2 Bed Flat, Single Let, London, SW1P 3DR, £700,000

Romney House, 47 Marsham Street, Westminster, London, SW1P 3DRP - 2 views - 5 months ago

Leasehold

BTL

~72 m²

+8 photos

ValuationUndervalued

Sold Prices	£435K - £1.5M
Sold Prices/m²	£8.6K/m² - £13.1K/m²

Square Metres	~71.90 m²
Price/m²	£9.7K/m²
Value Estimate	£875,000£875,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£175,000£175,000
Stamp Duty & Legal Fees	£44,700£44,700
Total Cash In	£219,700£219,700

Cash Out
Rent Range	£2,300 - £9,300£2,300 - £9,300
Rent Estimate	£2,671
Running Costs/mo	£2,742£2,742
Cashflow/mo	£-71£-71
Cashflow/yr	£-848£-848
Gross Yield	5%5%

Local Sold Prices

51 sold prices from £435K to £1.5M, average is £710K. £8.6K/m² to £13.1K/m², average is £12.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£850K	12/20	0.06 mi	Flat 2, Tufton Court, Tufton Street, London, Greater London SW1P 3QH	-	-	2	Flat
£755K	12/22	0.07 mi	Flat 23, Tufton Court, Tufton Street, London, Greater London SW1P 3QH	-	-	2	Flat
£596K	04/23	0.1 mi	Flat 67, Bennett House, Page Street, London, Greater London SW1P 4EU	-	-	2	Flat
£530K	04/23	0.1 mi	Flat 36, Bennett House, Page Street, London, Greater London SW1P 4ET	-	-	2	Flat
£495K	10/20	0.12 mi	Flat 29, Edric House, Page Street, London, Greater London SW1P 4ER	-	-	2	Flat
£700K	01/23	0.13 mi	Flat 49, Ormond House, Medway Street, London, Greater London SW1P 2TB	-	-	2	Flat
£725K	06/21	0.13 mi	Flat 3, Ormond House, Medway Street, London, Greater London SW1P 2TB	-	-	2	Flat
£1.3M	01/24	0.16 mi	Westminster Gardens, Flat 12, Marsham Street, London, Greater London SW1P 4JA	£12,619	105	2	Flat
£650K	11/21	0.16 mi	Flat 8, Vincent House, Regency Street, London, Greater London SW1P 4BX	-	-	2	Flat
£1.4M	06/23	0.17 mi	Flat 47, Westminster Gardens, Marsham Street, London, Greater London SW1P 4JG	-	-	2	Flat
£580K	01/21	0.18 mi	Flat 48, Jessel House, Page Street, London, Greater London SW1P 4BH	-	-	2	Flat
£530K	04/21	0.18 mi	Flat 35, Jessel House, Page Street, London, Greater London SW1P 4BH	-	-	2	Flat
£513.5K	03/21	0.2 mi	Flat 34, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£513.5K	03/21	0.2 mi	Flat 34, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£520K	04/21	0.2 mi	Flat 52, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£575K	06/21	0.21 mi	Flat 27, Probyn House, Page Street, London, Greater London SW1P 4BG	£9,583	60	2	Flat
£720K	12/22	0.22 mi	Flat 15, Morland House, Marsham Street, London, Greater London SW1P 4JQ	-	-	2	Flat
£720K	05/21	0.23 mi	Flat 11, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£1.1M	06/21	0.24 mi	Flat 57, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£780K	09/23	0.24 mi	Flat 40, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£1.0M	03/21	0.26 mi	Flat 73, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£1.1M	06/21	0.26 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£860K	08/23	0.26 mi	Flat 1, Dolben Court, Montaigne Close, London, Greater London SW1P 4BB	-	-	2	Flat
