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MARYLEBONE AREA GUIDES
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MARYLEBONE, London
Located between the busy shops of Oxford
Circus and the green expanses of Regents Park, Marylebone
has rapidly gained a new fashionable status.
Plagued by traffic and historically populated
largely with offices, the area has seen resurgence as a residential
hot spot over the last decade. A mixture of red brick mansion
blocks, 1930's and 1960's developments dominate around Baker
Street. Property around Marylebone's buzzing High Street comprises
of flats set in elegant Terracotta and Georgian blocks (especially
around Wimpole, Harley and Welbeck Streets) and a number of
mews homes set in quiet cobbled lanes. The area is still largely
owned by Howard de Walden and Portman Estates. Lease length
affects prices.
Local landlord, Howard de Walden Estate,
has gone against the typical trend in London high streets
of only having the usual major chain stores, and has encouraged
smaller retailers and specialist shops, which gives the High
Street a mix of the familiar and individual. The upshot of
this is an attractive and buzzing high-street. The second
is the Jubilee line which runs via Baker Street to Canary
Wharf. The result is a 25 minute direct journey from the heart
of the West End into the core of the financial district.
The result has been a relatively large increase
in prices in general, with the area around the High Street
increasing the most. In the past, like Pimlico, one could
expect a hefty discount from the equivalent properties in
Chelsea, Kensington and Notting Hill. Marylebone maintains
a discount, but it has reduced significantly in the last couple
of years. Properties vary widely in the area: from period
houses, to large mansion blocks, to the Georgian garden squares
of Montagu and Bryanston and all the mews in between.
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