Victoria lies in City of Westminster and is an interesting mix of commercial and residential life. Victoria Street runs from the station to Broad Sanctuary at Westminster Abbey, and the area of Victoria centres around the streets adjoining Victoria Street, Buckingham Palace Road, Wilton Road, Grosvenor Gardens and Vauxhall Bridge Road.
Commercial property for sale in Victoria is available at Cardinal Place, which is a new development that opened in 2006. It is located opposite Westminster Cathedral and contains a vast selection of restaurants, banks and shops. The Broad Sanctuary end of Victoria Street plays host to the Department for Business, Energy and Industrial Strategy, the headquarters of Transport for London and New Scotland Yard.
Property investment in Victoria a booming business, with all sorts of ventures now being attracted to the area. Victoria has been designated an ‘Opportunity Area’ in the Mayor’s London Plan, and the potential of the area was recognised in the ‘Westminster City Council’s Adopted Core Strategy January 2011 Planning Policy Document’. This acknowledged the excellent transport links for the area and its ability to accommodate commercial and residential growth. There are also a number of proposals to redevelop the area and regenerate certain sites.
Victoria contains one of the busiest transport interchanges in the whole of the UK thanks to the incredible listed railway station and underground station. There is also a major hub for bus and taxi services at Terminus Place, whilst Victoria Coach Station links not just the rest of the country but also the whole continent.
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The average price of a property for sale in Victoria is in the region of £1.6million, having seen a rise of more than 27% in the last year.
This is an area which has seen massive growth, with the average property only costing £450,000 in 2000. However, this is not the highest prices that Victoria has boasted, with a peak of £1.9million in 2014.
The rental market is also an expensive one, with a four bedroom property investment in Victoria bringing in £2,296 per week.
Chester Square, Gerald Road, South Eaton Place, Eaton Terrace, and Eaton Terrace are amongst the highest value streets in the area.
One of Victoria’s main attractions is the Roman Catholic Westminster Cathedral which was built at the start of the 20th century and is the seat of the Cardinal Archbishop of Westminster.
It is a terrific tourist attraction which helps to attract a wide range of different visitors to the area whilst increasing the demand for properties for sale in Victoria.
One astounding property in Victoria is that of Little Ben, a 20 foot high version of the Big Ben landmark.
In addition to the bustling shops, restaurants and social aspects of the area, there is also a range of historic and interesting theatres, including the Victoria Palace Theatre and the Apollo Victoria Theatre.