Belgravia is a district in central London in the City of Westminster and the Royal Borough of Kensington and Chelsea. It is noted for its very substantial and expensive properties and is one of the wealthiest residential areas in the world. The district lies mostly to the south-west of Buckingham Palace, and is bounded notionally by Knightsbridge to the north, Grosvenor Place and Buckingham Palace Road to the east, Pimlico Road to the south, and Sloane Street to the west. Belgravia is characterised by grand terraces of white stucco houses, and is focused on Belgrave Square and Eaton Square.