3 Bed Flat, Single Let, London, SW1P 2HP, £950,000

Victoria Chambers, 16-18 Strutton Ground, London, SW1P 2HPP - 1 views - a year ago

Leasehold

BTL

ROI: 1%

~109 m²

+3 photos

ValuationUndervalued

Sold Prices	£475K - £17.0M
Sold Prices/m²	£8.5K/m² - £34.5K/m²

Square Metres	~109 m²
Price/m²	£8.7K/m²
Value Estimate	£1,140,000£1,140,000
BMV	20%

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	£3,795 - £45,002£3,795 - £45,002
Rent Estimate	£4,117
Running Costs/mo	£3,812£3,812
Cashflow/mo	£305£305
Cashflow/yr	£3,658£3,658
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £475K to £17.0M, average is £952.3K. £8.5K/m² to £34.5K/m², average is £14.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.1M	09/23	0.14 mi	Flat 2, Octavia House, Medway Street, London, Greater London SW1P 2TA	-	-	3	Flat
£1.4M	10/23	0.22 mi	Flat 32, Westminster Mansions, Great Smith Street, London, Greater London SW1P 3BP	-	-	3	Flat
£525K	08/23	0.24 mi	Flat 4, Edric House, Page Street, London, Greater London SW1P 4ER	-	-	3	Flat
£610K	12/22	0.27 mi	Flat 18, Bennett House, Page Street, London, Greater London SW1P 4ET	£8,472	72	3	Flat
£600K	01/23	0.28 mi	Flat 60, Tothill House, Page Street, London, Greater London SW1P 4DH	-	-	3	Flat
£972.5K	10/23	0.31 mi	Flat 11, Vincent Square Mansions, Walcott Street, London, Greater London SW1P 2NT	-	-	3	Flat
£1.7M	01/23	0.32 mi	Flat 8, Carlisle Mansions, Carlisle Place, London, Greater London SW1P 1HX	-	-	3	Flat
£2.2M	09/20	0.33 mi	Flat 80, Carlisle Mansions, Carlisle Place, London, Greater London SW1P 1HZ	-	-	3	Flat
£2.5M	04/21	0.33 mi	Flat 71, Carlisle Mansions, Carlisle Place, London, Greater London SW1P 1HZ	-	-	3	Flat
£1.1M	06/21	0.34 mi	Flat 2, Evelyn Mansions, Carlisle Place, London, Greater London SW1P 1NH	-	-	3	Flat
£1.7M	10/23	0.35 mi	Flat 62, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	3	Flat
£1.3M	11/23	0.36 mi	Flat 65, Westminster Gardens, Marsham Street, London, Greater London SW1P 4JG	-	-	3	Flat
£1.5M	09/23	0.36 mi	Flat 11, St Augustines Mansions, Bloomburg Street, London, Greater London SW1V 2RG	-	-	3	Flat
£772.5K	10/21	0.37 mi	Flat 1, Reynolds House, Erasmus Street, London, Greater London SW1P 4HP	-	-	3	Flat
£1.0M	03/21	0.39 mi	Flat 15, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	3	Flat
£990K	09/23	0.39 mi	Flat 8, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	3	Flat
£975K	10/23	0.41 mi	Flat 16, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£1.0M	08/23	0.41 mi	Flat 17, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£900K	01/23	0.41 mi	Flat 12, Rosscourt Mansions, Buckingham Palace Road, London, Greater London SW1W 0PR	-	-	3	Flat
£932K	05/23	0.42 mi	Flat 48, Ruskin House, Erasmus Street, London, Greater London SW1P 4HU	-	-	3	Flat
£880K	03/23	0.42 mi	Flat 7, Millais House, Marsham Street, London, Greater London SW1P 4JN	-	-	3	Flat
