3 Bed Flat, Single Let, London, W2 2QJ, £715,000

Edgware Road, Nr. Marble Arch, W2 2QJ - 5 views - 2 years ago

Leasehold

BTL

ROI: 3%

~93 m²

+17 photos

ValuationUndervalued

Sold Prices	£194.3K - £5.9M
Sold Prices/m²	£5.9K/m² - £22.1K/m²

Square Metres	~93 m²
Price/m²	£7.7K/m²
Value Estimate	£886,600£886,600
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£178,750£178,750
Stamp Duty & Legal Fees	£45,900£45,900
Total Cash In	£224,650£224,650

Cash Out
Rent Range	£3,000 - £10,000£3,000 - £10,000
Rent Estimate	£3,578
Running Costs/mo	£2,970£2,970
Cashflow/mo	£608£608
Cashflow/yr	£7,296£7,296
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £194.3K to £5.9M, average is £1.2M. £5.9K/m² to £22.1K/m², average is £13.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£750K	07/23	0.02 mi	Flat 410, Park West, Edgware Road, London, Greater London W2 2QT	£8,824	85	3	Flat
£760K	06/23	0.02 mi	Flat 480, Park West, Edgware Road, London, Greater London W2 2QX	-	-	3	Flat
£2.2M	02/23	0.12 mi	Flat 18, Fursecroft, George Street, London, Greater London W1H 5LF	-	-	3	Flat
£3.4M	08/23	0.15 mi	Flat 72, Bryanston Court, George Street, London, Greater London W1H 7HD	-	-	3	Flat
£2.1M	11/20	0.15 mi	Flat 100, Bryanston Court, George Street, London, Greater London W1H 7HE	£11,657	178	3	Flat
£3.0M	06/23	0.15 mi	Flat 111, Bryanston Court, George Street, London, Greater London W1H 7HE	-	-	3	Flat
£1.8M	10/22	0.15 mi	Flat 41, Cumberland Mansions, Nutford Place, London, Greater London W1H 5ZB	-	-	3	Flat
£1.5M	03/21	0.19 mi	Flat 62, Bryanston Court, George Street, London, Greater London W1H 7HD	-	-	3	Flat
£2.8M	03/21	0.19 mi	Flat 24, Bryanston Court, George Street, London, Greater London W1H 7HA	-	-	3	Flat
£325K	09/21	0.2 mi	Flat C, 23, Hyde Park Place, London, Greater London W2 2LP	£12,500	26	3	Flat
£325K	09/21	0.2 mi	Flat C, 23, Hyde Park Place, London, Greater London W2 2LP	£12,500	26	3	Flat
£865K	12/22	0.23 mi	Flat 10, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	3	Flat
£1.1M	06/21	0.26 mi	65, St Michaels Street, London, Greater London W2 1QR	-	-	3	Flat
£970K	05/21	0.26 mi	Flat 9a, Oxford & Cambridge Mansions, Transept Street, London, Greater London NW1 5EJ	-	-	3	Flat
£2.0M	10/22	0.27 mi	95a, York Street, London, Greater London W1H 4QG	£16,942	121	3	Flat
£1.4M	08/23	0.27 mi	Flat 62, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	3	Flat
£1.8M	09/23	0.27 mi	Flat 71, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	3	Flat
£5.9M	03/21	0.28 mi	14, Montagu Street, London, Greater London W1H 7EX	-	-	3	Flat
£2.4M	06/23	0.29 mi	Third And Fourth Floor Maisonette, 50, Montagu Square, London, Greater London W1H 2LW	-	-	3	Flat
£2.2M	11/23	0.29 mi	44, Basement And Ground Floor Flat C, Montagu Square, London, Greater London W1H 2LN	-	-	3	Flat
£1.8M	06/21	0.3 mi	16, New Quebec Street, London, Greater London W1H 7RU	£16,308	112	3	Flat
