Though the average price per square foot for a London mews is around £1,800, last year a mews house broke through the £3,000 per sq ft barrier with a record sale of over £20m. And while sales at this level still account for less than 5 per cent of transactions, it demonstrates that the premium for the very best mews properties is increasing.
Mews houses are often thought of as smaller homes, but some can surprise with their tardis-like proportions. Typically located in prestigious postcodes but often in short supply, these hidden gems are now being taken to extraordinary levels and a new generation of ‘super mews’ is beginning to establish itself.
Developers and mews-owners alike are cleverly incorporating an extra level of living on the lower ground floor along with roof mansard extensions, finding innovative ways to inject natural light and volume and creating outside space, all features which traditional mews properties typically lack.
In some instances these super mews are new builds, or have been completely rebuilt behind their charming original facade. As a result we are also seeing exciting new features appearing such as living walls, mezzanine levels, lifts, retractable ceilings and spa facilities.
This new breed of super mews is catering for discerning buyers who will not compromise on the conveniences of 21st-century living, and helps explain why Savills has seen enquiries rise by around 12 per cent in the last year alone, with growing interest from Middle Eastern and North American buyers.
Recent analysis from our research team highlights that prices in Prime Central London fell by 3.9 per cent over a 12-month period to Q2 of this year, while mews houses managed to increase in value, albeit it by a modest 0.6 per cent – but a promising indicator they will hold their value.
Kitchen/dining area, Ennismore Mews, Knightsbridge, London SW7 – Guide price £7,750,000
Kitchen/dining area, Reece Mews, South Kensington, London SW7 – Guide price £3,595,000
Reception room and mezzanine/gallery, Pavilion Road, London SW1 – Guide price £6,550,000
Leisure suite and spa, Chagford Street, Marylebone, London NW1 – Guide price £4,000,000
Reception room, Chagford Street, Marylebone, London NW1 – Guide price £4,000,000