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'Ultimate student apartment' in London on the market for £895,000

Lianna Brinded
Head of Yahoo Finance UK
The luxury pad is located in historic mansion block Avenfield House. Photo: Grant Frazer/Olivia Appleby (LC)/Lawrie Cornish

Luxury estate agent Wetherell just put “London’s ultimate student pad” on the market.

But the one-bedroom apartment doesn’t come cheap — the starting price is £895,000 ($1.1m).

The flat is located in one of the most affluent areas in the UK, let alone London. Located on Park Lane, Mayfair, the apartment in historic mansion block Avenfield House is just 10-20 minutes away from some of London’s top universities, such as the University of Westminster and Kings College London.

Photo: Grant Frazer/ Olivia Appleby (LC)/ Lawrie Cornish

“This contemporary Avenfield House apartment offers the perfect space for a young student living in London. It will not only provide a great investment opportunity for parents, but also reassurance that their child will be living in Mayfair, an exceptionally safe neighbourhood, in close proximity to some of London’s top universities,” said Peter Wetherell, chief executive of Wetherell.

“We are seeing domestic and overseas buyers continue to invest in prime Mayfair property for their studying children, with the priorities being a respected location, good transport links and stylish design.”

Photo: Grant Frazer/ Olivia Appleby (LC)/ Lawrie Cornish

The luxury apartment offers 532 square foot of living space and residents will have a 24-hour porter and lift services. The apartment features contemporary, luxury interiors, such as grey silk carpets, black marble work surfaces, grey marble tiles, and black quartz flooring.

While the price may seem extortionate for the average student, Wetherell has long rented and sold luxury London apartments to mainly foreign buyers who are looking to purchase a safe and optimal residence for their children which will double up as a long-term investment.