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s av i l l s

m e wss pe c i a l i s t s

why we love mews

A year on from Brexit, “there are known knowns, and known unknowns”*. While we cannot predict what’s to come in the

months and years ahead, we know that mews will continue to offer a welcome retreat to come home to away from the rush of

the city.

For me it is all about the quintessential elements of what makes a mews. They are unlike other streets in central London in that they are understated, charming and come across as typically

English.

With over 12 years of property experience, and 8 years specifically working in mews, I have seen the evolution of mews

properties to include the addition of basements and increasingly inventive architects and interior designers bringing more

interesting conversions than we could have previously imagined.

As a dedicated department at Savills, it is our single-minded focus on mews that brings experience and insight to the table.

This combined with our network of 38 local offices across London and our national and international presence makes us an

unmatched combination.”

Duncan PetrieSAvILLS MEWS SpEcIALIST

1

* Source: Donald Rumsfeld, 2012

Savills Mews Specialists 3

what’s happening in the market?

Over a year on from the Brexit vote, prime London house prices have continued to soften as small falls were recorded in both

central and outer prime locations over the past quarter. Average prime London values slipped 0.9% in the second quarter of 2017, leaving them 5.3% below where they were a year ago and 6.9%

below their previous peak in mid 2014.

prior to the UK’s vote to leave the EU, there were early indications of the market bottoming out, following the adjustment triggered by the December 2014 stamp duty reform. However, more recent

increased political and economic uncertainty has weakened buyer sentiment.

For vendors who have realistic price expectations which reflect these falls in value, sales are still taking place. There is, however, a lack of urgency in the market and those who need to sell may

have to adjust their expectations further.

mews, a hidden gem 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. 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.”

Mews in numbers

*Source: Savills research from 2015 - 2017

Savills buyer nationality

71%

7%

7%

UK

Eastern Europe and the cIS

North America

Western Europe incl. Nordic countries

Other

6%

9%

who is buying? 69% of those purchasing a mews from us are aged over 40 but we are also seeing younger buyers in their 20’s buying a mews with the help of parents. The greatest proportion are British or

have been residing in London for some time, with just under 30% being from Overseas

Savills buyer use of property

41%

34%

25%

Main residence

Second home

Investment / redevelopment

why are they buying? The majority of mews are used as a main residence but this is closely followed by those using their mews as a pied-a-terre. We also find that many couples and families who have moved to the country full time, or overseas, will keep their mews as a

London base.

Many of these residents comment on how much quieter their mews property is when compared with their home in the country.

Mews are ever popular with landlords as they let well and rarely have any restrictive covenants (a diminishing number of mews houses are held on a leasehold basis), which makes it easier to manage and maintain, making for happy landlords and tenants.

Source: Savills research from 2015 - 2017

Average sq ft:

1,520Average £ per sq ft:

£1,744Average sale price:

£3.06m

*Source: Savills research from 2015 - 2017


challenging the perception of mews

Mews have generally remained slightly in the shadow of the traditional period homes and ‘trophy flats’ that surround them, often because

they are thought of as smaller homes. This is one of many mews misconceptions. Recently, however, opinion is changing and mews streets have never been so popular. Savills analysis of 20 selected

mews streets in central London found that the average sale price has increased by almost 200% over the last 10 years.

Almost all mews houses share common features that identify them as such. The characteristics include collinge hinges, hayloft-access doors on upper levels with Juliet balconies and side-hinged garage doors to

name a few. However, each individual mews is unique.

One element that has historically always been absent from mews homes, and tends to deter buyers, is some form of outside space.

country-dwellers and townsfolk will have different standards of what can be called a garden, but within the context of London gardens there are a handful of mews houses lucky enough to have generous outside

space. However, these properties are being inventively modernised and reconfigured to introduce a garden or terrace, whether that is a central

light well with a patio at the bottom, a roof terrace or balcony.

savills analysis of 20 selected mews streets in central london found that the average sale price has

increased by almost 200% over the last 10 years.

