Pimlico’s Housing Market and Transport Links

Known for its charming streets and central location, Pimlico is a highly sought-after area for residential properties. In this blog post, we will explore the housing market and transport links in Pimlico, and the factors you should consider when choosing a buy-to-let location.

The volume of residential properties

Pimlico offers a good mix of flats and houses, and the overall volume of properties is higher than the average in London. Specifically, there are a significant number of 1 bedroom and 2 bedroom flats, as well as a moderate number of 3 bedroom properties. This is important to consider as it can affect the potential rental income for landlords.

Renter versus owner occupancy

The area has a higher rate of owner-occupiers compared to the average in London. However, there is still a significant number of properties for rent, making it a desirable location for buy-to-let investors. 

Houses prices

Pimlico is on the higher end compared to the average in London when it comes to house prices. 

  • The average price for a 1 bedroom flat is £600,000
  • 2 bedroom flat is £800,000
  • 3 bedroom flat is £1.2 million

However, it’s important to note that these prices can vary depending on the location, condition, and age of the property.

Rental properties

When it comes to rental properties, Pimlico has a moderate number of properties for rent. This can be an essential factor to consider when choosing a buy-to-let location as it can give insight into the potential demand for rental properties in the area.

The age of the housing stock in Pimlico varies, with a mix of older and newer properties. However, there are a number of new build properties, which can be an important factor to consider as they may require less maintenance and have a higher potential for rental income.

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Housing developments

There are a number of projects currently in the works. Some examples include the Pimlico Grid development, the Churchill Gardens development, and the Hurley Street development. To find out more about major housing developments in Pimlico, visit the local council’s website. https://www.westminster.gov.uk/

 

Transport Links

The main mode of transportation in Pimlico is the London Underground. Pimlico station, located on the Victoria line, provides quick and easy access to other parts of London. The station is also served by the Circle and District lines. This makes it easy for residents and visitors to travel to popular destinations such as Oxford Circus, King’s Cross and Victoria station.

There are also a number of bus routes that run through the area, including the 24, 360, and C10, which connect Pimlico to other parts of London such as Chelsea, Victoria, and Elephant & Castle.

Pimlico is located near the River Thames, which provides an alternative mode of transportation. The Thames Clipper river bus service runs along the river and stops at several piers in Pimlico, including Chelsea Harbour and Battersea Power Station. This service provides access to other parts of London such as the London Eye and Greenwich.

Overall, Pimlico is a desirable location for both renters and buyers. The area offers a good mix of properties, including a high volume of 1 and 2 bedroom flats, as well as a moderate number of 3 bedroom properties and houses. House prices are on the higher end compared to the average in London, but the potential rental income for landlords and the number of properties for rent make it a good option for buy-to-let investors. Additionally, Pimlico has excellent transport links, including the London Underground and various bus routes, as well as the Thames Clipper river bus service.

Free Landlord Resources

Free Instant Valuation

See how much your property could get in rent.

Fee Saving Calculator

See how much you could save on property fees.

Yield calculator

Calculate your rental yield with our simple tool

Compliance checklist

Make sure your buy-to-let property remains legal.

Compliance Guide

Download your complete landlord compliance guide 

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Sam has a wealth of experience across the private landlord and Build to Rent sectors. He has advised a wide range of clients across the whole of London on how to find great tenants, improve their assets and effectively market their properties for the best returns.

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