Market Place, London
Market Street is a compact yet distinctive street in Fitzrovia, part of the City of Westminster in London. Despite its modest length, the street is notable for comprising three distinct one-way segments that interlink with nearby roads in a loop-like fashion.
Layout and Location
The three segments of Market Street form a small network of one-way connections between key streets in Fitzrovia. Each segment serves a specific traffic direction, contributing to the flow of vehicles in this busy part of the West End.
- First segment: Runs from Great Portland Street eastward to Great Titchfield Street.
- Second segment: Begins at Great Castle Street and continues north to meet the first segment at Market Place.
- Third segment: Connects Great Titchfield Street to Great Castle Street, creating a circular route around Market Place.
Nearby streets include Margaret Street to the north and Oxford Street to the south, placing Market Street within easy reach of some of London's busiest commercial areas.
History of Market Street
Market Street was laid out in the early 19th century as part of the urban development of Marylebone and the growing Fitzrovia district. This area of London transitioned from farmland and market gardens into a network of residential streets, small commercial premises, and artisan workshops during the Georgian and Victorian eras.
The name Market Street is straightforward in origin. It reflects the street's proximity to local markets and trading areas that historically existed nearby. The word Market is pronounced MAR-ket /ˈmɑːrkɪt/ in the International Phonetic Alphabet (IPA).
Points of Interest Nearby
Although Market Street itself is relatively quiet compared to surrounding thoroughfares, it is ideally located for exploring nearby attractions and commercial hotspots:
- Oxford Street: London's iconic shopping destination, located just south of Market Street, is home to major retailers, department stores, and global brands.
- Market Place: A small pedestrian-friendly square featuring cafes, restaurants, and outdoor seating, providing a popular meeting spot for locals and visitors.
- Broadcasting House: The BBC headquarters is located nearby at Portland Place, a landmark in British media history.
- All Souls Church: A Grade I-listed church built in 1824, standing prominently at the top of Regent Street.
Real Estate in Market Street
As of July 2025, residential property in and around Market Street remains highly sought-after, reflecting the prime location in the West End of London. Properties here typically consist of compact apartments or flats, with sizes ranging from 500 sq ft (46.5 sq m) for a one-bedroom flat to around 1,200 sq ft (111.5 sq m) for larger apartments.
Sale prices: One-bedroom flats generally fetch between £900,000 and £1.2 million, while two-bedroom apartments may range from £1.5 million to £2.2 million, depending on their exact location, floor level, and amenities.
Rental prices: As of mid-2025, rental rates for one-bedroom flats average £3,500 to £4,200 per month, while two-bedroom apartments rent for between £5,000 and £6,500 per month.
These prices are notably higher than the London average, reflecting Market Street's proximity to Oxford Street and the West End.
Public Transport Connections
Nearest London Underground Stations
- Oxford Circus Station: Served by the Bakerloo, Central, and Victoria lines. Approximately a 4-minute walk from Market Street.
- Bond Street Station: Served by the Central, Jubilee, and Elizabeth lines.
- Goodge Street Station: Served by the Northern line, about a 10-minute walk to the northeast.
Bus Services
Several bus routes operate along Oxford Street and Margaret Street, offering frequent services to locations throughout central London. The nearest bus stops include:
- Oxford Circus bus stops: Served by numerous routes including 7, 55, 73, 98, and 390.
- Great Portland Street bus stops: Serving routes such as 88 and 453.
Fun Fact
Market Street is part of one of the few loops of one-way streets in Fitzrovia that allow for continuous circulation of local traffic without returning directly to Oxford Street. This makes it a convenient shortcut for taxis and delivery vehicles avoiding the main thoroughfare.
Quick Facts
- Market Street is located in Fitzrovia, City of Westminster.
- It consists of three one-way segments connecting Great Portland Street, Great Titchfield Street, Great Castle Street, and Market Place.
- The street dates back to the early 19th century.
- The name reflects the street's historical association with nearby markets.
- Pronounced MAR-ket /ˈmɑːrkɪt/.
- Nearby attractions include Oxford Street, Market Place, and Broadcasting House.
- Property prices (July 2025): £900,000–£2.2 million to buy, £3,500–£6,500 per month to rent.
- Nearest Underground stations: Oxford Circus, Bond Street, and Goodge Street.
- Nearby bus stops: Oxford Circus and Great Portland Street.
- Fun fact: Market Street forms part of a continuous one-way loop for local traffic.
References
- Rightmove: Fitzrovia Property Prices
- London.gov.uk: Planning and Development History
- Transport for London Bus Maps
Map of Market Place, London
Painting of Market Place
Painting of Market Place
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