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Central London still in favour with property investors

Central London estate agents are used to speculation about the property market but they are keen to dispel the myth that every property for sale in central London is either bought by an international oligarch or is priced at more than £2 million. Despite central London's global exposure and historic popularity with property buyers, there are still areas with investment and development potential. The Daily Telegraph online recently published a list of the Top 20 places to invest in London and Winkworth central London estate agents were thrilled to find four of the areas they cover made the cut. Central London is an ever-evolving part of the capital and people often forget that large swathes have been devoted to office and retail space, with a lack of residential property. There's also a raft of transport improvements underway - notably Crossrail - which will open up areas previously overlooked. Here's Winkworth's at-a-glance guide to property investment in central London, as singled out by the Daily Telegraph: Bayswater/Queensway - lying to the north side of Hyde Park, the Bayswater and Queensway neighbourhoods have remained in the shadow of Kensington, Mayfair and Knightsbridge. The best value-for-money houses and flats for sale in this part of central London are found away from the shadow of Harrods. The Hallfield Estate in Bayswater offers the W2 prestige postcode without the price tag, with one-bedroom flats in the £400,000 region. For period elegance that will charm for years to come, check out Orsett Terrace, where studio flats can be snapped up for a little over £420,000. Victoria - far more than just a train station and bus terminal, Victoria is having a facelift. The £2 billion regeneration of Victoria Coach Station and Victoria Street adds a new layer of desirability, along with its walking distance credentials to Westminster, Belgravia and Mayfair. Prices are already tipping £1 million in some streets but Victoria still offers a more affordable alternative to neighbouring enclaves. Make note of Buckingham Gate, Hugh Street and The Nova Building - a mixed-use development with communal facilities due for completion in 2016. Tottenham Court Road - what was the unglamorous end of Oxford Street crammed with gadget shops is undergoing a renaissance. Anticipation is building around the proposed redevelopment of Centre Point into high-end luxury apartments but until this plan firms up, keep your eye on studios and small flats near the Tube station that are priced under £400,000. Mayfair - don't be quick to dismiss the investment potential of this central London gem. Overloaded with office and embassies, residential property is actually sparse. Investors are snapping up old office blocks and carved up townhouses, keenly converting them into luxury dwellings for lovers of central London living. Expect the starting sales prices to nudge £1 million on the likes of Gilbert Street, Upper Brook Street and Carrington Street but in return you'll get bags of potential and a keen ever-lasting audience. If you are thinking of searching for property for sale in central London, contact Winkworth estate agents today.

Central London estate agents are used to speculation about the property market but they are keen to dispel the myth that every property for sale in central London is either bought by an international oligarch or is priced at more than £2 million. Despite central London's global exposure and historic popularity with property buyers, there are still areas with investment and development potential.

The Daily Telegraph online recently published a list of the Top 20 places to invest in London and Winkworth central London estate agents were thrilled to find four of the areas they cover made the cut. Central London is an ever-evolving part of the capital and people often forget that large swathes have been devoted to office and retail space, with a lack of residential property. There's also a raft of transport improvements underway - notably Crossrail - which will open up areas previously overlooked.

Here's Winkworth's at-a-glance guide to property investment in central London, as singled out by the Daily Telegraph:

Bayswater/Queensway - lying to the north side of Hyde Park, the Bayswater and Queensway neighbourhoods have remained in the shadow of Kensington, Mayfair and Knightsbridge. The best value-for-money houses and flats for sale in this part of central London are found away from the shadow of Harrods. The Hallfield Estate in Bayswater offers the W2 prestige postcode without the price tag, with one-bedroom flats in the £400,000 region. For period elegance that will charm for years to come, check out Orsett Terrace, where studio flats can be snapped up for a little over £420,000.

Victoria - far more than just a train station and bus terminal, Victoria is having a facelift. The £2 billion regeneration of Victoria Coach Station and Victoria Street adds a new layer of desirability, along with its walking distance credentials to Westminster, Belgravia and Mayfair. Prices are already tipping £1 million in some streets but Victoria still offers a more affordable alternative to neighbouring enclaves. Make note of Buckingham Gate, Hugh Street and The Nova Building - a mixed-use development with communal facilities due for completion in 2016.

Tottenham Court Road - what was the unglamorous end of Oxford Street crammed with gadget shops is undergoing a renaissance. Anticipation is building around the proposed redevelopment of Centre Point into high-end luxury apartments but until this plan firms up, keep your eye on studios and small flats near the Tube station that are priced under £400,000.

Mayfair - don't be quick to dismiss the investment potential of this central London gem. Overloaded with office and embassies, residential property is actually sparse. Investors are snapping up old office blocks and carved up townhouses, keenly converting them into luxury dwellings for lovers of central London living. Expect the starting sales prices to nudge £1 million on the likes of Gilbert Street, Upper Brook Street and Carrington Street but in return you'll get bags of potential and a keen ever-lasting audience.

If you are thinking of searching for property for sale in central London, contact Winkworth estate agents today.

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