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London Zone 1 | City of London - The Financial and Commercial Heart

City of London - The Financial and Commercial Heart

 

City of London - Region Background and Development

 

The City of London, also known as the "Square Mile". Originally founded by the Romans around AD 43, it was initially enclosed by a solid wall and covered an area of about half a square mile. Inhabited outside the city walls during the Middle Ages, the area gradually expanded to 1.05 square miles, and by the Victorian period, around the 1860s, the area was known as the "Square Mile".

It is an important financial area of London and the historical centre of London. It gathers important financial institutions and securities centres in the UK and even in Europe. Although it is only about 1 square mile in size, half a million people commute to work every day, and 10 million tourists visit it every year.

City of London - Location and Traffic

 

West Bank is located in the centre of London zone1. The concentration of the financial services industry, the Bank of England, which is in charge of the entire British economy, is also in this area, so it is also called "the City" (or just "City" - with a capital "C" and the whole of London regional distinction).

The zip codes of this area are EC1~EC4 and E1. EC1 includes Clerkenwell, Hatton Garden and Finsbury; EC2 includes Shoreditch; EC3 includes Tower Hamlets; EC4 includes Temple, Fetter Lane and Fleet Street; E1 includes Whitechapel and Stepney.

The West Causeway is one of the most convenient areas for transportation in London. There are six main stations, such as Bank, Liverpool Street, Cannon Street, Fenchurch Street, Moorgate, London Bridge and Blackfriars, as well as the Waterloo & City line connecting Waterloo Station , and the DLR light rail link to Canary Wharf.

City of London - Life and Recreation

 

St Paul's Cathedral

St Paul's Cathedral, one of the most famous landmarks in London, is the fifth largest cathedral in the world. The wedding ceremony of Princess Diana and Prince Charles was held here. It is also the home of many celebrities like "Iron Lady" Thatcher. Resting place, tickets are now £18 for churches and £16 for students.

Address: St. Paul's Churchyard, London EC4M 8AD

Where can I see the magnificent St. Paul's Church for free in the Xidi District? Right at One New Change mall.

As long as you take the elevator to the top floor, you can see the beautiful view of the church. There is a Rooftop Bar next to the top floor, where friends can relax and have a glass of wine. There are also restaurants and shops in the mall. If you haven’t been there, move quickly Bar!

Address: 1 New Change, London EC4M 9AF

Barbican Centre

The art centre regularly holds many music, drama, film, and art exhibitions, and is the largest performing arts centre in Europe.

Address: Silk St, London EC2Y 8DS

The Museum of London

The museum shows the history from prehistoric times to the present. It is near the Barbican Art Center. Friends can enter both attractions at once. The opening hours are from 10 am to 6 pm, and admission is free.

Address: 150 London Wall, London EC2Y 5HN

Duck and Waffle

The restaurant is located on the 40th floor and is open 24 hours a day. You can enjoy the most beautiful view of London when you eat here, overlooking the entire West Causeway. The specialty of this restaurant is the name of the dish, duck and waffles. Friends who want to try it should make an appointment in advance!

Address: Heron Tower, 110 Bishopsgate, London EC2N 4AY

The Ivy City Garden

Since its establishment in 1917, there are currently more than 20 chain stores across the country. The restaurant advocates a simple and comfortable style without many gorgeous decorations. Although the interior is simple and natural, the menu is not vague at all. From curry duck, lamb shoulder, to traditional fish and chips, every dish is carefully prepared. The most famous is Shepherd’s Pie, served with fried eggs and black truffles, which brings a different taste experience to guests.

City of London - Local Education


According to Ofsted, an authoritative office for standards in education in the UK, in the City of London area there are:

 

Primary School

SchoolAgeLocation
Sir John Cass’s CofE3-11St James’s Passage
Virginia3-7Virginia Road

 

Comprehensive school

SchoolAgeLocation
Central Foundation11-18 Boys' schoolCowper Street
Bethnal Green Academy11-18Gosset Street

 

Private school

SchoolAgeLocation
Charterhouse Square3-11Charterhouse Square
St Paul’s Cathedral4-13New Change
City of London10-18 Boys' schoolQueen Victoria Street
City of London Girls’10-18 Girls' schoolSt Giles’ Terrace

 

City of London - Property Market

 

Let's take a look at the housing prices in City of London!

Next, let's look at more detailed statistics about the average price of buying and renting a house:

Today, about 8,000 people live in City of London0, providing more than 50,000 job opportunities. This area mainly lives in some young office workers who like to walk to work, or some older workers who only live on working days and will return to their homes outside of London on holidays, as well as buy-to-let investment Those who wait.

There are also some new buildings in the West Bank area, such as the Milton Court real estate next to the Barbican area, with 284 new houses and a total of 36 floors; the Water Lane real estate by the developer Barratt London, with an average price ranging from £765,000 to £400 million pounds; developer Helical's Barts Square real estate, a total of 145 one- to three-bedroom new houses, with an average price ranging from £790,000 to £4.5 million; developer Redrow's Blake Tower real estate, converted from a YMCA youth hostel, a total of There are 74 new homes ranging from one to three bedrooms, with prices starting at an average of £699,000 for a one-bedroom apartment, £935,000 for a two-bedroom apartment and £1.7 million for a two-bedroom apartment.

 

City of London - Council Tax

 

Council Tax is a tax that you have to pay every month whether you buy or rent a house. It can be classified as a necessary fixed cost, so check the Council Tax in the area before buying or renting a house:

Council RateTax Pay
Brand A£671.46
Brand B£783.37
Brand C£895.26
Brand D£1,007.19
Brand E£1,231.01
Brand F£1,454.83
Brand G£1,678.65
Brand H£2,014.38

 

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Landlord Fees

Letting Only: - 12% (Inc VAT)

Management Only: 7.2% (Inc VAT)

Letting & Management: 19.2% (Inc VAT)

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Tenant Permitted Payments

Refundable Holding deposit: - Capped at 1 weeks rent

Security Deposit: Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent: The agreed monthly rent

Changes to tenancy Capped at £50 inc VAT

Early termination charge: Not exceeding the landlord’s financial losses

Late payment of rent: Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys: Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc: Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme: Membership details C0009130

Property Redress Scheme Membership details TPO N01995