Mayfair and St James's area guide

Summary:

Mayfair, in the centre of London, is a truly exclusive place to live and just a stone's throw away from everything the city has to offer. Located between both Hyde Park and Regent's Park it has over the centuries been the capital's premier residential area. Some of Mayfair's properties date as far back as the 17th century and were intended as homes for aristocrats and 'high society'. During its history, many of these homes disappeared or were taken over by the commercial world when office space became scarce in the city. In more recent years, these lovely Georgian and Victorian buildings have reverted back to their original intention – homes for the rich.

Properties:

Mayfair and St James's are the desired locations of rich bankers, embassy staff and wealthy internationals. Large red brick Georgian and Victorian mansions provide grand, serviced flats and apartments. There are also a number of small cottages and mews properties to the south of the district. St James's has fewer homes as much of its property is now used as offices. Like Marylebone, much of the area is privately owned and hence length of lease is a key factor in valuing property.

Buyers:

The more wealthy professionals and internationals. Foreign executives and their families. W1 is home to many diplomats and embassy staff. The Jubilee line service to the Docklands has also attracted young commuters from the Wharf's banking and legal professions.

Sales Information:

The table below details the most recent sales information for this area, broken down by postcode, property type and average sale value.

Postcode	Detached	Semi-Det	Terraced	Flat / Mais	Total / Average
W1G	- -	- -	- -	9 sales £764,866	9 sales £764,866
W1H	- -	- -	- -	21 sales £540,976	21 sales £540,976
W1J	- -	- -	- -	6 sales £657,500	6 sales £657,500
W1K	- -	- -	- -	8 sales £2,931,687	8 sales £2,931,687
W1T	- -	- -	3 sales £736,666	4 sales £556,250	7 sales £633,571
W1U	- -	- -	- -	19 sales £842,394	19 sales £842,394
W1W	- -	- -	- -	6 sales £489,566	6 sales £489,566

Source acknowledgement: Information produced by Land Registry. © Crown copyright material reproduced with the permission of Land Registry. This material was last updated on 17th Nov 2008. It covers the period from Jul 2008 to Sep 2008. Restricted Use. Users of this product must not copy, distribute, sell or publish any of the Crown copyright material without the formal permission of Land Registry. If you think any of the above information is incorrect please click here to notify the Land Registry.