Mayfair Property – Do you know the Facts and Figures?
Our strategy remains to can guide you to the right places to identify property values and yields. Today’s we will be focusing on the area of Mayfair, along with other useful property related information so you can make sure you get all the information you need about your future investments. Here are just a few property facts about our town of Mayfair.
Mayfair falls in the W1J (South – Piccadilly) and W1K (North – Grosvenor Square) postcode area, specifically the new road behind Charges Mayfair. Ashburton Place postcode is W1J 8SA.
The average current value for a detached property in Mayfair is estimated to be at around £3.5m. The average price paid in the last 12m for a detached property was £7.1M.
Compared to a Semi-detached property which has an average current value of £5.5m.
Flats have an average current value of £2.35m and average price per sq ft of £2,113.
Current rental asking prices range from £121,746 pcm to £4,332 pcm. This includes all types of properties ranging from 5 bed houses to 1 bed flats.
The top 5 highest value streets in Primrose Hill are as follows:
Ashburton Place – has average property value of £25,000,000
Mount Street- has average property value of £8,483,333
Davies Street – has average property value of £5,115,338
Grosvenor Square – has average property value of £3,2958,623
Park Lane – has average property value of £3,015,464
Mayfair can be a lucrative investment area or a nice London home, it attracts the world’s wealthiest individuals.
Disclaimer: This blog was made before the current world wide pandemic (Coronavirus), and we expect the figure below to change after.