Only apples for sale in Mayfair!
Why is an estate agent saying that he will soon be selling apples when he should be selling property?
Like most areas of central London Mayfair is currently suffering a shortage or property.
Following a brisk 1993 when Wetherell sold over £35 million worth of property the start of 1994 has shown a continued demand for prime residential property.
Deals up & down
Lack of Property
|17 X ONE BEDROOM||Five flats are available in one building on 39 year leases. Other prices range from £79,500 up to £225,000 for a freehold house.|
|28 X TWO BEDROOM||
The cheapest is by the Hilton in a mansion block at £115,000. Most range between £200-400,000 with leases between 10-120 years depending on location.
In the £400,000 plus range the most expensive at £1,95M is in Grosvenor Square and a penthouse in Upper Grosvenor Street for £895,000 has a roof terrace overlooking rooftops.
|25 X THREE BEDROOM||£190,000 will buy a 28 year lease off Park Lane in Green Street. A penthouse overlooking Grosvenor Square on a 26 year lease is for £350,000. Flats in modern blocks on long leases start either side of £400,000 and a penthouse off Berkeley Square is £550,000.|
|9 X FOUR BEDROOM||£535,000 buys you a 124 year lease in Aldford House situated on Park Lane and £625,000d purchases a FREEHOLD house in Park Street. £1M buys a penthouse off Berkeley Sq. on a 38 year lease and £2.5M buys a penthouse overlooking Hyde Park.|
|6 X FIVE BEDROOM||Cheapest house is in South Street and the best value at £795,000 for the 62 year lease. At £1M+, there are two flats, one maisonette and one house.|
|6 X HOUSES||Cheapest house in Mayfair is in Hay's Mews at £197,500 and the most expensive at £1.75M off Grosvenor Square.|
|NOTE||Wetherell have 30% of the market.|
Tel: 0171-493 6935 Fax: 0171-629 9303
|No. 4||102, Mount Street, Mayfair, London W1Y 5HF||MARCH 1994|