Fancy assed flats break price record

23 September 2014

clarges Four flats near Buckingham Palace have broken the price record for properties in London's Mayfair.

The luxury holes are part of the Clarges Mayfair development, and 18 of the 34 flats have already been sold for an average of £11.6 million each, netting £210 million so far.

Four of the flats sold for more than the previous Mayfair record price of £5,000 per sq ft, and there's word of another penthouse understood to have broken through this barrier by a substantial margin.

Clarges Mayfair bangs on about an “unrivalled” location close to Bond Street, with the upper floors offering “panoramic views” of Green Park and Buckingham Palace.

The gated mews development includes a private “wellness spa” with a 25m swimming pool, gymnasium and sauna, plus private cinema room. Ready to throw-up yet?

When they've finished polishing it up in 2017, the 34 flats will be spread over 10 floors, with one to five bedrooms in various shapes.

Tim Roberts, head of offices and residential at British Land, said: “Interestingly, over half of the apartments at Clarges Mayfair have been sold to British or British-based buyers.”

Which is reassuring, isn't it. Eh Class War warriors?

British Land cited “buyer confidentiality” for not disclosing the individual sale prices for the flats, but then they would. This follows news that one in five homes sold last year in London’s most exclusive boroughs – Westminster and Kensington & Chelsea, and in the City of London – were bought by wealthy overseas buyers.

Between January and August this year, Italians were the biggest group of prime central London overseas buyers, accounting for 6% of the total, followed by French (4.1%) and Russian (3.8%).

1 comment

  • Jessie J.
    I have my name down for one. Just have to see how my next album does.

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