2 Bed Flat, Single Let, London, W2 1HG, £600,000

Montgomery House, Paddington, London, W2 1HG - 5 views - 7 months ago

Leasehold

BTL

ROI: 5%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£250K - £2.9M
Sold Prices/m²	£2.9K/m² - £18.5K/m²

Square Metres	~68.11 m²
Price/m²	£8.8K/m²
Value Estimate	£749,798£749,798
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£150,000£150,000
Stamp Duty & Legal Fees	£36,700£36,700
Total Cash In	£186,700£186,700

Cash Out
Rent Range	£2,681 - £7,262£2,681 - £7,262
Rent Estimate	£3,344
Running Costs/mo	£2,564£2,564
Cashflow/mo	£780£780
Cashflow/yr	£9,362£9,362
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

50 sold prices from £250K to £2.9M, average is £795K. £2.9K/m² to £18.5K/m², average is £11K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£780K	01/21	0.25 mi	4a, Norfolk Place, London, Greater London W2 1QN	£10,986	71	2	Flat
£877K	12/23	0.27 mi	71c, Westbourne Terrace, London, Greater London W2 3UY	£8,598	102	2	Flat
£770K	03/23	0.3 mi	Basement Flat, 98, Westbourne Terrace, London, Greater London W2 6QE	£7,333	105	2	Flat
£550K	09/23	0.3 mi	11c, Penfold Street, London, Greater London NW1 6RU	-	-	2	Flat
£650K	01/21	0.32 mi	30, Radnor Mews, London, Greater London W2 2SA	-	-	2	Flat
£825K	10/21	0.33 mi	61, The Quadrangle, London, Greater London W2 2RR	£8,777	94	2	Flat
£1.1M	12/20	0.34 mi	133, Gloucester Terrace, London, Greater London W2 6DX	-	-	2	Flat
£398K	10/20	0.35 mi	63a, Lisson Street, London, Greater London NW1 5DA	£11,031	36	2	Flat
£707K	03/21	0.35 mi	Ground Floor Flat, 8, Sussex Place, London, Greater London W2 2TP	£2,948	240	2	Flat
£845K	06/21	0.36 mi	Third Floor Flat, 28, Westbourne Terrace, London, Greater London W2 3UP	-	-	2	Flat
£2.9M	08/21	0.37 mi	First Floor Flat, 35, Blomfield Road, London, Greater London W9 2PF	£16,765	170	2	Flat
£1.2M	12/20	0.38 mi	14c, Westbourne Crescent, London, Greater London W2 3DB	-	-	2	Flat
£685K	12/21	0.39 mi	13, Sussex Square, London, Greater London W2 2SL	£9,133	75	2	Flat
£900K	07/21	0.39 mi	55, Sussex Square, London, Greater London W2 2SR	£11,842	76	2	Flat
£575K	06/21	0.4 mi	Flat 157, Park West, Edgware Road, London, Greater London W2 2QP	-	-	2	Flat
£550K	03/21	0.4 mi	Flat 11, Tenby House, Hallfield Estate, London, Greater London W2 6ED	£8,594	64	2	Flat
£1.5M	07/21	0.41 mi	Upper Maisonette, 8, Clarendon Gardens, London, Greater London W9 1AY	-	-	2	Flat
£545K	10/23	0.41 mi	22, Gloucester Terrace, London, Greater London W2 3DD	-	-	2	Flat
£760K	04/24	0.42 mi	67, Flat C, Queens Gardens, London, Greater London W2 3AH	£13,818	55	2	Flat
£512K	11/21	0.43 mi	Flat 68, Exeter House, Hallfield Estate, London, Greater London W2 6EN	-	-	2	Flat
£475K	01/21	0.43 mi	Flat 12, Cotes House, Ashbridge Street, London, Greater London NW8 8DG	-	-	2	Flat
