4 Bed Flat, Single Let, London, W2 2RB, £850,000

Edgware Road, Hyde Park, London, W2 2RB - 2 views - 2 years ago

Leasehold

BTL

ROI: 2%

~129 m²

+7 photos

ValuationUndervalued

Sold Prices	£465K - £16.7M
Sold Prices/m²	£10.3K/m² - £19.6K/m²

Square Metres	~129.26 m²
Price/m²	£6.6K/m²
Value Estimate	£1,020,000£1,020,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£212,500£212,500
Stamp Duty & Legal Fees	£56,700£56,700
Total Cash In	£269,200£269,200

Cash Out
Rent Range	£3,000 - £20,000£3,000 - £20,000
Rent Estimate	£3,900
Running Costs/mo	£3,456£3,456
Cashflow/mo	£444£444
Cashflow/yr	£5,325£5,325
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £465K to £16.7M, average is £2.0M. £10.3K/m² to £19.6K/m², average is £14K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.1M	03/23	0 mi	Flat 155, Park West, Edgware Road, London, Greater London W2 2QP	£11,111	99	4	Flat
£1.4M	02/21	0.06 mi	Flat 18, Fursecroft, George Street, London, Greater London W1H 5LF	-	-	4	Flat
£950K	06/21	0.09 mi	Flat 36, Stourcliffe Close, Stourcliffe Street, London, Greater London W1H 5AR	-	-	4	Flat
£1.4M	02/21	0.09 mi	Flat 18, Fursecroft, George Street, London, Greater London W1H 5LF	-	-	4	Flat
£2.5M	08/23	0.26 mi	Flat 10m, Hyde Park Mansions, Cabbell Street, London, Greater London NW1 5BG	-	-	4	Flat
£1.2M	01/24	0.26 mi	Flat 12f, Hyde Park Mansions, Cabbell Street, London, Greater London NW1 5BB	-	-	4	Flat
£982K	06/21	0.47 mi	Flat 22, Melcombe Court, Dorset Square, Marylebone, London, Greater London NW1 6EP	-	-	4	Flat
£990K	02/21	0.48 mi	Flat 2e, Hyde Park Mansions, Chapel Street, London, Greater London NW1 5BL	-	-	4	Flat
£2.1M	01/21	0.53 mi	Flat 123, Berkeley Court, Marylebone Road, London, Greater London NW1 5NE	-	-	4	Flat
£1.7M	08/21	0.57 mi	Flat 76, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6QR	-	-	4	Flat
£2.2M	05/23	0.57 mi	Flat 3e, Portman Mansions, Chiltern Street, London, Greater London W1U 5AN	-	-	4	Flat
£1.8M	04/21	0.6 mi	Flat 166, Chiltern Court, Baker Street, London, Greater London NW1 5SW	£10,307	175	4	Flat
£1.7M	03/23	0.66 mi	Flat 41, St. Marys Mansions, St Marys Terrace, London, Greater London W2 1SQ	-	-	4	Flat
£2.1M	06/21	0.78 mi	Flat 6, Westminster Court, Aberdeen Place, London, Greater London NW8 8JL	-	-	4	Flat
£1.8M	09/23	0.78 mi	Flat 8, Westminster Court, Aberdeen Place, London, Greater London NW8 8JL	-	-	4	Flat
£3.6M	06/21	0.84 mi	Flat 36, Abbey Lodge, Park Road, London, Greater London NW8 7RJ	£14,008	261	4	Flat
£5.3M	06/23	0.86 mi	Flat 25, Harley House, Marylebone Road, London, Greater London NW1 5HE	-	-	4	Flat
£3.4M	12/22	0.97 mi	Flat 7, Parkside, Knightsbridge, London, Greater London SW1X 7JW	-	-	4	Flat
£3.0M	03/21	0.99 mi	4, Randolph Crescent, London, Greater London W9 1DR	£14,874	199	4	Flat
£750K	03/21	1.09 mi	Flat 185, Holcroft Court, Clipstone Street, London, Greater London W1W 5DH	-	-	4	Flat
£700K	12/22	1.12 mi	Flat 111, Holcroft Court, Clipstone Street, London, Greater London W1W 5DF	-	-	4	Flat
