3 Bed Flat, Single Let, London, NW1 6EL, £2,650,000

Albert Court, Palgrave Gardens, NW1 6EL - 4 months ago

Leasehold

BTL

~217 m²

+3 photos

ValuationUndervalued

Sold Prices	£194.3K - £6.2M
Sold Prices/m²	£5.9K/m² - £61.4K/m²

Square Metres	~217.23 m²
Price/m²	£12.2K/m²
Value Estimate	£2,981,588£2,981,588
BMV	13%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£662,500£662,500
Stamp Duty & Legal Fees	£362,950£362,950
Total Cash In	£1,025,450£1,025,450

Cash Out
Rent Range	£2,900 - £14,972£2,900 - £14,972
Rent Estimate	£3,200
Running Costs/mo	£8,941£8,941
Cashflow/mo	£-5,741£-5,741
Cashflow/yr	£-68,895£-68,895
Gross Yield	1%1%

Local Sold Prices

50 sold prices from £194.3K to £6.2M, average is £1.3M. £5.9K/m² to £61.4K/m², average is £13.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.3M	05/23	0.05 mi	Flat 129, Rossmore Court, Park Road, London, Greater London NW1 6XZ	-	-	3	Flat
£800K	10/23	0.05 mi	Flat 106, Rossmore Court, Park Road, London, Greater London NW1 6XZ	-	-	3	Flat
£970K	06/23	0.1 mi	Flat 130, Ivor Court, Gloucester Place, London, Greater London NW1 6BT	-	-	3	Flat
£1.0M	03/21	0.1 mi	Flat 103, Ivor Court, Gloucester Place, London, Greater London NW1 6BS	-	-	3	Flat
£194.3K	10/21	0.16 mi	Flat B, 2, Rossmore Road, London, Greater London NW1 6NJ	-	-	3	Flat
£1.1M	03/21	0.18 mi	5a, Linhope Street, London, Greater London NW1 6ES	£8,333	129	3	Flat
£1.1M	12/20	0.21 mi	Flat 14, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AY	-	-	3	Flat
£1.6M	04/21	0.24 mi	Flat 182, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AR	-	-	3	Flat
£443.5K	04/21	0.25 mi	159, Lisson Grove, London, Greater London NW8 8EB	£5,913	75	3	Flat
£1.2M	05/23	0.25 mi	Flat 153, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AP	-	-	3	Flat
£1.4M	06/21	0.27 mi	Flat 24, Melcombe Court, Dorset Square, London, Greater London NW1 6EP	£13,725	102	3	Flat
£1.3M	02/24	0.33 mi	Dorset House, Flat 182, Gloucester Place, London, Greater London NW1 5AH	£13,462	94	3	Flat
£542.5K	01/21	0.36 mi	Flat 45, Lords View, St Johns Wood Road, London, Greater London NW8 7HQ	-	-	3	Flat
£1.4M	04/23	0.41 mi	Flat 60, St Johns Wood Court, St Johns Wood Road, London, Greater London NW8 8QS	-	-	3	Flat
£615K	09/21	0.41 mi	Flat 45, Tadema House, Penfold Street, London, Greater London NW8 8PN	-	-	3	Flat
£3.0M	04/21	0.42 mi	Flat 4f, Portman Mansions, Chiltern Street, London, Greater London W1U 6NS	-	-	3	Flat
£5.4M	10/21	0.44 mi	12, York Terrace West, London, Greater London NW1 4QA	£61,364	88	3	Flat
£2.0M	10/22	0.44 mi	95a, York Street, London, Greater London W1H 4QG	£16,942	121	3	Flat
£1.9M	02/21	0.46 mi	48, Montagu Mansions, London, Greater London W1U 6LD	-	-	3	Flat
£1.3M	03/24	0.46 mi	Century Court, Flat 25, Grove End Road, London, Greater London NW8 9LD	£11,195	113	3	Flat
£1.2M	07/23	0.46 mi	Flat 31, Century Court, Grove End Road, London, Greater London NW8 9LD	-	-	3	Flat
