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Posted on 16 Oct 2008

Marylebone is a redefinition as an integral part of the prime Central London residential market due to its high quality developments, outstanding food & retail facilities, as well as the rising demand from affluent buyers. The boundary of prime central London has expanded recently as we recognize the growth with addition of Notting Hill to the index in early 1990 followed by the South bank last year.

With the inclusion of Marylebone it has been acknowledged that another area of central London has a proven track record to justify inclusion in the Prime Central London Index.

Marylebone extends north from Oxford Street to Marylebone Road, and from Edgware Road in the West to Great Portland Street in the East. It also includes the area around Dorset Square and Marylebone railway station, just to the north of Marylebone Road.

The area encompasses the Georgian Portman Estate, world-class cultural attractions such as the Wallace Collection and Wigmore Hall, and the restaurants and retail facilities of Marylebone High Street.

The retail-led regeneration policy pursued by Howard de Walden Estate on and around the High Street has partly been the result in upgrading of the area to prime. Major regeneration projects in Paddington, Euston and King's Cross are improving the fortunes of Marylebone's neighbours to the north, east and the west.

It has created a mix of upmarket independent shops, with a particular emphasis on fashion and food, which has helped draw in affluent residents to Marylebone. A number of London's most acclaimed restaurants are also close by.

Due to the careful management of the area by the two estates, which has protected the area's architectural heritage, development is highly constrained. The only new scheme in the area is CPC Group's eleven Picton Place, a development of fourteen one-, two- and three-bedroom luxury apartments within sight of Selfridge's.

Transport links, particularly via the Jubliee Line to Canary Wharf and the City will ensure its popularity, possibly attracting high-earning professionals and wealthier international students at various business schools in London.

The potential for growth at Marylebone is significant in the longer term, as prime Central London continues to expand.

More about Marylebone property.

Marylebone Estate Agents