2 Bed Terraced House, Single Let, London, W2 1RL, £545,000

Praed Street, London, W2 1RL - 10 views - a year ago

Leasehold

BTL

ROI: 4%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£652K - £6.8M
Sold Prices/m²	£11.9K/m² - £47.9K/m²

Square Metres	~68.11 m²
Price/m²	£8K/m²
Value Estimate	£659,450£659,450
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£136,250£136,250
Stamp Duty & Legal Fees	£32,300£32,300
Total Cash In	£168,550£168,550

Cash Out
Rent Range	£2,297 - £7,262£2,297 - £7,262
Rent Estimate	£2,775
Running Costs/mo	£2,278£2,278
Cashflow/mo	£497£497
Cashflow/yr	£5,963£5,963
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

39 sold prices from £652K to £6.8M, average is £1.5M. £11.9K/m² to £47.9K/m², average is £16.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.8M	06/21	0.12 mi	40, Radnor Mews, London, Greater London W2 2SA	£14,120	125	2	Terraced House
£1.2M	11/21	0.17 mi	31, Conduit Mews, London, Greater London W2 3RE	£17,470	66	2	Terraced House
£1.4M	12/23	0.2 mi	3, Sussex Mews East, London, Greater London W2 2TS	£17,284	81	2	Terraced House
£2.3M	09/23	0.24 mi	16, Star Street, London, Greater London W2 1QD	-	-	2	Terraced House
£1.8M	11/23	0.25 mi	10, Junction Mews, London, Greater London W2 1PN	£12,766	141	2	Terraced House
£1.8M	08/21	0.25 mi	89, Eastbourne Mews, London, Greater London W2 6LQ	£13,235	136	2	Terraced House
£1.5M	12/22	0.34 mi	2, Gloucester Mews West, London, Greater London W2 6DY	-	-	2	Terraced House
£1.5M	08/21	0.37 mi	Flat E, 17, Lancaster Gate, London, Greater London W2 3LH	£14,201	106	2	Terraced House
£925K	10/23	0.38 mi	12b, Queens Gardens, London, Greater London W2 3BA	-	-	2	Terraced House
£1.3M	10/22	0.39 mi	11, Craven Hill Mews, London, Greater London W2 3DY	£12,887	97	2	Terraced House
£3.1M	12/22	0.4 mi	9, Molyneux Street, London, Greater London W1H 5HP	£15,196	204	2	Terraced House
£2.0M	02/21	0.43 mi	27, Archery Close, London, Greater London W2 2BE	£15,625	128	2	Terraced House
£905K	09/21	0.46 mi	25a, Harcourt Street, London, Greater London W1H 4HN	£14,141	64	2	Terraced House
£1.6M	12/21	0.52 mi	Junction House, Blomfield Road, London, Greater London W9 1AB	£14,904	104	2	Detached House
£1.4M	06/23	0.56 mi	11, Wythburn Place, London, Greater London W1H 7BU	£20,352	71	2	Terraced House
£1.3M	08/22	0.56 mi	17, Queensborough Mews, London, Greater London W2 3SG	£22,034	59	2	Terraced House
£1.8M	12/23	0.6 mi	10, Montagu Mews West, London, Greater London W1H 2EE	£17,629	100	2	Terraced House
£652K	06/21	0.63 mi	9a, Brunswick Mews, London, Greater London W1H 7FB	-	-	2	Terraced House
£1.3M	12/23	0.66 mi	21, Gloucester Place Mews, London, Greater London W1U 8BF	£22,167	60	2	Terraced House
£700K	07/22	0.7 mi	47e, Warwick Avenue, London, Greater London W9 2PR	-	-	2	Terraced House
£1.3M	06/22	0.72 mi	4, Spring Mews, London, Greater London W1U 6AS	£16,456	79	2	Terraced House
£1.4M	09/23	0.72 mi	88, Boston Place, London, Greater London NW1 6EX	£15,110	91	2	Terraced House
£1.5M	05/22	0.73 mi	7, Huntsworth Mews, London, Greater London NW1 6DE	£41,351	37	2	Terraced House
£6.0M	06/22	0.74 mi	187, Gloucester Place, London, Greater London NW1 6BU	£15,102	394	2	Terraced House
£1.4M	08/23	0.77 mi	45, Chagford Street, London, Greater London NW1 6EB	£14,415	94	2	Terraced House
£1.6M	11/23	0.77 mi	23, St Petersburgh Mews, London, Greater London W2 4JT	£19,938	80	2	Terraced House
£1.8M	09/22	0.78 mi	36, Huntsworth Mews, London, Greater London NW1 6DB	-	-	2	Terraced House
£945.3K	01/24	0.81 mi	1, Sherlock Mews, London, Greater London W1U 6DW	£29,540	32	2	Terraced House
£1.9M	10/21	0.81 mi	5, Sherlock Mews, London, Greater London W1U 6DW	-	-	2	Terraced House
£1.9M	10/21	0.81 mi	5, Sherlock Mews, London, Greater London W1U 6DW	-	-	2	Terraced House
£6.8M	02/23	0.84 mi	8, Monmouth Road, London, Greater London W2 5SB	£36,828	186	2	Semi-Detached House
£3.5M	11/22	0.84 mi	10, Monmouth Road, London, Greater London W2 5SB	£21,472	163	2	Terraced House
£1.6M	12/22	0.92 mi	13, Bridstow Place, London, Greater London W2 5AE	£24,341	65	2	Terraced House
£800K	03/21	0.92 mi	26, Bridstow Place, London, Greater London W2 5AE	£11,940	67	2	Terraced House
£5.8M	09/23	0.94 mi	44, Chepstow Place, London, Greater London W2 4TA	-	-	2	Terraced House
£1.9M	01/22	0.98 mi	32, Oldbury Place, London, Greater London W1U 5PU	£47,883	40	2	Terraced House
£4.2M	01/22	0.99 mi	22, Oldbury Place, London, Greater London W1U 5PL	£22,703	185	2	Terraced House
£1.4M	05/21	1 mi	Second And Third Floor Maisonette, 27, Sutherland Place, London, Greater London W2 5BZ	-	-	2	Terraced House
£1.4M	04/24	1 mi	27, Ground Floor And Basement Flat, Sutherland Place, London, Greater London W2 5BZ	-	-	2	House