Then there is the perception that they are smaller homes, but they can often surprise with their tardis-like proportions. Mews tend to

be laterally configured and many have had the ‘sideways treatment’, combining at least two houses to create ‘super mews’, providing substantial living space over fewer floors than their older, taller

neighbours.

Additionally, although planning regulations have become more stringent, basement excavations are no less popular than they were

five or ten years ago. Those done well with good light and of a good depth contribute positively to a house. In the world of mews

one can rarely tell from the street that a house has a basement therefore perpetuating the perception of these houses being of

a conservative size and giving credence to the idiom, “never judge a book by its cover”.

where to buyWe are seeing an increase in enquiries for mews properties in W2 and

SW7 and it’s not hard to see why. Mews in this area offer excellent value for money, especially for being next to Hyde park and being

surrounded by Mayfair, Marylebone and Notting Hill. They have excellent transport links, with Underground lines serving Heathrow airport and numerous links to the city. The charming areas that are Gloucester Road and South Kensington are still incredibly popular

and have some of the best kept mews.

For sale


for Sale

ennismore mewsKnightsbridge, SW7

Guide £5.65 million

An extremely impressive 40ft wide mews house

in the heart of Knightsbridge.

Epc= E

for Sale

wimpole mewsMarylebone, W1Guide £5.45 million

A charming three bedroom mews house with the rarity

of a garage in the heart of Marylebone village.

Epc= c

For sale


for Sale

Roland waySouth Kensington, SW7


A beautifully presented three/four bedroom house in this quiet

and private mews off Old Brompton Road.

Epc= B

for Sale

st. lukes mewsNotting Hill, W11

Guide £1.7 million

A fantastic two bedroom house with roof terrace in this most

charming of Notting Hill mews.

Epc= D

For sale For sale


for Sale

shaftesbury mewsKensington, W8Guide £2.2 million

very well presented three bedroom house in a peaceful Kensington mews with garage and demised parking space.

Epc= D

montagu mews North

Marylebone, W1Guide £1.85 million

A fabulous two bedroom mews house with a balcony situated within a secluded

gated courtyard.

Epc= c

for Sale

lancaster mewsLancaster Gate, W2


A brilliant development opportunity in this popular cobbled mews in Lancaster

Gate.

Epc= c

for Sale

For sale For sale


Russell Gardens mewsKensington, W14Guide £2.55 million

A fabulous four bedroom, three bathroom mews

house situated on Russell Gardens Mews in the Royal

Borough.

Epc= c

for Sale

SolD

epirus mewsFulham, SW6


A charming and rare completely refurbished Fulham mews house in a secluded cobbled mews with a roof terrace and garage.

Epc= E

For sale Recently soldRussell

Gardens mewsKensington, W14Guide £1.2 million

An exceptional two bedroom two bathroom maisonette in this pretty cobbled mews close to

Holland park and Westfield.

Epc= c

for Sale


adrian mewsChelsea, SW10


SolD

to let

pavilion RoadKnightsbridge, SW1

£3,750 per week + fees apply*

A brilliant Mews house in this prestigious Knightsbridge location which has been recently re-modelled and entirely re-designed

behind the original façade.

Epc= c

*Fees to include drawing up the tenancy agreement and reference charge for one tenant – £285 including vAT one-off fee. £39 including vAT for each additional tenant/occupant/guarantor reference where required. Inventory check out fee – charged at the end of or early termination of the tenancy, and the amount is dependant on the property size and whether furnished/unfurnished. For more details, visit www.savills.co.uk/fees. Landlords, a full list of fees can be found at www.savills.co.uk/landlord-fees

addison placeHolland Park, W11Guide £1.8 million

SolD

wilby mewsNotting Hill, W11Guide £1.6 million

SolD

st. stephens mewsNotting Hill, W2


SolD

Royal crescent mewsHolland Park, W11Guide £725,000

SolD

Fulton mewsBayswater, W2


SolD

Recently sold to let

http://www.savills.co.uk/fees

http://www.savills.co.uk/landlord-fees



Bryanston mews eastMarylebone, W1£850 per weeklet

chester square mewsBelgravia, SW1£585 per week

let

st. Barnabas mewsBelgravia, SW1

£1,500 per week

let

Redcliffe mewsChelsea, SW10£700 per week

let

Old Brewery mewsHampstead, NW3£1,000 per week

let

ennismore mewsKnightsbridge, SW7

£1,995 per week+ fees apply*

A beautifully designed three bedroom mews house which has been finished to

an exceptional level.

