Property Of The Week: Belgravia’s Eaton Mews West Gets £50m Makeover

Leading fund manager Fairway Capital has been granted planning permission by the City of Westminster for a landmark £50 million (GDV) residential-led scheme in Eaton Mews West in Belgravia providing 426 sq.m. (4,585 sq.ft.) of new office space and the first complete terrace of new mews houses to be built in Belgravia since the 1950s, comprising six houses with rear gardens.

Located just off Eaton Square, the Eaton Mews West site has an interesting history with links to the Royal Household Cavalry, aristocrats and famous politicians. The Fairway Capital Fund purchased the historic Belgravia Garage site, acquiring off market the short lease from the garage operators and the freehold from the Grosvenor Estate.

Located in the Belgravia Conservation Area, the new development by Fairway Capital, sensitively designed by luxury developer Leconfield Property Group and award-winning architectural practice MSMR, will retain the historic Georgian façade with new build behind and a new mansard roof with dormer windows installed to allow five of the six new houses to be three storeys tall. New front doors, timber beams and sash windows with wrought iron flower boxes will form part of the façade restoration.

Each house will be around 200 square feet in size, comprising 5 three-bed homes and 1 two-bed home, each with generously sized private rear gardens – gardens being a rare and highly sought after feature in this part of Belgravia.

Local developer Leconfield, known for the restoration of the former Belgravia mansion of Prime Minister Margaret Thatcher in adjacent Chester Square, will be responsible for executing the design and development of the Eaton Mews West scheme.

Construction is anticipated to commence in November 2024 with works complete by Q2 2026. Fairway Capital are likely to launch the houses for sale once the scheme is built, with comparable premium properties in the area currently achieving sales values of around £3,500 per square foot.

The Eaton Mews West site was originally developed by local Belgravia builder Seth Smith in c1828 the mews providing a terrace of stables containing a horse infirmary and shoe forge with brick entrance arches at either end. This equine facility tended to the carriage horses of the local aristocracy and the Royal Household Cavalry horses from the nearby Hyde Park Barracks.

Between 1908-1914 the mews stables were converted into garages providing premises for the Eaton Square Garage Company, established in 1930, which serviced the Rolls Royces, Bentleys and other motorcars of Eaton Square residents such as Neville Chamberlain, Lord Halifax and Stanley Baldwin, providing repairs, petrol filling and car cleaning.

George Brooksbank, CEO of Fairway Capital says: “We are pleased to have gained unanimous approval at Committee from Westminster City Council for the planning permission for our new Eaton Mews West scheme. Located in the heart of Belgravia the new development will provide high quality office space and the first complete terrace of new mews houses to be built in Belgravia since the 1950s. Leconfield, who have successfully built over 100 developments across prime central London, will oversee the delivery of the scheme. Private gardens are rare and highly sought after in this part of Belgravia and we have already had interested parties for both the office space and the houses.”

For further information on Fairway Capital, visit www.fairwaycapital.com.

Images: FAIRWAY CAPITAL

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