Wednesday, February 22, 2012

London’s Luxury Olympic Rentals

London’s Luxury Olympic RentalsPhoto: Barry Winiker | Photolibrary |Getty ImagesLondon is home to some of the world’s most opulent hotels, but with five-star rooms in short supply during the Olympic Games this summer, wealthy visitors are increasingly turning to private homes to meet their accommodation needs.An estimated 500,000 extra visitors will travel to London for the Olympic Games this year, and with the majority of city’s top hotels fully booked or charging extortionate rates for their very best rooms, renting a beautiful home in one of London’s most desirable districts can prove to be the more economical option.One company offering this is Onefinestay.com,which bills itself as an “unhotel,” offering deluxe vacation properties with the luxury touches that guests would expect from a top hotel.Guests are greeted on arrival, bellhops on scooters are available 24/7, and maid service, wifi, and the use of an iPhone full of local listings come as standard.“We like to think that combines the best bits of a hotel experience with the best bits of staying in someone’s home, because you get all the convenience and the comfort of the home,” Greg Marsh, co-founder and CEO of Onefinestay, told CNBC.com.The vast majority of properties being offered are situated near the center of the city; Marsh says those remain the most sought-after areas for visitors during the Olympics, despite the fact that most Olympic events take place in less affluent boroughs in the east of the city.Other famous realtors such as Foxtons, Savills, and Glentree are also offering luxurious short-let properties during the Olympics. Click ahead to see some of the best on offer this summer.By Bianca SchlotterbeckPosted 22 February 2012 FrognalLocation: HampsteadPrice: From £1,835 ($2,896) per nightBedrooms: 5Bathrooms: 4Frognal is a Grade II listed house — which means it has been placed on the U.K.’s Statutory List of Buildings of Special Architectural or Historic Interest — that dates back to the 19th century and is available to rent during the Olympics through Onefinestay.com. The owners have renovated their home with great attention to detail, from the handcrafted skirting boards (polished from old church rafters) to the custom-made mahogany staircase.The home is located in Hampstead, an area of London known for its intellectual, artistic, musical, and literary associations, and for the large and hilly parkland Hampstead Heath. It is also home to some of the most luxurious housing in the London area, with large houses regularly listed for sale at more than £20 million ($32 million). The village of Hampstead has more millionaires within its boundaries than any other area in the U.K. Cross StreetLocation: Angel, IslingtonPrice: £50,000 ($78,925) per weekBedrooms: 6Bathrooms: 6Having been recently refurbished, this seven-bedroom maisonette (including a two-bedroom, self-contained flat above) combines original features with a living area and entertaining space.Located in London’s young and trendy Angel district, Cross Street is set over four floors (with a lift joining them). The property comprises a 65-foot living space on the first floor with part double-height ceilings and exposed beams. It includes an open-plan kitchen, utility room, two double bedrooms (one with en suite shower room) which unfold onto a private courtyard, master bedroom with dressing room and an en suite bathroom, a further two double bedrooms, two shower rooms, a roof terrace with panoramic views over London, and outdoor heating and water features.The self-contained flat can also be accessed via the lift and includes a 30-foot reception room with open-plan kitchen and utility room, master bedroom with en suite shower room, and a second bedroom and bathroom. It is available to rent during the Olympics through Foxtons.Albert Hall MansionsLocation: KnightsbridgePrice: From £1,499 ($2,366) per nightBedrooms: 3Bathrooms: 2Situated alongside London’s Royal Albert Hall,with views of Hyde Park, Albert Hall Mansions was erected in 1879 by celebrated architect Norman Shaw. Described by the agents as a “building designed to cause a sharp intake of breath,” the home features Corinthian pillars, stained glass, and chandeliers greet you in the hallway, which leads into two reception rooms, both with park-facing terraces.Owned by a German