2 Bed Flat, Cash/Bridging Only, London, W2 5HT, £475,000

Queensway, Bayswater, W2 5HT - 34 views - a year ago

Leasehold

Cash

~68 m²

+6 photos

ValuationFair Value

Sold Prices	£200K - £3.9M
Sold Prices/m²	£6.8K/m² - £27.6K/m²

Square Metres	~68.11 m²
Price/m²	£7K/m²
Value Estimate	£475,000£475,000

End Value (After Refurb)	£1,027,807£1,027,807
Uplift in Value	+116%+116%
You could potentially get back more cash than you put into this deal. All your cash out plus £218,872 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£26,700£26,700
Refurb Costs	£36,064£36,064
Bridging Loan Interest	£12,469£12,469
Total Cash In	£195,733£195,733

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£1,027,807£1,027,807
Agent Fees (1%)	£10,278£10,278
Bridging Loan	£356,250£356,250
Bridging Loan Interest	£12,469£12,469
Flip Profit	£465,546£465,546

Local Sold Prices

51 sold prices from £200K to £3.9M, average is £760K. £6.8K/m² to £27.6K/m², average is £11.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£455K	08/23	0.08 mi	Flat C, 9, Westbourne Grove Terrace, London, Greater London W2 5SD	£6,791	67	2	Flat
£1.2M	09/21	0.13 mi	27c, Westbourne Park Road, London, Greater London W2 5PX	-	-	2	Flat
£555K	05/23	0.14 mi	169d, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£1.1M	07/23	0.14 mi	169b, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£512K	11/21	0.16 mi	Flat 68, Exeter House, Hallfield Estate, London, Greater London W2 6EN	-	-	2	Flat
£1.1M	03/21	0.19 mi	Flat C, 35, Leinster Square, London, Greater London W2 4NQ	-	-	2	Flat
£550K	03/21	0.21 mi	Flat 11, Tenby House, Hallfield Estate, London, Greater London W2 6ED	£8,594	64	2	Flat
£775K	03/21	0.23 mi	66c, Hereford Road, London, Greater London W2 5AJ	-	-	2	Flat
£650K	09/23	0.24 mi	Third Floor Flat, 2, Leinster Square, London, Greater London W2 4PL	-	-	2	Flat
£1.1M	12/20	0.31 mi	133, Gloucester Terrace, London, Greater London W2 6DX	-	-	2	Flat
£750K	03/21	0.32 mi	39a, Queens Gardens, London, Greater London W2 3AA	£10,417	72	2	Flat
£200K	02/23	0.33 mi	Flat 132a, Queens Court, Queensway, London, Greater London W2 4QS	-	-	2	Flat
£770K	03/23	0.33 mi	Basement Flat, 98, Westbourne Terrace, London, Greater London W2 6QE	£7,333	105	2	Flat
£700K	01/21	0.35 mi	Flat 14a, Queens Court, Queensway, London, Greater London W2 4QN	-	-	2	Flat
£3.9M	04/21	0.35 mi	2, Artesian Road, London, Greater London W2 5AP	£27,566	141	2	Flat
£760K	04/24	0.37 mi	67, Flat C, Queens Gardens, London, Greater London W2 3AH	£13,818	55	2	Flat
£1.1M	06/23	0.39 mi	Flat 4, Saxon Hall, Palace Court, London, Greater London W2 4JA	-	-	2	Flat
£755K	06/21	0.41 mi	7a, Palace Court, London, Greater London W2 4LP	£8,032	94	2	Flat
£550K	09/23	0.42 mi	Basement Flat, 12a, Shrewsbury Road, London, Greater London W2 5PR	-	-	2	Flat
£632K	05/21	0.42 mi	Ground Floor Flat, 21, Moorhouse Road, London, Greater London W2 5DH	£12,898	49	2	Flat
