2 Bed Flat, Single Let, London, SW1W 0AJ, £2,000,000

Buckingham Palace Road, Victoria, London, SW1W 0AJ - 9 months ago

Leasehold

BTL

~85 m²

+7 photos

ValuationOvervalued

Sold Prices	£475K - £4.3M
Sold Prices/m²	£6.7K/m² - £31.4K/m²

Square Metres	~85.30 m²
Price/m²	£23.4K/m²
Value Estimate	£1,103,245£1,103,245

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£500,000£500,000
Stamp Duty & Legal Fees	£212,450£212,450
Total Cash In	£712,450£712,450

Cash Out
Rent Range	£2,297 - £21,450£2,297 - £21,450
Rent Estimate	£2,600
Running Costs/mo	£6,790£6,790
Cashflow/mo	£-4,190£-4,190
Cashflow/yr	£-50,280£-50,280
Gross Yield	2%2%

Local Sold Prices

50 sold prices from £475K to £4.3M, average is £805K. £6.7K/m² to £31.4K/m², average is £12.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£645K	12/20	0.17 mi	Flat 24, Royal Belgrave House, Hugh Street, London, Greater London SW1V 1RR	-	-	2	Flat
£796.2K	03/21	0.21 mi	First Floor Flat, 9, Eccleston Square, London, Greater London SW1V 1NP	£18,095	44	2	Flat
£475K	02/23	0.28 mi	Flat 8, Semley House, Semley Place, London, Greater London SW1W 9QJ	-	-	2	Flat
£675K	02/23	0.29 mi	Flat 41, Semley House, Semley Place, London, Greater London SW1W 9QJ	-	-	2	Flat
£625K	01/24	0.29 mi	Semley House, Flat 43, Semley Place, London, Greater London SW1W 9QJ	£8,562	73	2	Flat
£560K	06/23	0.29 mi	Flat 37, Semley House, Semley Place, London, Greater London SW1W 9QJ	-	-	2	Flat
£2.4M	12/22	0.3 mi	Third And Fourth Floor Maisonette, 54, Eaton Place, London, Greater London SW1X 8AL	-	-	2	Flat
£800K	06/21	0.3 mi	Flat 12, Stafford Mansions, Stafford Place, London, Greater London SW1E 6NL	-	-	2	Flat
£800K	06/21	0.31 mi	Flat 12, Stafford Mansions, Stafford Place, London, Greater London SW1E 6NL	-	-	2	Flat
£1.3M	09/23	0.35 mi	7a, Warwick Square, London, Greater London SW1V 2AA	£13,064	98	2	Flat
£950K	06/21	0.36 mi	55a, Cambridge Street, London, Greater London SW1V 4PS	£8,962	106	2	Flat
£1.1M	10/20	0.37 mi	Flat G, 23, Warwick Square, London, Greater London SW1V 2AB	£10,942	105	2	Flat
£1.1M	06/21	0.38 mi	Second And Third Floor Flat, 73, Alderney Street, London, Greater London SW1V 4HH	-	-	2	Flat
£813.3K	09/23	0.38 mi	First Floor Flat, 73, Alderney Street, London, Greater London SW1V 4HH	£24,644	33	2	Flat
£4.3M	04/23	0.38 mi	Basement And Ground Floor Premises, 100, Eaton Place, London, Greater London SW1X 8LW	-	-	2	Flat
£830K	03/21	0.39 mi	55c, Greencoat Place, London, Greater London SW1P 1DS	£12,576	66	2	Flat
£750K	04/23	0.41 mi	64, Warwick Square, London, Greater London SW1V 2AL	-	-	2	Flat
£685K	06/21	0.43 mi	Flat 39, Joseph Conrad House, Tachbrook Street, London, Greater London SW1V 2NF	-	-	2	Flat
£590K	11/20	0.43 mi	Flat 60, Joseph Conrad House, Tachbrook Street, London, Greater London SW1V 2NG	-	-	2	Flat
£925K	04/21	0.43 mi	9a, Gloucester Street, London, Greater London SW1V 2DB	£13,214	70	2	Flat
£660K	06/23	0.43 mi	Basement Flat, 9, Cumberland Street, London, Greater London SW1V 4LS	-	-	2	Flat
