Mayfair

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Mayfair is arguably the most glamorous and exclusive district of London and is long well known for its prestige, and is notoriously the most expensive district on the English Monopoly board game.

 

Dukes, nobles and other royalty lived mainly in this area during Georgian times; the Queen was even born on Bruton Street in Berkeley Square. These days, many wealthy internationals and old-century British call this place home. The Saudi Embassy resides here on Charles Street and the old American Embassy can be found on Grosvenor Square.

 

Mayfair is one of the few areas of London where the extremely wealthy may still be able to find a large, opulent house with a little bit of luck, although it will be a difficult search. Many foreigners buy property here due to the proximity of shops and restaurants. It is also close to theatres, parks and cultural spots. Housing in Mayfair is diverse in time period, ranging from the beginning of the 18th century to 2004, but are comparable when it comes to luxury.

 

Mayfair is covers a square shaped region, bordered by Oxford Street to the North, Regent Street to the East, Green Park to the South and Hyde Park to the West. Its location between two parks allows for ample green space; Hyde Park, the most famous park in London, spans more than 350 acres.

 

Generally speaking, the further west you travel, the quieter and more residential the area becomes. The eastern and southern areas are the oldest of Mayfair. Park Lane, the most sought after street to live on in Mayfair, consists of everything from Georgian mansions to car showrooms and some of the world’s most prestigious hotels. Squares are highly regarded places to live and have high demand with the two most popular being Berkeley Square and Grosvenor Square. Grosvenor Square has had many notable residents, including Frederick Handel, a famous French composer, who spent the rest of his life on Brook Street, and former US President John Adams.

 

Shopping in Mayfair retains a classic character that is unique to the area. Hanover Square in the NE corner is one of the oldest parts of Mayfair and mainly accommodates quaint offices and shops. Shepherd’s Market is located in this corner, and is regarded as one of Mayfair’s oldest markets.

 

Even though Oxford Street is a shopping haven for tourists, the minute you walk down a side street into Mayfair you get an entirely different feel. New Bond Street, Mayfair’s main shopping street, has an entirely different feel from Oxford Street department stores, catering to small antique shops, designer boutiques and chic restaurants. Mount Street is another shopping street and is considered to be Mayfair’s “village high street.” Men with finer tastes who typically dislike shopping might flock this area with Purdey & Sons, a specialty rifle shop on South Audley Street, and all of Savile Row which is renowned for its tailoring.

 

Mayfair’s restaurants cater to all different tastes ranging from Italian to French cuisine to Japanese sushi. Many of the hotels in this area offer a nice restaurant to dine in, such as The Grill at The Dorchester and Spoon at the Sanderson Hotel. One of the most famous London hotels, the Ritz Carlton, is a hotspot for tourists and housewives to sip afternoon tea and snack on finger sandwiches and cakes. The renowned auction house, Sotheby’s, also has a cafe that is particularly known for brunch.

 

One arena Mayfair does lack in is their schools, however most families that live here send their children to private day schools in Knightsbridge and Belgravia which are close enough. After a certain age, most children attend prestigious boarding schools outside of London anyway.

The main tube stations that serve Mayfair include Oxford Circus, Bond Street, Marble Arch and Green Park, which together serve the Central, Piccadilly, Bakerloo, Victoria and Jubilee lines. The Jubilee line runs directly to Canary Wharf and it takes approximately 15 minutes to get to the City  and approximately an hour to get to Heathrow Airport from any of these stops.

 

A 3 bedroom penthouse on Park Lane is currently on the market for £8 million or about £3,200/sqft. You can own a freehold 7 bedroom terraced house with a swimming pool in between Park Lane and Grosvenor Square for £30 million or around £2,844/sqft. The average property price in Mayfair is just over £2.6 million. A typical flat goes for more than £1.9 million and terraced houses average over £5.2 million.

 

Mayfair is the place to be if proximity to designer shops, nice restaurants and parks is important to you, and if you can afford it to be part of some of the world’s super elite.