Central London Flat Rents For £598,000 A Year

A central London flat is being offered on the letting market for £11,500 a week – equivalent to £598,000 a year – making it what it is thought to be the city’s most expensive rental.

The four bedroom maisonette is located at 99 Park Lane in Mayfair. It extends to 5,900 sq ft and includes a swimming pool and gym, staff quarters, private parking and views over Hyde Park. The property also has a famous past, being one-time home of actor Douglas Fairbanks Junior.

Letting agent Peter Wetherell, Chief Executive of letting agents Wetherell told Homes & Property: “With its iconic Park Lane address and Hyde Park views this expansive Mayfair residence has been home to banking tycoon Sir Moses Montefiore, the Grosvenor family, and Hollywood legend Douglas Fairbanks Jr.

“Guests have included Rothschilds, Churchills and movie A-listers including Noel Coward, Rex Harrison, David Niven. This is Park Lane’s only maisonette with the benefit of a private swimming pool and spa, its own carriage driveway and private off street parking. It is one of the most interesting and special lettings opportunities in Mayfair at present.”

At £11,500 per week the flat will cost a prospective tenant fourteen times the average London asking rent of £814 (according to Zoopla) per week – and it’s not really all that big or luxurious in the scheme of things. It probably serves to illustrate the old adage that in property location really is everything.

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Source Homes & Property
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