2 Bed Flat, Refurb/BRRR, London, NW8 9XT, £650,000

Violet Hill House, Abercorn Place, St John's Wood, London, NW8 9XT - 3 views - 7 months ago

Under Offer
Refurb/BRRR
~66 m²
+11 photos

ValuationOvervalued

Sold Prices£400K - £12.5M
Sold Prices/m²£11.8K/m² - £15.4K/m²

 

 

Square Metres

~66.23 m²
Price/m²£9.8K/m²

Value Estimate

£475,150

 

 

End Value (After Refurb)

£1,194,884

Uplift in Value

+84%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£40,700

Refurb Costs

£35,000

Bridging Loan Interest

£17,063

Total Cash In

£257,013

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£1,194,884

Agent Fees (1%)

£11,949

Bridging Loan

£487,500

Bridging Loan Interest

£17,063

Flip Profit

£438,422

Local Sold Prices

50 sold prices from £400K to £12.5M, average is £775.5K. £11.8K/m² to £15.4K/m², average is £12.6K/m².

PriceDateDistanceAddressBeds 
£1.7M12/220.17 miBasement Flat, 44a, Marlborough Place, London, Greater London NW8 0PL2
£761K06/230.21 miFlat 17, Circus Lodge, Circus Road, London, Greater London NW8 9JL2
£840K10/200.23 miFlat 409, Addison House, Grove End Road, London, Greater London NW8 9EL2
£635K02/210.25 miFlat 24, Knoll House, Carlton Hill, London, Greater London NW8 9XD2
£900K03/210.25 mi48a, Hamilton Terrace, London, Greater London NW8 9UJ2
£12.5M12/200.27 mi61, Hamilton Terrace, London, Greater London NW8 9RG2
£677.5K01/230.27 miFlat 6, Elmfield House, Carlton Hill, London, Greater London NW8 9XB2
£500K02/210.29 miFlat 2, Florence Court, Maida Vale, London, Greater London W9 1TB2
£800K04/210.31 miGround Floor Flat, 117, Randolph Avenue, London, Greater London W9 1DN2
£662.5K12/230.31 miFirst Floor Flat, 117, Randolph Avenue, London, Greater London W9 1DN2
£625K09/230.34 miFlat D, 225, Elgin Avenue, London, Greater London W9 1NH2
£2.5M01/210.34 miBasement & Ground Floor Flat, 221, Elgin Avenue, London, Greater London W9 1NH2
£720K11/200.35 miFlat 9, Fettes House, Wellington Road, London, Greater London NW8 9SU2
£720K11/200.35 miFlat 9, Fettes House, Wellington Road, London, Greater London NW8 9SU2
£725K06/210.36 miFlat 4a, Grove End House, Grove End Road, London, Greater London NW8 9HP2
£600K03/230.36 miFlat 7b, Grove End House, Grove End Road, London, Greater London NW8 9HL2
£845K01/240.37 miFlat 4a, Ashworth Mansions, Elgin Avenue, London, Greater London W9 1JL2
£820.5K08/230.37 miFlat 9, Ashworth Mansions, Elgin Avenue, London, Greater London W9 1JL2
£650K07/230.38 miFlat 2, Greville Hall, Greville Place, London, Greater London NW6 5JS2
£1.3M12/200.39 miFlat 79, Ashworth Mansions, Grantully Road, London, Greater London W9 1LN2
£423K02/210.39 miFlat 40, Dibdin House, Maida Vale, London, Greater London W9 1QE2
£710K09/210.4 mi8c, Carlton Vale, London, Greater London NW6 5EE2
£400K06/230.4 miFlat 140, Dibdin House, Maida Vale, London, Greater London W9 1QG2
£1.1M03/210.41 miFlat 86, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1NF2
£835K05/230.41 miFlat 22, Biddulph Mansions, Biddulph Road, London, Greater London W9 1HY2
£1.4M06/210.41 miBasement Flat, 178, Sutherland Avenue, London, Greater London W9 1HR2
£835K01/240.42 miFlat 23, St Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT2
£1.7M06/230.42 miPenthouse G, St. Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QT2
£625K03/210.42 mi50b, Randolph Avenue, London, Greater London W9 1BE2
£868K03/210.44 miFlat 17, Clifton Court, Northwick Terrace, London, Greater London NW8 8HS2
£1.7M03/230.44 mi47e, Randolph Avenue, London, Greater London W9 1BQ2
£475K08/230.45 miFlat 20, Helsby Court, Pollitt Drive, London, Greater London NW8 8JQ2
£790K01/230.45 miFlat 106, Lords View, St Johns Wood Road, London, Greater London NW8 7HG2
£800K10/230.45 miFlat 98, Lords View, St Johns Wood Road, London, Greater London NW8 7HG2
£880K02/230.45 miFlat 90, Elgin Mansions, Elgin Avenue, London, Greater London W9 1JN2
£450K11/200.46 miFlat 187, Dibdin House, Maida Vale, London, Greater London W9 1QQ2
£747K06/230.47 mi66, Charles Lane, London, Greater London NW8 7SB2
£615K07/230.47 miFlat 35, De Walden House, Allitsen Road, London, Greater London NW8 7BA2
£1.2M06/210.47 miFlat 29, Clifton Court, Northwick Terrace, London, Greater London NW8 8HT2
£415K04/230.48 miFlat 38, Waltham House, Boundary Road, London, Greater London NW8 0JD2
£1.5M06/240.48 mi21b, Randolph Crescent, London, Greater London W9 1DP2
£1.2M02/230.49 miFlat 234, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1NQ2
£725K12/200.49 miFlat 219, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1LZ2
£980K09/210.5 miFlat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£1.0M08/210.5 miFlat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£440K12/200.5 miFlat 86, Kilburn Gate, Kilburn Priory, London, Greater London NW6 5UU2
£760K06/210.5 miFlat 91, Biddulph Mansions, Elgin Avenue, London, Greater London W9 1HU2
£427.5K09/210.5 miFlat 18, Greenaway House, Boundary Road, London, Greater London NW8 0HT2
£500K08/230.51 miFlat 75, Kilburn Gate, Kilburn Priory, London, Greater London NW6 5UX2
£2.1M09/230.51 miGround Floor Flat, 22, Warrington Crescent, London, Greater London W9 1EL2

