2 Bed Flat, Single Let, London, NW1 4SN, £950,000

HANOVER GATE MANSIONS Park Road, London, Greater London, NW1 4SN - 4 views - a year ago

BTL

116 m²

+4 photos

ValuationUndervalued

Sold Prices	£250K - £1.8M
Sold Prices/m²	£7.9K/m² - £17.9K/m²

Square Metres	116 m²
Price/m²	£8.2K/m²
Value Estimate	£1,159,000£1,159,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£237,500£237,500
Stamp Duty & Legal Fees	£65,950£65,950
Total Cash In	£303,450£303,450

Cash Out
Rent Range	£2,080 - £6,283£2,080 - £6,283
Rent Estimate	£2,443
Running Costs/mo	£3,477£3,477
Cashflow/mo	£-1,034£-1,034
Cashflow/yr	£-12,412£-12,412
Gross Yield	3%3%

Local Sold Prices

51 sold prices from £250K to £1.8M, average is £735K. £7.9K/m² to £17.9K/m², average is £14.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£950K	02/21	0.06 mi	Flat 118, Rossmore Court, Park Road, London, Greater London NW1 6XZ	£11,310	84	2	Flat
£638K	03/23	0.06 mi	Flat 115, Rossmore Court, Park Road, London, Greater London NW1 6XZ	-	-	2	Flat
£1.1M	08/21	0.11 mi	Flat 66, Abbey Lodge, Park Road, London, Greater London NW8 7RL	-	-	2	Flat
£720K	04/23	0.12 mi	Flat 20, Mordern House, Harewood Avenue, London, Greater London NW1 6NR	-	-	2	Flat
£507.5K	03/21	0.14 mi	First Floor Flat, 59, Balcombe Street, London, Greater London NW1 6HD	£15,379	33	2	Flat
£550K	09/23	0.16 mi	Flat 16, Farnham House, Harewood Avenue, London, Greater London NW1 6NT	-	-	2	Flat
£680K	08/21	0.17 mi	Flat 25, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU	-	-	2	Flat
£467.5K	10/23	0.17 mi	Flat 22, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU	-	-	2	Flat
£675K	10/23	0.21 mi	3, Linhope Street, London, Greater London NW1 6ES	£7,941	85	2	Flat
£685K	01/21	0.26 mi	Flat 189, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AR	-	-	2	Flat
£360K	08/23	0.28 mi	3d, Gateforth Street, London, Greater London NW8 8EH	-	-	2	Flat
£660K	12/20	0.3 mi	Flat 6, Cosway Mansions, Shroton Street, London, Greater London NW1 6UE	-	-	2	Flat
£475K	01/21	0.3 mi	Flat 12, Cotes House, Ashbridge Street, London, Greater London NW8 8DG	-	-	2	Flat
£250K	03/23	0.3 mi	Flat 10, Cotes House, Ashbridge Street, London, Greater London NW8 8DG	-	-	2	Flat
£1.2M	01/23	0.3 mi	Flat 36, Chalfont Court, Baker Street, London, Greater London NW1 5RS	-	-	2	Flat
£790K	01/23	0.35 mi	Flat 106, Lords View, St Johns Wood Road, London, Greater London NW8 7HG	-	-	2	Flat
£800K	10/23	0.35 mi	Flat 98, Lords View, St Johns Wood Road, London, Greater London NW8 7HG	-	-	2	Flat
£735K	06/21	0.36 mi	Flat 66, Dorset House, Gloucester Place, London, Greater London NW1 5AE	-	-	2	Flat
£1.7M	06/23	0.43 mi	Penthouse G, St. Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT	-	-	2	Flat
£835K	01/24	0.43 mi	Flat 23, St Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT	-	-	2	Flat
£398K	10/20	0.43 mi	63a, Lisson Street, London, Greater London NW1 5DA	£11,031	36	2	Flat
