Britain’s most expensive property area: It costs £1,400 to buy space the size of an iPad Air in London’s posh Mayfair
-Property website did an analysis of the 10 biggest cities in Britain
-They aimed to show how expensive property is to buy in each of the cities
-Analysts used the size of an iPad Air to illustrate property prices
-Gadget measures 9.4ins by 6.7 ins – which is less than a square foot
-Mayfair is the most expensive place to own a piece of iPad-sized land
-Birmingham is ten times cheaper than Mayfair, followed by Nottingham
-OnTheMarket.com analysis used an iPad to help people visualise space
It is known for its famous residents, expensive shops and huge sprawling mansions.
And now it appears getting a space to lay down your iPad in the posh London district of Mayfair will cost more than anywhere else in Britain.
A survey of the 10 biggest cities in Britain revealed that owning less than a square foot of property in Mayfair is likely to cost you 10 times more than purchasing exactly the same size space in Birmingham.
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The study took the size of an iPad Air, which measures 9.4ins by 6.7 ins, and worked out how much it would cost to own a space the size of the gadget.
It found that in London’s posh Mayfair this area would cost £1,430.61, while in Birmingham this is considerably cheaper at a price of £102.85.
Property website OnTheMarket.com did the survey to determine where the most expensive property area in Britain is.
They used an iPad, rather than the typical measures of a square foot, so that people could visualise the space.
Birmingham is the cheapest city to ‘lay down your iPad’, with the small space costing around £102.85
The cost was worked out using the average price of a two bedroom apartment in each of the 10 cities to act as a control.
HOW MUCH IT COSTS TO OWN AN IPAD SPACE IN BRITAIN’S CITIES
London, Mayfair – £1,430.61
Manchester – £195.93
Bristol – £183.03
Leeds – £123.48
Sheffield – £144.61
Newcastle – £143.41
Liverpool – £133.21
Glasgow – £122.60
Nottingham – £115.84
Birmingham – £102.85
Then analysts calculated how much a slice of the property – measuring the size of an iPad – would cost to give a figure.
Helen Whiteley, Commercial Director at OnTheMarket.com, said: ‘The point of this analysis was to provide a clear visual example of property values and by using the iPad we provide an immediate and easy reference point to visualise a space.’
Mayfair was by far the most expensive area to own the area of an iPad.
And even London overall topped the list at an average price of £340.16.
Lewisham, seen as one of the more up and coming boroughs in the capital, came out with a price tag of £269.58 to own a slice of land, measuring less than a square foot.
The next most costly area was Manchester, where an iPad sized plot would cost £195.93.
MAYFAIR MANSION WITH ASKING PRICE OF £45 MILLION SNAPPED UP LAST YEAR
This Grade II listed property in Mayfair that had an asking price of £45million was sold less than six months ago.
The mansion, in Balfour Place, boasted a staggering 19 bedrooms, seven reception rooms, six kitchens, 17 bathrooms and a roof terrace.
Spread over 13,000sq/ft, the property was around 15 times the size of the average newbuild in the UK.
The Arts & Craft property, built in 1891, was snapped up by a wealthy millionaire.
The property was marketed by Wetherell and Savills estate agents, with the deal confirmed by Peter Wetherell.
Due to a confidentiality agreement, Mr Wetherell would not confirm the final price paid or who had bought it.
However, if it is anywhere near the £45 million asking price, it would have been among the biggest sales of 2014.
The most expensive publicly listed deal of 2014 was £50 million for a flat in Knightsbridge.
The property was designed by Eustace Balfour and has a five storey brick facade.
It originally featured large entertaining rooms and eight family bedrooms while the fourth and fifth floors were for staff.
Over the years it has had a number owners including several industrialists, a Dowager Countess and a City of London metal-trader magnate.
Palatial: The mansion, in Balfour Place, Mayfair, was on the market for £45 million and sold at the end of last year