£799K	12/22	0.43 mi	Flat 8, Repton House, Charlwood Street, London, Greater London SW1V 2LD	-	-	3	Flat
£750K	03/21	0.44 mi	Flat 12, Repton House, Charlwood Street, London, Greater London SW1V 2LD	-	-	3	Flat
£870K	09/21	0.45 mi	Flat 39, Turner House, Erasmus Street, London, Greater London SW1P 4DZ	-	-	3	Flat
£1.4M	12/20	0.46 mi	28, Victoria Square, London, Greater London SW1W 0RB	£13,374	103	3	Flat
£885K	01/21	0.47 mi	Flat 3, Forsyth House, Tachbrook Street, London, Greater London SW1V 2LE	-	-	3	Flat
£765K	04/21	0.47 mi	Flat 15, Leighton House, John Islip Street, London, Greater London SW1P 4EA	-	-	3	Flat
£759.4K	04/23	0.47 mi	Flat 17, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	3	Flat
£1.4M	05/23	0.51 mi	Flat K, 59, Warwick Square, London, Greater London SW1V 2AL	£18,133	75	3	Flat
£1.1M	06/21	0.52 mi	70a, Warwick Way, London, Greater London SW1V 1RZ	£10,062	113	3	Flat
£1.1M	02/21	0.52 mi	Flat D, 9, Warwick Square, London, Greater London SW1V 2AA	£14,658	73	3	Flat
£7.7M	09/23	0.58 mi	1, Russell Court, London, Greater London SW1A 1DA	£34,459	222	3	Flat
£17.0M	12/22	0.6 mi	Penthouse Flat, 68, Pall Mall, London, Greater London SW1Y 5ES	-	-	3	Flat
£1.1M	06/21	0.65 mi	15a, St Georges Drive, London, Greater London SW1V 4DJ	£9,813	107	3	Flat
£1.2M	04/21	0.7 mi	First & Second Floor Maisonette, 97, Winchester Street, London, Greater London SW1V 4NX	-	-	3	Flat
£570K	11/23	0.7 mi	Flat 31, De Quincey House, Lupus Street, London, Greater London SW1V 3ER	-	-	3	Flat
£615K	08/23	0.7 mi	Flat 27, De Quincey House, Lupus Street, London, Greater London SW1V 3ER	-	-	3	Flat
£690K	07/23	0.72 mi	Flat 6, Campbell House, Churchill Gardens, London, Greater London SW1V 3HS	-	-	3	Flat
£570K	12/20	0.72 mi	Flat 14, Campbell House, Churchill Gardens, London, Greater London SW1V 3HS	-	-	3	Flat
£2.3M	06/23	0.74 mi	26, Eccleston Mews, London, Greater London SW1X 8AG	-	-	3	Flat
£725K	10/20	0.75 mi	Flat 5, 62 - 64, Cumberland Street, London, Greater London SW1V 4LZ	£13,486	54	3	Flat
£860K	02/23	0.76 mi	Apartment 616, West Block, Forum Magnum Square, London, Greater London SE1 7GL	-	-	3	Flat
£600K	03/23	0.76 mi	Flat 8, Evesham House, Abbots Manor, London, Greater London SW1V 4JS	-	-	3	Flat
£2.8M	02/24	0.78 mi	138, Ebury Street, London, Greater London SW1W 9QQ	£21,351	129	3	Flat
£595K	02/23	0.78 mi	Flat 62, Nash House, Lupus Street, London, Greater London SW1V 3HQ	-	-	3	Flat
£550K	10/20	0.8 mi	Flat 59, Keats House, Churchill Gardens, London, Greater London SW1V 3HZ	-	-	3	Flat
£550K	10/20	0.8 mi	Flat 59, Keats House, Churchill Gardens, London, Greater London SW1V 3HZ	-	-	3	Flat
£570K	06/21	0.81 mi	Flat 62, Nash House, Lupus Street, London, Greater London SW1V 3HQ	-	-	3	Flat
£475K	07/23	0.85 mi	Flat 20, Ferrybridge House, Lambeth Road, London, Greater London SE11 6NB	-	-	3	Flat
£3.0M	01/23	0.86 mi	8a, Lowndes Place, London, Greater London SW1X 8DD	£21,533	137	3	Flat