£2.6M	01/21	0.46 mi	Flat 101, North Gate, Prince Albert Road, London, Greater London NW8 7EJ	-	-	3	Flat
£2.3M	08/22	0.47 mi	40, Montagu Mansions, London, Greater London W1U 6LB	£15,033	153	3	Flat
£970K	05/21	0.47 mi	Flat 9a, Oxford & Cambridge Mansions, Transept Street, London, Greater London NW1 5EJ	-	-	3	Flat
£3.8M	02/23	0.47 mi	Flat 24, Hanover House, St Johns Wood High Street, London, Greater London NW8 7DX	-	-	3	Flat
£2.2M	01/23	0.47 mi	Flat 13, Hanover House, St Johns Wood High Street, London, Greater London NW8 7DX	-	-	3	Flat
£1.4M	08/23	0.47 mi	Flat 62, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	3	Flat
£1.8M	09/23	0.47 mi	Flat 71, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	3	Flat
£865K	12/22	0.48 mi	Flat 10, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	3	Flat
£2.8M	05/21	0.51 mi	78, Montagu Mansions, London, Greater London W1U 6LE	£22,080	125	3	Flat
£785K	09/23	0.54 mi	Flat 3, Robin House, Barrow Hill Estate, London, Greater London NW8 7AD	-	-	3	Flat
£1.2M	10/23	0.54 mi	Flat 28, St Andrews Mansions, Dorset Street, London, Greater London W1U 4EQ	-	-	3	Flat
£2.3M	06/23	0.54 mi	Flat 26, St Andrews Mansions, Dorset Street, London, Greater London W1U 4EQ	-	-	3	Flat
£1.6M	12/20	0.54 mi	Flat 1, Westminster Court, Aberdeen Place, London, Greater London NW8 8JL	-	-	3	Flat
£1.6M	12/20	0.54 mi	Flat 1, Westminster Court, Aberdeen Place, London, Greater London NW8 8JL	-	-	3	Flat
£2.0M	11/22	0.55 mi	Flat C, 22, Montagu Square, London, Greater London W1H 2LF	£15,610	131	3	Flat
£710K	06/21	0.56 mi	Flat 12, Mallard House, Barrow Hill Estate, London, Greater London NW8 7AN	£8,659	82	3	Flat
£850K	06/23	0.56 mi	Second Floor Flat C, 20, Nottingham Place, London, Greater London W1U 5NH	-	-	3	Flat
£2.2M	11/23	0.56 mi	44, Basement And Ground Floor Flat C, Montagu Square, London, Greater London W1H 2LN	-	-	3	Flat
£1.1M	10/20	0.58 mi	Flat 403, Elm Tree Court, Elm Tree Road, London, Greater London NW8 9JT	-	-	3	Flat
£1.1M	04/21	0.58 mi	Flat 67, Wendover Court, Chiltern Street, London, Greater London W1U 7NP	-	-	3	Flat
£2.4M	06/23	0.58 mi	Third And Fourth Floor Maisonette, 50, Montagu Square, London, Greater London W1H 2LW	-	-	3	Flat
£645K	01/21	0.59 mi	179, Scott Ellis Gardens, London, Greater London NW8 9RS	£7,866	82	3	Flat
£4.3M	10/21	0.59 mi	8a, Melina Place, London, Greater London NW8 9SA	£19,545	220	3	Flat
£530K	06/21	0.63 mi	Flat 46, Fleming Court, St Marys Square, London, Greater London W2 1SE	-	-	3	Flat
£585K	01/21	0.63 mi	Flat 1, Fleming Court, St Marys Square, London, Greater London W2 1SE	-	-	3	Flat
£1.1M	06/21	0.63 mi	65, St Michaels Street, London, Greater London W2 1QR	-	-	3	Flat
£1.1M	01/21	0.64 mi	Flat 46, St. Marys Mansions, St Marys Terrace, London, Greater London W2 1SH	-	-	3	Flat
£6.2M	06/23	0.64 mi	Flat 24, Harley House, Marylebone Road, London, Greater London NW1 5HE	-	-	3	Flat
£2.4M	12/20	0.64 mi	Flat 75, South Lodge, Circus Road, London, Greater London NW8 9EU	-	-	3	Flat

