expensive, especially if you want to live in Zone 1, have excellent transport links and be close to one of London’s most famous parks. Focusing your attention on properties surrounding Hyde Park may just be a worthy solution. Rental prices to the north of Hyde Park are more reasonable than those to the west, south and east. There’s also the benefit of being close to Paddington station which has express services to Heathrow airport.
Hyde Park is 144 hectares of green space, steeped in history and is one of London’s most iconic parks. In the past, it was used for duels, horse racing, exhibitions and during World War II, it was even used as a potato field! Today, it’s an occasional concert venue (Madonna or Beyoncé anyone?) and a full-time green space for scenic strolls and other amenities which include horse-riding and boating along the Serpentine. Oxford Street, Regent Street and the West End are the main hubs for shopping, especially for tourists from around the world. Here you will also find three of London’s best loved stores: Selfridges on Oxford Street, Liberty on Regent Street and the world-famous toy shop Hamleys, also on Regent Street.
The beauty with renting in the areas surrounding Hyde Park is that they are so varied. Mayfair to the east of the park is the most expensive and is the base for many of London’s billionaires. The options available are plentiful, from studio apartments starting at £450 per week such as a lovely 306 sq. ft. fully furnished studio on Hill Street, W1 or the 440 sq. ft. one bedroom apartment in the same street at £600 per week. Two bedroom apartments start from £800 per week and three bedroom apartments from £1,250 per week. Most of the accommodation in Mayfair resides in handsome period buildings or mansion blocks. There are very few new developments, although there will be some new ones coming up over the next few years, especially around Grosvenor Square. To the north of the Park you’ll find Bayswater and the entire W2 postcode which is close to Hyde Park and even closer to Paddington station. Here you will find more affordable rental prices: Paddington Basin has been completely regenerated, increasing its popularity with professional tenants. Rents in new developments like West End Quay -the very first building in the regeneration area – have studio apartments from £350 per week, one bedroom apartments from £450 per week, two bedroom apartments from £650 per week and three bedroom apartments from £850 per week. The latest is ‘3 Merchant Square’ which has been finished to the highest standard with floor-to-ceiling windows and wide-plank wood floors. Rents here start at £500 per week for one bedroom apartments, £750 per week for two bedroom apartments, £1,000 per week for three bedroom apartments and £2,000 per week for a luxe penthouse apartment. Paddington isn’t just popular for its central location; it has one of the best transport links in the UK and is an ideal base for commuters who need to travel in and out of London. Primarily, the area to the north of Hyde Park has period buildings where streets are lined with beautiful white stucco-fronted Georgian and Victorian terraced buildings – many of which have been converted into modern apartments. Rents in period conversions range in a street such as Palace Court from £300 per week for studio apartments, to £450 per week for one bedroom apartments and £750 per week plus for two bedroom apartments.
Overseas students looking for smaller studio flats flock to the area. They can usually be found studying at one of London’s universities, the London Business School or one of the American University campuses. When they’re not studying, they need somewhere to stay, and our Hyde Park office often see lots of enquiries for studio apartments in St. Stephen’s Gardens due to its proximity to the park. Rents here start from as little as £250 per week. Notting Hill, to the West of Hyde Park, is one of London’s trendiest property hotspots. Following its rise to fame after Hugh Grant wondered along Portobello Road and climbed into one of the wonderful private communal gardens in the film “Notting Hill”, the area has seen a surge in popularity. The area definitely has a certain edge to it where residents enjoy the cultural diversity Notting Hill offers. Notting Hill is predominantly made up of Victorian homes with one bedroom apartments starting from £400 per week, two bedroom apartments from £700 per week, three bedroom apartments from £850 per week and houses from £1,500 per week. Regeneration is underway to the North of Ladbroke Grove, at the end of Portobello Road – it is called Portobello Square. The first phase is already available for rental with high-spec one bedroom apartments from £400 per week and two bedroom apartments from £600 per week. This is a great place to live as it’s adjacent to the famous Portobello Market; one of London’s most popular and quaint Saturday street markets. To the South of Hyde Park is Kensington, where there is a mix of new builds and period buildings with studios starting from £400 per week, one bedroom apartments from £600 per week, two bedroom apartments from £750 per week and three bedroom apartments from £1,000 per week.
Hyde Park is one of London’s prime locations and is a wonderful place to live as it is so varied with many options. So if you’re thinking about moving home and want to explore living near the area contact our friendly negotiators in the Hyde Park office who can help you find your perfect home.
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