2 Bed Flat, Single Let, London, W2 5DR £500,000

Peters Court, Porchester Road W2 5DR, W2 - 8 views - 2 years ago

Leasehold

BTL

ROI: 1%

~68 m²

ValuationUndervalued

Sold Prices	£200K - £5.0M
Sold Prices/m²	£6.5K/m² - £36.3K/m²

Square Metres	~68.11 m²
Price/m²	£7.3K/m²
Value Estimate	£610,000£610,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£28,700£28,700
Total Cash In	£153,700£153,700

Cash Out
Rent Range	£540 - £5,250£540 - £5,250
Rent Estimate	£2,100
Running Costs/mo	£2,003£2,003
Cashflow/mo	£98£98
Cashflow/yr	£1,170£1,170
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £200K to £5.0M, average is £765K. £6.5K/m² to £36.3K/m², average is £10K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£5.0M	02/25	0.09 mi	159, Apartment 501n, Queensway, London W2 4BL	£36,263	137	2	Flat
£512K	11/21	0.1 mi	Flat 68, Exeter House, Hallfield Estate, London, Greater London W2 6EN	-	-	2	Flat
£500K	11/23	0.1 mi	Winchester House, 68, Hallfield Estate, London W2 6EB	£7,246	69	2	Flat
£1.1M	07/23	0.11 mi	169b, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£555K	05/23	0.11 mi	169d, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£455K	08/23	0.15 mi	Flat C, 9, Westbourne Grove Terrace, London, Greater London W2 5SD	£6,791	67	2	Flat
£875K	03/25	0.16 mi	Basement Flat, 59, Kensington Gardens Square, London W2 4BA	-	-	2	Flat
£1.4M	01/25	0.2 mi	27c, Westbourne Park Road, London W2 5PX	£14,840	94	2	Flat
£1.2M	09/21	0.2 mi	27, Westbourne Park Road, London W2 5PX	£13,138	94	2	Flat
£880K	03/25	0.24 mi	Basement, 25, Queen's Gardens, Bayswater, London W2 3BD	£8,984	98	2	Flat
£1.3M	01/25	0.25 mi	53, Basement Flat, Cleveland Square, London W2 6DB	-	-	2	Flat
£770K	03/23	0.26 mi	Basement Flat, 98, Westbourne Terrace, London, Greater London W2 6QE	£7,333	105	2	Flat
£650K	09/23	0.3 mi	Third Floor Flat, 2, Leinster Square, London, Greater London W2 4PL	-	-	2	Flat
£760K	04/24	0.31 mi	67, Flat C, Queens Gardens, London, Greater London W2 3AH	£13,818	55	2	Flat
£925.1K	08/25	0.32 mi	37, Gloucester Mews, London W2 3HE	-	-	2	Flat
£840K	08/25	0.32 mi	Flat 45, 13 16 Corringham, Craven Hill Gardens, London W2 3EH	-	-	2	Flat
£200K	02/23	0.32 mi	Flat 132a, Queens Court, Queensway, London, Greater London W2 4QS	-	-	2	Flat
£812K	07/25	0.33 mi	Ground Floor Flat, 105, Gloucester Terrace, London W2 3HB	-	-	2	Flat
£550K	04/25	0.34 mi	Flat 7a, Queens Court, Queensway, London W2 4QN	£7,639	72	2	Flat
£820K	01/25	0.34 mi	6, Flat 3, Porchester Terrace, London W2 3TL	£10,000	82	2	Flat
£450K	06/25	0.36 mi	15, Gloucester Mews, London W2 3HE	-	-	2	Flat