£1.6M	06/21	0.43 mi	28a, Pembridge Villas, London, Greater London W11 3EL	£18,396	89	2	Flat
£877K	12/23	0.43 mi	71c, Westbourne Terrace, London, Greater London W2 3UY	£8,598	102	2	Flat
£2.9M	08/21	0.44 mi	First Floor Flat, 35, Blomfield Road, London, Greater London W9 2PF	£16,765	170	2	Flat
£2.2M	12/23	0.47 mi	84c, Ledbury Road, London, Greater London W11 2AH	£21,881	101	2	Flat
£845K	06/21	0.49 mi	Third Floor Flat, 28, Westbourne Terrace, London, Greater London W2 3UP	-	-	2	Flat
£875K	03/21	0.51 mi	Flat A, 41, Colville Terrace, London, Greater London W11 2BX	-	-	2	Flat
£555K	11/20	0.51 mi	Flat 1, Larch Court, Admiral Walk, London, Greater London W9 3UA	-	-	2	Flat
£1.2M	12/20	0.51 mi	14c, Westbourne Crescent, London, Greater London W2 3DB	-	-	2	Flat
£545K	07/21	0.52 mi	Flat 24, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£525K	09/23	0.52 mi	Flat 16, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£555K	09/21	0.52 mi	Flat 29, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£1.9M	07/21	0.53 mi	62a, Pembridge Villas, London, Greater London W11 3ET	£19,204	99	2	Flat
£545K	10/23	0.53 mi	22, Gloucester Terrace, London, Greater London W2 3DD	-	-	2	Flat
£910K	12/22	0.53 mi	79, Powis Square, London, Greater London W11 2BN	£15,167	60	2	Flat
£735K	09/23	0.54 mi	67, Powis Square, London, Greater London W11 2BN	£11,667	63	2	Flat
£510K	03/23	0.56 mi	132, Great Western Road, London, Greater London W11 1AF	£6,800	75	2	Flat
£540K	06/21	0.56 mi	Flat 37, Swallow Court, Admiral Walk, London, Greater London W9 3TX	-	-	2	Flat
£315K	07/23	0.57 mi	19a, Aldridge Road Villas, London, Greater London W11 1BN	£10,500	30	2	Flat
£315K	07/23	0.57 mi	19a, Aldridge Road Villas, London, Greater London W11 1BN	£10,500	30	2	Flat
£530K	08/23	0.57 mi	31, Mall Chambers, London, Greater London W8 4DZ	£11,778	45	2	Flat
£625K	10/23	0.57 mi	29, Mall Chambers, London, Greater London W8 4DZ	£24,539	25	2	Flat
£925K	11/23	0.57 mi	Lower Ground Floor Flat, 24, Leamington Road Villas, London, Greater London W11 1HS	-	-	2	Flat
£1.3M	02/21	0.57 mi	26a, Powis Terrace, London, Greater London W11 1JH	£11,682	110	2	Flat
£980K	03/24	0.62 mi	66a, Shirland Road, London, Greater London W9 2EH	-	-	2	Flat
£2.5M	02/21	0.63 mi	14, St Lukes Mews, London, Greater London W11 1DF	£26,836	93	2	Flat
£975K	03/21	0.63 mi	6b, Horbury Crescent, London, Greater London W11 3NF	-	-	2	Flat
£2.2M	09/23	0.65 mi	Basement Flat, 22, Warrington Crescent, London, Greater London W9 1EL	£18,542	120	2	Flat
£2.1M	09/23	0.65 mi	Ground Floor Flat, 22, Warrington Crescent, London, Greater London W9 1EL	-	-	2	Flat
£535K	06/21	0.66 mi	Ground Floor Flat, 85, Shirland Road, London, Greater London W9 2EL	£11,630	46	2	Flat
£1.0M	01/23	0.66 mi	Basement Flat, 44, Palace Gardens Terrace, London, Greater London W8 4RR	-	-	2	Flat
£685K	12/21	0.66 mi	13, Sussex Square, London, Greater London W2 2SL	£9,133	75	2	Flat

