July 2007

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Mayfairs Finest Properties


Shepherd's Place
 Shepherd's Place
 Shepherd's Place
 Shepherd's Place
 Shepherd's Place
 Shepherd's Place
 Shepherd's Place
 Shepherd's Place
 Shepherd's Place
Shepherd's Place
 Shepherd's Place
Shepherd's Place
Shepherd's Place

S H E P H E R D ' S   P L A C E
M A Y F A I R    W 1

An extremely rare Mayfair house - double fronted and built over only three storeys
plus a generous basement and attic.

Reception Hall, Reception Room, Dining Room, Servery with Dumb Waiter to Kitchen, Library,
Master Bedroom with Sitting Area, Dressing Area and En Suite Bathroom, Guest Bedroom
with En Suite Bathroom, Third Bedroom, Bathroom, Kitchen, Utility Room, Staff room
with En Suite Bathroom, Cloakroom, Domestic Stores, Air Conditioning, Multi Room
Music System, 4,548 square feet, x year lease

£7,250,000

SOLE AGENT


Derby Street
 Derby Street
 DERBY STREET, MAYFAIR W1

Located in this quiet street off Curzon Street, this period house has undergone refurbishment including a west facing roof terrace and a lower ground floor family room or self contained accommodation.

Entrance Hall, Two Reception Rooms, Study, Kitchen, Master Bedroom with En Suite Bathroom and Dressing Room, Guest Bedroom with En Suite Bathroom and Dressing Room, Two Further Bedrooms, Bathroom, Roof Terrace, 2,708 square feet, 740 year lease

£3,400,000
Derby Street

Upper Brook Street
 Upper Brook Street
 UPPER BROOK STREET, MAYFAIR W1

A beautifully refurbished and spacious four bedroom maisonette arranged over the ground and lower ground floors of an impressive period building next door to Le Gavroche Restaurant.

Entrance Hall, Reception Room, Dining Room, Kitchen / Breakfast Room with Balcony, Master Bedroom with En Suite Bathroom and Dressing Room, Three Further Bedrooms all with En Suite Bathrooms, Gym with Hot Tub and Steam Room, Patio, Porter, 2,931 square feet, 107 year lease

£3,595,000
Upper Brook Street

Broadbent Street
 BROADBENT STREET, MAYFAIR W1

Exquisite flat with charm in discreet Edwardian block behind Berkeley Square and moments from Bond Street.

Entrance Hall, Reception Room, Dining Room, Kitchen / Breakfast Room, Master Bedroom with En Suite Bathroom, Bedroom Two, Shower Room, Independent Gas Central Heating, 1,471 square feet, 19 year lease

£1,175,000

Sole Agent

Clarges Street
 CLARGES STREET, MAYFAIR W1

Unmodernised first floor flat off Piccadilly with great potential as a perfect rental investment or pied-à-terre.

Entrance Hall, Reception Room, Kitchenette, Master Bedroom, Bathroom, Independent Air Cooling / Heating, Lift, 471 square feet, 48 year lease

£450,000

Sole Agent


New Properties
Green Street
 Woods Mews
 Mount Street
Mayfair Minimal Space

Green Street,
Mayfair W1

A great sized 2 bedroom, 2 bathroom property situated on the 2nd floor of this typical Mayfair red brick building with wood floors throughout and a lift.

Large Reception Room, Kitchen, Two Double Bedrooms, Two Bathrooms, Lift

FURNISHED/UNFURNISHED
£1,000 PER WEEK
 Quiet Mews Living

Woods Mews,
Mayfair W1

Beautifully refurbished three bedroom maisonette situated on the 1st and 2nd floors of this quiet mews only a couple of minutes walk from Hyde Park and Oxford Street.

3 Double Bedrooms, 2 Bathrooms (1 En Suite), Fully Fitted Kitchen, Double Reception Room, Dining Room, Balcony, Security Alarm, Video Entry System

FURNISHED
£1,900 PER WEEK
 Interior Designed Haven

Mount Street,
Mayfair W1

A recently refurbished two/three bedroom apartment on the 2nd floor of this period building overlooking Berkeley Square.

Master Bedroom with En Suite, Double Bedroom with En Suite, Shower Room, Dining Room/3rd Bedroom, Kitchen, Entrance Hall, Reception Room, Kitchen, Lift

FURNISHED
£5,000 PER WEEK





If you think it’s expensive to



             wait until you hire an amateur
              

This quote by the late Paul “Red” Adair (the famous fire fighter who put out the oil-well fires of the world) is as apt today for any business but no more so at the moment than to the property market in central London with its ever increasing values.


   
Logo                

Why Wetherell

No-one knows Mayfair
Better than Wetherell

Wetherell is a mature, well
respected company that has created
a “niche boutique estate agency”
that is identified as the specialist
estate agent for central London’s
prime residential area of Mayfair.

Mayfair’s Market Leaders

Wetherell is the leading specialist
estate agent in the area with a major
market share of residential sales at
the top end of the market. Sales by
Volume for houses showed
Wetherell having a 36% market
share in 2006.

Bringing Residential Life
Back to Mayfair

The company has an expanding
lettings business after opening its
second shop in Mount Street this
year, a dominant development
department which has created 250
new residential units in the area with
over 65 new units in planning or
development plus an active Valuation
Department dealing with Leasehold
Reform Act valuation advice.

      
 
 

 

Market Leaders in
Residential Developments

Development sales to date are in excess of
£200M and Wetherell are currently advising
on future schemes totalling over £200M.

