One of London’s smallest one-up-one-downs goes onto rental market for more than £500 per week

June 21, 2016 | by | 0 Comments

London’s most luxurious one-up-one-down has gone on the rental market for a whopping £525 PER WEEK.

One of London's smallest one-up-one-downs which is going on to the rental market for more than £500 per week (Pastor Real Estate / SWNS)

One of London’s smallest one-up-one-downs which is going on to the rental market for more than £500 per week (Pastor Real Estate / SWNS)

The two-storey Grade II listed apartment in upmarket Mayfair has marble tiles and top-of-the-range kitchen appliances following an expensive refurbishment.

But at 364 sq/ft it is around a third of the size of the average UK home and only suitable for a couple with few possessions or someone looking for a pied-a-terre.

On the ground floor is an open plan living room and Pedini brand kitchen and with luxury Miele appliances.

The upper floor has a bedroom and an en-suite shower room with marble tiles.

(Pastor Real Estate / SWNS)

(Pastor Real Estate / SWNS)

The property at 36 Shepherd Market was put on the lettings market this week for £525 per week.

This makes it one of the cheapest rentals in Mayfair – but more expensive than a five-bedroom detached home in the Cotswolds.

(Pastor Real Estate / SWNS)

(Pastor Real Estate / SWNS)

It is on the market with Pastor Real Estate, which is calling it the “smallest Grade II listed duplex apartment in London”.

Susan Cohen, head of lettings at Pastor Real Estate, said: “36 Shepherd Market is a delightful property available to rent in the heart of Shepherd Market, overlooking the square.

“For rent at £525 a week, this characterful property is the perfect pad for a young professional or as a pied-a-terre.”

(Pastor Real Estate / SWNS)

(Pastor Real Estate / SWNS)

The property, which has its own private entrance, is tucked away behind Piccadilly, Park Lane and Curzon Street.

While a bumper price for such a small property, the duplex apartment is less than half the price of a typical Mayfair rental, which is around £1,250 per week.

It has come onto the market at a time where the capital 20-29 year olds now pay a staggering 57 per cent of their post-tax salary on rent.

(Pastor Real Estate / SWNS)

(Pastor Real Estate / SWNS)

This is a stark contrast to the North-East, where a rise in earnings among youngsters means rent accounts for 35 per cent of post-tax income.

The average across England is now 47 per cent.

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