Local Rents

50 rents from £2.2K/mo to £5.2K/mo, average is £2.9K/mo.

RentDateDistanceAddressBeds 
£2,81706/240.04 miNugent Terrace, St Johns Wood, NW82
£2,50007/240.04 miAlma House, St John's Wood, London, NW82
£2,50006/240.04 miAbercorn Place, St John`s Wood, NW82
£2,99907/240.05 miSara Court, 38 Abercorn Place, St John's Wood, London, NW82
£2,38306/240.05 miAlma Square, St John's Wood2
£2,49206/240.06 miAbercorn Place, St. John's Wood, London, NW82
£3,00006/240.06 miAlma Square, St John's Wood, London, NW82
£2,38406/240.06 miAbercorn Place, St John's Wood, London, NW82
£2,81706/240.06 miAbercorn Place, St John's Wood, London, NW82
£2,38307/240.07 miAlma Square, London, NW82
£2,38307/240.07 miAlma Square, London, NW82
£2,27508/240.07 mi-2
£2,27508/240.07 miSt Johns Wood, London, NW82
£2,81706/240.08 miAbbey Road London NW82
£2,81706/240.08 mi-2
£2,81706/240.08 miAbercorn Place, London, NW82
£2,45006/240.08 mi-2
£2,49703/250.08 mi-2
£2,49906/240.08 miMortimer Court, Abbey Road, London2
£2,50006/240.08 miMortimer Court, Abbey Road, NW82
£3,20006/240.09 mi-2
£2,50006/240.09 miAbbey Road, St Johns Wood, NW82
£3,00010/240.09 mi-2
£2,70806/240.1 miAbbey Road, St. Johns Wood2
£2,24907/240.1 miAbbey Road, St John's Wood2
£2,25006/240.1 miAbbey House, 1a Abbey Road, NW82
£3,25006/240.1 miAbbey House, 1a Abbey Road, NW82
£2,24907/240.1 miAbbey House, Abbey Road, London NW82
£2,40007/240.1 miAbbey House, Abbey Road, London NW82
£3,46706/240.1 miAbercorn Place, London2
£2,38308/240.11 miGrove End Gardens, Grove End Road, London NW82
£3,03308/240.11 miGrove End Gardens, Grove End Road, London NW82
£3,25006/240.11 miAbbey Road, St John's Wood, NW82
£3,59707/240.11 miAbbey Road, St John's Wood, London, NW82
£2,90006/240.12 miAbbey Road St John`s Wood NW82
£3,90006/240.12 miAbbey Road, St John's Wood, London, NW82
£5,09206/240.12 miHamilton Terrace, London, NW82
£3,74808/240.12 miHall Road, Flat 28, London, NW82
£3,19806/240.12 miHamilton Terrace, St Johns Wood, NW82
£3,70006/240.12 mi20 Abbey Road, St Johns Wood, London NW8 9BW2
£5,20008/240.13 miHamilton Terrace, St Johns Wood, London, NW82
£3,94806/240.13 miLa Residence, Marlborough Place2
£3,50006/240.13 mi-2
£5,20007/240.13 miHamilton Terrace, London2
£3,87906/240.13 miAbbey Road, St Johns Wood, London2
£3,50006/240.13 miAbbey Road, St Johns Wood, London2
£3,50007/240.13 miAbbey Road, St Johns Wood, London2
£3,50008/240.13 miAbbey Road, St Johns Wood, London2
£3,25008/240.13 miAbbey Road, St Johns Wood, London2
£3,30009/240.13 miAbbey Road, St Johns Wood, London2

Local Area Statistics

Population in NW8

33,802

Population in London

4,771,921

Town centre distance

3.20 miles away

Nearest school

0.20 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-22%

Sales demand

Buyer's market

Capital growth (5yrs)

-13%

Property History

Price changed to £650,000

January 15, 2025

Listed for £675,000

October 3, 2024

Floor Plans

Description

  • Share Of Freehold +
  • Two Double Bedrooms +
  • Shower Room +
  • Separate WC +
  • Reception Room +
  • Eat-In Kitchen +
  • Communal Garden +

A bright two-bedroom second floor apartment in this now private building. The apartment is in its original configuration and would lend itself to some modernisation. The property consists of a bright reception room, two double bedrooms, a shower room with a separate WC. Violet Hill House is a well-maintained privately-owned purpose-built block. This superb location at the junction of Violet Hill and Abercorn Place allows easy access to the amenities off St John's Wood High Street and tube station Jubilee line.

Agent Details

Winkworth, St John's Wood

020 3870 2627

Next Steps?

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