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Latest Mayfair Market Report

Want to know what's happening in Mayfair? Read the latest market report from the area's property expert; Peter Wetherell of Wetherells.

The Mayfair Summer Market has begun

ROYAL WEDDING EFFECT
With the wonderful events of the Royal Wedding behind us it is interesting to note that the slow down effect last month was not just local but global with our website traffic down 50%. Thankfully it is now getting back to normal with interest and demand on the increase although the number of new instructions is still weak.

RICH LIST
The Sunday Times Rich List 2011 (just been published) is again populated with an enormous amount of Mayfair Aficionados with the highest proportion having their wealth in land and property. For Mayfair, the top 50 Hedge Fund Managers have wealth totalling over £12BN and over half of the wealth in based in London and the South East.

I also noticed this year that a number of our wealthy clients who have been “below the radar” for many years have now appeared in the rich list for the first time - to their horror and dismay!

TEA ON “THE WORLD”
For those HNWIs (you know who you are) I have a unique opportunity – The World, the largest privately owned residential yacht on the seas, arrives back in England after 4 years. They have a number of newly refurbished Showcase Apartments available for sale and I will be hosting an afternoon tea when it moors at Greenwich on Monday 6th June. The World visits over 100 destinations a year. Please contact me for details.

ST TROPEZ
Keeping up the Wetherell International theme we are also offering a stunning waterfront property in Old Town of St Tropez with direct beach access. With stunning Mediterranean views from every window and the sound of waves gently lapping the shore, plus cocktails on the private roof terrace – this 2 bedroom former rustic fisherman’s house is for sale at 2.8M Euros.

MAYFAIR STOP PRESS
Closer to home the residential Mayfair market continues onwards and upwards as does the whole of the Mayfair area.

3 Shepherds Close, W1K 6EA, £7,250,000

A low built freehold house (3,251 sq ft) in this exclusive gated enclave of just 3 houses, a few hundred metres from Grosvenor Square.

Flat 1 51 South Street, W1J 5PA, £3,250,000
A grand 4 bedroom apartment of 1,863 Square feet with impressive ceiling heights on the raised Ground floor of this popular portered mansion block behind the Mount Street gardens.

3 6 Dunraven Street, W1K 7FD, £575 per week
A newly renovated one bedroom apartment on this quiet Mayfair Street.

5 47 South Street, W1K 2XQ, £850,000
A glorious 1/2 bedroom penthouse overlooking the Mount Street Gardens and with a south facing roof terrace. The flat has been beautifully finished with mahogany flooring throughout, air conditioning in the bedroom and exquisite marble bathrooms.

5 47 South Street, W1K 2XQ, £1,450 per week
A glorious 1/2 bedroom penthouse overlooking the Mount Street Gardens and with a south facing roof terrace. The flat has been beautifully finished with mahogany flooring throughout, air conditioning in the bedroom and exquisite marble bathrooms.

18 47 Grosvenor Square, W1K 2HS, £1,500 per week
A very light and spacious two bedroom lower ground floor apartment located in this smart and well run portered block. The large L shape reception room is perfect for entertaining and opens on to a large private patio.

Flat 8 1C King Street, SW1Y 6QG, £4,950,000
An immaculate two bedroom apartment just off St James's Square with 24 hour uniformed concierge and a share of the freehold

Flat 2 63a South Audley Street, W1K 2QS, £1,250,000
A top floor loft style apartment (over 1,000 square feet) with a roof terrace plus views towards the Mount Street Gardens.

25 51 South Street, W1K 2XL, £1,175 per week
A new and impressive two bedroom lower ground floor flat in this sought after Mayfair block with 24 hour porters and overlooking the Mount Street Gardens.

4 3 Stanhope Gate, W1K 1AG, £2,850,000
This bright and spacious apartment of 2,056 square feet benefits from 3 good sized double bedrooms, 2 large bathrooms as well as a double reception room and separate dining room.