Epc= D

to let

clabon mewsKnightsbridge, SW1

£1,850 per week + fees apply*

A beautifully presented 3 bedroom mews house

in Knightsbridge. The property is well located and tucked away behind

cadogan Square.

Epc= c

to let

to let Recently let





princes Gate mewsKnightsbridge, SW7

£1,495 per week + fees apply

to let

cranley mewsSouth Kensington, SW7

£1,450 per week + fees apply

to let

Daleham mewsBelsize Park, NW3

£995 per week + fees apply

to let

Bolton GardensEarls Court, SW5£2,750 per week

+ fees applyto let

meet the team

Duncan PetrieHEAD OF MEWS

Duncan has been in the property industry since 2005, starting in Wandsworth and moving to South Kensington. His extensive knowledge of property in prime central London, and a passion for mews houses, resulted in the launch of Savills

Mews department in 2014. Having previously been a frustrated sous chef in his kitchen for many years, Duncan has now mastered fish, courtesy of paul Webbe’s cookery school, and can now fillet Bream and prepare oak-smoked

Mackerel ceviche.

charleS holbrookSLOANE STREET

charles joined Savills in 2006 and has 21 years experience providing

residential property agency and consultancy services in prime central London. He is a family man and lives just

across the river in Battersea with his wife and two

daughters.

Patch liStercHELSEA

patch has worked and lived in Kensington & chelsea for the last ten years where he has worked in property on both the buying and selling side of transactions. He joined

Savills in 2014 and specialises in prime central London.

Interestingly, patch grew up in Asia.

Dan carrinGtonEARLS cOURT

Dan recently joined Savills in the Earl’s court office with over 10 years experience in residential sales. He’s sold a wide range of properties on some of the most premium addresses. Dan is married and lives in Wandsworth common, where you may

spot him cycling and taking photo’s in his spare time.

abi frankiShNOTTING HILL & KENSINGTON

Abi joined Savills as a graduate in 2009, where

she soon moved in to the Strategic Investment

Advisory team. Abi is proud to have successfully cycled

all the whole 874 miles from Lands End to John

O’Groats, unaided, with all her belongings strapped to

the bike!

toby anDerDonKNIGHTSBRIDGE

Toby started his career in residential sales in chelsea. After two years, he joined

Savills in October 2013 and is now based in the prime

central London house team, covering Belgravia, chelsea,

Knightsbridge and South Kensington. Toby is also a professional tennis coach.

DaviD turnerMAyFAIR

David is part of Savills Mayfair where he has worked for 14 years. Having also worked in portugal, he has a good

understanding of the investor market. David often goes to Switzerland as his best ideas

come to him whilst in the mountains. He also lives in

Marlow and often drives his vintage car on weekends.

to let



testimonials

‘Thank you again for all your help. Your attention to detail was wonderful and, having had dealings with many ‘professionals’ in the process so far, you have

certainly been the one we felt was working for us and with an urgency that made us feel secure’.

Seller, W11

‘Duncan Petrie was our main contact throughout the process and we could not have asked for a more thorough and informative service. The house was

slightly quirky, so it was not to everyone’s taste but Duncan had a steady stream of people through the door which resulted in several offers. We would thoroughly recommend Duncan as a safe and very experienced pair

of hands to deal with a mews sale’.Seller, W11

‘Now that I have completed the purchase, I just wanted to write a short note to say how impressed I

was with the team. They were extremely professional, very pleasant, always contactable and very helpful

throughout the entire process. Duncan in particular is a great ambassador for your firm. The approach that the team has to the residential sale process, and to

both your client the vendor, and the purchaser is very refreshing, and I look forward to working with you

again in the future.’Buyer, W2

SAvILL S ME WS SpEcIALISTS

020 3504 7460

savills.co.uk/mews

http://savills.co.uk/mews

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