Quarterly Area Guide – Mayfair! | 12 April 2024

By Carmel Waller

A walk through Mayfair

The world renowned location of Mayfair, London, is known for its glamorous boutiques, spectacular hotels and chic restaurants. There’s a reason it is the most expensive street on the Monopoly board! Mayfair is synonymous with affluence and luxury.  Mayfair is an area of Central London, within the borough of the City of Westminster. It is located in the West End, neatly bordered by Hyde Park to the west, Oxford Street to the north, Piccadilly and Green Park to the south and Regent Street to the east. 

Similar to the history of South Kensington and other central parts of London at the time, Mayfair was once a village surrounded by farmlands. In particular, the introduction of the Landlord the Grosvenor family in the 17th-18th century, they were instrumental in transforming Mayfair into the modern beauty it is today, starting at Grosvenor Square. Mayfair’s meaning is that of a May fair, a two week fair which was granted by Kings James II during the month of May….a bit of trivia for you.

In terms of architecture you can’t help but wonder at the glorious buildings, red brick mansion blocks and the Georgian architecture that dominates the area, this period saw the expansion of London into what was then the undeveloped west. Development focussed on the construction of terrace housing and garden squares, Grosvenor Square being a prime example of this. Architectural style and flare take precedence in Mayfair.

Typical of London and the villages within it, you are never far from beautiful green spaces and Mayfair is no exception. Hyde Park, Green Park and St. James’s Park surround the beautiful area and right in the centre of it all are the pristine lawns of Grosvenor Square. In recent years crowds have flocked to these areas for Queen Elizabeth the II Platinum jubilee, for the very sad occasion for her recent state funeral and for King Charles III coronation in 2023.

What to do in Mayfair

  • Visit the Royal Academy of Arts to see established and new artists
  • Stroll down any of the affluent streets, Bond Street, Regent Street, Savile Row…for a beautifully tailored suit!
  • There are premium hotels galore, Claridge’s on Brook Street comes to mind as the most famous, if you’re looking for a hotel as premium but more discreet, the Beaumont hotel on Balderton Street is wonderful. As well as the very well known Dorchester Hotel on Park Lane.
  • As Mayfair is in London’s Westend, you are not short of theatres to frequent, London Palladium, Piccadilly theatre, Lyric theatre, the list goes on
  • If you’re thinking of restaurants, there are so many, the famous Scott’s restaurant on Mount Street, known for it’s premium seafood menu. Claridge’s hotel serves up a modern twist on British cuisine, then there’s Nobu, the world renowned sushi restaurant and so many more.
  • If you are looking for a spot of afternoon tea, the Ritz hotel is the perfect place, situated right on Piccadilly.

How to get around

  • The well heeled would probably take one of London’s Black cabs, who know the area inside out, as well as most of London! As they all have to pass the ‘Knowledge’
  • Otherwise there is Green Park tube station, at the bottom end of Piccadilly, it serves the Piccadilly, Jubilee and Victoria Lines.
  • At the top end of Piccadilly, you have the Piccadilly tube station which service the Piccadilly and Bakerloo lines
  • Across the North side of Mayfair, Marble Arch, Oxford Street and Bond Street tube stations serve between them the Elizabeth line, Central line, Bakerloo line, Victoria and Jubilee lines.

Mayfair events

  • Bond StreetSouth Molton Street and Mount Street switch on their Christmas lights in the run-up to Christmas.
  • Pick out knickknacks and trinkets from the annual Mount Street Christmas Market.
  • Find the word on the street… Mayfair & St James’s Literary Festival brings exciting events for bookworms and linguists each October.
  • Take a walk at the seaside… well, a man-made beach, during The May Fair each summer.

The three-week long Summer in the Square includes free fitness classes, funky gigs and family fun





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Tenancy charges may vary, depending on the agreement we have with you, so it’s best to ask the INHOUS lettings department.

Permitted Charges in accordance with the Tenant Fee Act 2019

The following payments may apply when entering an Assured Shorthold Tenancy:

First month’s rent In advance
Tenancy Deposit 5 weeks, or 6 weeks if annual rent is over £50,000
Holding Deposit One week’s rent, put towards your first rent due
Early termination when requested by the tenant A charge not exceeding the financial loss experienced by the landlord
Default charge for late payment of rent A maximum of 3% above Bank of England base rate, charged when rent is more than 14 days late
Default charge for replacement of lost key or security device Equivalent to cost incurred
Changing the tenancy documents after the commencement of the tenancy, including change of sharer £50 incl. VAT

The following payments may apply when entering a Non-Housing Act Tenancy:

A Non-Housing Act Tenancy is formed when the annual rent exceeds £100,000 or the property is occupied by a Company rather that an individual.

  Inclusive of VAT
Tenancy Setup Fee drafting and execution of tenancy agreement if supplied by us, collecting and holding the Security Deposit as Stakeholder, issuing protection certificates, if applicable, Open Banking type referencing of tenant and initial Right to Rent Checks £360
Check-in Fee checking into the property and reviewing inventory minimum of £130
Tenancy Continuation negotiating and drafting an extension £150
Change of Sharer – Deed of Assignment £120
Early Termination – Deed of Surrender £120
Guarantor Referencing Fee (each): £30
Deed of Guarantee Fee: £50
Late payment of rent 3% above the Bank of England base rate


How to Rent Guides:

This guide is for tenants and landlords in the private rented sector to help them understand their rights and responsibilities. This guide includes a checklist and further detail on each stage of the rental process.

How to rent – GOV.UK (www.gov.uk)


Tenancy charges may vary, depending on the agreement we have with you, so it’s best to ask the INHOUS lettings department for a full breakdown of costs. Here’s a list of what you can typically expect to pay:

Lettings Service Only: 10%+VAT (12% inc. VAT) – Including rent collection
Letting and Management Service: 16%+VAT (19.2% inc. VAT)
Short Let (less than 6 months): 24%+VAT (28.8% inc. VAT)
Lettings Renewals Service: 8%+VAT (9.6% inc. VAT)
Lettings and Management Renewal: 14%+VAT (16.8% inc. VAT)
Short Let Renewal (less than 6 months): 24%+VAT (28.8% inc. VAT)


Additional non-optional fees and charges

We will not be charging clients fees for referencing, tenancy agreements or deposit registration.

The costs of a clean, EPC, gas safety, EICR, PAT and inventory are set by third party suppliers and prices may vary. The below schedule is to give you an idea of what you would typically pay.

All fees stated are inclusive of VAT (calculated at 20%):

During the tenancy (if required

INHOUS is a member of and covered by the ARLA/Propertymark Client Money Protection (CMP) Scheme.

We are also a member of a redress scheme provided by The Property Ombudsman www.tpos.co.uk.

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