Reputation

Wetherell have an outstanding reputation as
the specialists in the area with a high
percentage of sales coming from
recommendations or referrals.

Marketing and PR

Acknowledged for our marketing material
for individual and development sales plus
our active PR department for articles in
national and international press.

Wetherell Website

In the top 5 for search engines seeking
Mayfair property.

Professional

Wetherell act for the major landlords in the
area advising on Valuations for sale and
rental, developments and Leasehold Reform
Act valuations.

Passion

Widely acknowledged by Landlords and
Competitors as being the force behind the
revival of the area as a prime residential location.


Green Park
 Heart of Mayfair
CLOSE TO GREEN PARK - £450,000

A 1st floor flat with high ceilings
in a period building
 HEART OF MAYFAIR VILLAGE - £1,350 P.W.

Interior designed top floor maisonette with
feature “pepper pot” reception room
   Value

When selling prime property in a fast moving marketplace, seek advice from the specialist agent who really knows the market. Trying to save money by selling privately could cost you far more than the commission fees you think you are saving!

    Don't Undersell

Record values are 20-40% up: A recent example was a client of ours who was contemplating selling to a neighbour for what he thought was a good price but we could achieve far more. Once we had arranged the deal it was 40% more than he had originally agreed and we created a new market record.
Grosvenor Square
 Mayfair Village
GROSVENOR SQUARE - 2,100 SQ.FT.

Sold by Wetherell 25 years ago for £300,000,
recently acquired by Wetherell for £3M+

 MAYFAIR VILLAGE

Wetherell “Off market” 2 bedroom flat that
went to best bids and sold for £1.4M
Wetherell


Bond Street
 Green Street
CLOSE TO BOND STREET - £1.175M

2nd floor 4 room mansion flat
in Edwardian building
 GREEN STREET - £1.5M

2nd floor two bedroom flat with high
ceilings and south facing
  
Secret Gardens

SECRET GARDENS

Wetherell sold a period house backing onto
communal gardens, last year at a freehold
value of £4M and this year at £5M
    Values

In 2006 the market moved for Mayfair
residential sales at figures between 15 -
25%. With 6 months behind us for
2007 it is still too early to quote
percentages but the continuing low
supply and high demand is showing
further rapid growth. But Mayfair is still
cheaper than Belgravia, where prices
have risen again to new record levels!
 
 
Wetherell


Upper Brook Street
 St. James's
UPPER BROOK STREET - £3.59M

Ground and garden maisonette
with private spa
 ST. JAMES'S SW1 - £6.95M

Volumetric Penthouse overlooking
St. James’s Palace
  
Upper Brook Street

UPPER BROOK STREET - 12,000 SQ.FT.

Instructed by Grosvenor, Wetherell conducted
75 viewings, 10 offers and sold in excess
of 20% over asking price of £15M

    Records

A recent example of record demand on a sale was 40 Upper Brook Street, an unmodernised period house and adjoining mews offered by Grosvenor through Wetherell and Savills at a guide of £15M. Within 6 weeks we had conducted 75 viewings, had 10 offers and sold at over 20% of the guide price.
Wetherell and Knight Frank are now marketing a further freehold period Grade II listed Georgian house and mews on a guide price £17.5M +
A smaller town house in Culross Street with garden and garage has just been sold at a record price achieving over £1,500 p.s.f. and a large unmodernised period house in prime Mayfair which Wetherell sold only 6 months ago is now obtaining bids of over 30% more.
The record of records though goes to the former US Naval offices in Grosvenor Square that have just sold for £250M with plans for a residential scheme of luxury flats, a great shout of support for Mayfair values, as it equates to a figure well in excess of £2,000 per square foot for prime unmodernised stock.
Wetherell


Prime Mayfair
 Park Street
PRIME MAYFAIR - £7.25M

Rare low built, double fronted house in
private, traffic free “place”
 PARK STREET - £6,750 P.W.

Outstanding 3,500 sq.ft. maisonette finished to
highest standards by leading interior designers
 
Deal

The most frustrating aspect of this market for purchasers is the “off market deal”. Forget modern selling technology through the internet and e-mails, the only way to hear about the availability of a new property is to be in constant contact with your estate agent. Wetherell data for the first 4 months of this year indicates that there were 77 sales worth £193M compared to 156 for the whole of 2006. Nearly half of 2006 deals in a third of the time, so the deals are out there you just need to know who to talk to!
  

HISTORICAL DETAILS HELP SALE

With a quarter of a century of archive sales details Wetherell usually have back up marketing material
  Purchaser Fatigue

Of the small amount of stock “available” over 30% is under offer leaving very little to chose from. Wetherell have never known such a thin market but then again we have also never known such an exciting one. A word of warning though, low stock, high prices and constantly losing out to competitive buyers can often wear out the enthusiasm of the buyers. They might just pack their bags for summer and wait and see what happens in the autumn.

  
     and then the dreaded phrase
Wetherell


 
Two Offices     
Wetherell Sales
 Wetherell Lettings
Wetherell Sales

102 MOUNT STREET
LONDON   W1K 2TH

Telephone

sales@wetherell.co.uk

 Wetherell Lettings

104 MOUNT STREET
 LONDON   W1K 2TL

Telephone

rentals@wetherell.co.uk
Wetherell



NAEA
 
 
 

 Mayfair's Leading Estate Agent

Wetherell

Telephone


We sell well

 Ombudsman Scheme
 
 
 
No.130 102, Mount Street, Mayfair, London W1K 2TH JULY 2007