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Piccadilly, Mayfair, London, W1J

London

£29,950,000

Listed on 14/03/2026

Property Details

Bedrooms
N/A
Type
Plot
Area
14624 sqft

Description

This Grade II listed property, originally a townhouse from the mid-18th century, boasts an impressive six floors with over 14,000 sq ft of space and features distinctive architectural details that reflect its historical significance. Currently used as an office space, it has become vacant above the lower ground level, presenting a unique opportunity for redevelopment. With residential planning permission already granted to convert it back into a luxurious single-family residence, this property stands poised for transformation into an expansive townhouse measuring approximately 15,339 sq ft. The planning also facilitates significant enhancements such as a part-basement excavation, a roof terrace, and a rear courtyard area. Additionally, each floor provides generous layouts of around 2,500 sq ft which could potentially allow for the subdivision into multiple apartments, subject to obtaining the required permissions. Located in Mayfair near notable landmarks and offering excellent transport links, this property combines investment potential with prime location benefits.

Investment Analysis

(W1 area)

Above Market Value

This property is priced +20.3% above area average per sq ft

+20.3%
This Property
£2,048/sq ft
Area Average
£1,702/sq ft
Avg Rent (weekly)
£1,035
Avg Yield
2.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Target Value
£27,386,292
10% above area average per sq ft
Potential ROI
-12.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
1%
Properties sold annually

Local Market Trend (W1)

Area prices are falling by -16.2% over the last 12 months
3 year growth: -24.4%
5 year growth: -40.8%
Investment Disclaimer: Analysis based on W1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Piccadilly, Mayfair, London, W1J
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£113,148
Based on a loan of £22,462,500 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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