£2.4M	02/21	1.13 mi	Flat 31, Hanover House, St Johns Wood High Street, London, Greater London NW8 7DY	-	-	4	Flat
£2.3M	01/21	1.13 mi	Flat 22, Vale Court, Maida Vale, London, Greater London W9 1RT	-	-	4	Flat
£2.5M	02/21	1.15 mi	Flat 89, North Gate, Prince Albert Road, London, Greater London NW8 7EJ	-	-	4	Flat
£2.8M	02/21	1.15 mi	Flat 61, North Gate, Prince Albert Road, London, Greater London NW8 7EH	-	-	4	Flat
£2.7M	03/21	1.17 mi	Flat 50, South Lodge, Circus Road, London, Greater London NW8 9ET	-	-	4	Flat
£2.9M	12/20	1.21 mi	Ground Floor Flat, 83 - 86, Prince Albert Road, London, Greater London NW8 7RU	-	-	4	Flat
£782.5K	12/20	1.21 mi	Flat 4, Robin House, Barrow Hill Estate, London, Greater London NW8 7AD	-	-	4	Flat
£5.0M	02/23	1.25 mi	61a, Princes Gate, London, Greater London SW7 2PD	-	-	4	Flat
£4.5M	08/23	1.33 mi	7a, Pembridge Villas, London, Greater London W11 3EN	£15,000	300	4	Flat
£16.7M	11/20	1.33 mi	Lower Ground And First Floor Maisonette, 37, Pont Street, London, Greater London SW1X 0BB	-	-	4	Flat
£3.8M	01/21	1.34 mi	7, Chester Place, London, Greater London NW1 4NB	£16,848	227	4	Flat
£535K	06/21	1.35 mi	Flat 11, Moulsford House, Westbourne Park Road, London, Greater London W2 5UN	-	-	4	Flat
£465K	01/21	1.41 mi	Flat 4, Scafell, Stanhope Street, London, Greater London NW1 3QB	-	-	4	Flat
£1.4M	06/23	1.41 mi	111, Eccleston Mews, London, Greater London SW1X 8AQ	-	-	4	Flat
£5.8M	03/24	1.41 mi	57, Third And Fourth Floor Maisonette, Eaton Place, London, Greater London SW1X 8DF	-	-	4	Flat
£1.9M	10/21	1.42 mi	93, Ridgmount Gardens, London, Greater London WC1E 7AZ	-	-	4	Flat
£814.3K	11/22	1.44 mi	Ground Floor Flat, 60, Cadogan Square, London, Greater London SW1X 0EE	£10,520	77	4	Flat
£1.8M	04/22	1.45 mi	15, Ridgmount Gardens, London, Greater London WC1E 7AR	£13,359	131	4	Flat
£1.5M	09/21	1.45 mi	1, Ridgmount Gardens, London, Greater London WC1E 7AP	-	-	4	Flat
£1.9M	10/21	1.46 mi	93, Ridgmount Gardens, London, Greater London WC1E 7AZ	-	-	4	Flat
£4.9M	03/21	1.46 mi	12, Kensington Court Gardens, London, Greater London W8 5QE	£19,645	248	4	Flat
£800K	08/23	1.47 mi	Ground Floor And Basement Flat, 42, Thurloe Square, London, Greater London SW7 2SR	-	-	4	Flat
£3.4M	05/23	1.51 mi	Flat 9, Hamston House, Kensington Court Place, London, Greater London W8 5BL	-	-	4	Flat
£1.4M	03/21	1.54 mi	Flat 85, Bedford Court Mansions, Bedford Avenue, London, Greater London WC1B 3AE	-	-	4	Flat
£2.5M	10/23	1.57 mi	Flat 47, Malvern Court, Onslow Square, London, Greater London SW7 3HY	-	-	4	Flat
£2.1M	09/23	1.57 mi	Flat 32, Malvern Court, Onslow Square, London, Greater London SW7 3HY	-	-	4	Flat
£2.3M	04/23	1.57 mi	Flat 41, Malvern Court, Onslow Square, London, Greater London SW7 3HY	-	-	4	Flat
£1.9M	12/20	1.58 mi	Flat 22, Cottesmore Court, Stanford Road, London, Greater London W8 5QN	-	-	4	Flat
£2.5M	06/21	1.59 mi	Flat 42, Melton Court, Onslow Crescent, London, Greater London SW7 3JH	-	-	4	Flat

