Market Notes

6 min read

Spring Listings: What's Actually Selling in Marylebone

By Marcus Webb

Architectural photography of a concrete Marylebone building

Spring Listings: What's Actually Selling in Marylebone

Fewer new instructions this spring, but the ones that came to market moved fast. A look at what actually sold in Marylebone between March and June.

The headline numbers

We tracked twenty-three Marylebone sales in the period. Average time to offer was twenty-six days, nine days quicker than the same window last year, on eleven per cent fewer new instructions. Two-bedroom mansion flats between Marylebone High Street and Regent’s Park moved fastest, several within a fortnight of listing.

What buyers wanted

Original period detail sold faster than heavily renovated interiors this spring; three of the quickest sales had unrestored fireplaces and cornicing, and buyers specifically asked about it. Off-street parking, rare in the postcode, added a clear premium on the two instances we saw it. Ground-floor flats without outside space were the slowest movers, taking closer to seven weeks on average.

If you are weighing up a Marylebone listing this year, period character is doing more work than a full refurbishment right now. That could change by autumn, but it is what the last four months actually showed.

Portrait of Marcus Webb, lettings manager at UrbanLane

Written by

Marcus Webb

Lettings Manager

Corporate lets, referencing

marcus@urbanlane.co

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