2 Bed Flat, Cash/Bridging Only, London, W2 2RN, £695,000

The Quadrangle, London, W2 2RN - 1 views - 6 months ago

Leasehold

Cash

~94 m²

+13 photos

ValuationUndervalued

Sold Prices	£250K - £1.8M
Sold Prices/m²	£2.9K/m² - £17.9K/m²

Square Metres	~93.60 m²
Price/m²	£7.4K/m²
Value Estimate	£715,850£715,850
BMV	3%

End Value (After Refurb)	£1,211,463£1,211,463
Uplift in Value	+74%+74%
You could potentially get back more cash than you put into this deal. All your cash out plus £85,843 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£173,750£173,750
Stamp Duty & Legal Fees	£58,200£58,200
Refurb Costs	£49,561£49,561
Bridging Loan Interest	£18,244£18,244
Total Cash In	£301,505£301,505

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£1,211,463£1,211,463
Agent Fees (1%)	£12,115£12,115
Bridging Loan	£521,250£521,250
Bridging Loan Interest	£18,244£18,244
Flip Profit	£376,594£376,594

Local Sold Prices

51 sold prices from £250K to £1.8M, average is £780K. £2.9K/m² to £17.9K/m², average is £11.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£825K	10/21	0.05 mi	61, The Quadrangle, London, Greater London W2 2RR	£8,777	94	2	Flat
£575K	06/21	0.11 mi	Flat 157, Park West, Edgware Road, London, Greater London W2 2QP	-	-	2	Flat
£780K	01/21	0.11 mi	4a, Norfolk Place, London, Greater London W2 1QN	£10,986	71	2	Flat
£650K	01/21	0.18 mi	30, Radnor Mews, London, Greater London W2 2SA	-	-	2	Flat
£675K	04/23	0.21 mi	Flat 135, Park West, Edgware Road, London, Greater London W2 2QP	-	-	2	Flat
£1.1M	12/20	0.23 mi	Ground Floor Flat, 49 - 50, Kendal Street, London, Greater London W2 2BP	£11,538	91	2	Flat
£775K	08/23	0.24 mi	Flat 16, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£810K	09/23	0.24 mi	Flat 13, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£707K	03/21	0.25 mi	Ground Floor Flat, 8, Sussex Place, London, Greater London W2 2TP	£2,948	240	2	Flat
£398K	10/20	0.27 mi	63a, Lisson Street, London, Greater London NW1 5DA	£11,031	36	2	Flat
£905K	09/21	0.28 mi	25a, Harcourt Street, London, Greater London W1H 4HN	£14,141	64	2	Flat
£550K	09/23	0.28 mi	11c, Penfold Street, London, Greater London NW1 6RU	-	-	2	Flat
£750K	11/22	0.29 mi	Flat 1, Harrowby Court, Harrowby Street, London, Greater London W1H 5FA	-	-	2	Flat
£975K	06/21	0.29 mi	Flat 12, Sherwood Court, Seymour Place, London, Greater London W1H 5TH	-	-	2	Flat
£970K	06/23	0.29 mi	Flat 7, Sherwood Court, Seymour Place, London, Greater London W1H 5TH	-	-	2	Flat
£990K	09/22	0.29 mi	First And Second Floor Flat, 2, Harcourt Street, London, Greater London W1H 4EX	-	-	2	Flat
£900K	07/21	0.31 mi	55, Sussex Square, London, Greater London W2 2SR	£11,842	76	2	Flat
£685K	12/21	0.31 mi	13, Sussex Square, London, Greater London W2 2SL	£9,133	75	2	Flat
£1.1M	04/23	0.32 mi	Flat 7, Bryan Court, Seymour Place, London, Greater London W1H 2NE	-	-	2	Flat
