2 Bed Flat, Refurb/BRRR, London, NW8 8TL, £450,000

Paveley Street, London, NW8 8TL - 6 views - 9 months ago

Leasehold
Refurb/BRRR
~76 m²
+12 photos

ValuationFair Value

Sold Prices£250K - £1.7M
Sold Prices/m²£7.9K/m² - £15.5K/m²

 

 

Square Metres

~76 m²
Price/m²£5.9K/m²

Value Estimate

£450,000

 

 

End Value (After Refurb)

£988,294

Uplift in Value

+120%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£40,164

Bridging Loan Interest

£11,813

Total Cash In

£190,926

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£988,294

Agent Fees (1%)

£9,883

Bridging Loan

£337,500

Bridging Loan Interest

£11,813

Flip Profit

£449,985

Local Sold Prices

51 sold prices from £250K to £1.7M, average is £761K. £7.9K/m² to £15.5K/m², average is £14.1K/m².

PriceDateDistanceAddressBeds 
£720K04/230.11 miFlat 20, Mordern House, Harewood Avenue, London, Greater London NW1 6NR2
£950K02/210.13 miFlat 118, Rossmore Court, Park Road, London, Greater London NW1 6XZ2
£638K03/230.13 miFlat 115, Rossmore Court, Park Road, London, Greater London NW1 6XZ2
£1.1M08/210.13 miFlat 66, Abbey Lodge, Park Road, London, Greater London NW8 7RL2
£550K09/230.15 miFlat 16, Farnham House, Harewood Avenue, London, Greater London NW1 6NT2
£680K08/210.17 miFlat 25, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU2
£467.5K10/230.17 miFlat 22, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU2
£507.5K03/210.18 miFirst Floor Flat, 59, Balcombe Street, London, Greater London NW1 6HD2
£360K08/230.2 mi3d, Gateforth Street, London, Greater London NW8 8EH2
£475K01/210.24 miFlat 12, Cotes House, Ashbridge Street, London, Greater London NW8 8DG2
£250K03/230.24 miFlat 10, Cotes House, Ashbridge Street, London, Greater London NW8 8DG2
£675K10/230.25 mi3, Linhope Street, London, Greater London NW1 6ES2
£660K12/200.26 miFlat 6, Cosway Mansions, Shroton Street, London, Greater London NW1 6UE2
£790K01/230.29 miFlat 106, Lords View, St Johns Wood Road, London, Greater London NW8 7HG2
£800K10/230.29 miFlat 98, Lords View, St Johns Wood Road, London, Greater London NW8 7HG2
£685K01/210.31 miFlat 189, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AR2
£1.7M06/230.35 miPenthouse G, St. Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT2
£835K01/240.35 miFlat 23, St Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT2
£1.2M01/230.37 miFlat 36, Chalfont Court, Baker Street, London, Greater London NW1 5RS2
£398K10/200.38 mi63a, Lisson Street, London, Greater London NW1 5DA2
£550K09/230.39 mi11c, Penfold Street, London, Greater London NW1 6RU2
£475K08/230.39 miFlat 20, Helsby Court, Pollitt Drive, London, Greater London NW8 8JQ2
£735K06/210.4 miFlat 66, Dorset House, Gloucester Place, London, Greater London NW1 5AE2
£725K06/210.42 miFlat 4a, Grove End House, Grove End Road, London, Greater London NW8 9HP2
£600K03/230.42 miFlat 7b, Grove End House, Grove End Road, London, Greater London NW8 9HL2
£990K09/220.45 miFirst And Second Floor Flat, 2, Harcourt Street, London, Greater London W1H 4EX2
£905K09/210.45 mi25a, Harcourt Street, London, Greater London W1H 4HN2
£1.0M08/210.47 miFlat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£980K09/210.47 miFlat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£1.4M09/230.48 miFlat B, 30, Upper Montagu Street, London, Greater London W1H 1RP2
£1.4M09/230.48 miFlat B, 30, Upper Montagu Street, London, Greater London W1H 1RP2
£775K08/230.5 miFlat 16, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU2
£810K09/230.5 miFlat 13, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU2
£868K03/210.5 miFlat 17, Clifton Court, Northwick Terrace, London, Greater London NW8 8HS2
£610K03/230.51 miSecond Floor Flat, 14, Crawford Street, London, Greater London W1H 1BP2
£1.2M06/210.51 miFlat 29, Clifton Court, Northwick Terrace, London, Greater London NW8 8HT2
£1.1M06/210.51 miFlat 77, Clarewood Court, Crawford Street, London, Greater London W1H 2NW2
£780K02/230.51 miFlat 40, Clarewood Court, Seymour Place, London, Greater London W1H 2NL2
£850K06/220.51 mi9, Montagu Mansions, London, Greater London W1U 6LB2
£840K10/200.52 miFlat 409, Addison House, Grove End Road, London, Greater London NW8 9EL2
£650K10/200.53 miFlat 31, Charlbert Court, Charlbert Street, London, Greater London NW8 7BX2
£645K10/230.53 miFlat 20, York Mansions, Chiltern Street, London, Greater London W1U 5AL2
£761K06/230.53 miFlat 17, Circus Lodge, Circus Road, London, Greater London NW8 9JL2
£1.2M01/210.54 mi15, Montagu Mews North, London, Greater London W1H 2JR2
£520K02/210.55 miFlat 14, Princess Court, Bryanston Place, London, Greater London W1H 2DF2
£850K10/230.56 miFlat B, 12, Montagu Row, London, Greater London W1U 6ED2
£635K04/230.56 miFlat 99, Charlbert Court, Eamont Street, London, Greater London NW8 7DA2
£635K05/230.56 miFlat 111, Charlbert Court, Eamont Street, London, Greater London NW8 7DA2
£975K06/210.56 miFlat 12, Sherwood Court, Seymour Place, London, Greater London W1H 5TH2
£970K06/230.56 miFlat 7, Sherwood Court, Seymour Place, London, Greater London W1H 5TH2
£720K11/200.57 miFlat 9, Fettes House, Wellington Road, London, Greater London NW8 9SU2