£550K	09/23	0.44 mi	11c, Penfold Street, London, Greater London NW1 6RU	-	-	2	Flat
£990K	09/22	0.46 mi	First And Second Floor Flat, 2, Harcourt Street, London, Greater London W1H 4EX	-	-	2	Flat
£1.4M	09/23	0.46 mi	Flat B, 30, Upper Montagu Street, London, Greater London W1H 1RP	-	-	2	Flat
£1.4M	09/23	0.46 mi	Flat B, 30, Upper Montagu Street, London, Greater London W1H 1RP	-	-	2	Flat
£905K	09/21	0.47 mi	25a, Harcourt Street, London, Greater London W1H 4HN	£14,141	64	2	Flat
£475K	08/23	0.47 mi	Flat 20, Helsby Court, Pollitt Drive, London, Greater London NW8 8JQ	-	-	2	Flat
£850K	06/22	0.48 mi	9, Montagu Mansions, London, Greater London W1U 6LB	£15,455	55	2	Flat
£645K	10/23	0.48 mi	Flat 20, York Mansions, Chiltern Street, London, Greater London W1U 5AL	-	-	2	Flat
£610K	03/23	0.48 mi	Second Floor Flat, 14, Crawford Street, London, Greater London W1H 1BP	-	-	2	Flat
£725K	06/21	0.49 mi	Flat 4a, Grove End House, Grove End Road, London, Greater London NW8 9HP	-	-	2	Flat
£600K	03/23	0.49 mi	Flat 7b, Grove End House, Grove End Road, London, Greater London NW8 9HL	-	-	2	Flat
£1.1M	06/21	0.51 mi	Flat 77, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	2	Flat
£780K	02/23	0.51 mi	Flat 40, Clarewood Court, Seymour Place, London, Greater London W1H 2NL	-	-	2	Flat
£775K	08/23	0.52 mi	Flat 16, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£810K	09/23	0.52 mi	Flat 13, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£1.2M	01/21	0.52 mi	15, Montagu Mews North, London, Greater London W1H 2JR	£14,390	82	2	Flat
£850K	10/23	0.52 mi	Flat B, 12, Montagu Row, London, Greater London W1U 6ED	-	-	2	Flat
£650K	10/20	0.53 mi	Flat 31, Charlbert Court, Charlbert Street, London, Greater London NW8 7BX	-	-	2	Flat
£1.8M	03/21	0.54 mi	68, Montagu Mansions, London, Greater London W1U 6LE	£10,261	175	2	Flat
£1.6M	06/21	0.54 mi	76, Montagu Mansions, London, Greater London W1U 6LE	£17,857	89	2	Flat
£1.3M	08/23	0.54 mi	51, Montagu Mansions, London, Greater London W1U 6LD	£16,211	81	2	Flat
£520K	02/21	0.55 mi	Flat 14, Princess Court, Bryanston Place, London, Greater London W1H 2DF	-	-	2	Flat
£1.0M	08/21	0.55 mi	Flat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£980K	09/21	0.55 mi	Flat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£730K	12/20	0.56 mi	Flat 2, Newcastle House, Luxborough Street, London, Greater London W1U 5BR	-	-	2	Flat
£960K	12/20	0.56 mi	Flat 8, Newcastle House, Luxborough Street, London, Greater London W1U 5BR	-	-	2	Flat
£957.5K	03/21	0.56 mi	Flat 12, Newcastle House, Luxborough Street, London, Greater London W1U 5BR	-	-	2	Flat
£635K	04/23	0.56 mi	Flat 99, Charlbert Court, Eamont Street, London, Greater London NW8 7DA	-	-	2	Flat
£635K	05/23	0.56 mi	Flat 111, Charlbert Court, Eamont Street, London, Greater London NW8 7DA	-	-	2	Flat
£585K	06/23	0.57 mi	Flat 30, Eamont Court, Eamont Street, London, Greater London NW8 7DG	-	-	2	Flat