£695K	06/21	0.26 mi	Flat 44, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£665K	12/22	0.26 mi	Flat 5, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£725K	06/23	0.26 mi	Flat 50, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£660K	11/23	0.26 mi	Flat 8, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£1.1M	06/21	0.26 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£637.5K	01/21	0.27 mi	Flat 19, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£645K	06/23	0.27 mi	Flat 27, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.27 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.27 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£1.5M	09/21	0.28 mi	Flat 113, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HX	-	-	2	Flat
£940K	08/21	0.29 mi	Flat 16, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	2	Flat
£1.2M	03/21	0.32 mi	Flat 17a, Vincent House, Vincent Square, London, Greater London SW1P 2NB	-	-	2	Flat
£810K	05/23	0.33 mi	Flat 9, Christchurch House, Caxton Street, London, Greater London SW1H 0PX	-	-	2	Flat
£712.5K	11/20	0.34 mi	Flat 6, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£710K	03/21	0.34 mi	Flat 3, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£645K	06/21	0.35 mi	Flat 9, Middleton House, Causton Street, London, Greater London SW1P 4AS	-	-	2	Flat
£800K	01/23	0.36 mi	Flat 36, Lawrence House, Cureton Street, London, Greater London SW1P 4ED	-	-	2	Flat
£830K	03/21	0.36 mi	55c, Greencoat Place, London, Greater London SW1P 1DS	£12,576	66	2	Flat
£570K	06/23	0.38 mi	Flat 2, Albany Court, Palmer Street, London, Greater London SW1H 0AA	-	-	2	Flat
£540K	03/23	0.43 mi	Flat 34, Henry Wise House, Vauxhall Bridge Road, London, Greater London SW1V 2SU	-	-	2	Flat
£460K	01/23	0.45 mi	Flat 26, Gabriel House, Old Paradise Street, London, Greater London SE11 6AL	-	-	2	Flat
£590K	11/20	0.47 mi	Flat 60, Joseph Conrad House, Tachbrook Street, London, Greater London SW1V 2NG	-	-	2	Flat
£685K	06/21	0.47 mi	Flat 39, Joseph Conrad House, Tachbrook Street, London, Greater London SW1V 2NF	-	-	2	Flat
£435K	06/21	0.54 mi	Flat 7, Arden House, Black Prince Road, London, Greater London SE11 5QH	-	-	2	Flat
£830K	05/23	0.56 mi	Lower Ground Floor Flat, 88, Belgrave Road, London, Greater London SW1V 2BJ	£8,602	96	2	Flat
£800K	11/20	0.57 mi	29a, Moreton Place, London, Greater London SW1V 2NL	£13,115	61	2	Flat
£728K	10/23	0.57 mi	Flat 2, Clarion House, Moreton Place, London, Greater London SW1V 2NN	-	-	2	Flat
£800K	06/21	0.59 mi	Flat 12, Stafford Mansions, Stafford Place, London, Greater London SW1E 6NL	-	-	2	Flat