£450K	06/25	0.36 mi	15, Gloucester Mews, London W2 3HE	-	-	2	Flat
£877K	12/23	0.36 mi	71c, Westbourne Terrace, London, Greater London W2 3UY	£8,598	102	2	Flat
£996K	04/25	0.38 mi	Flat 42, 1 The Westbourne, Artesian Road, London W2 5DL	£11,581	86	2	Flat
£1.1M	06/23	0.42 mi	Flat 4, Saxon Hall, Palace Court, London, Greater London W2 4JA	-	-	2	Flat
£2.9M	08/21	0.42 mi	First Floor Flat, 35, Blomfield Road, London, Greater London W9 2PF	£16,765	170	2	Flat
£341.3K	02/25	0.42 mi	Forbes House, Flat 24, Gloucester Terrace, London W2 3DA	£6,966	49	2	Flat
£845K	06/21	0.42 mi	Third Floor Flat, 28, Westbourne Terrace, London, Greater London W2 3UP	-	-	2	Flat
£755K	06/21	0.44 mi	7a, Palace Court, London, Greater London W2 4LP	£8,032	94	2	Flat
£545K	10/23	0.46 mi	22, Gloucester Terrace, London, Greater London W2 3DD	-	-	2	Flat
£925K	08/25	0.47 mi	Flat 6, 60, St Stephen's Gardens, London W2 5NJ	-	-	2	Flat
£3.8M	12/21	0.48 mi	31, Pembridge Villas, London W11 3EP	£16,964	224	2	Flat
£550K	09/23	0.48 mi	Basement Flat, 12a, Shrewsbury Road, London, Greater London W2 5PR	-	-	2	Flat
£632K	05/21	0.49 mi	Ground Floor Flat, 21, Moorhouse Road, London, Greater London W2 5DH	£12,898	49	2	Flat
£1.6M	06/21	0.49 mi	28a, Pembridge Villas, London, Greater London W11 3EL	£18,396	89	2	Flat
£450K	06/25	0.51 mi	19, 80 Anglebury, Talbot Road, London W2 5LE	£8,491	53	2	Flat
£450K	06/25	0.51 mi	19, 80 Anglebury, Talbot Road, London W2 5LE	-	-	2	Flat
£870K	06/25	0.51 mi	Flat 5, 83, Linden Gardens, London W2 4EU	£12,083	72	2	Flat
£870K	06/25	0.51 mi	Flat 5, 83, Linden Gardens, London W2 4EU	-	-	2	Flat
£900K	08/25	0.51 mi	Flat 5, 61, Linden Gardens, London W2 4HJ	-	-	2	Flat
£2.2M	12/23	0.54 mi	84c, Ledbury Road, London, Greater London W11 2AH	£21,881	101	2	Flat
£490K	04/25	0.54 mi	Flat 8, Livingstone Lodge, Admiral Walk, London W9 3TN	£6,533	75	2	Flat
£480K	05/24	0.54 mi	Livingstone Lodge, Flat 14, Admiral Walk, London W9 3TN	£6,667	72	2	Flat
£535K	06/24	0.56 mi	Larch Court, Flat 16, Admiral Walk, London W9 3UA	£6,971	77	2	Flat
£545K	07/21	0.56 mi	Flat 24, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£525K	09/23	0.56 mi	Flat 16, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£555K	09/21	0.56 mi	Flat 29, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£565K	03/25	0.57 mi	Flat 10, Elm Court, Admiral Walk, London W9 3TZ	£7,244	78	2	Flat
£640K	04/24	0.57 mi	53, First Floor Flat, Sutherland Avenue, London W9 2HF	£12,800	50	2	Flat
£1.9M	07/21	0.58 mi	62a, Pembridge Villas, London, Greater London W11 3ET	£19,204	99	2	Flat

