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BELGRAVIA
AREA GUIDES
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BELGRAVIA, London
London's most exclusive location and home
to the very wealthy. Owned virtually outright by the Grosvenor
Estate since its construction around 1840, freeholds are rare
and building regulations strict. Eaton and Chester Square
boast grand, white stucco terraces and houses, whilst the
elegant homes of Belgrave Square remain the domain of embassies.
Charming converted-stable mews homes in cobbled cul-de-sacs
lie tucked away from view. Property is very expensive, although
the length of lease remaining influences prices enormously.
Belgravia is still the smartest area of
London. It is mainly owned by the Grosvenor Estate which,
unlike some other estates in London, maintains a constructive
and businesslike relationship with their tenants, allied with
efficient and effective estate management. The results of
this can be seen in the uniformity of Eaton Square which means
that property there nearly always sells at a premium to anywhere
else in London.
While Eaton Square is the core of Belgravia
the streets surrounding it are perennially expensive and popular.
This tends to tail off slightly to the northeast in the streets
running up to the boundary road with Buckingham Palace which
have a higher office content and a paucity of shops, restaurants
and cafes. For these amenities many prefer to be nearer Sloane
Street where the area around Mossop Street has a more village-like
atmosphere. The same applies to the south of Belgravia around
Elizabeth Street.
There is a huge variation in the length
of leases across Belgravia. It is nearly always possible to
extend leases with the consent of the Grosvenor estate but
expert advice is needed to negotiate the right terms.
Communications are reasonable with Sloane
Square, Knightsbridge, Hyde Park Corner and Victoria Underground
stations within walking distance.
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