If you were looking to make your own mark in the area of Mayfair, then investing in the right property is going to be key. Moving to such a location is going to be a huge decision but this much sought after central London area which has a sense of a community village rather than a metropolitan area is loved by many.
In 2021, the average house price in Mayfair was £3,426,130. And the majority of opportunities come in the form of modern apartment conversions. 1-bed apartments start at around the £500K mark. But a 3-bed can range anywhere from £1 million to £6 million.
Georgian townhouses in Mayfair are common, many of which have undergone complete restoration over the last 200 years. Whilst their prices can vary greatly, don’t expect to see any under £3million pounds with many even topping the £20 million pound price tag.
One such example is a recent listing in South Street Mayfair. South Street lies close to the exclusive boutiques of Mount Street,
Hyde Park and the West End, and forms a terrace of original design with no parallel in Mayfair with its mix of Gothic, Francois Premier, Jacobean and Queen Anne’ sources.
Hill Street, Mayfair
Hill Street runs from South Audley Street through to Berkeley Square and is only moments from the Michelin star restaurants and boutique shops of Mount Street. It is another impressive area to live in.
Located just off New Bond Street and Regent Street, Maddox Street is surrounded by some of Mayfair’s finest shopping spots, with an array of designer boutiques and luxury jewellers.
If you were looking for a rental property, they are still common in Mayfair, but just not as popular as owning a place. Studio flats will start at around £500 p/w. But if we start looking towards 2 or 3-bed properties, then we can expect to see prices between £1500 and £3500 p/w as a ballpark figure.