Mayfair flat comes to the market for an astounding £5,130 per square foot

If evidence were ever needed to show that “ultra prime” London property has become nothing other than a money park for “ultra high net worth individuals”, today it has been provided with the launch of an £18 million 3,059 square foot apartment on Mayfair’s Grosvenor Square.

Grosvenor Square is set to become London's most expensive square
Grosvenor Square is set to become London’s most expensive square
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The main reception space is some 43 foot in length
The main reception space is some 43 foot in length
The dining room has plainly been stocked by a gin lover given the number of bottles of Hendricks on display
The dining room has plainly been stocked by a gin lover given the number of bottles of Hendricks on display
The master bedroom suite is a similar size to a conventional one bedroom flat
The master bedroom suite is a similar size to a conventional one bedroom flat
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The apartment – which is the most expensive ever to have been released onto the Mayfair market is priced at 72 times the price of an average UK home – comprises of a 43 foot double reception room, a 12 seat dining room and 4 bedrooms. The master suite is 600 square foot in size – the equivalent of a conventional 1 bedroom flat – and even the guest cloakroom is described as “super-sized” at 53 square foot.

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Two stories to keep beside you

A bargain at Beetham – Ashton House, Beetham, Milnthorpe, Cumbria, LA7 7AL – £1.4 million
From the same Steeple territory

A bargain at Beetham

Restored Grade II* listed Georgian mansion in Cumbria for sale for just £190 per square foot (a one bedroom flat for the same asking price in Mayfair is offered at £2,100 per square foot)

Laid Out to Lawn – The Lawn and Lawnside, Selsey Road, North Woodchester, Gloucestershire, GL5 5NG, United Kingdom – For sale for £875,000 ($1.1 million, €992,000 or درهم4.1 million) through Knight Frank – Vast Georgian mansion in Gloucestershire for sale for just £111 per square foot; it seems incredibly cheap compared to One Hyde Park in Knightsbridge, London, where flats once sold for £7,000 per square foot
From the same Steeple territory

Laid Out To Lawn

Vast Georgian mansion in Gloucestershire for sale for just £111 per square foot; it seems incredibly cheap compared to One Hyde Park in Knightsbridge, London, where flats once sold for £7,000 per square foot A substantial 7,895 square five-storey house in North Woodchester, Gloucestershire has gone on sale for £875,000 ($1.1 million, €992,000 or […]

Comparing Grosvenor Square with Eaton Square and Cadogan Square
Comparing Grosvenor Square with Eaton Square and Cadogan Square
Prices per square foot
Prices per square foot
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For sale through market leader Wetherell, the service charge on the fourth floor apartment at 18 Grosvenor Square is an astounding £20,019 per annum whilst the Stamp Duty payable on the purchase will be £1.26 million at 7%.

Peter Wetherell of Wetherell predicts that Mayfair will become a “£10,000 per square foot location within the next decade”. On that basis, a tiny 300 square foot studio would be worth £3 million. You couldn’t make it up.

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