Local Rents

50 rents from £2.3K/mo to £7.3K/mo, average is £4.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,700	10/24	0 mi	-	2	Flat
£5,500	10/24	0.02 mi	-	2	Detached House
£5,500	10/24	0.02 mi	-	2	Detached House
£5,500	11/24	0.02 mi	-	2	Detached House
£5,500	11/24	0.02 mi	-	2	Detached House
£5,500	11/24	0.02 mi	-	2	Detached House
£5,500	12/24	0.02 mi	-	2	Detached House
£5,500	04/25	0.02 mi	-	2	Detached House
£4,000	10/24	0.04 mi	Praed Mews, Hyde Park, W2	2	Terraced House
£5,250	10/24	0.06 mi	Westmark Tower, West End Gate - P1904	2	Flat
£3,033	10/24	0.08 mi	-	2	Flat
£3,000	10/24	0.08 mi	-	2	Flat
£4,182	06/24	0.09 mi	Strathmore Court, NW8	2	Flat
£4,182	06/24	0.09 mi	Strathmore Court, NW8 7HY	2	Flat
£4,550	09/24	0.09 mi	Pelham Court, SW3	2	Flat
£2,297	10/24	0.09 mi	Norfolk Place, Paddington	2	Flat
£3,800	12/24	0.09 mi	-	2	Flat
£4,330	10/24	0.12 mi	-	2	Flat
£4,767	10/24	0.12 mi	-	2	Flat
£4,329	10/24	0.12 mi	-	2	Flat
£4,500	04/25	0.12 mi	-	2	Flat
£4,329	10/24	0.12 mi	Talbot Square, London, W2	2	Flat
£4,000	10/24	0.12 mi	-	2	Flat
£2,899	10/24	0.12 mi	Southwick Street, London, W2	2	Flat
£6,000	03/25	0.14 mi	-	2	Flat
£3,900	10/24	0.14 mi	-	2	Flat
£3,500	10/24	0.15 mi	Chelwood House, Gloucester Square, W2	2	Flat
£2,800	10/24	0.16 mi	Devonport, Southwick Street, W2	2	Flat
£3,250	10/24	0.16 mi	Southwick Street, Hyde Park	2	Flat
£3,450	11/24	0.16 mi	-	2	Flat
£3,500	10/24	0.17 mi	Devonport, 23 Southwick Street, W2	2	Flat
£3,445	10/24	0.17 mi	-	2	Flat
£3,878	10/24	0.17 mi	Bathurst Mews, London, Greater London, W2	2	Flat
£4,500	10/24	0.17 mi	Praed Street, London, W2	2	Flat
£4,333	10/24	0.17 mi	South Wharf Road Paddington W2	2	Flat
£4,203	10/24	0.18 mi	Merchant Square, Paddington, W2	2	Flat
£4,203	10/24	0.18 mi	Merchant Square, Paddington, W2	2	Flat
£4,500	10/24	0.18 mi	Merchant Square, London	2	Flat
£4,203	10/24	0.18 mi	-	2	Flat
£4,203	10/24	0.18 mi	Merchant Square, W2	2	Flat
£2,750	03/25	0.18 mi	-	2	Flat
£5,500	10/24	0.18 mi	-	2	Flat
£4,983	10/24	0.19 mi	3 Merchant Squar, London, W2	2	Flat
£7,262	10/24	0.19 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£6,534	10/24	0.19 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£6,422	10/24	0.19 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£6,773	10/24	0.19 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£3,878	10/24	0.19 mi	Bathurst Mews, London, W2	2	Flat
£3,857	10/24	0.2 mi	-	2	Flat
£4,203	10/24	0.2 mi	4B Merchant Square, London, W2,	2	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	3.03 miles away3.03 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.22 miles away0.22 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 £545,000

March 27, 2024

Floor Plans

Description

First Floor +
Two Bedroom +
Separate Kitchen +
Reception Room +
Bathroom +
528sqft (49sqm) +

Situated on the first floor (above commercial), the accommodation is formed of reception room, separate kitchen, two bedrooms & a family bathroom with high ceilings throughout. Further benefits are an un-demised roof terrace and excellent local links to national & international transport hubs.

Situation

Praed Street has undergone significant regeneration since 2000, and further investment has seen the recent opening of the CrossRail / Elizabeth line network, and will continue with the imminent opening of Paddington Square.

The neighbouring Paddington station offers underground services (Elizabeth Line, Circle, District, Bakerloo and Hammersmith and City), in addition to National Rail services and Heathrow Express, and further lines are accessible from Edgware Road, Marylebone and Marble Arch.

Agent Details

Hamptons, Hyde Park & Bayswater

020 3835 3923

Next Steps?

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

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2 Bed Terraced House, Single Let, London, W2 1RL, £545,000

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

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Local Sold Prices

Local Rents