Westminster Inner London
Table 9: Westminster sales position by individual development Developments of 10 units or more
Removed from open market Scheme COMPLETED
Wellington House SW1E 1 Howick Place SW1P
Fitzrovia Apartments W1W 2 Hyde Park Square W2 Meritas Court W2
Marconi House WC2R
UNDER CONSTRUCTION The Atrium Residences NW8 Duke Street Apartments W1K Fitzroy Place W1T
Merchant Square 3 W2
59 23 70 36 15 92
27 16 80
159 5 23
57 28
74 13 80 121 38
9 6
10
4 2 5 5
14 16
Land Securities Terrace Hill
Manhattan Loft Co Liberty Properties Meritas Real Estate Galliard
Grovefleet Ltd Grosvenor
Exemplar/Aviva European Land & Property Key: • (p) = construction phased • RSL = registered social landlord. Note: sales position estimated on phased schemes – see table 10 for overall sales position
Private units
Pre sold 2012
Sold in
2012 Un sold Un launched
Units to rental
Units to bulk investor
Unit to RSL
Direct investment
Developed for rental (DFR)
Units to bulk investor
Unit to RSL
Developer
Table 10: Westminster pricing values by individual development Developments of 10 units or more – calculations based on sample units with both latest price and size only (1, 2 & 3 beds combined)
Scheme
The Atrium Residences Westminster Theatre
Postcode Developer
NW8 Grovefleet Ltd SW1E Yolanda
Grosvenor W'side - Bramah Hse SW1V St James Grosvenor W'side - Caro Point SW1W St James Verge Mayfair West One
Fitzroy Place
Fitzrovia Apartments Merchant Square 3 2 Hyde Park Square The Lancasters Meritas Court
W1C Oakmayne
W1T Great Portland Estates W1T Exemplar/Aviva W1W Manhattan Loft Co W2 W2 W2 W2
Sold Un
13 2
101 86 11 5
Overall sales position Un
sold 14
4
2 1
11
170 67 66
4
European Land & Property 121 38 Liberty Properties Northacre/Minerva Meritas Real Estate
34 72 10
2 5 5
launched 26
Allocated* Min £/sq ft
Max £/sq ft
Ave £/sq ft
Min Capital Value
Max Capital Value
Ave Capital Value
Individual Investor Sales (%)
£1,530 £2,426 £2,024 £1,900,000 £4,500,000 £3,350,000 40% £1,821 £2,194 £1,966 £2,685,000 £3,975,000 £3,422,857 £1,187 £1,944 £1,741 £965,000 £5,950,000 £4,032,000 £1,093 £1,944 £1,351 £590,000 £5,950,000 £1,596,632 £1,833 £2,754 £2,145 £1,495,000 £4,600,000 £2,956,429 £1,450 £1,847 £1,571 £890,000 £4,950,000 £1,761,250 £1,349 £2,428 £1,885 £1,250,000 £3,850,000 £2,544,524 100% £1,364 £2,184 £1,591 £750,000 £3,400,000 £1,895,833 £1,026 £1,750 £1,283 £637,500 £2,230,000 £1,278,849 30% £1,351 £2,754 £1,772 £775,000 £6,225,000 £2,305,556 50% £1,322 £3,792 £2,389 £900,000 £14,500,000 £4,903,333 20% £1,100 £1,250 £1,181 £532,900 £1,933,200 £1,360,677 10%
*includes allocation for rental, registered social landlord and bulk investor. NB: Also included are developments completed pre-2012 and still at permission at year end
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