Aldgate is in the City of London but close to the border with the East End. Indeed, it’s name is taken from a gate in the ancient wall which used to surround London. Like the name ‘London’ itself, the origin of Aldgate’s name has been somewhat lost in the mists of time. Apparently it’s not simply ‘Old Gate’, but may have been the much more promising ‘Ale Gate’.
This area is known in the property development world as ‘City Fringe’. It is a sliver of the eastern city of London which has recently seen significant residential development in an otherwise intensely office-centric district. That means that residents have the best of both worlds. Sensible city life on the one hand, and edgy east end life on the other, as their mood dictates.
But where are the best places to live in Aldgate? The best way to find out is by asking the people who already live there, and we did exactly that! Every day we speak to hundreds of locals across the capital. We ask what they think not only about their area but also their specific homes. Here are the answers.
So there we have it, the lowdown on the top 5 residential developments in Aldgate.
Prices and rents in Aldgate
The average price of a two-bedroom flat in Aldgate is £826,000. The average rent for a 2-bed property is £2,500 per month. Since 2006, property prices in the area have increased by around 9.5 per cent per year.
