Featured property...
York Terrace West, Regent's Park, London, NW1 4QA $20,420,400 (£15,000,000)
Park life...
London is blessed with an array of Royal Parks whose value has never been more keenly appreciated than now. During the last 12 months Londoners have flocked to these verdant expanses in their droves in search of spirit-lifting counterpoints to the daily drudgery of lockdowns and restrictions.
The prospective owners of the three adjacent apartments available in York West Terrace, Regent's Park, won't have to flock anywhere, however - they will be located within the park's perimeter. Other Royal Parks boast many superb properties but they surround the parks rather than fall within their confines.
Where the city meets the village
The allure of a more peaceful life in the heart of London has long drawn people to Marylebone's Village - and it is mere minutes away from York Terrace West.
Marylebone denizens are unlikely to tire of the village's assortment of boutique shops, quaint cafes and time-erasing pubs that decorate its tree-lined high street.
However, if they do then there is yet more on offer, as outlined by MaryleboneVillage.com, a paean to all things NW1.
"Visitors can enjoy a range of cultural and lifestyle activities, from art exhibitions to exercise classes, as well as the masterclasses, collaborations and promotions hosted by our shops and restaurants, most of which also participate in the major community events organised by Howard de Walden: the Marylebone Food Festival, Marylebone Design District, Marylebone Summer Festival and Marylebone Christmas Lights."
The magic of three...
Unique is an overused word. However, its use can be justified when describing the three adjoining apartments for sale in York West Terrace - the park's most sought-after block.
"I've been working in the area since 2007 and I've never seen anything like this come up," said Zach Madison, the Savills agent looking after the sale.
"To be able to get three apartments next to each other in a block of this prestige will never happen again."
Having nearly 5,064 square feet of living space, apportioned between three separate living areas, and in one of the best blocks in one of the best locales in London rather sells itself, so Mr Madison will have had tougher assignments on his hands during his time in real estate.
Ideal for a middle-eastern family
Such a living arrangement is "perfect for the international buyer", and unsurprisingly Mr Madison has received significant interest from abroad.
He is in no doubt as to whom the apartments would most suit - a large middle-eastern family.
"It's on the only private gated road in the park, and with 24-hour porter service it is an ideal lock-up and leave."
The area is also awash with excellent schools, including the American School in St John's Wood which boasts outstanding sports and arts facilities.
And for children from a coastal emirate like Dubai, their nautical yearnings can be sated daily in Regent's Park boating lake which the properties' 20 park-facing windows look out on.
A liquid asset
Given the apartments' location, depreciation isn't going to be a concern and Mr Maddison describes them as being a "very liquid asset".
Adding to their liquidity is the block opposite - York Terrace East. The entire site is currently on the market for $252 million (£185 million) with planning permission for two houses and 26 apartments.
Now that's the definition of an area uplift!
Key features
- Three apartments (two three-beds and one two-bed)
- Views over Regent's Park and easy access to its many amenities including open-air theatre and zoo
- Four underground parking spaces
- Access to communal gardens
- 24-hour porter
- 20 park-facing windows
- On Marylebone side of park
York Terrace West is on the market with Savills
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Find out here how London is luring Middle East demand for luxury homes during the Covid pandemic.
