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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 represents a significant opportunity for investors and developers, offering a remarkable 14,000 sq ft of adaptable space across six floors. Originally constructed in the mid-18th century, the building features an elegant period facade and retains many original details, making it a worthy candidate for restoration. Currently vacant on upper floors and housing a single apartment at the lower ground level, this site is primed for redevelopment into a luxury townhouse, with confirmed residential planning permission allowing conversion from office use to a family dwelling. The potential scope includes creating additional living spaces through excavation of a basement and developing rooftop terraces, all while avoiding Section 106 or CIL contributions. Each floor provides generous layouts of approximately 2,500 sq ft, suggesting further possibilities for subdivision into multiple residences upon obtaining necessary consents. Located conveniently between iconic attractions such as Hyde Park and Mayfair's upscale offerings including designer shops and Michelin-starred restaurants, this property not only holds historical significance but also presents an appealing investment in one of London's most desirable areas.

Investment Analysis

(W1 area)

Above Market Value

This property is priced +17.9% above area average per sq ft

+17.9%
This Property
£2,048/sq ft
Area Average
£1,737/sq ft
Avg Rent (weekly)
£1,128
Avg Yield
2.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,200,000 - £1,800,000
Target Value
£27,945,294
10% above area average per sq ft
Potential ROI
-12.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
2%
Properties sold annually

Local Market Trend (W1)

Area prices are falling by -20.9% over the last 12 months
3 year growth: -25.5%
5 year growth: -43.0%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£106,077
Based on a loan of £22,462,500 over 30 years at 3.91% 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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