Local Rents

51 rents from £3K/mo to £20K/mo, average is £5.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,117	10/24	0 mi	-	3	Flat
£4,115	10/24	0 mi	-	3	Flat
£4,200	10/24	0 mi	-	3	Flat
£4,200	10/24	0 mi	-	3	Flat
£6,400	10/24	0 mi	-	3	Flat
£4,100	10/24	0 mi	-	3	Flat
£4,000	11/24	0 mi	-	3	Flat
£3,800	12/24	0 mi	-	3	Flat
£3,800	12/24	0 mi	-	3	Flat
£3,900	04/25	0 mi	-	3	Flat
£10,617	10/24	0.03 mi	Kendal Street Tyburnia W2	5	Flat
£7,000	10/24	0.04 mi	-	3	Terraced House
£8,233	10/24	0.05 mi	Norfolk Crescent, Hyde Park, W2	5	Flat
£6,933	10/24	0.08 mi	Harrowby Street, Marylebone, W1H	3	Flat
£6,500	10/24	0.08 mi	-	3	Flat
£5,750	03/25	0.08 mi	-	3	Flat
£5,500	10/24	0.08 mi	Connaught Street London W2	3	Flat
£5,850	10/24	0.08 mi	Harrowby Street, London, W1H	3	Flat
£3,445	10/24	0.09 mi	Stourcliffe Street London W1H	3	Flat
£8,450	10/24	0.09 mi	George Street London W1H	4	Flat
£5,500	10/24	0.09 mi	Connaught Court, Connaught Street, W2	3	Flat
£5,633	10/24	0.09 mi	Harrowby Street, Marylebone, W1H	3	Flat
£11,483	10/24	0.09 mi	Fursecroft, George Street, London	5	Flat
£15,000	10/24	0.1 mi	George Street, Marylebone, W1H	5	Flat
£6,933	03/25	0.1 mi	-	3	Flat
£4,600	03/25	0.1 mi	-	3	Flat
£20,000	10/24	0.1 mi	The Water Gardens	5	Flat
£6,000	10/24	0.1 mi	Richbourne Court, Harrowby Street, W1H	3	Flat
£6,000	10/24	0.1 mi	9 Harrowby Street, Marylebone, London, W1H	3	Flat
£7,150	10/24	0.1 mi	Harrowby Street, London, W1H	3	Flat
£10,378	10/24	0.1 mi	Richbourne Court, 9 Harrowby Street, W1H	4	Flat
£5,850	10/24	0.1 mi	Richbourne Court, 9 Harrowby Street, Marylebone, W1H	3	Flat
£5,850	10/24	0.1 mi	-	3	Flat
£5,000	10/24	0.1 mi	-	3	Flat
£5,200	10/24	0.1 mi	-	3	Flat
£5,500	10/24	0.1 mi	-	3	Flat
£5,000	10/24	0.11 mi	Raynham, Norfolk Crescent, W2	4	Flat
£3,000	02/25	0.11 mi	-	3	Flat
£3,250	04/25	0.11 mi	-	3	Flat
£6,067	10/24	0.11 mi	Fursecroft, George Street, W1H	4	Flat
£12,783	10/24	0.11 mi	Fursecroft, George Street, Marylebone W1H	5	Flat
£5,000	02/25	0.11 mi	-	3	Flat
£5,000	04/25	0.11 mi	-	3	Flat
£5,633	10/24	0.12 mi	Fursecroft, George Street, W1H	4	Flat
£8,450	10/24	0.12 mi	Fursecroft, Marble Arch, London W1H	3	Flat
£9,533	10/24	0.13 mi	Bryanston Court II, George Street, Marylebone W1H	3	Flat
£12,458	10/24	0.13 mi	George Street, London, W1H	4	Flat
£12,458	10/24	0.13 mi	Bryanston Court, George Street, London, W1H	4	Flat
£5,503	10/24	0.13 mi	Upper Berkeley Street, London, W1H	3	Flat
£6,000	10/24	0.14 mi	-	3	Flat
£6,000	10/24	0.14 mi	Cumberland Mansions, London, W1H	3	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	2.68 miles away2.68 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 £850,000

August 24, 2023

Floor Plans

Description

4 Bed, 3 Bath +
Fourth Floor with Lift +
Art Deco Black +
Great Transport Links +
24 Hour Porter +
Leasehold: 81 Years Remaining +

A four-bed apartment situated on the fourth floor of this popular portered building with a lift.

This bright and airy contemporary apartment is presented in fantastic condition. There is an entrance hall which leads to all the main rooms. The flat has four large double bedrooms, two of which are ensuite, and a further family bathroom. The modern kitchen/reception is spacious and open plan allowing for entertaining. The appealing layout would lend itself well as a buy to let or a family home.

Park West is a popular art deco block and conveniently located for the amenities around the Edgware Road, and close to the West End and the green spaces of Hyde Park. Nearby Marble Arch, Edgware Road, Paddington and Marylebone stations make it ideally situated for access across Central London.

The entrance to the block is located on Park West Place in between Burwood Place and Kendall Street.

Agent Details

Jaffray Estates, London

020 3828 7612

Next Steps?

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

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