One of London’s smallest one-up-one-downs goes onto rental market for more than £500 per week

London’s most luxurious one-up-one-down has gone on the rental market for a whopping £525 PER WEEK.

The two-storey Grade II listed apartment in upmarket Mayfair has marble tiles and top-of-the-range kitchen appliances following an expensive refurbishment.

But at 364 sq/ft it is around a third of the size of the average UK home and only suitable for a couple with few possessions or someone looking for a pied-a-terre.

On the ground floor is an open plan living room and Pedini brand kitchen and with luxury Miele appliances.

The upper floor has a bedroom and an en-suite shower room with marble tiles.

The property at 36 Shepherd Market was put on the lettings market this week for £525 per week.

This makes it one of the cheapest rentals in Mayfair – but more expensive than a five-bedroom detached home in the Cotswolds.

It is on the market with Pastor Real Estate, which is calling it the “smallest Grade II listed duplex apartment in London”.

Susan Cohen, head of lettings at Pastor Real Estate, said: “36 Shepherd Market is a delightful property available to rent in the heart of Shepherd Market, overlooking the square.

“For rent at £525 a week, this characterful property is the perfect pad for a young professional or as a pied-a-terre.”

The property, which has its own private entrance, is tucked away behind Piccadilly, Park Lane and Curzon Street.

While a bumper price for such a small property, the duplex apartment is less than half the price of a typical Mayfair rental, which is around £1,250 per week.

It has come onto the market at a time where the capital 20-29 year olds now pay a staggering 57 per cent of their post-tax salary on rent.

This is a stark contrast to the North-East, where a rise in earnings among youngsters means rent accounts for 35 per cent of post-tax income.

The average across England is now 47 per cent.