Shepherd Market, Mayfair W.1.
An ideal pied a terre, recently refurbished.
One bedroom, bathroom, reception room, kitchen.
Available furnished for a long let. £325 per week.

Grosvenor Hill, Mayfair W.1
A superb spacious second floor flat.
One bedroom, bathroom, reception room, kitchen, wc.
Available furnished for a long let. £450 per week.

Mount Street, Mayfair W.1
A stunning first floor flat in a period building.
Double reception, kitchen, wc, bedroom, study, bathroom.
Available unfurnished for a long let. £700 per week.

Davies Mews, Mayfair W.1
A top floor spacious flat with a terrace.
Two bedrooms, two bathrooms, wc, reception room, kitchen.
Available furnished for a long let. £750 per week.

Blackburne's Mews, Mayfair W.1
An ideal corporate apartment with terraces and parking.
Three bedrooms, three bathrooms, reception, kitchen, wc.
Available furnished for a long let. £925 per week.

Hill Street, Mayfair W.1
A fabulous newly refurbished townhouse with lift.
Six bedrooms, four receptions, staff suite, kitchen.
Available unfurnished for a long let. £3000 per week.

Mount Street, Mayfair W.1
An exceptional penthouse overlooking Berkeley Square.
Five bedrooms, four bathrooms, two inter-connecting
reception rooms, dining room, kitchen. Roof terrrace.
Available unfurnished for a long let. £3000 per week.
 

Half Year Report    Turnover Down but Prices Up

Wetherell's research has revealed that in the first six months of this year 60 properties have been sold (49 flats and 11 houses), with a total value of £47m and ranging in asking price from £120,000 to £10,500,000. If this rate of turnover continues for the remainder of the year, it will show figures down on 1997, but this is more a reflection on the shortage of properties available; capital values have been increasing at 6.25% since the beginning of the year.

Two bedroom flats, which always represent the majority of sales, now average £425,000 with three bedroom flats averaging £700,000. Although the average achieved rate is £391/square foot, values vary widely depending upon location, condition and length of lease.

Against 23 estate agents that sold properties in Mayfair, Wetherell sold the highest number of properties, from one bedroom flats to a 15,000 sq. ft. mansion, maintaining their position as Mayfair's Leading Estate Agent.

The Next Six Months    Stable Market

'….The market will slow in the next six months……You may get less for it now than you did last year……The London property marketing is softening…….'
Such are recent comments to be found in media reports; the more they are recited, the greater likelihood it will become a self-fulfilling prophecy. The National Association of Estate Agents' latest research revealed that in London and the South East, the majority of estate agents reported that the market was not improving.

Others are now voicing our prediction in January that sustainable growth of 20% per annum would be unlikely through 1998 as it was in 1987. It remains to be seen whether there will be a 'short sharp shock' or an extended 'cooling off' period for the market to find equilibrium between buyers and sellers.

Summary    Realism Required

'Advice is seldom welcome; and those who want it the most, always like it the least'