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Mayfair House Prices

The average house price in Mayfair is £0 using HM Land Registry data.

The average property price decreased by £5,965,888 (--56.19%) over the last 5 years and decreased by £1,192,648 (--20.41%) over the last 12 months.

Over the last year, there were 41 residential property sales – a decrease of 14 transactions (-34.15%) relative to the previous year. The majority of house sales (15) were in the £950,000 - £3,014,000 range. Then came properties in the £3,014,000 - £5,078,000 range, where 8 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-229,375 (-6%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

5-Year Average Property Prices in Mayfair

-56.19%

Property prices in Mayfair decreased by -56.19% 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

-20.41%

Property prices in Mayfair decreased by -20.41% 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.

Property Market Heat Gauge for Mayfair - Oct 24

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

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
19 Hays Mews, London, Greater London, W1J 5PY	£5,250,000	£4,750,000	-£500,000	02 Sep 2022	01 Dec 2023	455 Days
2 Chesterfield Street, London, Greater London, W1J 5JF	£9,995,000	£9,300,000	-£695,000	02 Dec 2022	09 Jun 2023	189 Days
21a, Brick Street, London, Greater London, W1J 7DL	£3,500,000	£3,200,000	-£300,000	18 Nov 2022	20 Jan 2023	63 Days
Flat 30, Garrick House, Carrington Street, London, Greater London, W1J 7AF	£835,000	£830,000	-£5,000	01 Aug 2022	16 Dec 2022	137 Days
22 Farm Street, London, Greater London, W1J 5RQ	£11,000,000	£10,000,000	-£1,000,000	16 Aug 2021	05 Dec 2022	476 Days
12 Chesterfield Street, London, Greater London, W1J 5JN	£8,500,000	£7,800,000	-£700,000	24 Aug 2022	11 Nov 2022	79 Days
Flat 67, Fountain House, Park Street, London, Greater London, W1K 7HG	£3,750,000	£3,410,000	-£340,000	20 Oct 2021	03 Aug 2022	287 Days
Flat 4, Garrick House, Carrington Street, London, Greater London, W1J 7AF	£795,000	£750,000	-£45,000	04 Jun 2019	29 Jul 2022	1151 Days
Flat 51, Fountain House, Park Street, London, Greater London, W1K 7HQ	£2,700,000	£2,500,000	-£200,000	02 Sep 2021	29 Jul 2022	330 Days
70 Brook Street, London, Greater London, W1K 5EA	£18,500,000	£17,000,000	-£1,500,000	13 Jun 2022	17 Jun 2022	4 Days
Flat 9, Garrick House, Carrington Street, London, Greater London, W1J 7AF	£695,000	£670,000	-£25,000	31 Aug 2021	17 Dec 2021	108 Days
4 Chesterfield Street, London, Greater London, W1J 5JF	£6,000,000	£5,575,000	-£425,000	30 May 2020	06 Nov 2020	160 Days
Flat 21, Garrick House, Carrington Street, London, Greater London, W1J 7AF	£625,000	£600,000	-£25,000	05 Jun 2020	16 Oct 2020	133 Days
Flat D, 41, Upper Brook Street, London, Greater London, W1K 7QP	£5,950,000	£5,200,000	-£750,000	05 Oct 2018	26 Jun 2020	630 Days
47 Upper Grosvenor Street, London, Greater London, W1K 2NP	£18,000,000	£17,500,000	-£500,000	21 Jul 2019	15 May 2020	299 Days
2 Culross Street, London, Greater London, W1K 2DN	£10,000,000	£9,227,500	-£772,500	20 Sep 2019	24 Feb 2020	157 Days
Flat 14, Garrick House, Carrington Street, London, Greater London, W1J 7AF	£880,000	£840,000	-£40,000	17 May 2018	30 Jan 2020	623 Days
Flat 67, Fountain House, Park Street, London, Greater London, W1K 7HG	£2,495,000	£2,150,000	-£345,000	06 Jun 2019	24 Jan 2020	232 Days
36 - 36a, Bruton Place, London, Greater London, W1J 6NT	£7,500,000	£6,550,000	-£950,000	14 Nov 2018	18 Dec 2019	399 Days
Flat 93, Chesterfield House, Chesterfield Gardens, London, Greater London, W1J 5JY	£1,500,000	£1,450,000	-£50,000	04 Jul 2018	14 Dec 2018	163 Days

Most Expensive Streets in Mayfair

Postcode	Street	Area	Average	No. of Sales
W1K 4AB	Grosvenor Square	London	£26,120,000	3
W1K 6US	Grosvenor Square	London	£22,848,819	21
W1K 4BN	Grosvenor Square	London	£18,046,256	19
W1K 3EP	Grosvenor Square	London	£13,876,666	3
W1J 8AS	Ashburton Place	London	£13,273,193	6
W1K 2HS	Grosvenor Square	London	£9,398,010	3
W1K 1AH	Stanhope Gate	London	£9,175,666	15
W1K 3AJ	Carlos Place	London	£7,130,933	3
W1K 4ND	Davies Street	London	£5,491,167	3
W1K 2HB	Rex Place	London	£4,500,000	5

Least Expensive Streets in Mayfair

Postcode	Street	Area	Average	No. of Sales
W1J 7AF	Garrick House	Carrington Street, London	£744,166	6
W1K 4BA	Avery Row	London	£1,163,333	3
W1J 7HN	Shepherd Street	London	£1,185,000	4
W1J 7RG	Carrington House	Hertford Street, London	£1,190,833	3
W1K 2QN	South Audley Street	London	£1,198,333	3
W1J 8DP	Berkeley Street	London	£1,400,000	3
W1J 5JU	Chesterfield House	Chesterfield Gardens	£1,408,750	4
W1J 5JY	Chesterfield House	Chesterfield Gardens	£1,750,000	3
W1J 8EA	Berkeley Street	London	£2,446,666	3
W1J 5DT	Charles Street	London	£2,473,333	3