Local Rents

50 rents from £2.1K/mo to £6.3K/mo, average is £3.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,683	06/24	0.02 mi	Palgrave Gardens, London	2	Flat
£4,099	01/25	0.03 mi	-	2	Flat
£4,117	06/24	0.03 mi	Regents Park House, Park Road, NW8	2	Flat
£4,117	06/24	0.03 mi	Regents Park House, Park Road, NW8	2	Flat
£3,245	06/24	0.04 mi	Palgrave Gardens, London, NW1	2	Flat
£3,500	06/24	0.04 mi	Alberts Court, Palgrave Gardens, London, NW1	2	Flat
£3,500	06/24	0.04 mi	Alberts Court, Palgrave Gardens, London, NW1	2	Flat
£3,467	06/24	0.04 mi	Park Road, Regent's Park, London, NW1	2	Flat
£3,500	06/24	0.04 mi	Palgrave Gardens Marylebone NW1	2	Flat
£3,500	12/24	0.05 mi	-	2	Flat
£3,300	06/24	0.05 mi	-	2	Flat
£3,000	12/24	0.05 mi	-	2	Flat
£3,683	06/24	0.05 mi	Hanover Gate Mansions, Park Road, Regents Park	2	Flat
£3,051	03/25	0.05 mi	-	2	Flat
£3,900	06/24	0.05 mi	Palgrave Gardens, Baker Street, London, NW1	2	Flat
£4,442	06/24	0.05 mi	Palgrave Gardens, Marylebone, London, NW1	2	Flat
£3,943	06/24	0.06 mi	Palgrave Gardens, Marylebone, London, NW1	2	Flat
£3,467	06/24	0.06 mi	Palgrave Gardens, London	2	Flat
£3,467	06/24	0.06 mi	Palgrave Gardens, Marylebone, London, NW1	2	Flat
£3,142	06/24	0.06 mi	Elizabeth Court, Palgrave Gardens, Regent's Park, NW1	2	Flat
£3,250	06/24	0.06 mi	Alberts Court, 2 Palgrave Gardens, NW1	2	Flat
£4,000	07/24	0.07 mi	Park Road, St. Johns Wood, NW8	2	Flat
£3,300	08/24	0.07 mi	Lorne Close, London, NW8	2	Flat
£4,000	06/24	0.07 mi	Palgrave Gardens, Marylebone, NW1	2	Flat
£4,983	07/24	0.1 mi	Crown Court, St John's Wood, NW8	2	Flat
£3,000	06/24	0.1 mi	Brunswick House, 94-96 Balcombe Street, NW1	2	Flat
£2,999	06/24	0.1 mi	Balcombe Street, Marylebone NW1	2	Flat
£2,080	06/24	0.1 mi	Balcombe Street, Marylebone NW1	2	Flat
£2,550	12/24	0.1 mi	-	2	Flat
£2,950	08/24	0.11 mi	Monroe House, 7 Lorne Close, NW8	2	Flat
£2,650	12/24	0.11 mi	Balcombe Street, London, NW1	2	Flat
£2,795	06/24	0.11 mi	Gloucester Place, London	2	Flat
£3,100	04/25	0.12 mi	-	2	Flat
£2,750	06/24	0.12 mi	Ivor Court, Gloucester Place, NW1	2	Flat
£3,614	12/24	0.12 mi	-	2	Flat
£3,250	12/24	0.12 mi	-	2	Flat
£2,925	06/24	0.12 mi	Ivor Court, Gloucester Place, London, NW1	2	Flat
£3,900	06/24	0.12 mi	Gloucester Place, Marylebone, London, NW1	2	Flat
£2,951	06/24	0.13 mi	Balcombe Street, Baker Street, NW1 6NG – 2 Bedrooms Flat	2	Flat
£3,800	01/25	0.13 mi	-	2	Terraced House
£6,283	06/24	0.13 mi	The Atrium, Park Road, St Johns Wood, NW8	2	Flat
£4,182	06/24	0.13 mi	Strathmore Court, Park Road, Regents Park, NW8	2	Flat
£2,850	02/24	0.14 mi	-	2	Flat
£2,750	06/24	0.14 mi	Rossmore Court, Park Road, NW1	2	Flat
£3,900	06/24	0.14 mi	Crown Court, Park Road, London, NW8	2	Flat
£3,995	07/24	0.14 mi	Crown Court, Park Road, London, NW8	2	Flat
£2,495	02/24	0.14 mi	-	2	Flat
£4,000	06/24	0.14 mi	Radley House, Park Road, Marylebone, NW1	2	Flat
£4,000	06/24	0.15 mi	Huntsworth Mews, Marylebone, NW1	2	Flat
£2,817	06/24	0.16 mi	Harewood Avenue Marylebone NW1	2	Flat

Local Area Statistics

Population in NW1	60,29460,294
Population in London	4,771,9214,771,921
Town centre distance	2.49 miles away2.49 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.29 miles away0.29 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-4%-4%

Property History

Listed for £950,000

January 26, 2024

Sold for £273,000

2001

Sold for £240,000

1999

Sold for £187,500

1999

Sold for £165,000

1999

Sold for £129,000

1995

Floor Plans

Description

2 Spacious Bedrooms +
Portered Mansion Block +
Lifts +
Share Of Freehold +
Close to Regent's Park & Baker Street Station +
Near London Business School & Regent's University +
2 Spacious Bedroom +
24-hour CCTV +

This spacious 2 bedroom apartment is located a stone throw away from Regent's Park and set within an imposing portered mansion block.

Hanover Gate Mansions is located opposite the entrance to the green open spaces of Regent's Park and provides easy access to the London Business School/Regent's University and is within easy reach of an excellent selection of shops, bars and restaurants both in St John's Wood and on Baker Street and moments away from Oxford Street and Marylebone high street.

Further benefits include porters, lifts, a secure entry system and 24-hour CCTV.

Share of Freehold with a 980 year lease

Agent Details

The Avenue Real Estate Group, London

020 8154 5406

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Rents