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​Property Report November 2004

November 2004

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Mayfair's Finest Properties

Dunraven Street
          Clarges Street



DUNRAVEN STREET, MAYFAIR W1

Refurbished Duplex Flat
in Freehold Period Building


Entrance Hall, Reception Room,
Dining Room, Kitchen, Two Bedrooms,
Bathroom, Shower Room, Guest
Cloakroom, 1,517 Square Feet.




£850,000




         


CLARGES STREET, MAYFAIR W1

Light & Bright West
Facing Flat In Portered Block


Entrance Hall, Reception Room,
Kitchen, Bedroom with En Suite
Bathroom, Bedroom Two, Shower
Room, Porter, Lift, 880 Square Feet.




£685,000




Upper Grosvenor Street
          Brick Street



UPPER GROSVENOR STREET,
MAYFAIR W1


Refurbished Sixth Floor Flat
in Portered Block


Entrance Hall, Reception Room
with Dining Area, Kitchen, Two
Bedrooms with En Suite Bathrooms,
Bedroom Three / Study, Guest
Cloakroom, Lift, Porter, Approximately
1,200 Square Feet.






£775,000




         


BRICK STREET,
MAYFAIR W1


Create A Sixth Floor Apartment
of Nearly 4,000 Square Feet


Currently two separate flats, each flat
comprises: Double Reception with Enclosed
Balcony, Master Bedroom with En Suite
Bathroom, Second Bedroom with En Suite
Bathroom, Third Bedroom with En Suite
Shower Room, Kitchen.






£2,700,000




Mayfair
       MAYFAIR W1

A Rare Double Fronted Freehold
House, Emanating From 1733,
Backing Onto and With Access
to Private Gardens




Entrance Hall, Drawing Room, Dining Room, Study, Kitchen / Breakfast Room, Guest Cloakroom, Master Bedroom With En-Suite Bathroom And Dressing Room, Five Further Bedrooms, Two Further Bathrooms, Staff Suite Of Two Rooms, Kitchen & Bathroom, Cellar, 4,813 Square Feet.

Sole Agent

£4,000,000




       Grosvenor

       UNMODERNISED 3RD/4TH FLOOR MAISONETTE

       

       DUNRAVEN STREET

       MAYFAIR W1

  • 2/3 Bedrooms
  • Reception Room
  • Kitchen/Dining Room
  • Bathroom
  • Shower Room
  • Large Attic


         New 125 year Lease

         Offers in excess of £500,000

          (Closing date to be confirmed)





  


Mayfair

London's latest village
                                                                  Country Life 21st October 2004

80+

Since 1990 Wetherell have been involved in the conversion of over 80 office buildings back to their original residential use.

£150m+

As Mayfair’s specialist estate agent we are currently marketing over £150m worth of Mayfair’s finest properties.

£65m+

We presently have 22 buyers who are desperately seeking homes with a buying power of £65m.

50%+

Over half of our buyers already have a Mayfair address.

   Desperately Seeking…

  • Six young and expanding Families desperately in need of comfortable accommodation and outdoors space. Refurbishment works not a problem. Price range £2-6m.
  • Nine Couples / Singles wanting fresh lateral living. One to three bedrooms ranging from 1,000-3,000 square feet. Price range £500,000- £3m.
  • Two Mayfair based Investors looking to expand existing property portfolios, owing to the upturn in the rentals market. Everything considered, individual lot sizes up to £1.5m.
  • Newly Married Couple, already living in Mayfair, looking for flat or house with 2 or more bedrooms; prepared to do work and short lease acceptable. Price £1.5m+.
  • Two ‘ready to go’ buyers both in need of a Pied-à-Terre must be two bedrooms and ideally in Mayfair Village but pragmatic about lease length and condition. Both prepared to pay circa £1m.
  • Two Companies both requiring multiple flats in one building. Ideally with porter and good common areas, parking beneficial but not prerequisite. Leases in excess of 50 years, total allocated funds of £4m each.


TODAY IS THE TOMORROW I WORRIED ABOUT YESTERDAY…
AND IT NEVER HAPPENED!!

Casual reading of health scare articles would result in you eating nothing! Likewise, property articles would leave you very confused and give you cause for hesitation. However, people buy and sell property every day – indeed the latest Land Registry Report shows that average prices are up on last year, as is the volume of sales (FACT: In England & Wales the volume of sales for properties between £1,25m and £1,5m were up by 88% and up 22% over £2,000,000, see www.landregistry.gov.uk).

SHOULD I BUY? In looking at the strength of the Mayfair market look at the evidence:

  • The developers are still investing and record prices are still being achieved
  • Lack of property still tips the supply and demand balance
  • Sustained demand supports the old adage of “location, location, location”

Q.    “Can I still buy a Mayfair property before Christmas?”
A.    As an Estate Agent of course the answer would be yes!
However you only have 6 weeks which is 30 working days and therefore you should only look at properties where the vendor has no chain (i.e. not buying and selling) and is able to sell immediately.

WETHERELL’S TOP TEN


NAEA
 
 
 






Mayfair’s Leading Estate Agent

Wetherell

Telephone

We sell well


Ombudsman Scheme
 
 
 






No.98 102, Mount Street, Mayfair, London W1K 2TH NOVEMBER 2004








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