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  The cost for one of London's most pricey apartments will
  begin at £35million - with 600 megarich customers already
  securing a spot on the waiting list.
  
  Pricing details of billionaire John Caudwell's spectacular
  1 Mayfair development have now been revealed and only those with the deepest pockets can hope to afford one
  of the lavish pads.
  
  The cheapest apartment on offer is expected to be an eye-watering
  £35million - around 70 times the average cost of a house in the
  capital.
  
  Due to complete in Spring 2026 the scheme will easily surpass London's
  previous record breaker, the £1.3billion One Hyde Park development in Knightsbridge.
  
  
  Caudwell told The Standard that there are already more than 600
  prospective buyers on a waiting list of billionaires and centi-millionaires who
  have expressed an interest in making a purchase at the
  scheme.
  
  There will be just 24 'principal residences' in the property including lateral
  apartments, penthouses and townhouses with up to five bedrooms, and
  five more smaller 'pieds-à-terre' apartments.
  
  The size of the homes has not yet been disclosed but the developers say
  even the most modest property will start with a guide price exceeded by only a handful of mansions in London's richest
  neighbourhoods. 
  
  The average price of all 29 units - which cover 300,000 sq ft - will be close to £70million. 
  
  
  
  
  The cost of London's most pricey apartments will begin at £35million - with 600 megarich
  customers already securing a spot on the waiting list.
  Pictured: A Computer generated image of the Mayfair development
  
  
  
  
  
  Details of pricing at John Caudwell's spectacular Mayfair
  development has now been revealed and only those with the
  deepest pockets can hope to afford one of the lavish pads.
  
  Pictured: The building's topping out ceremony
  
  
  
  
  
  
  
  The entry level price of £35million is 70 times the average
  London property value of around £500,000, and 130 times the
  national average price of £268,000 revealed
  in today's Nationwide house price survey for November.
  
  The development's basement is being dug down to 90ft below ground level to make
  room for a health spa with a 20 metre swimming pool as well as a car park.
  
  
  The designs were led by New York based architect Robert Stern and practice RAMSA, with contractors, Mace, the construction managers
  and PJ Carey responsible for the creation of the basement substructure and superstructure.
  
  
  
  
  
  Due to complete in Spring 2026 after a six years build the scheme will easily surpass
  London's previous record breaker, the £1.3billion One Hyde Park development in Knightsbridge.
  Pictured: The ground floor at 1 Mayfair 
  
  
  
  
  
  Billionaire John Caudwell (pictured) is funding
  the scheme. He founded the mobile phones retailers Phones 4u
  
  
  
  
  
  The size of the homes has not yet been disclosed but the developers say even the most modest property will start with a guide price exceeded by only a handful of mansions in London's
  richest neighbourhoods. Pictured: A glamourous hallway within Mayfair 1
  
  
  
  Be the first to commentBe one of the first to commentComments
  
  Would you spend £35M+ on a luxury London apartment?
  
  
  Comment now
  Caudwell - who founded the mobile phones retailers Phones 4u -
  attended the topping out of 1 Mayfair alongside senior members of the construction team.
  
  
  The ceremony was marked by the final steel rafter, one of 79 at roof level, being put into place on the top of the nine-storey main apartment building.
  
  
  No expense has been spared on the building's interior and it will feature a ceiling with hand-painted frescos based
  on Michelangelo's Map of the Heavens in the Vatican, a reception room with a double
  height ceiling and 18ft high French windows overlooking the garden.
  
  There will also be a Palace of Versailles Hall of Mirrors-style crystal callery, created
  from over 1,264 hand-set pieces of cut glass, a library
  and a garden gallery, with seating areas opening directly
  onto the central courtyard garden.
  
  
  Hyde ParkLondon

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