Maida Vale is a luxurious neighbourhood famed for its tranquil canals decorated with beautiful houseboats, picturesque tree-lined streets, Regency stucco terraced town houses, and the renowned Maida Vale Studios. When local residents refer to Maida Vale, they talk of the sense of calm in the area that you don’t find anywhere else in the capital. It is widely believed that Lord Byron gave the area its name, as it reminded him of the canal network in Venice. The average house price in Maida Vale, reported by Zoopla, stood at £995,038 in March 2018; compared to the average property price of £485,500 throughout London. Nearly all homes in the area are apartment's, and homeowners may pay over £2,000,000 for apartments on prime streets in Little Venice, such as Blomfield Road, Clifton Gardens and Warrington Crescent.
West Maida Vale is still in its gentrification process, and features homes that falls below the average listing price compared to neighbouring Little Venice and Queens Park. There is still a 20 percent price difference between the two areas, less than the 40 percent in 2013, but the gap is looking to close more as a result of the 6 phase, South Kilburn Regeneration Programme.
The area has an extensive rental market featuring homes with an average price of £693 per week.
Be a Londoner reports that the median age in Maida Vale is around 33. The median annual household income is around £40,000. 45 percent of residents live alone, while the second largest demographic of residents are households with dependant children, falling at just over 33 percent. Long term vacant dwellings and second homes located in the area make up just 4 percent. The majority of residents live in the area between 3 to 10 years which is considerable higher than the average. The majority of residents In Maida Vale are in full time employment and are qualified to degree level.
Residents can easily enjoy access to many of the city’s parks with the use of public transport. Within Maida Vale, residents can take advantage of Paddington recreation centre with its park, gym and outdoor sports facilities. The Canal provide a pleasant area for walking, head towards Regents Park and enjoy an atmosphere not dissimilar to the English countryside, and head toward Blomfield Road, and the neighbourhood fells more town like, reflective of the streets in a Jane Austen novel.
A regular waterbus service operates from Little Venice eastwards around Regents Park, calling at London Zoo and Camden Town.
The Waterway has established itself as one of Maida Vale’s best local restaurants and one of London’s greatest outdoor terraces with spectacular views overlooking the Grand canal. Sister restaurant, The Summerhouse is a seafood Establishment located right on the canal and is perfect for any diner looking excellent food overlooking the Water.
Clifton Road offers an array of casual restaurants. Baker and Spice is a home from home bakery offering an original selection of sweet and savoury delights all made from scratch that day.
Maguro, conveniently located behind Clifton Road, is regarded by many residents as the freshest place to eat sushi in London and provides a unique and exciting dining experience. Cafe Laville, a restaurant set over the water is definitely the place to head if you are looking for an experience you cannot forget.
Over recent years Formosa Street, located within the heart of Little Venice has become a destination for restaurants. Its longest standing member, Red Pepper, has been serving up pizza and Italian classics since 1994 and has become many residents second Kitchen. New arrivals, such as; Les Petits Gourmets, Toast and Boca Cha Cha are increasing in popularity and tables fill up fast.
Last but not least, Kateh a popular Persian restaurant is a must visit dining destination for romantic couples, families and friends looking for excellent fine cuisine.
Although Maida Vale is not well known as a shopping destination, there are a handful of high-end boutiques, such as; Pipa, Masiel Bebe, Absolute Flowers and Clifton Gardens. Local residents travel a short journey to Marylebone, the closest and most convenient shopping area with and extenisve selections of shops.