£2.0M	11/22	0.34 mi	Flat C, 22, Montagu Square, London, Greater London W1H 2LF	£15,610	131	3	Flat
£1.1M	08/23	0.37 mi	14, Sussex Square, London, Greater London W2 2SL	-	-	3	Flat
£2.8M	05/21	0.45 mi	78, Montagu Mansions, London, Greater London W1U 6LE	£22,080	125	3	Flat
£2.3M	08/22	0.46 mi	40, Montagu Mansions, London, Greater London W1U 6LB	£15,033	153	3	Flat
£1.9M	02/21	0.46 mi	48, Montagu Mansions, London, Greater London W1U 6LD	-	-	3	Flat
£1.4M	06/21	0.48 mi	Flat 24, Melcombe Court, Dorset Square, London, Greater London NW1 6EP	£13,725	102	3	Flat
£1.1M	04/21	0.5 mi	Flat 67, Wendover Court, Chiltern Street, London, Greater London W1U 7NP	-	-	3	Flat
£1.3M	02/24	0.52 mi	Dorset House, Flat 182, Gloucester Place, London, Greater London NW1 5AH	£13,462	94	3	Flat
£740K	11/20	0.53 mi	Flat 32, Gilray House, Gloucester Terrace, London, Greater London W2 3DF	-	-	3	Flat
£815K	12/20	0.53 mi	Flat 5, Gilray House, Gloucester Terrace, London, Greater London W2 3DF	-	-	3	Flat
£1.2M	10/23	0.53 mi	Flat 28, St Andrews Mansions, Dorset Street, London, Greater London W1U 4EQ	-	-	3	Flat
£2.3M	06/23	0.53 mi	Flat 26, St Andrews Mansions, Dorset Street, London, Greater London W1U 4EQ	-	-	3	Flat
£3.0M	04/21	0.56 mi	Flat 4f, Portman Mansions, Chiltern Street, London, Greater London W1U 6NS	-	-	3	Flat
£950K	12/23	0.57 mi	Flat 11, Carroll House, Craven Terrace, London, Greater London W2 3PP	-	-	3	Flat
£530K	06/21	0.59 mi	Flat 46, Fleming Court, St Marys Square, London, Greater London W2 1SE	-	-	3	Flat
£585K	01/21	0.59 mi	Flat 1, Fleming Court, St Marys Square, London, Greater London W2 1SE	-	-	3	Flat
£1.1M	03/21	0.59 mi	5a, Linhope Street, London, Greater London NW1 6ES	£8,333	129	3	Flat
£194.3K	10/21	0.6 mi	Flat B, 2, Rossmore Road, London, Greater London NW1 6NJ	-	-	3	Flat
£3.7M	09/23	0.6 mi	14, Dukes Mews, London, Greater London W1U 3ET	-	-	3	Flat
£1.2M	05/23	0.61 mi	Flat 153, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AP	-	-	3	Flat
£1.6M	04/21	0.62 mi	Flat 182, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AR	-	-	3	Flat
£1.1M	12/20	0.62 mi	Flat 14, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AY	-	-	3	Flat
£1.1M	01/21	0.63 mi	Flat 46, St. Marys Mansions, St Marys Terrace, London, Greater London W2 1SH	-	-	3	Flat
£1.3M	02/21	0.65 mi	Flat 13, St. Marys Mansions, St Marys Terrace, London, Greater London W2 1SQ	-	-	3	Flat
£443.5K	04/21	0.66 mi	159, Lisson Grove, London, Greater London NW8 8EB	£5,913	75	3	Flat
£615K	09/21	0.67 mi	Flat 45, Tadema House, Penfold Street, London, Greater London NW8 8PN	-	-	3	Flat
£970K	06/23	0.67 mi	Flat 130, Ivor Court, Gloucester Place, London, Greater London NW1 6BT	-	-	3	Flat
£1.0M	03/21	0.67 mi	Flat 103, Ivor Court, Gloucester Place, London, Greater London NW1 6BS	-	-	3	Flat
£850K	06/23	0.68 mi	Second Floor Flat C, 20, Nottingham Place, London, Greater London W1U 5NH	-	-	3	Flat