£250K	03/23	0.43 mi	Flat 10, Cotes House, Ashbridge Street, London, Greater London NW8 8DG	-	-	2	Flat
£980K	09/21	0.43 mi	Flat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£1.0M	08/21	0.43 mi	Flat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£1.2M	06/21	0.45 mi	Flat 29, Clifton Court, Northwick Terrace, London, Greater London NW8 8HT	-	-	2	Flat
£1.1M	07/23	0.46 mi	169b, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£555K	05/23	0.46 mi	169d, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£360K	08/23	0.47 mi	3d, Gateforth Street, London, Greater London NW8 8EH	-	-	2	Flat
£810K	09/23	0.47 mi	Flat 13, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£775K	08/23	0.47 mi	Flat 16, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£660K	12/20	0.47 mi	Flat 6, Cosway Mansions, Shroton Street, London, Greater London NW1 6UE	-	-	2	Flat
£905K	09/21	0.48 mi	25a, Harcourt Street, London, Greater London W1H 4HN	£14,141	64	2	Flat
£868K	03/21	0.49 mi	Flat 17, Clifton Court, Northwick Terrace, London, Greater London NW8 8HS	-	-	2	Flat
£990K	09/22	0.5 mi	First And Second Floor Flat, 2, Harcourt Street, London, Greater London W1H 4EX	-	-	2	Flat
£750K	03/21	0.5 mi	39a, Queens Gardens, London, Greater London W2 3AA	£10,417	72	2	Flat
£675K	04/23	0.51 mi	Flat 135, Park West, Edgware Road, London, Greater London W2 2QP	-	-	2	Flat
£475K	08/23	0.52 mi	Flat 20, Helsby Court, Pollitt Drive, London, Greater London NW8 8JQ	-	-	2	Flat
£1.7M	03/23	0.52 mi	47e, Randolph Avenue, London, Greater London W9 1BQ	-	-	2	Flat
£625K	03/21	0.53 mi	50b, Randolph Avenue, London, Greater London W9 1BE	-	-	2	Flat
£1.5M	06/24	0.53 mi	21b, Randolph Crescent, London, Greater London W9 1DP	£15,361	97	2	Flat
£1.1M	12/20	0.53 mi	Ground Floor Flat, 49 - 50, Kendal Street, London, Greater London W2 2BP	£11,538	91	2	Flat
£970K	06/23	0.56 mi	Flat 7, Sherwood Court, Seymour Place, London, Greater London W1H 5TH	-	-	2	Flat
£975K	06/21	0.56 mi	Flat 12, Sherwood Court, Seymour Place, London, Greater London W1H 5TH	-	-	2	Flat
£750K	11/22	0.57 mi	Flat 1, Harrowby Court, Harrowby Street, London, Greater London W1H 5FA	-	-	2	Flat
£2.2M	09/23	0.57 mi	Basement Flat, 22, Warrington Crescent, London, Greater London W9 1EL	£18,542	120	2	Flat
£2.1M	09/23	0.57 mi	Ground Floor Flat, 22, Warrington Crescent, London, Greater London W9 1EL	-	-	2	Flat
£780K	02/23	0.57 mi	Flat 40, Clarewood Court, Seymour Place, London, Greater London W1H 2NL	-	-	2	Flat
£1.1M	06/21	0.57 mi	Flat 77, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	2	Flat
£520K	02/21	0.58 mi	Flat 14, Princess Court, Bryanston Place, London, Greater London W1H 2DF	-	-	2	Flat
£1.7M	06/23	0.59 mi	Penthouse G, St. Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT	-	-	2	Flat