£520K	02/21	0.32 mi	Flat 14, Princess Court, Bryanston Place, London, Greater London W1H 2DF	-	-	2	Flat
£1.1M	06/21	0.33 mi	Flat 77, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	2	Flat
£780K	02/23	0.33 mi	Flat 40, Clarewood Court, Seymour Place, London, Greater London W1H 2NL	-	-	2	Flat
£1.6M	11/22	0.39 mi	20, Bryanston Mews East, London, Greater London W1H 2DB	£14,096	114	2	Flat
£1.3M	03/23	0.39 mi	15, Great Cumberland Mews, London, Greater London W1H 7DZ	-	-	2	Flat
£660K	12/20	0.4 mi	Flat 6, Cosway Mansions, Shroton Street, London, Greater London NW1 6UE	-	-	2	Flat
£877K	12/23	0.41 mi	71c, Westbourne Terrace, London, Greater London W2 3UY	£8,598	102	2	Flat
£1.2M	12/20	0.42 mi	14c, Westbourne Crescent, London, Greater London W2 3DB	-	-	2	Flat
£845K	06/21	0.42 mi	Third Floor Flat, 28, Westbourne Terrace, London, Greater London W2 3UP	-	-	2	Flat
£545K	10/23	0.43 mi	22, Gloucester Terrace, London, Greater London W2 3DD	-	-	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
£1.4M	09/23	0.45 mi	Flat B, 30, Upper Montagu Street, London, Greater London W1H 1RP	-	-	2	Flat
£1.4M	09/23	0.45 mi	Flat B, 30, Upper Montagu Street, London, Greater London W1H 1RP	-	-	2	Flat
£1.2M	01/21	0.45 mi	15, Montagu Mews North, London, Greater London W1H 2JR	£14,390	82	2	Flat
£570K	06/21	0.46 mi	Front Basement Flat, 11, Montagu Square, London, Greater London W1H 2LD	-	-	2	Flat
£800K	10/23	0.47 mi	Flat 1, Cumberland Court, Great Cumberland Place, London, Greater London W1H 7DP	-	-	2	Flat
£610K	03/23	0.48 mi	Second Floor Flat, 14, Crawford Street, London, Greater London W1H 1BP	-	-	2	Flat
£770K	03/23	0.5 mi	Basement Flat, 98, Westbourne Terrace, London, Greater London W2 6QE	£7,333	105	2	Flat
£360K	08/23	0.51 mi	3d, Gateforth Street, London, Greater London NW8 8EH	-	-	2	Flat
£680K	08/21	0.53 mi	Flat 25, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU	-	-	2	Flat
£467.5K	10/23	0.53 mi	Flat 22, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU	-	-	2	Flat
£1.1M	12/20	0.53 mi	133, Gloucester Terrace, London, Greater London W2 6DX	-	-	2	Flat
£760K	04/24	0.54 mi	67, Flat C, Queens Gardens, London, Greater London W2 3AH	£13,818	55	2	Flat
£550K	09/23	0.54 mi	Flat 16, Farnham House, Harewood Avenue, London, Greater London NW1 6NT	-	-	2	Flat
£1.8M	03/21	0.56 mi	68, Montagu Mansions, London, Greater London W1U 6LE	£10,261	175	2	Flat
£1.6M	06/21	0.56 mi	76, Montagu Mansions, London, Greater London W1U 6LE	£17,857	89	2	Flat
£1.3M	08/23	0.56 mi	51, Montagu Mansions, London, Greater London W1U 6LD	£16,211	81	2	Flat
£850K	06/22	0.56 mi	9, Montagu Mansions, London, Greater London W1U 6LB	£15,455	55	2	Flat
£850K	10/23	0.56 mi	Flat B, 12, Montagu Row, London, Greater London W1U 6ED	-	-	2	Flat
£735K	06/21	0.56 mi	Flat 66, Dorset House, Gloucester Place, London, Greater London NW1 5AE	-	-	2	Flat
£720K	04/23	0.57 mi	Flat 20, Mordern House, Harewood Avenue, London, Greater London NW1 6NR	-	-	2	Flat