£1.1M	02/21	0.44 mi	Flat 9, Venner House, Bourne Street, London, Greater London SW1W 8UR	-	-	2	Flat
£860K	04/21	0.46 mi	118a, Cambridge Street, London, Greater London SW1V 4QF	£12,647	68	2	Flat
£790K	05/21	0.46 mi	43a, Cumberland Street, London, Greater London SW1V 4LU	£12,804	62	2	Flat
£760K	09/23	0.46 mi	Ground Floor Flat, 110, Cambridge Street, London, Greater London SW1V 4QF	£17,273	44	2	Flat
£1.3M	04/23	0.46 mi	Second And Third Floor Maisonette, 110, Cambridge Street, London, Greater London SW1V 4QF	-	-	2	Flat
£540K	03/23	0.48 mi	Flat 34, Henry Wise House, Vauxhall Bridge Road, London, Greater London SW1V 2SU	-	-	2	Flat
£1.1M	06/21	0.49 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£810K	05/23	0.5 mi	Flat 9, Christchurch House, Caxton Street, London, Greater London SW1H 0PX	-	-	2	Flat
£800K	04/23	0.5 mi	Basement Flat, 61, Gloucester Street, London, Greater London SW1V 4DZ	£11,268	71	2	Flat
£1.1M	06/21	0.5 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£1.0M	03/21	0.5 mi	Flat 73, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£1.5M	09/21	0.5 mi	Flat 113, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HX	-	-	2	Flat
£713K	04/21	0.51 mi	Flat A, 16, Sutherland Street, London, Greater London SW1V 4LA	-	-	2	Flat
£640K	11/20	0.51 mi	Flat 40, Russell House, Cambridge Street, London, Greater London SW1V 4EQ	-	-	2	Flat
£1.3M	04/21	0.51 mi	69a, Gloucester Street, London, Greater London SW1V 4EA	£14,793	86	2	Flat
£728K	10/23	0.52 mi	Flat 2, Clarion House, Moreton Place, London, Greater London SW1V 2NN	-	-	2	Flat
£3.5M	03/21	0.52 mi	Ground Floor Flat, 42, Wilton Crescent, London, Greater London SW1X 8RX	£22,903	155	2	Flat
£830K	05/23	0.52 mi	Lower Ground Floor Flat, 88, Belgrave Road, London, Greater London SW1V 2BJ	£8,602	96	2	Flat
£570K	06/23	0.53 mi	Flat 2, Albany Court, Palmer Street, London, Greater London SW1H 0AA	-	-	2	Flat
£1.2M	03/21	0.54 mi	Flat 17a, Vincent House, Vincent Square, London, Greater London SW1P 2NB	-	-	2	Flat
£800K	11/20	0.55 mi	29a, Moreton Place, London, Greater London SW1V 2NL	£13,115	61	2	Flat
£1.4M	05/21	0.56 mi	Flat 14, Greville House, Kinnerton Street, London, Greater London SW1X 8EY	-	-	2	Flat
£1.6M	06/21	0.56 mi	Flat 20, Greville House, Kinnerton Street, London, Greater London SW1X 8EY	-	-	2	Flat
£1.2M	10/23	0.56 mi	Greville House, Flat 23, Kinnerton Street, London, Greater London SW1X 8EY	£14,464	84	2	Flat
£537.5K	02/21	0.57 mi	Ground Floor Flat, 174, Cambridge Street, London, Greater London SW1V 4QE	£10,539	51	2	Flat
£575K	10/20	0.57 mi	Flat 2, 180, Cambridge Street, London, Greater London SW1V 4QE	£6,686	86	2	Flat
£3.4M	07/23	0.57 mi	32a, Grosvenor Crescent Mews, London, Greater London SW1X 7EX	£31,368	108	2	Flat
£500K	02/21	0.58 mi	Flat 64, Gilbert House, Churchill Gardens, London, Greater London SW1V 3HW	-	-	2	Flat
£656K	05/21	0.59 mi	Flat 5, Wedderburn House, Lower Sloane Street, London, Greater London SW1W 8BZ	-	-	2	Flat