couple, the property is being rented during the Olympics by Onefinestay, which provides a 24-hour concierge service and asks owners to leave a list of recommendations of interesting things to do in London.Blenheim CrescentLocation: Notting HillPrice: From £799 ($1,261) per nightBedrooms: 4Bathrooms: 2Blenheim Crescent is described by Onefinestay.com as a “large home that zings with fun, from the purple velvet sofas to the girly haven on the top floor.” Located in London’s fashionable and exclusive Notting Hill, notable features include a large living room with a grand piano, large private garden, and access to a communal garden. Courtney AvenueLocation: HampsteadPrice: £25,000 ($39,462) per weekBedrooms: 9Bathrooms: 8Courtney Avenue is known as one of the most expensive streets in Britain, where houses cost on average £7 million ($11 million) to buy. The gated cul-de-sac, located near Hampstead Heath and Kenwood House, contains this large house, available to rent during the Olympics.Described by the agent Glentree Estatesas a “once-in-a-lifetime opportunity to rent one of the most prestigious properties on the market,” the house has two separate elevators, an indoor swimming pool, gym, a solarium, a steam and sauna room, an award-winning landscaped garden, a roof terrace, and separate staff quarters and 24-hour security.Holland ParkLocation: Holland Park AvenuePrice: From £1,424 ($2,247) per nightBedrooms: 4Bathrooms: 3Built in 1827, with a lot of original features, including the windows, doors, and staircase, this four-bedroom house has been recently restored by its owners. Located in Holland Park, an affluent and fashionable area known for attractive terraces of large Victorian townhouses, it is being rented throughout the Olympics by Onefinestay.Bishops AvenueLocation: HampsteadPrice: £5,500 ($8,690) per weekBedrooms: 6Bathrooms: 2 The average property prices on Bishops Avenue surpassed £1 million ($1.6 million) in the late 1980s and each property occupies a two-acre to three-acre lot. In 2006, the smallest houses on the street were selling for £5 million ($7.9 million). Turkish tycoon Halis Toprak’s 30,000-sq.-ft. (2,800-meter) mansion, sold amid great secrecy to the president of Kazakhstan, Nursultan Nazarbayev, for £50 million ($100 million) in January 2008, making it one of the most expensive houses in the world, as listed by Forbes magazine.The avenue is therefore widely referred to as “millionaires row,” but this spacious property can be rented during the Olympics through Glentree Estatesfor £5,500 a week ($8,690). Lennox GardensLocation: KnightsbridgePrice: From £1,072 ($1,692) per nightBedrooms: 3Bathrooms: 2Furnished in the style of the high Regency, Lennox Gardens is a three-bedroom house located in Knightsbridge, just a step away from London’s famous Harrods department store. Once inside, you’ll find cornices, high ceilings, and large windows, as well as an array of antique furniture. Onefinestay describes the drawing room as “almost palatial in its splendor, with oil paintings, a working fireplace, and French doors that open out onto a charming balcony.”Old Queen StreetLocation: WestminsterPrice: £599 ($945) per nightBedrooms: 4Bathrooms: 4Old Queen Street is situated just one minute away from the prime minister’s residence 10 Downing Street, and just across from the Houses of Parliament in the borough of Westminster. This four-bedroom house, owned by a Lord and Lady, contains a media room and a more formal drawing room. It is available during the Olympics through Onefinestay.com.Tite Street Location: ChelseaPrice: £52,000 ($82,082) per weekBedrooms: 7Bathrooms: 5This luxurious property in the affluent borough of Kensington and Chelsea has four reception rooms and seven bedrooms over three floors. It also contains a gym, staff accomodation, a garage, an Italianate garden, and a roof terrace. It is available for short-let through the Savillsagency.

Maida Vale Location: WestminsterPrice: £60,000 ($94,710) per weekBedrooms: 7Bathrooms: 6Located in Maida Vale close to Regent’s Park, this seven-bedroom house, up for rental during the Olympics through Foxtons, is arranged over four floors. It features spacious rooms, bright interiors, private off-street parking for up to seven cars, a large private garden to the rear, and a large outdoor swimming pool.

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