If you know anything about London’s high-end real estate, you know that the postcode matters, from SW1 in Knightsbridge to W8 in Kensington where average prices start from £1.4 million upwards. It is not about the price, but the location and London is littered with many special locations that cater to each buyer. Finding a place in London that is exclusive today can be tricky as many properties that do come onto the market, get snapped up very quickly, but what if I told you that your next purchase could almost make you Her Royal Majesty Queen Elizabeth’s neighbour? How would that make you feel?
Well, property developer Northacre can make that a reality with No.1 Palace Street. I noticed this development a year ago and having looked at the other offerings around similar locations, and there is nothing that can compete.
No.1 Palace Street is a property that was originally built in 1861. This is your opportunity to genuinely own a piece of history, as the Grade II listed wing of the building was a significant landmark hotel in the Victorian period, ‘The Palace Hotel’ where it once hosted guests of Queen Victoria. The building shares a unique relationship with Buckingham Palace. The property is spread across 41,000 sq.ft, and like all new developments, you will have access to a ‘haven of wellbeing’ from a private gym, personal training suites, treatment rooms and a stunning private pool.
There is little information on pricing at the moment as the development is due to be completed in late 2020, but you can expect a one bedroom apartment from around £2.55 million. There will be a total of 72 apartments to choose from, so now might be a good time to consider this as an option for those of you who haven’t got any property in the city. In terms of future value, with this location, you can expect prices to either remain the same, but in my experience, grow which is why this could be a great addition to your real estate portfolio.
Now is the time to own a piece of history that will not only perform financially but one that you will want to show off to your friends and family.
For more visit www.northacre.com
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