Investing in properties near prime shopping areas can be a really fantastic idea. There are some excellent spots in London, including near Bond Street and Sloane Square. If you are thinking about property investment in Kensington and Chelsea, it is definitely a good idea to consider areas near the latter; it is a stunning neighbourhood. The recent completion of a project to transform the area also makes it even better.
Why are these areas popular?
Today, it is easier than ever before to buy all kinds of products thanks to online shopping. However, many people still love to go to physical shops for the experience. That is especially true for premier destinations like Sloane Street and Bond Street in London, Ginza in Tokyo, Cheongdam-dong in Seoul, and Triangle d’Or in Paris. Shoppers here can enjoy incredible experiences while they shop for some of the best brands in the world.
As an investor, properties in such high end areas can be the crown jewels of a portfolio. They tend to be exclusive, so they retain their value very well. Additionally, if you want impressive income, you can let to high net worth individuals.
Upgrading Sloane Street
Bond Street has had the title as London’s premier shopping destination for a long time. However, Sloane Street has become a wonderful alternative. It is home to numerous high end names, including Armani, Balenciaga, Hermes, Louis Vuitton, and Prada. In addition, it has plenty to offer in terms of drinking and dining.
Last month there was fantastic news that the £46m project to enhance Sloane Street was finally complete. It has been over a decade of work, including planning and six years of consultations, most recently in 2017. The upgrades themselves have been ongoing for two years. In February, the final new stones were put in place. It could encourage even more people to think about property investment in Kensington and Chelsea.
The project is amazing for many reasons. It celebrates and preserves the historical grandeur of the area while also ensuring it meets current and future needs. The blend of modern and heritage is wonderful. Even more importantly, the upgrades enhance the area for all stakeholders, including visitors, local residents, and businesses.
The most significant part of the Sloane Street upgrade is it makes the area much better for pedestrians. There are lovely wider pavements in beautiful UK York stone. Plus, there has been work to improve crossings, install new street furniture, and upgrade the lighting.
Another exceptional part of the project is the work to make the area greener. A planting scheme by celebrated designer, and repeat Chelsea Flower Show winner, Andy Sturgeon provides incredible greenery and over 100 new trees.
Comments
The response to the upgrades of Sloane Street couldn’t be better. It really elevates the area, making it one of the best neighbourhoods if you are thinking about property investment in Kensington and Chelsea.
The Leader of Kensington and Chelsea Council, Councillor Elizabeth Campbell, said this project is a “standout example in our amazing spaces programme”. The area has always been special, but now it is even better because of the upgrades. It means the area offers “a shopping experience to rival Paris and New York”.
The Chief Executive of landowner Cadogan, Hugh Seaborn, also had praise for the project. He said it enhances “the elegance and timeless appeal” of the area. It now feels “local yet global” so it will entice visitors and ensure they have a memorable experience.
Are you thinking about property investment in Kensington and Chelsea?
Finefair Ltd appreciates that London has some of the most exclusive property spots in the world. Many of them are in Kensington and Chelsea, as well as neighbouring Westminster. If you want a high end property in a fantastic area, these are locations to consider.
If you do invest, you’ll want reliable services to help you. We can deliver them for almost any need. This includes management, guaranteed rent, and much more. We’ve become one of the most dynamic teams working in property investment in Kensington and Chelsea. So, get in touch if you want to see what we can do.
