Inside London’s insane new luxury student apartment block where a flat can cost £21,000 a month

New York /
Oct.October 03, 2015 10:00 AM

Mayfair estate agent Wetherell is launching what it claims to be London’s most expensive student accommodation right on Park Lane.

There are more than 100,000 foreign students in London and while not all are wealthy, the city acts as a magnet for rich foreigners looking for a good education. Wealthy Chinese, Malaysian, and Russian students flock to the capital to study.

Wetherall has sent out details of six luxury flats in the refurbished Fountain House block to a database of international students looking for accommodation in London and 80% of inquiries so far have been from overseas students.

Check out the high-end student digs below.

This is Fountain House. It was originally built in 1938 and was designed by Sir Giles Gilbert Scott, the man who also designed Britain’s iconic red telephone box.

 

The block takes its name from Hyde Park’s “Fountain of Joy”, which you can see from the apartments. Not a bad view.

(credit: Wetherell)

The flats range from 1,600 sq ft. to over 2,000 square feet. in size. Until recently, most of the building was used as offices.

(credit: Wetherell)

The two-bedroom apartments rent for £2,250 per week, or £108,000 per year. The average London salary is only £27,000.

(credit: Wetherell)

The three-bed, meanwhile, costs an eye-watering £5,250 per week, or £252,000 per year.

(credit: Wetherell)

Despite the high rents, estate agent Wetherell is marketing the flats to international students. The agency has sent details of the six apartments to a database of foreign students.

(credit: Wetherell)

Eighty percent of inquiries have been from overseas students. Wetherell says many rich foreign parents prefer the safety of a private rental over student halls.

(credit: Wetherell)

The three-bed apartment has already been let to a 19-year-old fashion student from North America. That’s £21,000 a month, remember.

(credit: Wetherell)

Some of the perks of the apartments include stone flooring, walk-in wardrobes, stone worktops in the kitchen, and a free-standing bath.

(credit: Wetherell)

Alexander James Interior Design has worked on each of the apartments. The agency’s bread and butter work is luxury apartments, Sunseeker yachts, and country homes.

(credit: Wetherell)

The building also has a pillared main entrance foyer with 16 ft. high ceiling, a manned hotel-style concierge desk, and a 24-hour porter service.

(credit: Wetherell)

Although it is not exclusively student housing, Wetherell is claiming Fountain House could become London’s most expensive student accommodation if all the flats end up being rented to foreign students.

(credit: Wetherell)


Related Articles

arrow_forward_ios
No. 1 Grosvenor Square (Lodha Luxury)

$185.5M London penthouse is UK’s second-priciest sale this year

$185.5M London penthouse is UK’s second-priciest sale this year
Ronnie Wood and his London home (Getty, Milton Stone)

Rolling Stones guitarist Ronnie Wood lists colorful London townhouse

Rolling Stones guitarist Ronnie Wood lists colorful London townhouse
French buyers are gobbling up prime London real estate

French buyers are gobbling up prime London real estate

French buyers are gobbling up prime London real estate
Rents are falling not only in New York but in cities around the world (iStock)

Rents fall in cities around the world

Rents fall in cities around the world
(Photo courtesy of Winkworth)

London’s so-called skinniest home hits the market

London’s so-called skinniest home hits the market
(Google Maps)

Buyers from Hong Kong and China are scooping up London’s luxury inventory

Buyers from Hong Kong and China are scooping up London’s luxury inventory
60 Sloane Avenue in London and Cardinal Pietro Parolin (Google Maps, Getty)

Top Vatican officials approved London property sale under investigation

Top Vatican officials approved London property sale under investigation
Number 22 Bishopsgate

Trophy office towers could become a thing of the past in London

Trophy office towers could become a thing of the past in London
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...