Local Rents

50 rents from £2.3K/mo to £21.4K/mo, average is £4.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,950	03/25	0.05 mi	-	2	Flat
£6,478	09/24	0.07 mi	Ebury Street, London, SW1W	2	Flat
£5,200	09/24	0.07 mi	Ebury Street, Belgravia, SW1W	2	Flat
£5,200	09/24	0.07 mi	Ebury Street London SW1W	2	Flat
£4,502	09/24	0.09 mi	Ebury Street, London, SW1W	2	Flat
£3,950	03/25	0.09 mi	-	2	Flat
£3,878	09/24	0.09 mi	Ebury Street, Belgravia, London, SW1W	2	Flat
£4,502	09/24	0.09 mi	Ebury Street, Belgravia, London, SW1W	2	Flat
£6,283	09/24	0.1 mi	Eccleston Street, Belgravia, London, SW1W	2	Flat
£8,017	09/24	0.13 mi	Lower Belgrave Street, Belgravia, SW1W	2	Flat
£6,283	09/24	0.13 mi	Nova, 79 Buckingham Palace Road, Westminster, London, SW1W	2	Flat
£6,717	09/24	0.13 mi	Flat C2.03, The Nova Building, 83 Buckingham Palace Road, Victoria, London, SW1W	2	Flat
£3,700	09/24	0.13 mi	-	2	Flat
£4,330	09/24	0.13 mi	-	2	Flat
£4,500	11/24	0.13 mi	-	2	Flat
£4,000	10/24	0.13 mi	-	2	Flat
£4,330	11/24	0.13 mi	-	2	Flat
£4,000	01/25	0.13 mi	-	2	Flat
£4,000	12/24	0.13 mi	-	2	Flat
£3,900	12/24	0.13 mi	-	2	Flat
£4,000	03/25	0.13 mi	-	2	Flat
£3,700	09/24	0.13 mi	Bridge Place, London, SW1V	2	Flat
£11,267	09/24	0.15 mi	Ebury Square, Belgravia, London, SW1W	2	Flat
£2,752	09/24	0.15 mi	The Hansom Building, 4 Bridge Place, Victoria	2	Flat
£6,283	09/24	0.15 mi	Buckingham Palace Road, London, SW1W	2	Flat
£6,825	09/24	0.15 mi	Grosvenor Gardens, Belgravia, London, SW1W	2	Flat
£3,900	01/25	0.16 mi	-	2	Flat
£4,550	09/24	0.16 mi	Ebury Street, London, SW1W	2	Flat
£5,200	09/24	0.17 mi	Royal Belgrave House, Hugh Street, SW1V	2	Flat
£2,340	03/25	0.17 mi	-	2	Flat
£6,000	09/24	0.17 mi	Nova Building, 75 Buckingham Palace Road, Victoria	2	Flat
£4,550	09/24	0.17 mi	Ebury Street, Belgravia, London, SW1W	2	Flat
£6,608	09/24	0.17 mi	Grosvenor Gardens, London	2	Flat
£4,680	09/24	0.17 mi	Royal Belgrave House, Hugh Street, Victoria, SW1V	2	Flat
£6,608	09/24	0.17 mi	Grosvenor Gardens, London, SW1W	2	Flat
£3,250	09/24	0.18 mi	Chester House, 17 Eccleston Place, London, SW1W	2	Flat
£6,825	09/24	0.18 mi	Grosvenor Gardens, Belgravia, London, SW1W	2	Flat
£2,899	09/24	0.18 mi	Central Tower, Victoria , London, SW1V	2	Flat
£2,999	09/24	0.18 mi	Royal Belgrave House, Hugh Street, London, SW1V	2	Flat
£3,000	09/24	0.18 mi	Royal Belgrave House, Hugh Street, SW1V	2	Flat
£2,817	09/24	0.18 mi	Royal Belgrave House, Hugh Street, SW1V	2	Flat
£6,283	09/24	0.19 mi	The Nova Building, 79 Buckingham Palace Road, Victoria, London, SW1W	2	Flat
£2,600	09/24	0.19 mi	Gillingham Street, Pimlico, London, SW1V	2	Flat
£2,817	09/24	0.19 mi	Hugh Street, Pimlico, London, SW1V	2	Flat
£2,817	09/24	0.2 mi	Gillingham Street, Pimlico, SW1V	2	Flat
£3,150	09/24	0.2 mi	Gillingham Street, Pimlico, SW1V	2	Flat
£4,290	03/25	0.21 mi	-	2	Flat
£2,297	09/24	0.22 mi	Vauxhall Bridge Road, Westminster, London, SW1V	2	Flat
£21,450	09/24	0.22 mi	Whistler Square, Chelsea Barracks, Belgravia, London, SW1W	2	Flat
£3,300	03/25	0.22 mi	-	2	Flat