Local Rents

51 rents from £3K/mo to £10K/mo, average is £5.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,117	10/24	0.03 mi	-	3	Flat
£4,115	10/24	0.03 mi	-	3	Flat
£4,200	10/24	0.03 mi	-	3	Flat
£4,200	10/24	0.03 mi	-	3	Flat
£6,400	10/24	0.03 mi	-	3	Flat
£4,100	10/24	0.03 mi	-	3	Flat
£4,000	11/24	0.03 mi	-	3	Flat
£3,800	12/24	0.03 mi	-	3	Flat
£3,800	12/24	0.03 mi	-	3	Flat
£3,900	04/25	0.03 mi	-	3	Flat
£7,000	10/24	0.05 mi	-	3	Terraced House
£6,933	10/24	0.09 mi	Harrowby Street, Marylebone, W1H	3	Flat
£6,933	03/25	0.09 mi	-	3	Flat
£5,500	10/24	0.1 mi	Connaught Street London W2	3	Flat
£6,500	10/24	0.1 mi	-	3	Flat
£5,750	03/25	0.1 mi	-	3	Flat
£5,850	10/24	0.1 mi	Harrowby Street, London, W1H	3	Flat
£5,633	10/24	0.1 mi	Harrowby Street, Marylebone, W1H	3	Flat
£5,500	10/24	0.11 mi	Connaught Court, Connaught Street, W2	3	Flat
£6,000	10/24	0.11 mi	Richbourne Court, Harrowby Street, W1H	3	Flat
£6,000	10/24	0.11 mi	9 Harrowby Street, Marylebone, London, W1H	3	Flat
£7,150	10/24	0.11 mi	Harrowby Street, London, W1H	3	Flat
£3,000	02/25	0.11 mi	-	3	Flat
£3,250	04/25	0.11 mi	-	3	Flat
£3,445	10/24	0.12 mi	Stourcliffe Street London W1H	3	Flat
£5,850	10/24	0.12 mi	Richbourne Court, 9 Harrowby Street, Marylebone, W1H	3	Flat
£5,850	10/24	0.12 mi	-	3	Flat
£5,000	10/24	0.12 mi	-	3	Flat
£5,200	10/24	0.12 mi	-	3	Flat
£5,500	10/24	0.12 mi	-	3	Flat
£4,600	03/25	0.12 mi	-	3	Flat
£5,000	02/25	0.14 mi	-	3	Flat
£5,000	04/25	0.14 mi	-	3	Flat
£8,450	10/24	0.14 mi	Fursecroft, Marble Arch, London W1H	3	Flat
£6,933	10/24	0.15 mi	Cambridge Square, London	3	Flat
£9,533	10/24	0.15 mi	Bryanston Court II, George Street, Marylebone W1H	3	Flat
£5,503	10/24	0.15 mi	Upper Berkeley Street, London, W1H	3	Flat
£5,417	10/24	0.16 mi	Connaught Square, Hyde Park, W2	3	Flat
£6,000	10/24	0.16 mi	-	3	Flat
£6,000	10/24	0.16 mi	Cumberland Mansions, London, W1H	3	Flat
£4,875	10/24	0.16 mi	-	3	Terraced House
£10,000	10/24	0.17 mi	Hyde Park Square, Connaught Village, W2	3	Flat
£6,250	01/25	0.17 mi	-	3	Flat
£7,000	04/25	0.17 mi	-	3	Flat
£8,450	10/24	0.17 mi	George Street, Fursecroft, Marylebone, London	3	Flat
£6,500	10/24	0.18 mi	-	3	Terraced House
£6,500	10/24	0.18 mi	-	3	Terraced House
£7,367	10/24	0.18 mi	Molyneux Street, London, W1H	3	Flat
£4,550	10/24	0.18 mi	Albion Gate, Albion Street, Hyde Park W2	3	Flat
£4,300	10/24	0.18 mi	-	3	Flat
£6,933	10/24	0.18 mi	Shouldham Street, Marylebone, London, W1H	3	Detached House

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	2.71 miles away2.71 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.31 miles away0.31 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+20%+20%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-15%-15%

Property History

Listed for £715,000

March 27, 2023

Floor Plans

Description

Three bedrooms +
Fifth floor (with lift) +
24hr Porter +
Prestigious Hyde Park Estate +
Park West - Block 2 +
Convenient for Connaught village cafés / shops +

A well-proportioned light and east-west facing, fifth floor (with lift) three bedroom apartment located within this popular Art Deco 1930's block. Park West - includes 24hr porter and ideally located for shopping on Oxford Street / Bond Street, together with fabulous amenities / open spaces of Hyde Park.

Situated on the prestigious Hyde Park Estate and located in Block 2 - one of the more desirable and quieter blocks. Approached from the Kendal Street side and through the attractive pedestrian courtyard garden between Porchester Place and Edgware Road.

Park West is just a short distance away from Marble Arch St, Edgware Road St and Paddington Mainline St, (Heathrow Express & Elizabeth line). Connaught Village with its eclectic mix of boutique shops, cafés, restaurants and pubs are also nearby.

LEASE: ABOUT 77 YEARS REMAINING
SERVICE CHARGE - ABOUT £7,500 PER ANNUM
GROUND RENT - ABOUT £200 PER ANNUM
COUNCIL TAX BAND: F

Agent Details

Winkworth, Paddington & Bayswater

020 3834 8311

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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