What Is Happening In Marylebone, London?

Marylebone is a much sought-after part of Prime London and specifically, Prime Central London.

It is superbly located, with Mayfair to the south, Fitzrovia to the east, Regent’s Park to the north and Paddington to the west.

It has seen a huge increase in appeal, and price, over the last few years due to the renovation and regeneration of Marylebone High Street - which now amongst the prettiest in London - and places like The Chiltern Firehouse.

The facts are as follows:

• There is an average achieved price/ sq ft of £1,467 in Marylebone.

• Flat prices are now on average more than 3% higher then they were 5 years ago.

• Home buyers paying roughly £57 more per square ft than they would have done 5 years ago.

• Achieved prices/ sq ft have dropped by more than 6% for flats over the past 12 months.

•  Achieved prices/ sq ft have dropped by more than 22% for houses over the past 12 months.

• More than 27% of properties sold within 3 months.

• More than 65% of properties have been on the open market for over 3 months.

• More than 45% of properties on the market are priced at £1,000,000 and more.

• 53% of properties currently available have been on the market for more than 6 months.

Have any of these facts made you want to look into the possibility of buying a property in Marylebone?