Local Rents

50 rents from £540/mo to £5.3K/mo, average is £3.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£5,250	08/25	0 mi	Queensway, London, W2	2	Flat
£2,998	10/25	0.01 mi	Newbury House, Hallfield Estate, London, W2	2	Semi-Detached House
£5,200	06/25	0.02 mi	Inverness Terrace, Bayswater	2	Flat
£2,500	08/25	0.02 mi	Queensway, London, W2	2	Flat
£2,500	09/25	0.02 mi	Queensway, London, W2	2	Flat
£2,550	03/25	0.02 mi	-	2	Flat
£2,550	03/25	0.02 mi	-	2	Flat
£3,200	10/25	0.04 mi	Queensway, London, W2	2	Flat
£2,968	10/24	0.04 mi	Bishops Bridge Road, Paddington W2	2	Flat
£3,449	10/24	0.04 mi	Bishops Bridge Road, London, W2	2	Flat
£2,950	07/25	0.04 mi	Bishops Court, Bishops Bridge Road, Bayswater, W2	2	Flat
£3,250	09/25	0.04 mi	Bishops Bridge Road, London, W2	2	Flat
£2,998	11/25	0.04 mi	Porchester Square, Queensway	2	Flat
£2,998	11/25	0.04 mi	Porchester Square, London	2	Flat
£3,098	09/25	0.05 mi	Bishops Bridge Road, London	2	Flat
£1,000	06/25	0.06 mi	Porchester Square, London, W2	2	Flat
£4,333	10/24	0.06 mi	Inverness Terrace, London	2	Flat
£4,333	10/24	0.06 mi	Inver Court, Inverness Terrace, London, W2	2	Flat
£4,333	10/24	0.06 mi	Inverness Terrace, Bayswater, W2	2	Flat
£692	07/25	0.06 mi	Porchester Square, Hyde Park	2	Flat
£807	07/25	0.06 mi	Porchester Square, 34 Porchester Square	2	Flat
£3,293	11/25	0.06 mi	Queensway, London, W2	2	Flat
£540	07/25	0.06 mi	Porchester Road, London, W2	2	Flat
£3,500	11/25	0.07 mi	Inverness Terrace, Bayswater	2	Flat
£5,200	06/25	0.07 mi	Aird House 117 Inverness Terrace London	2	Flat
£3,980	06/25	0.07 mi	-	2	Detached House
£4,475	10/25	0.07 mi	-	2	Detached House
£2,690	06/25	0.07 mi	Queensway, London	2	Flat
£3,499	07/25	0.07 mi	Westbourne Gardens, London, UK, W2	2	Flat
£2,747	10/25	0.07 mi	Porchester Road, London	2	Flat
£3,200	09/25	0.08 mi	The Colonnades, Westbourne Grove, London, W2	2	Flat
£2,800	09/25	0.08 mi	-	2	Flat
£3,250	11/25	0.08 mi	Bayswater Mansions, 10-12 Westbourne Grove, W2	2	Flat
£4,500	11/25	0.08 mi	-	2	Flat
£3,467	10/24	0.08 mi	Peters Court, Porchester Road, London, W2	2	Flat
£2,250	10/24	0.08 mi	Sarda House, Queensway, London, W2	2	Flat
£2,492	10/24	0.08 mi	The Colonnades, 34 Porchester Square, W2	2	Flat
£3,300	07/25	0.08 mi	The Colonnades, 34 Porchester Square, W2	2	Flat
£3,250	10/25	0.08 mi	The Colonnades, 34 Porchester Square, W2	2	Flat
£3,033	11/25	0.08 mi	Porchester Road, Queensway, W2	2	Flat
£4,000	05/25	0.09 mi	The Colonnades, 34 Porchester Square, W2	2	Flat
£3,500	07/25	0.09 mi	The Whiteley, 159 Queensway, London, W2	2	Flat
£3,000	10/25	0.09 mi	Flat , The Colonnades, Porchester Square, London	2	Flat
£3,250	09/25	0.09 mi	Gloucester Gardens, Paddington, London, W2	2	Flat
£3,250	06/25	0.09 mi	Gloucester Gardens, Bayswater, London, W2	2	Flat
£3,467	09/25	0.09 mi	Gloucester Gardens, Bayswater, London, W2	2	Flat
£3,200	10/25	0.09 mi	Porchester Square, London, W2	2	Flat
£3,200	12/24	0.09 mi	-	2	Flat
£2,700	06/25	0.09 mi	The Colonnades, Porchester Square, London	2	Flat
£2,700	07/25	0.09 mi	The Colonnades, Porchester Square, London	2	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	3.59 miles away3.59 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.21 miles away0.21 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-12%-12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-4%-4%

Property History

Listed for £500,000

August 2, 2023

Floor Plans

Description

Leasehold Term 99 years from 25/12/1971 +
Popular Portered Building +
First Floor +
Lift +
Newly Refurbished +
Reception Room +
Kitchen +
Two Bedrooms +
Bathroom +

Property Description

This newly refurbished two bedroom apartment boasts well proportioned rooms. The property is located on the first floor of this popular portered building with lift access.

Agent Details

Chancellors, Notting Hill

020 3871 3433

Next Steps?

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

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