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​Property Report September 2000

September 2000

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The Finest Selection


Berkeley Street
 
  
Berkeley Street,
Mayfair W.1


A selection of flats off Berkeley Square for sale on 999 year leases.


One Bedroom Flats from £310,000
Two Bedroom Flats from £390,000
Three Bedroom Flats from £775,000



Sole Agent



   Carlos Place

Hays Mews,     
Mayfair W.1



Less is more – minimalist
house by renowned architect
John Pawson.


Reception Room, Dining Room,
Kitchen, Master Bedroom with
En Suite Shower Room,
Bedroom Two, Bathroom,
Bedroom Three/Study.
Roof Terrace and Patio
Garden, Garage.







£2,250,000
Sole Agent





Hays Mews    
Carlos Place  
Mayfair W.1



New refurbishment of ten apartments between Grosvenor Square and Berkeley Square.


One Bedroom Flats from £450,000
Three Bedroom Flats from £1,100,000


Joint Sole Agents
Wetherell and Knight Frank



Mount Street
    
Mount Street, Mayfair W.1


Period apartment in Mayfair Village.
Reception Room, Kitchen, Bedroom with En Suite Bathroom, Bedroom Two, Shower Room.

£460,000
Main Agent





Carlton Gardens, St. James’s SW.1


Outstanding apartments adjacent to St. James’s Palace.
Two Duplex Penthouses comprising Double Reception Room, Kitchen, Guest Cloakroom, Three Bedrooms, Two En Suite Bathrooms, En Suite Shower Room. Terrace, Underground Parking.

£3,000,000 & 3,200,000



Apartment comprising Double Reception Room, Kitchen, Guest Cloakroom, Two Bedrooms both with En Suite Bathrooms. Underground Parking.

£3,100,000


Joint Sole Agents
Wetherell and Knight Frank






    
Carlton Gardens

Brisk, Confident, Desirable, Tenacious





Brisk Market

At the time of writing, Wetherell’s analysis of the residential market in Mayfair shows that of the 123 properties on the market, 17% are under offer. Contrary to media comments about the housing market, it is interesting to note that of all the properties that are under offer, only one vendor found it necessary to reduce their asking price before finding a buyer.

Throughout the year the choice for buyers has increased as more properties have become available. In line with Westminster’s policy of clamping down on unlicensed serviced apartments blocks, availability has been enhanced by a number of such buildings coming to the market with the flats being sold individually. Of the 42 flats made available in such buildings, 38% have found buyers.

Confidence

With the supply of properties available, prospective purchasers have the confidence to pay market prices as they are assured that the price they offer is in line with comparable properties. A number of other contributory factors to sustainable growth in the market include the Monetary Policy Committee of the Bank of England deciding to leave interest rates unchanged at 6%, unemployment at a 25 year low (especially in the South East) and London’s pre-eminence as a global capital city.

Desirable

As a place to live, Mayfair’s renaissance continues unabated to the extent that demand is greater than ever for apartments that can be lived in as full time residences. Those who know Mayfair realise that flats in excess of 1,400 square feet are few in number, so at any one time there are proportionately few for sale and when they do become available they are taken up fairly swiftly. It is not unheard of for people to buy a lesser flat in their ultimate building so that when a larger flat becomes available they get to hear about it first. However, with Wetherell’s contacts, historic knowledge and market research we often pip them to the post!

Tenacious

It is said that buying & selling property is one of the three most stressful things one can do in a lifetime. Wetherell believe it should not be like that, as once we have achieved the best price for vendors, it is our tenacious monitoring of the sale, liasing with solicitors, surveyors, landlords and managing agents, which ensures the sale proceeds as unhindered as possible. Only when the vendor actually realises the benefits of the sale and the buyer gets the property they want do we consider our job done.


NAEA


Wetherell


Mayfair’s Leading Estate Agent


Tel: 020-7493 6935     Fax: 020-7629 9303

We sell well

Ombudsman Scheme

No.48 102, Mount Street, Mayfair, London W1Y 5HF SEPTEMBER 2000