Local Rents

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

RentDateDistanceAddressBeds 
£3,90006/240.03 miPalgrave Gardens, Baker Street, London, NW12
£3,94306/240.04 miPalgrave Gardens, Marylebone, London, NW12
£3,50006/240.04 miPalgrave Gardens Marylebone NW12
£3,46706/240.06 miPark Road, Regent's Park, London, NW12
£4,00007/240.06 miPark Road, St. Johns Wood, NW82
£3,30008/240.06 miLorne Close, London, NW82
£4,09901/250.07 mi-2
£3,68306/240.07 miPalgrave Gardens, London2
£3,30006/240.07 mi-2
£3,00012/240.07 mi-2
£3,50012/240.07 mi-2
£3,24506/240.08 miPalgrave Gardens, London, NW12
£3,50006/240.08 miAlberts Court, Palgrave Gardens, London, NW12
£3,50006/240.08 miAlberts Court, Palgrave Gardens, London, NW12
£3,05103/250.08 mi-2
£3,68306/240.08 miHanover Gate Mansions, Park Road, Regents Park2
£2,95008/240.08 miMonroe House, 7 Lorne Close, NW82
£3,46706/240.09 miPalgrave Gardens, Marylebone, London, NW12
£4,44206/240.09 miPalgrave Gardens, Marylebone, London, NW12
£3,14206/240.1 miElizabeth Court, Palgrave Gardens, Regent's Park, NW12
£4,98307/240.1 miCrown Court, St John's Wood, NW82
£4,11706/240.1 miRegents Park House, Park Road, NW82
£4,11706/240.1 miRegents Park House, Park Road, NW82
£4,33312/240.12 mi-2
£3,46706/240.12 miPalgrave Gardens, London2
£3,25006/240.12 miAlberts Court, 2 Palgrave Gardens, NW12
£4,00006/240.12 miPalgrave Gardens, Marylebone, NW12
£3,90006/240.13 miCrown Court, Park Road, London, NW82
£3,99507/240.13 miCrown Court, Park Road, London, NW82
£6,28306/240.13 miThe Atrium, Park Road, St Johns Wood, NW82
£4,18206/240.13 miStrathmore Court, Park Road, Regents Park, NW82
£2,99906/240.14 miBalcombe Street, Marylebone NW12
£2,08006/240.14 miBalcombe Street, Marylebone NW12
£3,00006/240.14 miBrunswick House, 94-96 Balcombe Street, NW12
£2,55012/240.14 mi-2
£3,50207/240.14 miPark Road, St John's Wood, London, NW82
£2,20003/250.15 mi-2
£3,60002/240.15 mi-2
£2,27506/240.15 miHarewood Avenue, Regents Park / Marylebone NW12
£2,81706/240.15 miHarewood Avenue Marylebone NW12
£2,65012/240.15 miBalcombe Street, London, NW12
£4,00006/240.15 miPark Road London NW82
£3,50007/240.15 miPark Road London NW82
£3,03302/250.15 mi-2
£3,50107/240.15 miPark Road, Regents Park, London, NW82
£2,85003/250.15 mi-2
£3,83508/240.16 miPark Road, St John's Wood, London, NW82
£3,14206/240.16 miBroadley Terrace, London, NW12
£3,50012/240.16 mi-2
£3,45012/240.16 mi-2

Local Area Statistics

Population in NW8

33,802

Population in London

4,771,921

Town centre distance

2.58 miles away

Nearest school

0.10 miles away

Nearest train station

0.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-22%

Sales demand

Buyer's market

Capital growth (5yrs)

-13%

Property History

Price changed to £450,000

January 27, 2025

Listed for £475,000

July 15, 2024

Floor Plans

Description

  • Ground floor flat +
  • Two bedrooms +
  • Two reception rooms +
  • No Chain +
  • Private outside courtyard garden +
  • Requiring modernisation and improvement +
  • Short walk to Marylebone underground +
  • Close to Regent Park +
  • Access to further communal garden to rear +
  • Leasehold - 88 years remaining +

No chain. Great opportunity to acquire a two-bedroom ground floor flat with its own private courtyard garden and two reception rooms

Private entrance door leads to lobby with w.c. off, and kitchen. Stairs lead to bathroom/w.c., two bedrooms, good size living room with further room/study off. Private courtyard garden giving access to communal garden beyond.

The property lies close to Regents Park and between St John and St Elizabeth Hospital and Regents University London. Only a short walk to Marylebone underground. It also enjoys easy access to numerous bars, cafes and restaurants along with lively markets and shops.

A superb modernisation and improvement project to provide a good size home for the working from home professional, couples, families or students alike.

Agent Details

Wilkinson & Fox, London

020 3840 3561

Next Steps?

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