“Shepherd Market has a distinct character and charm; it is also oldest part of Mayfair with a close knit community and a village like atmosphere.” says David Lee, Head of Sales at Mayfair real estate agent Pastor Real Estate.
Described as ‘the Heart of Mayfair’ by many local residents, Shepherd Market is a charming small square and piazza, discreetly positioned between Piccadilly and Curzon Street and only a five minute walk from Green Park tube station. Originally it dates back to 1735-46 when Edward Shepherd developed it on a plot of land that had been used for the 15 day May Fair held every year and from which Mayfair takes its name.
David Lee comments, “Shepherd Market owes a lot to is local residents and retailers association which offers a voice for local people as well as being responsible for organising annual events such as the Christmas Lights. Five to ten years ago, many of the shops in the Market were empty, now nearly all are occupied and hosting thriving businesses, with a noticeable shift upmarket.
The retail tenant mix has significantly improved, thanks to the policies of the major landlord in the Market, Motcomb Estates. Put simply, and with a few exceptions, you can live in a property above a business, a Georgian townhouse or in one of the relatively modern, or even brand-new, blocks of apartments.
The average price per square foot in all types of property is less than the Mayfair average, demonstrating the potential for greater growth. There are also apartment buildings and purpose-built mansion blocks that might be purchased by parents for children, investors, full-time residents and most typically by those requiring second homes or bolt-holes during visits for work or holidays.”
New Developments near Shepherd Market
- Clarges Mayfair – A British Land development offering brand new luxury apartments, some with view on Green Park but all with state of the art 5 star concierge facilities due for completion later this year.
- Mayfair Park Residences: A Clivedale development with converge facilities linked to the Dorchester Collection.
- 60 Curzon Street – comprising of around 31 apartments, estimated total value upon completion in the region of £600M.
Pastor Real Estate
Pastor Real Estate is a professional, specialist property and real estate company, based in Mayfair, London, which offers a comprehensive range of property services.