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Pimlico’s booming property market Recent years have seen a rise in property prices throughout London, with the Pimlico area being one of the top “hotspots”. D&G sales director and chief Pimlico estate agent Alex Leschallas reports that Pimlico property prices have increased by 45% in the area between Victoria station and the Thames. These price surges have been particularly prominent at the top end of the Pimlico property market. Alex says that innovative Douglas & Gordon estate agents can offer a good mixture of property for sale in Pimlico, “from mansion blocks and the old houses in Lord Moore Street to flat conversions and wonderful Cubitt-designed houses in garden squares such as Eaton Square.” The larger properties in Pimlico boast high ceilings, porticos and pillars that attract a client base of politicos and barristers to the area.

Post-war regeneration projects have given the Pimlico district a wide range of available property, such as charitable housing projects and public housing estates that have been built on the land cleared by wartime bombing raids. Pimlico also features spacious Victorian houses subdivided into stylish apartments, which young professionals find highly appealing. Local property prices are as diverse as the accommodation on offer; a flat for sale in Pimlico will start at £350,000 while our estate agents say a large and luxurious mansion could cost investors up to £10 million. Douglas & Gordon Chelsea Office 106 Wilton Road, SW1V 1DZ T : 020 7931 8200 E:


Pimlico has also seen extensive commercial renewal in recent years – another factor contributing to the neighbourhood’s meteoric rise in popularity. Small dingy shops and cafes have been replaced by upmarket commercial properties, and these developments are effectively attracting more buyers. As chief local estate agent, Alex believes that much of Pimlico’s new-found popularity stems from “lots of new bars, restaurants and shops to create a more sophisticated ambience.” The average house for sale in Pimlico often makes an affordable alternative to Chelsea or Belgravia purchases, and our innovative D&G estate agents ensure that clients get excellent value for money when they invest in Pimlico property. With excellent Tube and overground

transport links to the West End and the city, property in the SW1 area is highly convenient. Residents employed in Government departments will enjoy close proximity to the workplace when staying in a Pimlico property.


Property rental in Pimlico It’s not just our estate agents who are noticing higher property values; Douglas & Gordon’s Pimlico letting agent Louise Verrall has reported a rise in rental prices in recent years. She says more tenants are realising how close Pimlico is to the West End and the city, making local properties more desirable. Many young professionals in Pimlico are employed in finance, accountancy or law, and choose property for rent in Pimlico as it is so close to workplaces like MoD and American Express. Rental Property in Pimlico A one-bedroom flat for rent in Pimlico can be let £340 while a three-bedroom property will cost £650 weekly. Louise says that tenants are willing to pay higher prices in exchange for the high quality of Pimlico

accommodation. With the low Westminster council tax, clean streets and increased security, it’s easy to see why Pimlico properties are becoming so popular among tenants. D&G’s rental property listing consists largely of period conversions and purpose-built developments. A house for rent in Pimlico also offers access to nearby attractions like St James Park, the Thames River and the Tate Gallery. Contact an innovative Pimlico estate agent or letting agent from D&G to find out more about the excellent Pimlico property currently on the market. Douglas & Gordon Chelsea Office 106 Wilton Road, SW1V 1DZ T : 020 7931 8200 E:

Shopping & Food There are a steadily increasing number of local shops and supermarkets in Pimlico and Westminster. The local bars, restaurants and deli's offer a wide range of choice to suit every price range and taste.

Culture & Leisure Cultural activities can be found at The Houses of Parliament, Westminster Abbey, Westminster Cathedral and the Tate Gallery. There are a number of gyms, including the exclusive Dolphin Square, along with the outside spaces of three garden squares and the River Thames.

Your Douglas & Gordon Guide to Pimlico