Grosvenor Crescent, Belgravia, London | Property Guide

Home to royalty, dignitaries and the upper crust of London society since the 1700s, Grosvenor Crescent in Belgravia (Postcode: SW1X) is considered the most expensive street in Britain.

Steps from Hyde Park Corner, Grosvenor Crescent stretches from Duke of Wellington Place to Belgrave Square Garden, within easy walking distance to the upscale shoppes and restaurants of Motcomb Street and Brompton Road, St. Pauls Church, Knightsbridge, The Caledonian Club, Royal Thames Yacht Club, Harrods, Lowndes Square, Wellington Arch and Hard Rock Cafe London.

Grosvenor Crescent now and historically:

• Part of the Five Corners in the 1700s, modern day Grosvenor Crescent was laid out in 1837, but many of its buildings were not completed until 1860.
• The north terrace of Grosvenor Crescent was designed and built by Seth Smith, while the south terrace is courtesy of Thomas Cubitt.
• Beginning in 1871, Queen Victoria’s daughter Princess Louise, Duchess of Argyll, and her husband, the Marquis of Lorne, leased No. 1 Grosvenor Crescent and converted it into their London home.
• The Lanesborough Hotel is situated where Grosvenor Crescent meets Hyde Park Corner. The landmark building, formerly known as Lanesborough House, was converted into an infirmary in 1733 and became St. George’s Hospital. A new wing was erected in Grosvenor Crescent in 1868, and the building remained virtually unchanged until 1954 when the hospital was relocated to Tooting.
• Previously located at No. 14, the British Red Cross Society is headquartered in No. 9 Grosvenor Crescent.
• In 1857, although many of Grosvenor Crescent’s mansions were still under construction, George Villiers, the 4th Earl of Clarendon, made his home in No. 1.

Property Prices in Grosvenor Crescent

Most recent property sales:

• 3 bedroom, 3 bathroom, 1 reception room flat for£12.7 million on the 3rd of May 2013.
• 3 bedroom terraced house with private courtyard for£15.7 million on the 21st of May 2013.
• 8 bedroom, 8 bathroom, 4 reception room townhouse for£25 million on the 26th of June 2012.
• 3 bedroom, 3 bathroom flat for£10.5 million on the 24th of April 2012.

When browsing Grosvenor Crescent houses for sale, you can expect to see prices between £2,900 and £3,600 per square foot.

Recent property lettings on the market in Grosvenor Crescent:

• 2 bedroom, 2 bathroom, 2 reception room flat to rent for£21,667 PCM or £5,000 pw
• 3 bedroom, 3 bathroom, 2 reception room second floor flat to rent for£51,783 PCM or £11,950 pw
• 4 bedroom, 4 bathroom, 1 reception room mews house to rent for£34,667 PCM or £8,000 pw

When renting property in Grosvenor Crescent, you are likely to see prices ranging from £9.1 per square foot per month to £14.7 per square foot per month.

What to expect if you’re looking to buy in Grosvenor Crescent, Belgravia

With its fantastic central location, historic significance and sophisticated architecture, Grosvenor Crescent is a highly coveted street. Many of the street’s grand mansions have been converted into office space and modern, posh flats, often with 24-hour bespoke concierge, secure underground parking, state-of-the art kitchens and design schemes, and private terraces. At an average sold price of just under £17 million in recent years, Grosvenor Crescent real estate is some of the world’s most exclusive. Prices typically range between £2,900 and £3,600 per square foot.

If you wish to reside in Grosvenor Crescent on a temporary basis, be prepared to pay a handsome sum. Depending on layout, amenities, floor and size, you will likely shell out anywhere from £9,100 to £14,700 monthly for 1,000 square feet of living space. The weekly cost of Grosvenor Crescent property to rent begins at about £5,000 and may exceed £12,000 per week dependent on property features.

The privilege of residing in Grosvenor Crescent and greater Belgravia is a source of pride for the area’s distinguished residents, and it’s a feeling that many buyers want to take advantage of. In order to scoop up Grosvenor Crescent houses for sale as soon as they’re placed on the market, diligence is key.

Buy or rent a property in Grosvenor Crescent

At the heart of London’s luxury property market for more than 55 years, Douglas Lyons and Lyons has access to the best properties in Grosvenor Crescent, Halkin Street and throughout Belgravia and Knightsbridge. Sellers often elect to keep their property off the public market in order to sell or let discreetly. If you’re ready to make your home in one of the swankiest addresses in London, ring Douglas Lyons and Lyons on 020 7235 7933 for an exclusive property list.

Sell or let your Belgravia property with Douglas Lyons and Lyons

Are you looking to sell or let your Belgravia property? For excellent service, accurate valuation and quick sale/letting, contact Douglas Lyons and Lyons on 020 7235 7933 today.

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