Local Rents

50 rents from £2.3K/mo to £7.3K/mo, average is £3.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,250	10/24	0.05 mi	Cambridge Square London W2	2	Flat
£2,708	10/24	0.05 mi	Sussex Gardens, Paddington, London, W2	2	Flat
£2,817	10/24	0.05 mi	Quadrangle Tower, Cambridge Square, London, W2	2	Flat
£3,250	10/24	0.06 mi	Quadrangle Tower, Cambridge Square	2	Flat
£3,250	10/24	0.06 mi	-	2	Terraced House
£3,295	10/24	0.06 mi	-	2	Terraced House
£3,150	10/24	0.06 mi	-	2	Terraced House
£3,395	03/25	0.06 mi	-	2	Terraced House
£3,295	10/24	0.06 mi	Star St, London, W2	2	Terraced House
£3,500	10/24	0.07 mi	Devonport, 23 Southwick Street, W2	2	Flat
£3,450	11/24	0.07 mi	-	2	Flat
£4,500	04/25	0.07 mi	-	2	Flat
£3,250	10/24	0.07 mi	Southwick Street, Hyde Park	2	Flat
£2,899	10/24	0.07 mi	Southwick Street, London, W2	2	Flat
£2,800	10/24	0.07 mi	Devonport, Southwick Street, W2	2	Flat
£2,250	10/24	0.07 mi	-	2	Flat
£3,500	10/24	0.08 mi	-	2	Flat
£4,995	04/25	0.09 mi	-	2	Flat
£4,950	10/24	0.09 mi	-	2	Flat
£3,683	10/24	0.09 mi	Hyde Park Crescent London W2	2	Flat
£3,389	10/24	0.09 mi	-	2	Flat
£3,200	10/24	0.09 mi	-	2	Flat
£3,200	01/25	0.09 mi	-	2	Flat
£3,200	03/25	0.09 mi	-	2	Flat
£6,860	10/24	0.1 mi	West End Gate, Paddington, LONDON, W2	2	Flat
£6,721	10/24	0.1 mi	West End Gate, Paddington, LONDON, W2	2	Flat
£7,263	10/24	0.1 mi	West End Gate, Hyde Park Estate, LONDON, W2	2	Flat
£2,500	12/24	0.1 mi	-	2	Flat
£3,142	02/25	0.1 mi	-	2	Flat
£3,201	04/25	0.1 mi	-	2	Flat
£3,800	12/24	0.11 mi	-	2	Flat
£2,297	10/24	0.11 mi	Norfolk Place, Paddington	2	Flat
£6,534	10/24	0.12 mi	Garrett Mansions, Edgware Road, Paddington, London W2	2	Flat
£6,422	10/24	0.12 mi	Garrett Mansions, Edgware Road, London W2	2	Flat
£6,773	10/24	0.12 mi	Garrett Mansions, Edgware Road, Paddington, London W2	2	Flat
£6,422	10/24	0.12 mi	Garrett Mansions, Edgware Road, W2	2	Flat
£4,333	10/24	0.12 mi	South Wharf Road Paddington W2	2	Flat
£6,422	10/24	0.12 mi	Garrett Mansions, Paddington, London, W2	2	Flat
£6,535	10/24	0.12 mi	Garrett Mansions, Paddington, London, W2	2	Flat
£6,773	10/24	0.12 mi	Garrett Mansions, Paddington, W2	2	Flat
£6,422	10/24	0.12 mi	Garrett Mansions, London, W2	2	Flat
£7,263	10/24	0.12 mi	Garrett Mansions, 287 Edgware Road, London, W2,	2	Flat
£3,012	10/24	0.12 mi	Balmoral Apartments Paddington W2	2	Flat
£2,817	10/24	0.12 mi	St Michael's Street Paddington W2	2	Flat
£4,500	10/24	0.13 mi	Praed Street, London, W2	2	Flat
£3,445	10/24	0.13 mi	-	2	Flat
£3,033	12/24	0.13 mi	-	2	Flat
£2,750	04/25	0.13 mi	-	2	Flat
£3,879	02/25	0.13 mi	-	2	Flat
£2,600	10/24	0.13 mi	-	2	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	2.84 miles away2.84 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.21 miles away0.21 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

Price changed to £695,000

March 20, 2025

Listed for £720,000

October 31, 2024

Floor Plans

Description

CASH BUYERS ONLY +
61 Years Lease +
Two Double Bedrooms +
Two Bathrooms +
Separate Kitchen +
Private Balcony +
Secure Gated Development +
24Hr Concierge +
Secure Underground Parking +
Chain Free +

This well-situated two-bedroom apartment, located in the sought The Quadrangle, in the heart of Central London, offering a blend of urban convenience and Hyde Park Estate charm. Ideal for professionals or small families, the property boasts approximately 1008 square feet of living space, complete with modern finishes, ample natural light, and views overlooking The Quadrangle's tranquil communal gardens.
Comprising of Two spacious double bedrooms with ample built-in storage. Two modern bathrooms, including an ensuite in the main bedroom, fitted with high-quality fixtures. The separate living area features large windows, creating a bright and airy atmosphere with views over the gardens. A fully equipped kitchen with premium appliances and plenty of cabinet space. Residents benefit from a 24-hour concierge service, secure gated entry, and well-maintained communal gardens.
Conveniently located close to Paddington Station, Lancaster Gate, and Edgware Road, providing access to the Elizabeth, Bakerloo, and Central lines.
The Quadrangle is ideally positioned for easy access to shopping districts, including Oxford Street, and the green expanse of Hyde Park. Nearby dining and leisure options make this an attractive option for those seeking a vibrant lifestyle with convenient amenities.

Agent Details

Daniel Rose Residential Ltd, London

020 7359 4493

Next Steps?

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

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