Local Rents

50 rents from £2.9K/mo to £15K/mo, average is £4.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,983	06/24	0 mi	Alberts Court, Palgrave Gardens, London NW1	3	Flat
£4,225	06/24	0.04 mi	Hanover Gate Mansions, Regents Park, NW1	3	Flat
£3,900	06/24	0.04 mi	Hanover Gate Mansions, Regents Park, NW1	3	Flat
£4,000	06/24	0.06 mi	Rossmore Court, Park Road, London NW1	3	Flat
£4,250	12/24	0.07 mi	-	3	Flat
£4,225	06/24	0.08 mi	Palgrave Gardens, London, NW1	3	Flat
£4,008	06/24	0.08 mi	Palgrave Gardens, London	3	Flat
£5,000	06/24	0.1 mi	Boston Place, Marylebone, NW1	3	Terraced House
£4,697	06/24	0.1 mi	Boston Place, London, NW1	3	Terraced House
£5,300	06/24	0.1 mi	-	3	Flat
£3,900	12/24	0.11 mi	-	3	Terraced House
£5,174	06/24	0.11 mi	Huntsworth Mews, London, NW1	3	Terraced House
£5,612	03/25	0.11 mi	Huntsworth Mews, London, NW1	3	Terraced House
£5,178	06/24	0.11 mi	-	3	Terraced House
£8,333	03/25	0.11 mi	-	3	Terraced House
£6,392	06/24	0.12 mi	Harewood Avenue, Marylebone, London, NW1	3	Flat
£4,745	06/24	0.13 mi	Park Road, Marylebone, London, NW1	3	Flat
£6,284	06/24	0.13 mi	Huntsworth Mews, Marylebone, London, NW1	3	Flat
£4,500	08/24	0.14 mi	Park Road, St Johns Wood	3	Flat
£4,500	08/24	0.14 mi	Park Lorne, Park Road, St Johns Wood	3	Flat
£3,683	06/24	0.14 mi	Park Road, St Johns Wood, London, NW8	3	Flat
£6,750	06/24	0.15 mi	Dorset House, Gloucester Place, Marylebone, London, NW1	3	Flat
£3,250	06/24	0.16 mi	Balcombe Street, London	3	Flat
£8,017	08/24	0.16 mi	Park Road, St John's Wood, London, NW8	3	Flat
£4,995	06/24	0.16 mi	Marylebone, London	3	Flat
£8,017	08/24	0.17 mi	Park Road St Johns Wood NW8	3	Flat
£7,800	08/24	0.17 mi	Crown Court, 123 Park Road, NW8	3	Flat
£4,333	06/24	0.17 mi	Gloucester Place, NW1	3	Flat
£5,400	03/25	0.17 mi	-	3	Flat
£2,900	11/24	0.18 mi	-	3	Flat
£3,150	03/25	0.18 mi	-	3	Flat
£2,900	04/25	0.18 mi	-	3	Flat
£3,000	07/24	0.21 mi	Turville House, Grendon Street, St Johns Wood, London, NW8	3	Flat
£7,800	06/24	0.21 mi	Dorset Square, London	3	Flat
£4,250	03/25	0.21 mi	-	3	Flat
£3,200	02/25	0.22 mi	-	3	Flat
£6,000	07/24	0.22 mi	Broadley Street, Lisson Grove, NW8	3	Terraced House
£3,792	06/24	0.23 mi	Park Road, Marylebone, London, NW8	3	Flat
£3,792	07/24	0.23 mi	Park Road, Marylebone, London, NW8	3	Flat
£14,972	06/24	0.23 mi	Baker Street, Maryleborne, London, NW1	3	Flat
£4,200	06/24	0.24 mi	Glentworth Street London NW1	3	Flat
£6,067	04/25	0.24 mi	-	3	Flat
£4,700	07/24	0.24 mi	North Bank, St John's Wood, London, NW8	3	Flat
£4,700	08/24	0.24 mi	North Bank, St John's Wood, London, NW8	3	Flat
£4,008	06/24	0.25 mi	Ashbridge Street, St Johns Wood, London	3	Flat
£4,875	06/24	0.25 mi	Glentworth Street, Marylebone, London, NW1	3	Flat
£4,767	12/24	0.26 mi	-	3	Flat
£5,850	06/24	0.26 mi	Glentworth Street, London	3	Flat
£4,000	06/24	0.26 mi	Clarence Gate Gardens, Glentworth Street, London, NW1	3	Flat
£3,900	06/24	0.26 mi	Regent Court, St Johns Wood, NW8	3	Flat

Local Area Statistics

Population in NW1	60,29460,294
Population in London	4,771,9214,771,921
Town centre distance	2.50 miles away2.50 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.26 miles away0.26 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-4%-4%

Property History

Price changed to £2,650,000

February 28, 2025

Price changed to £2,750,000

January 31, 2025

Listed for £2,900,000

December 2, 2024

Floor Plans

Description

Three bedrooms +
Underground parking +
Gym & Swimming Pool +
Porter service +

Situated on the Sixth floor of this secure building, comprising of a spacious entrance hall, leading onto a large double reception room, further dining room, large separate kitchen, three double bedrooms and three bathrooms. Neutrally decorated throughout and the property also has a private balcony.

Palgrave Gardens offers a porter service, swimming pool and gym and the property also has an allocation underground parking space.

Marylebone is well located for transport through a large number of underground services, including Baker Street for access to Canary Wharf via the Jubilee Line. Other stations include Marble Arch (Central Line), Regents Park (Bakerloo Line) and Bond Street (Central Line & Jubilee Line). Easy access is available to the A40 (M) for links out of London to the West. Locally there are many amenities located around Marylebone High Street, including a Waitrose supermarket and various shops, restaurants and cafes. Within walking distance to Regents Park.

Tenure: leasehold
Lease Years Remaining: 972 years 10 months
Service Charge: £ (Yearly)
Annual Ground Rent: £
Council Tax Band: H

Agent Details

Marsh & Parsons, Marylebone & Mayfair

020 7935 1775

Next Steps?

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

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