Positioned between Hyde Park and Regent’s Park, Marylebone is one of central London’s most fashionable and upmarket areas to live and invest. Popular with local and international city professionals, graduates and students, it has a distinct urban, village like atmosphere that helps create a strong sense of community spirit for its residents.
Many foreign investors view this affluent destination as a safe haven for investment. This is reflected in its property prices, which have increased by 30% in the last three years and now average at £1.4 million. Marylebone offers greater value for money than more traditional ‘prime’ central London locations such as Mayfair (av. £3,374,476) and Knightsbridge (av. £4,142,988), however, its most popular spots, including Devonshire Street, Portland Place and Marylebone Village, can still achieve premium prices between £1,700 and £2,000 per sq ft.
Rental properties in the area range from studio apartments to terraced houses, with the W1 postcode, generally offering the most expensive property, while the NW1 postcode, just north of Marylebone Road, provides greater value for money. Tenants expect to pay between £300 per week and £6,000 per week, with the most in demand properties tending to be portered new builds, as these developments are usually on the doorstep of all the local amenities.
Marylebone and the neighbouring Regent’s Park are also home to two prominent universities – the London Business School and the University of Westminster – which not only inspires parents of both foreign and domestic students to purchase property as an investment, but it also encourages buy-to-let investors looking for solid rental yields.
Since the general election, Marylebone's sales market has experienced positive movement, with our local branch receiving more multiple bids on properties for sale. This is expected to continue throughout the rest of the year.ayfair.”