Local Area Statistics

Population in SW1W	7,7767,776
Population in London	4,771,9214,771,921
Town centre distance	2.84 miles away2.84 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.09 miles away0.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-5%-5%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-23%-23%

Property History

Listed for £2,000,000

July 3, 2024

Floor Plans

Description

2 bedrooms +
1 reception room +
2 bathrooms +
Underground bike storage (accessible via lift) +
Residence Sky lounge on the ninth floor +
Seventh Floor +
Under ground parking for one car (accessible via lift) +
Communal Roof Garden +
Lift +
Modern +

This incredible two bedroom property located on the seventh floor (with lift) in the Nova development was completed in 2017. This development is well known and popular for its concierge, security prime location and residence facilities. The residents have access to a cinema, gym, business meeting room, on the ninth floor a residence sky lounge and a communal roof garden with views overlooking central London and Buckingham Palace, the flat has lift access directly to the secure underground car park where this flat has the right to park one car.

Welcome to this stunning seventh-floor apartment, offering a spacious and modern living space of approximately 85.3 square meters (948 square feet). The heart of the home is the expansive open-plan kitchen, reception, and dining room, measuring 5.78m x 5.30m (19'0" x 17'5"), The Principal bedroom is generously sized at and provides a tranquil retreat with ample natural light. The second bedroom, is perfect for guests, a home office, or a child's room. The apartment includes a modern bathroom with contemporary fixtures, ensuring a luxurious feel. Enjoy your morning coffee or unwind on the spacious balcony, which offers lovely views towards Belgravia and Buckingham Place Gardens. The entrance hall is welcoming and functional, with additional storage to keep your living space clutter-free. With a ceiling height of 2.59 meters, the apartment feels open and airy.
Additional information
We have been informed that the primary external wall materials of the building/block have been assessed for fire safety. The assessor concluded that the fire risk of the external wall materials is sufficiently low that no remedial works are required. If you have any further questions, you should seek independent professional advice

Additional Information
Mobile Coverage:
Please look at the Ofcom website for more information

The Nova Building is situated in the heart of Victoria and offers wonderful opportunities for fine dining, delicatessens and specialist food shops. A wealth of cultural attractions are nearby, including Tate Britain, Westminster Abbey and the Houses of Parliament. London's treasured Royal Parks, where you can skate, ride, run or relax and take in the historic landscape, are also just a short walk away. The building is also ideally located for commuters traveling to the capital's business and finance districts or Gatwick airport

Agent Details

Knight Frank, Belgravia, Westminster & Pimlico

020 3907 3590

Next Steps?

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

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Property History

Floor Plans

Description

Agent Details

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