Pavement tour: Buying on the real Monopoly Squares

We explore the most prime locations on the Monopoly board, and find out what Monopoly property prices would buy in the real world.

Mayfair_on_monopoly_boardShock waves were felt around the dining tables of the country recently when Hasbro revealed that in the Here and Now version of Monopoly all but one of the London locations had changed.

Trafalgar Square remained, but the Old Kent Road had gone trendy and become Portobello Road Market, Mayfair had got a job and turned into the City, and the train stations had taken to the air, morphing into Gatwick, Heathrow, Stanstead and London City Airport.

Thankfully though this Monopoly makeover was a limited edition.

A spokesperson from Hasbro told us, "The reason Monopoly is so popular is due to its heritage, and we feel that the locations on the board are key to this.

"Whilst we like to re-invent the game play, introducing different features, from a round board to electronic card readers, we feel the locations are important and we do not intend to move away from these at present."

Relieved that that has been sorted, we take a look at a few of the more expensive locations, and what you could buy today for the price on the board.

Connaught_hotel_mayfair1. Mayfair

The most expensive location, now at £4 million, and home to the capital's largest concentration of luxury hotels and restaurants, Mayfair remains highly prestigious.

But does the area still deserve the number one slot on the board?

Chris Sellwood, sales manager at Foxtons on Park Lane, says, "Technically, in terms of pounds per square foot, Kinghtsbridge and Belgravia are more expensive. But in terms of exclusivity it's still up there.

"Most people who live there have generally owned the property for many years. People do like to show off about owning a property in Mayfair.

"We don't have many people who want a family home in Mayfair – it's not like South Kensington. It's quite a commercial area still. But a lot of properties are owned by Middle Eastern families who are just in London for the summer for a few weeks.

"You can tell when they're going to arrive because flowers appear outside, then the family will turn up in a Rolls-Royce Phantom."

And the price of owning in such a prestigious location? According to Chris, properties start at £500,000 (any lower and it's probably because the property has a very short lease) and can go up to as much as £50 million. But that's if you can find one – Mayfair is so exclusive that most properties aren't even officially on the market.

Foxtons are selling a lateral two-bed apartment on Mount Street, and you'll still have a fiver left from your Monopoly £4 million.

Other properties for your Monopoly money:

A three-bed flat with access to secret gardens of Green Street, available from Weatherell at £3.95 million.

A three-bed house in Bruton Place from Chelsea International, at £3.5 million.

Park_lane_property_for_sale2. Park Lane

At £3.5 million, Park Lane, which marks the western boundary of Mayfair, comes second only to the Mayfair square itself.

Originally a country lane running alongside Hyde Park, it became one of London's most fashionable addresses in the 18th century, when it was lined with some of the largest privately-owned mansions in the capital.

But road widening, and the demolition of houses at Hyde Park Corner in the 1960s, diminished its charm somewhat by turning it into one of the busiest roads in the city.

Today it is well-known for its run of 5-star hotels, including the Dorchester and the Grosvenor House Hotel, and its upmarket car showrooms.

Peter Weatherell, from Weatherell Estate Agents, says, "There are a number of residential blocks as well as hotels along Park Lane.

"Prices range from one million to £15 million. The buyers range; we sold a triplex to a family for £15 million, but it's not their primary address."

Weatherell are selling a two-bed duplex apartment with a terrace on Park Lane for £3.65 million.

More Park Lane properties:

Foxtons have a one-bed flat on the market for £1.5 million.

Savills have a three-bed apartment between Grovesnor Square and Park Lane on at £7.65 million.

Piccadilly_circus3. Piccadilly

To buy the Piccadilly square you will have to put down £2.8 million of your Monopoly cash. But you can get away with spending much less in the real Piccadilly.

Chris Sellwood says, "It's a very commercial location, and I don't think I've seen anything residential actually on Piccadilly Circus.

"But you do get properties on Coventry Street (also a Monopoly square) and the other streets around Piccadilly Circus. There's also an ex-local authority block at the back of Piccadilly.

"To buy around here you're looking at £300,000 to £400,000 for a one bed. We sold one recently in Whitcomb Street for about £425,000.

"Generally, most of that location is pied a terres. For a main residence people usually prefer to move further out and get a decent sized flat for their money."

Foxtons currently have a three-bed penthouse for sale, close to Piccadilly and Green Park, for £4.995 million.

Other properties for sale near Piccadilly:

Strutt & Parker have a two-bed apartment in a mansion block in Dover Street for £1.7 million.

Wetherell have a one-bed house in New Burlington Place for £750,000.

Liverpool_street_station4. Liverpool Street

If you want to own Liverpool Street, which is the third busiest station in London, you will have to fork out £2 million of your Monopoly fortune.

Estate agents Tarn & Tarn currently have three townhouses for sale on New Street, which is directly opposite Liverpool Street Station, for around the £2 million mark.

Jonathan Frank from Tarn & Tarn says, "The prices on these houses range from £1.9 to £2.1 million, because they're top of the range and there are so few full houses around here.

"Flats in this area start from about £400,000, although we have got a studio on Artillery Lane for £275,000."

And who's buying? "Properties this close to Liverpool Street are going to be bought by city boys who want to fall out of bed and into work."

Tarn & Tarn have three restored Georgian houses for sale, ranging from £1.9 million to £2.1 million.

Other properties for sale at Liverpool Street:

Hamptons have a five-bed Grade II Listed house for sale on nearby Wallside for £1.7 million.

Hamilton Brooks have a three-bed penthouse apartment in the nearby Barbican for £1.4 million.

Marylebone_property_for_sale5. Marylebone Station

Marylebone is the youngest of London's mainline terminal stations and also one of the smallest. Although the area directly around the station is not considered to be as desirable, Marylebone itself can command high prices.

Simon Rosenthall from Oakleys says the area is popular with professionals, investors, and people who want a pied a terre.

For the £2 million Monopoly price tag you could have your choice of properties nearby.

"Prices will go from £250,000 for a one bed off Lisson Grove, but if you go round the corner to Dorset Square, you'll be paying £1.5 million.

"There's a real difference in price between Marylebone Station and Marylebone High Street, though it's just minutes away."

Oakleys have a three-bed mansion flat just moments from the station, on the market for £1.95 million.

Bridgestead have a two-bed penthouse needing modernisation on Bickenhall Street for £1.695 million.

York Estates have a four-storey three-bed house on Shouldham Street for £1.5 million.

    • By Nikki Sheehan
      6 May 2010
    Whilst we like to re-invent the game play, introducing different features, from a round board to electronic card readers, we feel the locations are important and we do not intend to move away from these at present.