Local Rents

50 rents from £3.8K/mo to £45K/mo, average is £5.9K/mo.

Rent	Date	Distance	Address	Beds	Type
£6,500	09/24	0.03 mi	Victoria Street, London, SW1H	3	Flat
£3,878	09/24	0.03 mi	Victoria Street, Westminster, SW1H	3	Flat
£5,995	09/24	0.03 mi	Artillery Mansions, 75 Victoria Street, London, SW1H	3	Flat
£6,500	09/24	0.04 mi	75 Victoria Street, Victoria, Victoria, SW1H	3	Flat
£12,350	09/24	0.06 mi	Victoria Street, St James's Park, Westminster, London, SW1H	3	Flat
£10,000	09/24	0.06 mi	Apartment 703, Victoria Street, London	3	Flat
£5,633	09/24	0.08 mi	8 Artillery Row, London, SW1P	3	Flat
£8,395	09/24	0.08 mi	Ashley House, Westminster Quarter, SW1P	3	Flat
£8,883	09/24	0.1 mi	Buckingham Gate Westminster SW1E	3	Flat
£45,002	09/24	0.14 mi	Broadway, Central London, Westminster, SW1H	3	Flat
£6,500	09/24	0.14 mi	Ashley House, Westminster, SW1P	3	Flat
£6,000	09/24	0.14 mi	Ashley House, 3 Monck Street, SW1P	3	Flat
£7,995	09/24	0.14 mi	Monck Street, London, SW1P	3	Flat
£8,000	09/24	0.14 mi	Monck Street London SW1P	3	Flat
£4,000	10/24	0.16 mi	-	3	Flat
£5,700	09/24	0.16 mi	-	3	Flat
£5,179	09/24	0.17 mi	Cavendish House, 31 Monck Street, Westminster, London, SW1P	3	Flat
£5,299	01/25	0.17 mi	-	3	Flat
£10,000	10/24	0.17 mi	Campden Hill Gate, Kensington, W8	3	Flat
£5,850	09/24	0.17 mi	Ashley House, Monck Street, Westminster, London, SW1P	3	Flat
£5,135	09/24	0.17 mi	Monck Street London SW1P	3	Flat
£7,583	09/24	0.18 mi	Maunsel Street, Westminster, SW1P	3	Terraced House
£4,117	09/24	0.19 mi	Westminster, SW1	3	Flat
£4,494	09/24	0.2 mi	Greencoat Place, Westminster	3	Flat
£4,485	09/24	0.2 mi	Greencoat Place, Westminster	3	Flat
£5,308	09/24	0.2 mi	Ashley Gardens, Emery Hill Street, Westminster, London, SW1P	3	Flat
£8,000	09/24	0.2 mi	Ashley House, 3 Monck Street, SW1P	3	Flat
£12,848	09/24	0.2 mi	Ashley Gardens, Westminster	3	Flat
£12,848	09/24	0.2 mi	Ashley Gardens, Ambrosden Avenue, London, SW1P	3	Flat
£4,117	09/24	0.21 mi	Monck Street, Westminster, London, SW1P 2AJ	3	Flat
£4,671	09/24	0.22 mi	Greencoat Place, London, SW1P	3	Flat
£4,485	09/24	0.22 mi	Greencoat Place, Westminster, SW1P	3	Flat
£4,485	09/24	0.22 mi	Greencoat Place London SW1P	3	Flat
£6,000	09/24	0.22 mi	Ashburnham Mews Westminster SW1P	3	Flat
£12,848	09/24	0.23 mi	Ashley Gardens, Ambrosden Avenue, Westminster, London, SW1P	3	Flat
£12,848	09/24	0.23 mi	Ashley Gardens, Ambrosden Avenue, London, SW1P	3	Flat
£12,848	09/24	0.23 mi	Ashley Gardens, Ambrosden Avenue, SW1P	3	Terraced House
£8,667	09/24	0.23 mi	Westminster Mansions, Great Smith Street, SW1P	3	Flat
£8,667	09/24	0.23 mi	Westminster Mansions, Great Smith Street, London	3	Flat
£4,485	09/24	0.23 mi	Greencoat Place, Westminster, London, SW1P	3	Flat
£4,300	03/25	0.23 mi	-	3	Flat
£7,300	09/24	0.25 mi	9 Millbank, London	3	Flat
£5,633	09/24	0.25 mi	Great Peter Street, Westminster	3	Flat
£3,795	09/24	0.25 mi	Fynes Street, London, SW1P	3	Flat
£4,750	09/24	0.25 mi	Wilfred Street, London	3	Flat
£4,225	09/24	0.27 mi	Matthew Parker Street, Westminster, London, SW1H	3	Flat
£7,000	03/25	0.27 mi	-	3	Flat
£4,225	09/24	0.28 mi	Matthew Parker Street London SW1H	3	Flat
£4,767	09/24	0.28 mi	Central Building, 3 Matthew Parker Street, Westminster, London, SW1H	3	Flat
£4,225	09/24	0.29 mi	Brunswick House, 2 Matthew Parker Street, SW1H	3	Flat

Local Area Statistics

Population in SW1	52,47852,478
Town centre distance	2.46 miles away2.46 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.15 miles away0.15 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+47%+47%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-15%-15%

Property History

Listed for £950,000

May 1, 2024

Floor Plans

Description

3 Bedrooms - 2 Bathrooms +
4th Floor (with lift) - 1173 Sq Ft +
Central Location +
Lease hold - Approx 986 Years remaining +
Reception Room +
Separate Kitchen +
Built in storage +

A beautifully presented three-bedroom apartment located on the 4th floor (with lift) of this purpose-built block, Victoria Chambers. Boasting a gross internal area of 1173 square feet and comprising master bedroom with ensuite, two further double bedrooms both with built in storage, principal bathroom, generous size reception room and separate fully fitted kitchen. Ideally located for the amenities of Victoria Street and Strutton Ground and the transport links of St James's Park Underground (Circle & District lines), Westminster Underground (Jubilee) and Victoria Station (Gatwick Express). The green open spaces of St James's Park and Green Park are also within easy reach. Property Information Tenure - Leasehold (Aprox 986 Years remaining) Service Charge - £8,334 per annum (Including a contribution to a sinking fund) Ground rent - Peppercorn Council tax - Westminster Band G

Agent Details

Andrew Reeves, Westminster & Pimlico

020 3856 3530

Next Steps?

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