Mayfair brings to mind a world of beautiful garden squares, upmarket restaurants and celebrity style. It's one of London's most well-known areas, popular with tourists, businesses, and with those who want to reside within an area that renowned for its luxury. If you're seeking property in Mayfair, then you'll already be aware of the area's reputation, but it's harder to get a feel for the kind of residences that you'll be able to afford. Property in Mayfair is almost universally luxurious, and there are many different kinds of properties available to suit many different budgets and needs - from studio flats that are perfect for young professionals, to large, family homes with period features.
To help you get an idea of the property in Mayfair that might suit you, this guide looks at five typical types of property, from the most luxurious residences to the most affordable. These aren't real-life examples of property in Mayfair, but they are representative of the sort of residences that come on the market.
We'll start with an example of a luxury property in Mayfair, and work down towards the most affordable:
A large, unfurnished two-bedroom, two-bathroom penthouse triplex on a prime residential street is likely to set you back, at the time of writing, around ?2,750 per week. For this price you'll get luxury features such as excellent views, large double bedrooms and balconies. This type of property in Mayfair may be housed in a period building, but will probably have contemporary, open-plan living spaces.
A smaller two-bedroom property in Mayfair could be around ?1,000 cheaper each week. A property of this type will probably have a slightly less 'contemporary' look (for example, it may not be in an open-plan style) but will still be decorated to an extremely high standard. It will also boast luxury facilities such as air conditioning and lift access, and will likely be situated on a sought-after residential street.
On a smaller budget, say between ?800 and ?1,000 every week, you may be able to afford an apartment with two bedrooms, one bathroom and one reception room - and it will likely be somewhat smaller than the property in Mayfair you'd get for around ?1,500. Property in Mayfair like this will likely be tucked away from the busy, popular residential streets, so is most suitable for working couples with a child.
Cheaper still are the one-bedroom and studio apartments in Mayfair. For a one-bedroom property, in a highly-desired central location, you could expect to pay around ?700 each week. The most luxurious one-bedroom apartments tend to go for about this price (at the time of writing) so expect a huge reception room and an impressive double bedroom, as well as some beautiful furniture and even more impressive views.
Finally, for under ?500 per week, you may be able to afford a smaller one-bedroom property in Mayfair. This type of property would suit a single professional that needs to live in a central London location. The rooms will be smaller, but you'll still get a residence in an extremely sought-after location, with the best local amenities that London can offer.
This guide gives examples of the kind of rented property in Mayfair that might suit your budget. Property in Belgravia and Mayfair is often considered pricey, but there are cheaper options available as well.