Buyer guide · London
Service charges at London’s branded residences
Every branded residence carries a service charge: the bill for running the building and the hotel brand's services to residents. 6 of the 14 for sale in London on our list have a published or reported figure, from about £16.95 to £29 per sq ft a year, with a median near £19.34.
On a home of 2,000 sq ft that is roughly £33,900 to £58,000 a year. The highest is One Hyde Park: The Residences at Mandarin Oriental, at about £29; the lowest, No. 1 Palace Street, The St. Regis Residences, at about £16.95.
What the charge pays for differs by building. At The OWO Residences by Raffles it covers the Raffles-run residential team: 24-hour concierge and security, valet and porterage, pre-arrival shopping, communal housekeeping and maintenance, daily newspapers, house car and dog sitting. Ask for the current year's budget before an offer: the figure moves each year, and services the brand charges for are billed on top.
Ground rent is a separate, smaller charge. Leases granted since 30 June 2022 can only carry a peppercorn ground rent, under the Leasehold Reform (Ground Rent) Act 2022.
- Buildings with a figure
- 6
- Lowest, per sq ft a year
- £16.95
- Median
- £19.34
- Highest
- £29
One Hyde Park: The Residences at Mandarin Oriental
£29
The Residences at Mandarin Oriental Mayfair
£24
The OWO Residences by Raffles
£19.73
The Whiteley by Six Senses
£18.95
The Lucan, Autograph Collection Residences
£17
No. 1 Palace Street, The St. Regis Residences
£16.95
| Residence | Per sq ft a year | Year | On 2,000 sq ft | Lease |
|---|---|---|---|---|
| One Hyde Park: The Residences at Mandarin Oriental | £29 | 2026 | £58,000 | Leasehold: Long lease to November 3005, about 979 years remaining (2026); some flats are sold with a share of the freehold |
| The Residences at Mandarin Oriental Mayfair | £24 | 2026 | £48,000 | Leasehold: 999 years |
| The OWO Residences by Raffles | £19.73 | 2026 | £39,460 | Leasehold: Lease to February 2268, about 241 years remaining (2026); peppercorn ground rent |
| The Whiteley by Six Senses | £18.95 | 2026 | £37,900 | Leasehold: A lease of about 979–995 years; peppercorn ground rent |
| The Lucan, Autograph Collection Residences | £17 | 2026 | £34,000 | Leasehold: Peppercorn ground rent |
| No. 1 Palace Street, The St. Regis Residences | £16.95 | 2024 | £33,900 | Leasehold |
Figures are the latest published or reported for each building, with the year they are from; an estimate is marked so on the residence’s page. They exclude VAT and the brand’s charged extras.
The 6 residences in this guide
6 residences
One Hyde Park: The Residences at Mandarin Oriental
London · Since 2011 · 86 units
The Residences at Mandarin Oriental Mayfair
London · Since 2022 · 77 units
From £3.6m
The OWO Residences by Raffles
London · Since 2023 · 85 units
From about £4m
The Whiteley by Six Senses
London · Since 2024 · 139 units
From about £2.3m (2026)
The Lucan, Autograph Collection Residences
London · Since 2024 · 31 units
From £2m
No. 1 Palace Street, The St. Regis Residences
London · 72 units
From about £2.9m (2024)
What to know
From about £16.95 to £29 per sq ft a year across the 6 buildings with a figure, with a median near £19.34: roughly £38,680 a year on 2,000 sq ft.
One Hyde Park: The Residences at Mandarin Oriental, at about £29 per sq ft a year (2026).
New leases granted since 30 June 2022 carry only a peppercorn ground rent. The OWO Residences by Raffles; The Residences at Mandarin Oriental Mayfair; The Lucan, Autograph Collection Residences and The Whiteley by Six Senses are recorded with a peppercorn or no ground rent.
Leasehold: all 11 on our list with a recorded tenure are sold on long leases, each one's term on its own page.
Compare all 6 in a table
| Residence | Brand | Developer | Offered as | Opened | Units | Tenure |
|---|---|---|---|---|---|---|
| One Hyde Park: The Residences at Mandarin Oriental | Mandarin Oriental | CPC Group (Candy brothers) and Waterknights | Sale / Rent | 2011 | 86 | Leasehold, 999 years |
| The Residences at Mandarin Oriental Mayfair | Mandarin Oriental | Clivedale London | Sale | 2022 | 77 | Leasehold, 999 years |
| The OWO Residences by Raffles | Raffles | The Hinduja Group and Onex Holding | Sale | 2023 | 85 | Leasehold |
| The Whiteley by Six Senses | Six Senses | MARK / C C Land | Sale | 2024 | 139 | Leasehold |
| The Lucan, Autograph Collection Residences | Autograph Collection | Gulf Islamic Investments (GII), in a venture with Marriott International | Sale | 2024 | 31 | Leasehold |
| No. 1 Palace Street, The St. Regis Residences | St. Regis | Northacre and SHUAA | Sale | — | 72 | Leasehold |
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