Local Rents

50 rents from £2.7K/mo to £7.3K/mo, average is £4.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,857	10/24	0.01 mi	-	2	Flat
£3,400	01/25	0.03 mi	-	2	Flat
£3,467	10/24	0.04 mi	Marshall Building, Paddington, London, W2	2	Flat
£3,467	10/24	0.04 mi	Hermitage Street, Paddington	2	Flat
£4,983	10/24	0.05 mi	3 Merchant Squar, London, W2	2	Flat
£2,681	10/24	0.05 mi	North Wharf Road, London, W2	2	Flat
£3,150	10/24	0.05 mi	-	2	Flat
£4,550	10/24	0.06 mi	Betula House Paddington W2	2	Flat
£4,550	10/24	0.06 mi	North Wharf Road Paddington W2	2	Flat
£4,745	10/24	0.06 mi	Betula House Paddington W2	2	Flat
£4,550	10/24	0.06 mi	Betula House Paddington W2	2	Flat
£5,500	10/24	0.06 mi	-	2	Flat
£4,500	10/24	0.07 mi	3 Canalside Walk, London	2	Flat
£4,500	04/25	0.07 mi	-	2	Flat
£4,250	10/24	0.07 mi	Canalside Walk, Paddington, W2	2	Flat
£4,745	10/24	0.08 mi	Dahlia House Paddington W2	2	Flat
£7,262	10/24	0.09 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£6,534	10/24	0.09 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£6,422	10/24	0.09 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£6,773	10/24	0.09 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£4,203	10/24	0.12 mi	-	2	Flat
£4,203	10/24	0.12 mi	Merchant Square, W2	2	Flat
£4,203	10/24	0.12 mi	Merchant Square, Paddington, W2	2	Flat
£4,203	10/24	0.12 mi	Merchant Square, Paddington, W2	2	Flat
£4,500	10/24	0.12 mi	Merchant Square, London	2	Flat
£4,203	10/24	0.13 mi	4B Merchant Square, London, W2,	2	Flat
£3,500	10/24	0.14 mi	Sheldon Square, Paddington, W2	2	Flat
£3,337	10/24	0.15 mi	Sheldon Square, Paddington Central, Paddington	2	Flat
£3,250	10/24	0.15 mi	Sheldon Square, London, W2	2	Flat
£5,450	02/24	0.15 mi	-	2	Flat
£3,490	10/24	0.15 mi	-	2	Flat
£3,390	03/25	0.15 mi	-	2	Flat
£2,990	10/24	0.15 mi	Sheldon Square, London, W2,	2	Flat
£3,445	10/24	0.15 mi	Sheldon Square, Paddington	2	Flat
£3,497	10/24	0.16 mi	Sheldon Square, Paddington, W2	2	Flat
£5,000	01/25	0.17 mi	-	2	Flat
£4,983	10/24	0.17 mi	Asquith House, 1 Segrave Walk, London, London, W2	2	Flat
£4,983	10/24	0.17 mi	3 Merchant Square Paddington W2	2	Flat
£3,900	10/24	0.17 mi	-	2	Flat
£5,417	10/24	0.17 mi	-	2	Flat
£4,203	10/24	0.18 mi	Merchant Square, London, W2	2	Flat
£4,203	10/24	0.18 mi	Merchant Square East, Paddington, W2	2	Flat
£3,033	10/24	0.18 mi	-	2	Flat
£3,000	10/24	0.18 mi	-	2	Flat
£4,199	10/24	0.18 mi	Sheldon Square, London, W2	2	Flat
£5,300	10/24	0.19 mi	Merchant Square, Merchant Square East, W2	2	Flat
£4,203	10/24	0.19 mi	Merchant Square, London	2	Flat
£4,203	10/24	0.19 mi	Merchant Square, Paddington, London W2	2	Flat
£4,000	10/24	0.19 mi	Praed Mews, Hyde Park, W2	2	Terraced House
£4,203	10/24	0.19 mi	Merchant Square East, Hyde Park	2	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	3.08 miles away3.08 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.12 miles away0.12 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 £600,000

September 25, 2024

Floor Plans

Description

Stylish two bedroom apartment within a secure development with lift access +
Generous private balcony +
Two bedrooms with ample built in storage space +
Well maintained open plan kitchen with bright integrated reception +
Immaculate bathroom +
Lots of built in storage space +
Within easy reach of Paddington Station +
Provides excellent access to A404 +

Well presented two bedroom apartment within a stylish secure development overlooking Paddington Basin. As well as generous private balcony this flat features a modern open plan kitchen and lots of built in storage.

Only moments from Paddington Basin's great selection of shops and cafes, Montgomery House is a short walk from Paddington Station providing tube access to the heart of London and reliable national rail travel.

Please use the reference CHPK2270324 when contacting Foxtons.

Agent Details

Foxtons, Marylebone

020 3906 1036

Next Steps?

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

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