The City of Westminster is centrally located within London, to the west of the City of London and to the east of Kensington. It is approximately 21.48km2 in size.3
There are a number of well-known areas within The City of Westminster, including Soho and Westminster.
The average cost of a home in the City of Westminster (as of March 2016) is approximately £1,064,308.*
However, this includes every property type. Detached homes alone are worth considerably more, at around an average of £2,280,450 (again, as of March 2016).
Here is a breakdown of property prices in Westminster based on the type of home, compared to the England and Wales average:
|Type of House||Westminster average||UK average|
*The above statistics were found using the Land Registry app. To use, simply type a UK area into the search bar (in this case ‘Westminster’), select ‘House Price Indices’ and then the type of property you want to determine the average price of.
Scroll down and you will see how the average price has changed over the last few months.
Council tax rates for Westminster are as shown below:
*Rates shown are for 2016/17
While property prices in the Westminster area are quite high, particularly when compared to the England and Wales average, council tax rates are relatively low.
In December 2015, The Telegraph reported that Westminster had the lowest average council tax cost for a property in England.
The area has seen some redevelopments in recent years, with new properties being constructed through both domestic and international investment.6
The City of Westminster has a rather youthful demographic, with 20-29 years olds being the largest age group (according to Rentonomy). Around ten percent of the population is US-born born, with eight percent coming from Ireland and five percent from France.