Next Neighbourhoods: Maida Vale, London, UK
Knight Frank’s Global Head of Research, Liam Bailey explains why Maida Vale presents a solid prospect for investment in 2020, with its attractive blend of period residential property and proximity to some of London’s most desirable locales, such as Little Venice
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Why is it up and coming?
Be patient. Crossrail will arrive. And, when it does, Maida Vale’s short two stop journey to the new Paddington Crossrail Station, with easy access to the City, Canary Wharf and Heathrow, will be a game-changer.
My favourite bits
The Paddington Recreation Ground for an early run, coffee at GAIL’s Bakery, a canal-side walk, and then deciding between sushi on Lauderdale Road or Italian on Formosa Street. Plus the fact that Warrington Crescent featured in a pivotal scene in the movie Paddington.
Who’s buying?
Maida Vale has one of the most eclectic buyer lists in London: British, European, American and Japanese hopefuls are all competing for the best flats.
What will my money buy me?
A two-bedroom mansion flat on Elgin Avenue will cost around £1 million, with rare detached houses or larger flats selling for upwards of £4 million.