Homes and Property recently published an Insider’s Guide to Pimlico, which astutely sums up the area for prospective Landlords looking to buy in the area.
Pimlico is a central London area separated from Belgravia by Victoria railway station to the north and bounded by the River Thames to the south. Vauxhall Bridge Road separates Pimlico from Westminster. With easy access to the Victoria line, good bus routes and riverboat services to Waterloo and Southwark, this area is a commuter hotspot.
At Pimlico’s heart you’ll find the highly desirable grid of residential streets developed by Thomas Cubitt from 1825, now protected as the Pimlico Conservation Area, the area has a very village-y feel, with plenty of shops and restaurants around Warwick Way and Wilton Road, as well as the open spaces of Warwick, Eccleston and St George’s garden squares.
The article asks itself
What are the best investment opportunities in Pimlico?
The answer is One- or two-bedroom flats within the Pimlico grid – in streets such as Gloucester Street, Cambridge Street, Alderney Street or Winchester Street because these are among the most popular for tenants, usually letting within about 48 hours. The grid attracts good tenants because its location offers everything you could possibly need and the council tax in the Borough of Westminster is one of the cheapest in London, which is a big draw for renters.
There is no arguing with that!