london TOP 10
Most expenve garden squares Hamptons International has researched and compiled a list of average prices currently being achieved for properties in the following locations: Carlton House Terrace Gardens | Westminster Eaton Square | Belgravia
................... £8,791,500
........................................................................... £5,883,250
Wilton Crescent Garden | Belgravia ............................................... £5,349,020 St James’s Gardens | Notting Hill Thurloe Square | Brompton
...................................................... £3,809,550
................................................................... £3,760,800
Rosmead Garden | Notting Hill ............................................................ £3,644,390 Kensington Square | Kensington ....................................................... £3,159,370 Park Crescent | Marylebone .................................................................... £2,996,970 Hanover Gardens | Notting Hill
........................................................... £2,965,740
Markham Square | Chelsea ...................................................................... £2,729,850
Belgrave Square are some of the most sought after, desirable and expensive addresses in prime central London. “Our data shows the average price paid per square foot in Eaton Square was £4,113,” she says. “When we compared this to nearby Eaton Place, buyers paid an average of £2,404 per square foot. That is a whopping 42% premium to be on Eaton Square.” Gardens are desirable, however even more prestigious than a garden is owning a prime property facing on to one of Mayfair’s three iconic garden squares - the oldest of which is Hanover Square. Fred Scarlett, sales and marketing director at Clivedale London, says “Three hundred years ago the epitome of status and prestige was to have a house or apartment facing on to a Mayfair Garden Square, such as Hanover Square. “In modern, super-prime developments, this still holds true today. While purchasers are also focusing their attention to the demands for five-star living - ensuring properties additionally offer hotel concierge and room services, world class gym and wellness facilities, and beautifully appointed contemporary apartments - the leafy green vista or ‘Belvedere’ will always add enormous amount of value to any home or development. If a purchaser seeks a garden, or even a garden square view, in terms of rarity this is as ‘rare as hen’s teeth’ - and such scarcity will drive buyers to pay significant premiums to secure a once in a lifetime purchase.” As a result, properties in the capital’s most prestigious residential garden squares tend to hold their value and are generally considered a safe haven both for end users and those looking for a long-term investment. Simon Tollit, director of Tedworth Property, says, “Taking into account the current climate of uncertainty in prime central London, we continue to see potential buyers from all corners of the globe expressing interest in the most exclusive properties in garden squares. Buying a turnkey apartment and residing in the heart of London with security, a concierge and parking, alongside far-reaching garden views, is often the holy grail for many buyers and nowadays, there is no specific nationality which favours these exclusive properties over another. “In the absence of a crystal ball, it’s impossible to predict the future of prices, but what we can say with certainty is that any price growth that is experienced over the next three to five years will be seen most notably in garden squares such as Eaton Square, Cadogan Square and Grosvenor Square.”
Cadogan Place, SW1
A meticulously redesigned, three-bedroom lateral apartment overlooking one of London's finest garden squares. The property provides wonderful living accommodation throughout including a south-facing roof terrace. The building has 24-hour porterage and the apartment includes Control4 security, AV and CCTV, air
Tedworth Property www.tedworth.co.uk
conditioning and elegant interior design throughout. £5.85m / €6.675m / $7.751m
Hanover Bond, Mayfair This new development will consist of 80 residences, as well as a fully integrated Mandarin Oriental hotel with 50 suites. Upon completion, Hanover Bond will be the first Mandarin Oriental hotel and residences in Mayfair, and also the first truly integrated hotel and residences to be delivered in central London, just a stone's throw from Central London's oldest garden square. From £1.999m / €2.281m / $2.649m Clivedale London www.hanoverbond.com
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London.indd 5
16/08/2018 11:02