Local Rents

50 rents from £2K/mo to £5.6K/mo, average is £3.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,250	10/24	0.02 mi	Sarda House, Queensway, London, W2	2	Flat
£2,925	10/24	0.04 mi	Hatherley Grove, Hatherley Grove	2	Flat
£2,890	10/24	0.04 mi	-	2	Flat
£2,995	03/25	0.04 mi	-	2	Flat
£4,500	02/24	0.04 mi	-	2	Flat
£3,980	04/25	0.04 mi	-	2	Detached House
£2,492	10/24	0.04 mi	Hatherley Grove, Bayswater, W2	2	Terraced House
£2,800	10/24	0.05 mi	Hatherley Grove, London, W2	2	Flat
£2,492	10/24	0.05 mi	Hatherley Grove, Notting Hill, W2	2	Flat
£2,710	12/24	0.05 mi	-	2	Flat
£3,200	12/24	0.05 mi	-	2	Flat
£3,467	10/24	0.06 mi	Peters Court, Porchester Road, London, W2	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
£3,467	10/24	0.07 mi	Hatherley Court, Hatherley Grove, Westbourne Grove, London, W2	2	Flat
£2,900	10/24	0.07 mi	-	2	Flat
£2,002	04/25	0.08 mi	-	2	Flat
£2,492	10/24	0.08 mi	The Colonnades, 34 Porchester Square, W2	2	Flat
£4,333	10/24	0.09 mi	Inverness Terrace, London	2	Flat
£5,261	10/24	0.09 mi	Kensington Gardens Square, London, W2	2	Flat
£5,330	10/24	0.09 mi	Kensington Gardens Square, London, W2	2	Flat
£5,261	10/24	0.09 mi	Kensington Gardens Square, Bayswater, W2	2	Flat
£5,261	10/24	0.09 mi	Kensington Garden Square	2	Flat
£5,373	10/24	0.09 mi	Kensington Gardens Square, Westbourne Park, W2	2	Flat
£2,968	10/24	0.09 mi	Bishops Bridge Road, Paddington W2	2	Flat
£3,449	10/24	0.09 mi	Bishops Bridge Road, London, W2	2	Flat
£5,330	10/24	0.09 mi	Kensington Garden Square London W2	2	Flat
£5,261	10/24	0.09 mi	Kensington Gardens Square London W2	2	Flat
£5,261	10/24	0.09 mi	Kensington Garden Square London W2	2	Flat
£5,261	10/24	0.09 mi	Kensington Gardens Square, Bayswater, W2	2	Flat
£5,330	10/24	0.09 mi	Kensington Garden Square London W2	2	Flat
£2,550	03/25	0.09 mi	-	2	Flat
£2,550	03/25	0.09 mi	-	2	Flat
£4,000	04/25	0.09 mi	-	2	Flat
£2,500	10/24	0.09 mi	Westbourne Gardens, Bayswater, London, W2	2	Flat
£5,261	10/24	0.1 mi	Kensington Gardens Square, Notting Hill	2	Flat
£2,700	02/25	0.1 mi	-	2	Flat
£5,330	10/24	0.11 mi	Kensington Gardens Square, London, W2	2	Flat
£4,999	02/25	0.11 mi	-	2	Flat
£4,950	02/25	0.11 mi	-	2	Flat
£5,633	11/24	0.11 mi	-	2	Flat
£3,500	10/24	0.11 mi	-	2	Terraced House
£3,500	10/24	0.11 mi	Kensington Gardens Square, London, W2	2	Terraced House
£5,330	10/24	0.11 mi	Kensington Garden Square	2	Flat
£3,012	10/24	0.11 mi	Sunderland Terrace, Bayswater, Westminster, W2	2	Flat
£3,250	10/24	0.12 mi	-	2	Flat
£3,250	10/24	0.12 mi	Kensington Gardens Square, London, W2	2	Flat
£5,330	10/24	0.12 mi	Kensington Gardens Square Bayswater W2	2	Flat
£4,250	10/24	0.12 mi	Kensington Gardens Square London W2	2	Flat
£5,261	10/24	0.12 mi	Kensington Gardens 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	3.65 miles away3.65 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.20 miles away0.20 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 £475,000

April 30, 2024

Sold for £470,000

2010

Sold for £455,000

2008

Sold for £216,500

2000

Floor Plans

Description

Two Bedrooms +
Two Bathrooms +
Portered Building +
Lift in Building +
0.5 Miles from Paddington Station +
0.5 Miles from Hyde Park +

Property Description

Cash buyers. Two bedroom and two bathroom apartment in a portered mansion block. Located 0.5 miles from Paddington Station and Hyde Park. Located on the second floor with a lift.

Property Details

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Agent Details

Chancellors, Notting Hill

020 3871 3433

Next Steps?

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