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Mayfair House Prices Mayfair House Prices

The average house price in Mayfair is £5,428,840 using HM Land Registry data.

The average property price decreased by £6,263,436 (--57.94%) over the last 5 years and decreased by £1,251,814 (--21.59%) over the last 12 months.

Over the last year, there were 40 residential property sales – a decrease of 27 transactions (-67.50%) relative to the previous year. The majority of house sales (15) were in the £850,000 - £2,934,000 range. Then came properties in the £2,934,000 - £5,018,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 173 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-229,375 (-6%).

In April 2024, there were 19 new estate agency instructions, 5 agreed home sales and 9 property price reductions.

Neighbouring Areas: West End, Hyde Park, St James's Park

Postcodes Covered: W1H, W1J, W1K, W1S, W1U

5-Year Average Property Prices in Mayfair

-57.94%

Property prices in Mayfair decreased by -57.94% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Mayfair Over the Last Year

-21.59%

Property prices in Mayfair decreased by -21.59% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Mayfair - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Mayfair

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Mayfair

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Mayfair

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Mayfair since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Mayfair area since 1995.

Recent Property Sales in Mayfair

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
19 Hays Mews, London, Greater London, W1J 5PY£5,250,000£4,750,000-£500,00002 Sep 202201 Dec 2023455 Days
2 Chesterfield Street, London, Greater London, W1J 5JF£9,995,000£9,300,000-£695,00002 Dec 202209 Jun 2023189 Days
21a, Brick Street, London, Greater London, W1J 7DL£3,500,000£3,200,000-£300,00018 Nov 202220 Jan 202363 Days
Flat 30, Garrick House, Carrington Street, London, Greater London, W1J 7AF£835,000£830,000-£5,00001 Aug 202216 Dec 2022137 Days
22 Farm Street, London, Greater London, W1J 5RQ£11,000,000£10,000,000-£1,000,00016 Aug 202105 Dec 2022476 Days
12 Chesterfield Street, London, Greater London, W1J 5JN£8,500,000£7,800,000-£700,00024 Aug 202211 Nov 202279 Days
Flat 67, Fountain House, Park Street, London, Greater London, W1K 7HG£3,750,000£3,410,000-£340,00020 Oct 202103 Aug 2022287 Days
Flat 4, Garrick House, Carrington Street, London, Greater London, W1J 7AF£795,000£750,000-£45,00004 Jun 201929 Jul 20221151 Days
Flat 51, Fountain House, Park Street, London, Greater London, W1K 7HQ£2,700,000£2,500,000-£200,00002 Sep 202129 Jul 2022330 Days
70 Brook Street, London, Greater London, W1K 5EA£18,500,000£17,000,000-£1,500,00013 Jun 202217 Jun 20224 Days
Flat 9, Garrick House, Carrington Street, London, Greater London, W1J 7AF£695,000£670,000-£25,00031 Aug 202117 Dec 2021108 Days
4 Chesterfield Street, London, Greater London, W1J 5JF£6,000,000£5,575,000-£425,00030 May 202006 Nov 2020160 Days
Flat 21, Garrick House, Carrington Street, London, Greater London, W1J 7AF£625,000£600,000-£25,00005 Jun 202016 Oct 2020133 Days
Flat D, 41, Upper Brook Street, London, Greater London, W1K 7QP£5,950,000£5,200,000-£750,00005 Oct 201826 Jun 2020630 Days
47 Upper Grosvenor Street, London, Greater London, W1K 2NP£18,000,000£17,500,000-£500,00021 Jul 201915 May 2020299 Days
2 Culross Street, London, Greater London, W1K 2DN£10,000,000£9,227,500-£772,50020 Sep 201924 Feb 2020157 Days
Flat 14, Garrick House, Carrington Street, London, Greater London, W1J 7AF£880,000£840,000-£40,00017 May 201830 Jan 2020623 Days
Flat 67, Fountain House, Park Street, London, Greater London, W1K 7HG£2,495,000£2,150,000-£345,00006 Jun 201924 Jan 2020232 Days
36 - 36a, Bruton Place, London, Greater London, W1J 6NT£7,500,000£6,550,000-£950,00014 Nov 201818 Dec 2019399 Days
Flat 93, Chesterfield House, Chesterfield Gardens, London, Greater London, W1J 5JY£1,500,000£1,450,000-£50,00004 Jul 201814 Dec 2018163 Days

Most Expensive Streets in Mayfair

PostcodeStreetAreaAverageNo. of Sales
W1K 4ABGrosvenor SquareLondon£26,120,0003
W1K 6USGrosvenor SquareLondon£24,151,34129
W1K 4BNGrosvenor SquareLondon£18,046,25619
W1K 3EPGrosvenor SquareLondon£13,876,6663
W1J 8ASAshburton PlaceLondon£13,761,82310
W1K 2HSGrosvenor SquareLondon£9,398,0103
W1K 1AHStanhope GateLondon£9,175,66615
W1K 2XLSouth StreetLondon£6,208,3333
W1K 3AJCarlos PlaceLondon£5,799,4504
W1K 2HBRex PlaceLondon£4,500,0005

Least Expensive Streets in Mayfair

PostcodeStreetAreaAverageNo. of Sales
W1K 5JTDavies StreetLondon£373,6663
W1J 7AFGarrick HouseCarrington Street, London£744,1666
W1J 8DPBerkeley StreetLondon£895,0003
W1J 7RGCarrington HouseHertford Street, London£943,1254
W1K 4BAAvery RowLondon£1,163,3333
W1J 7HNShepherd StreetLondon£1,185,0004
W1K 2QNSouth Audley StreetLondon£1,223,7504
W1K 2ATBalfour PlaceLondon£1,421,0003
W1J 5JUChesterfield HouseChesterfield Gardens£1,475,0003
W1J 5JYChesterfield HouseChesterfield Gardens£1,702,5004

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