91 PROPERTIES AVAILABLE WITH ASKING VALUE OF £118 MILLION
Busiest Mayfair Market since 1989, but lack of Properties
The first half of this year looks to be firming up as the busiest period since the heady days of 1989, as buyers frustrated by the lack of properties snap up all the available supply of houses and flats for sale in the Mayfair area.
Wetherell's latest "Survey of Mayfair Property" indicates that 53 residential properties were sold in the first four months of the year with a total asking value of nearly £60 million.
The average price, after deducting the larger deals at the top end of the market, was just over £500,000. This sum will still buy a 3 - 4 bedroom flat, although some two bedroom flats are now approaching this figure.
We Sell Well
There are currently only ninety-one properties available in Mayfair with a value of £118 million.
1-2 Bedrooms = 41% of market
|MAYFAIR CHAMBERS W.1||Cheapest one bed flat @ £150,000
Just off Grosvenor Street, an ideal pied-a-terre in heart of Mayfair.
|MOUNT STREET W.1||Best two bedroom flat @ £250,000
Currently arranged as a large one bedroom. South facing.
|PARK STREET W.1||
Three Bedroom flat @ £335,000
Short lease of 26 years but has spacious accommodation.
|SOUTH AUDLEY STREET W.1||
Four bedroom "house" @ £465,000
Own front door to large maisonette with access to secret gardens.
Joint Sole Agent
|GREEN STREET W.1||
Four bed maisonette @ £585,000
A newly decorated ground and lower maisonette with patio.
Joint Sole Agent.
|RED LION YARD W.1||
Freehold House @ £795,000
Backing onto this private yard a 4 bedroom house with garaging.
|MOUNT STREET W.1||
Corner building @ £1M+
Mixed use building suitable as small HQ building with 2 bedroom flat.
J. Sole Agent.
Substantial House with Mews
One of Mayfair's former aristocratic houses reverting back to residential use after 50 years as offices.
For information on either the sales or letting market in the Mayfair area call on
Tel: 0171 493 6935 Fax: 0171 629 9303
|No.15||102, Mount Street, Mayfair, London W1Y 5HF||MAY 1997|