Local Rents

50 rents from £2.3K/mo to £9.3K/mo, average is £3.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,142	09/24	0 mi	Romney House, 47 Marsham Street, LONDON, SW1P	2	Flat
£4,333	09/24	0 mi	Romney House, 47 Marsham Street, Westminster, London, SW1P	2	Flat
£3,142	09/24	0 mi	Romney House, Marsham Street, Westminster, London SW1P	2	Flat
£3,200	11/24	0.01 mi	-	2	Flat
£2,800	02/24	0.01 mi	-	2	Flat
£3,250	09/24	0.01 mi	Romney House, 47 Marsham Street, Westminster, London SW1P	2	Flat
£3,250	03/25	0.01 mi	-	2	Flat
£3,250	09/24	0.03 mi	Marsham Street, London, SW1P	2	Flat
£3,500	04/25	0.03 mi	-	2	Flat
£2,925	09/24	0.03 mi	Romney House, Marsham Street, Westminster	2	Flat
£2,817	09/24	0.04 mi	48 Tufton Street, Westminster, London, SW1P	2	Flat
£3,500	09/24	0.06 mi	Sherbrooke House, 24 Monck Street, Westminster, London, SW1P	2	Flat
£4,000	04/25	0.07 mi	-	2	Flat
£3,792	09/24	0.07 mi	Bentinck House, 34 Monck Street, Westminster, London, SW1P	2	Flat
£5,633	09/24	0.07 mi	Great Peter Street London SW1P	2	Flat
£3,500	09/24	0.07 mi	Monck Street, Pimlico, London, SW1P	2	Flat
£5,000	03/25	0.08 mi	-	2	Flat
£3,792	09/24	0.08 mi	Monck Street, London SW1P	2	Flat
£3,792	09/24	0.08 mi	Monck Street, Westminster	2	Flat
£5,633	09/24	0.08 mi	Great Peter Street, Westminster, London, SW1P	2	Flat
£3,878	09/24	0.09 mi	St Johns Building, 79 Marsham Street, Westminster, London, SW1P	2	Flat
£4,850	04/25	0.09 mi	-	2	Flat
£5,633	09/24	0.09 mi	35 Great Peter Street, Westminster, London	2	Flat
£3,683	09/24	0.09 mi	Vestry Court, 5 Monck Street, Westminster, London, SW1P	2	Flat
£2,690	09/24	0.1 mi	-	2	Flat
£3,358	09/24	0.1 mi	26 Medway Street, Westminster, London, SW1P	2	Flat
£3,575	09/24	0.11 mi	Westminster Green, 8 Dean Ryle Street, London, SW1P	2	Flat
£6,000	09/24	0.11 mi	Westminster Green, Dean Ryle Street, London, SW1P	2	Flat
£3,250	09/24	0.11 mi	Westminster Green, 8 Dean Ryle Street, Westminster, London, SW1P	2	Flat
£3,575	09/24	0.11 mi	Westminster Green, Dean Ryle Street, London, SW1P	2	Flat
£2,300	04/25	0.11 mi	-	2	Flat
£3,250	09/24	0.11 mi	Dean Ryle Street, London, SW1P	2	Flat
£6,740	09/24	0.12 mi	Millbank, London, SW1P	2	Flat
£3,900	10/24	0.12 mi	-	2	Flat
£3,900	02/25	0.12 mi	-	2	Flat
£3,500	09/24	0.12 mi	Page Street, London, SW1P	2	Flat
£3,300	09/24	0.12 mi	-	2	Flat
£3,500	09/24	0.12 mi	-	2	Flat
£3,683	09/24	0.12 mi	Altayyar House, 102 Marsham Street, Westminster, London, SW1P	2	Flat
£3,250	09/24	0.13 mi	Ormond House, Medway Street, Westminster, SW1P, SW1P	2	Flat
£3,200	10/24	0.13 mi	-	2	Flat
£6,500	09/24	0.13 mi	9 Millbank, Westminster, London, SW1P	2	Flat
£6,250	09/24	0.13 mi	Millbank, London, SW1P	2	Flat
£9,300	09/24	0.13 mi	9 Millbank, Westminster, London, SW1P	2	Flat
£6,850	09/24	0.13 mi	Millbank, London, SW1P	2	Flat
£7,150	09/24	0.13 mi	Millbank Quarter, Westminster SW1P	2	Flat
£7,475	09/24	0.13 mi	Millbank London SW1P	2	Flat
£3,850	09/24	0.14 mi	Great Peter Street, Westminster, SW1P	2	Flat
£2,450	09/24	0.14 mi	-	2	Flat
£2,700	02/25	0.14 mi	-	2	Flat

Local Area Statistics

Population in SW1	52,47852,478
Town centre distance	2.45 miles away2.45 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.34 miles away0.34 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-21%-21%

Property History

Price changed to £700,000

January 19, 2025

Price changed to £720,000

December 17, 2024

Listed for £750,000

November 7, 2024

Floor Plans

Description

2 bed/2 bath +
3rd Floor with lift access +
Video entry system +
Concierge/ 24 hour porter service +
Gymnasium +
Courtyard view +
Prime Westminster location +

Set within the highly sought after Romney House, is this beautifully presented and well-appointed two bedroom, two bathroom apartment. Not only enjoying a delightful courtyard aspect but generous interiors at 774 sq. ft.

Fully furnished to a high-end specification, this 3rd floor property offers a naturally bright reception room with a smart open-plan kitchen, spacious master bedroom benefiting from an end-suite bathroom, generously sized second bedroom and deluxe family shower-room.

Ideally located within walking distance of Westminster (0.5mi), Victoria and St James’s Park underground & mainline stations, the location offers fantastic transport links across the Capital as well as a host of fine local amenities.

Residents of Romney House will enjoy the benefits of a 24 hr concierge service and access to the gymnasium.
Prime Location: Situated close to the shops, bars, and restaurants on Victoria Street, and within walking distance of Westminster, Victoria, and St James' Park stations, offering superb local transport links.

Don’t miss out on this exceptional property. Contact us today to arrange a viewing and experience luxury living in Westminster.

Agent Details

Life Residential, Nine Elms Riverside Office - Sales

020 7582 7989

Next Steps?

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

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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