![]() ![]() He continues: "Apartments are generally more expensive per square foot than houses, as they are more sought after. More: Discover How Mayfair Regained Its Crown as the King of London Luxury Real Estate Sebastian de Angelis of Chestertons adds: "The average price per square foot is from £2,500 to £3,000, but prices depend on size and the uniqueness of the property." "The majority of homes cost upwards of £5 million (US$6.24 million)," says Alastair Nicholson, a partner at Knight Frank’s Mayfair office. Wetherall found that there are more than 2,000 millionaires living in Mayfair on a full- or part-time basis. Unsurprisingly, it is home to a high concentration of millionaires. When it comes to three-bedroom homes, the price depends on the size of the property.Īccording to a recent report by the estate agent Wetherall, 50% of homes are worth between £2 million (US$2.48 million) to £10 million (US$12 million) and 45% are valued at over £10 million. One-bedroom flats cost between £950,000 (US$1.19 million) and £1.5 million (US$1.87 million) and two-bedroom flats range from £1.8 million (US$2.25 million) to £3 million (US$3.75 million). You need a budget of at least £1 million (US$1.25 million) to buy a home here. Green spaces within the enclave include Grosvenor Square, Berkeley Square Gardens and Mount Street Gardens. The western edge borders Hyde Park and the southwest corner is by Green Park. ![]() ![]() Mayfair is bordered by Oxford Street to the north, Regent Street to the east, Park Lane to the west and Piccadilly to the south. More: Click to Learn About Mayfair’s Luxury Housing Market Sees Renaissance Famously the most expensive square on the London Monopoly Board, the neighborhood has seen a surge in popularity over the past decade and is now regarded as one of Britain’s most exclusive and expensive districts. Known for its classic, upscale shops, sumptuous hotels and traditional private members’ clubs, Mayfair has long been regarded as a smart address. ![]()
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