An out-of-towner genuinely curious why prices vary so much within prime central London…in Manhattan, these large variations don’t exist within super prime areas so wondering if there is a reasonable explanation regarding London.
Pimlico was historically a poor area
So (I think ) there are way more council flats/ developments in the area so brings the average down
The Churchill gardens estate may be a factor ,quite rough there ,quite a few stabbing etc
Mayfair is a historically posh area, with houses built largely for the gentry, so most are opulent, on top of the cultural cachet and dead-centralness. Pimlico also has some very expensive houses, but not exclusively, so it brings the average down.
It’s just about the quality of housing stock. Pimlico has more of a blend than Mayfair so the average is lower.
I’ve lived in Pimlico before and would far rather live there than Mayfair.
I know this is beside the point, but why are Outer London areas like Kew and Richmond listed as “central London”?
There are big council estates in Pimlico.
There are big aristocratic houses in Mayfair.
Have you ever played Monopoly?
I stayed in an Airbnb in Pimlico and loved the area. Central and peaceful. Some rowdy drunks making noise at night but that’s Britain for you.
I lived in Dolphin Square in Pimlico in the early 2000s. I didn’t realise DS was so posh because the rest of Pimlico seemed a bit (relatively)…I dunno, not rough or anything but not super swish like Sloane Sq felt, for example. But DS itself was super posh – apparently Princess Anne had an apartment there, plus lots of senior ministers.
It’s because Pimlico isn’t part of the UK.
Mayfair is where the hedgies, fund managers, PE partners and similar riff-raff hang out.
Rents are still high in the area as it’s walking distance from parliament/whitehall. The area is always marked as an amazing return for buy-to-let due to this unnatural price per sq ft.
What website is this?
Do you have data for 2022 and 2020?
For those with questions about renting might be worth checking and joining this subreddit r/TenantsInTheUK
What do *Midtown* and *City Fringes* mean? Places like Farringdon and Barbican?
Mayfair was where the aristocracy built their own grand homes and lived, whereas Pimlico was the 19th century equivalent of a property development.
Thomas Cubitt designed and developed both Belgravia and Pimlico, with the result that Pimlico’s referred to as ‘the poor person’s Belgravia’.
17 comments
An out-of-towner genuinely curious why prices vary so much within prime central London…in Manhattan, these large variations don’t exist within super prime areas so wondering if there is a reasonable explanation regarding London.
Pimlico was historically a poor area
So (I think ) there are way more council flats/ developments in the area so brings the average down
The Churchill gardens estate may be a factor ,quite rough there ,quite a few stabbing etc
Mayfair is a historically posh area, with houses built largely for the gentry, so most are opulent, on top of the cultural cachet and dead-centralness. Pimlico also has some very expensive houses, but not exclusively, so it brings the average down.
It’s just about the quality of housing stock. Pimlico has more of a blend than Mayfair so the average is lower.
I’ve lived in Pimlico before and would far rather live there than Mayfair.
I know this is beside the point, but why are Outer London areas like Kew and Richmond listed as “central London”?
There are big council estates in Pimlico.
There are big aristocratic houses in Mayfair.
Have you ever played Monopoly?
I stayed in an Airbnb in Pimlico and loved the area. Central and peaceful. Some rowdy drunks making noise at night but that’s Britain for you.
I lived in Dolphin Square in Pimlico in the early 2000s. I didn’t realise DS was so posh because the rest of Pimlico seemed a bit (relatively)…I dunno, not rough or anything but not super swish like Sloane Sq felt, for example. But DS itself was super posh – apparently Princess Anne had an apartment there, plus lots of senior ministers.
It’s because Pimlico isn’t part of the UK.
Mayfair is where the hedgies, fund managers, PE partners and similar riff-raff hang out.
Rents are still high in the area as it’s walking distance from parliament/whitehall. The area is always marked as an amazing return for buy-to-let due to this unnatural price per sq ft.
What website is this?
Do you have data for 2022 and 2020?
For those with questions about renting might be worth checking and joining this subreddit r/TenantsInTheUK
What do *Midtown* and *City Fringes* mean? Places like Farringdon and Barbican?
Mayfair was where the aristocracy built their own grand homes and lived, whereas Pimlico was the 19th century equivalent of a property development.
Thomas Cubitt designed and developed both Belgravia and Pimlico, with the result that Pimlico’s referred to as ‘the poor person’s Belgravia’.