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​Property Report August 2002

August 2002

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Mayfair's Finest Properties    

Chesterfield Hill




Grosvenor Square




Freehold Period Townhouse
with Cool & Calm Contemporary Interior



CHESTERFIELD HILL, MAYFAIR W1


Drawing Room, Open Plan Kitchen/Dining Room,
Top Floor Studio Room (Formerly Two Bedrooms
and Bathroom), Three Bedrooms, Two Bathrooms
(One En Suite), Guest Cloakroom, Staff Room
With Shower Room, Utility Room, Cellars.






£2,150,000

Sole Agent





Refurbished Apartment in Premier Garden
Square with Extended Lease



GROSVENOR SQUARE, MAYFAIR W1


Three Reception Rooms, Kitchen,
Three Bedrooms, Two Bathrooms
(One En Suite), Guest Cloakroom,
Lift, 24-Hour Porterage,
125 year lease.






£1,950,000

Sole Agent







Chesterfield Hill






Grosvenor Square




 
Mayfair Market Report

 


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MARKET REPORT -
MAYFAIR STILL STRONG

Sales continue during the “summer recess”! The 3 bedroom penthouse at One Carlos Place has been sold for full asking price (£1.85m) and a two bedroom, 3rd floor walk-up in South Audley Street is under offer on an asking price of £525,000 for a 37 year lease.

SPEED OF SALES – SPEEDY SALE
POSSIBLE BUT 4 MONTH AVERAGE!

Our database indicates that 20 properties have sold since the beginning of July from a short lease 2 bedroom flat off Berkeley Square @ £295,000 to a split level penthouse overlooking Green Park @ £8.5 million. It is interesting to note that one house sale in Hill Street @ £2.5 million had been on the market since October 1997 but a duplex penthouse overlooking Berkeley Square achieved a record price after being on the market for only 2 months! Thirteen of the properties sold were placed on the market during 2001.

PARK LANE PLACE – RECORD SPEED
OF SALES AT RECORD PRICES

Over the last 6 weeks we have exchanged contracts on 80% of the flats in this luxury development on Park Lane amounting to nearly £20m at average values over £1,000 per square foot (p.s.f.) and headline rate at £1,250 p.s.f. Currently 3 flats are under offer with 2 remaining.

Visit the website at www.parklaneplace.co.uk



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