2 Bed Flat, Single Let, W1T 3PN £1,500,000

Wells Street, Fitzrovia, W1T 3PN - a year ago

Leasehold

BTL

~68 m²

ValuationOvervalued

Sold Prices	£260K - £5.8M
Sold Prices/m²	£8.1K/m² - £23.5K/m²

Square Metres	~68.11 m²
Price/m²	£22K/m²
Value Estimate	£1,110,505£1,110,505

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£375,000£375,000
Stamp Duty & Legal Fees	£137,450£137,450
Total Cash In	£512,450£512,450

Cash Out
Rent Range	£923 - £8,667£923 - £8,667
Rent Estimate	£2,500
Running Costs/mo	£5,208£5,208
Cashflow/mo	£-2,707£-2,707
Cashflow/yr	£-32,490£-32,490
Gross Yield	2%2%

Local Sold Prices

50 sold prices from £260K to £5.8M, average is £1.1M. £8.1K/m² to £23.5K/m², average is £14.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.3M	02/25	0.01 mi	Flat 43, 48 West One House, Wells Street, London W1T 3PW	-	-	2	Flat
£942.5K	05/25	0.01 mi	Flat 21, 48 West One House, Wells Street, London W1T 3PW	£11,355	83	2	Flat
£942.5K	05/25	0.01 mi	Flat 21, 48 West One House, Wells Street, London W1T 3PW	£11,355	83	2	Flat
£1.3M	02/25	0.01 mi	Flat 43, 48 West One House, Wells Street, London W1T 3PW	-	-	2	Flat
£942.5K	05/25	0.01 mi	Flat 21, 48 West One House, Wells Street, London W1T 3PW	-	-	2	Flat
£1.3M	10/24	0.04 mi	43-51, Flat 4, Great Titchfield Street, London W1W 7PQ	£18,529	68	2	Flat
£1.3M	10/24	0.04 mi	Flat 4, 43-51, Great Titchfield Street, London W1W 7PQ	-	-	2	Flat
£680K	11/24	0.04 mi	21, Flat 1, Nassau Street, London W1W 7AG	£8,095	84	2	Flat
£680K	11/24	0.04 mi	Flat 1, 21, Nassau Street, London W1W 7AG	-	-	2	Flat
£720K	03/25	0.07 mi	Flat 4, 88 90 Woodford House, Great Titchfield Street, London W1W 6SE	-	-	2	Flat
£720K	03/25	0.07 mi	Flat 4, 88 90 Woodford House, Great Titchfield Street, London W1W 6SE	-	-	2	Flat
£1.7M	10/24	0.09 mi	5, Apartment 504, Pearson Square, City Of Westminster, London W1T 3BQ	-	-	2	Flat
£1.7M	10/24	0.09 mi	Apartment 504, 5, Pearson Square, City Of Westminster, London W1T 3BQ	-	-	2	Flat
£875K	07/24	0.1 mi	Flat 15, 89, Great Portland Street, London W1W 7LX	-	-	2	Flat
£875K	07/24	0.1 mi	89, Flat 15, Great Portland Street, London W1W 7LX	£11,076	79	2	Flat
£1.1M	08/24	0.11 mi	Flat 3, 34 36 Berners Mansions, Berners Street, London W1T 3LU	£16,406	64	2	Flat
£615K	03/25	0.13 mi	Flat 7, 128 Coryton House, New Cavendish Street, London W1W 6XY	£13,085	47	2	Flat
£615K	03/25	0.13 mi	Flat 7, 128 Coryton House, New Cavendish Street, London W1W 6XY	-	-	2	Flat
£760K	09/24	0.14 mi	51, Flat 2, Cleveland Street, London W1T 4JH	£14,074	54	2	Flat
£760K	09/24	0.14 mi	Flat 2, 51, Cleveland Street, London W1T 4JH	£14,074	54	2	Flat
£260K	12/23	0.18 mi	Capital House, Flat 8, Clipstone Street, London W1W 6BD	£8,667	30	2	Flat
£1.2M	08/25	0.19 mi	Flat 7, York House, Berners Street, London W1T 3LG	-	-	2	Flat
£1.1M	07/24	0.19 mi	39, Flat 2, Charlotte Street, London W1T 1RU	£14,024	82	2	Flat
£2.8M	09/24	0.19 mi	Flat 2, 94, New Cavendish Street, London W1W 6XL	-	-	2	Flat
£2.8M	09/24	0.19 mi	94, Flat 2, New Cavendish Street, London W1W 6XL	£17,018	166	2	Flat
£4.5M	03/24	0.19 mi	5, Flat 1, Portland Place, London W1B 1PW	£23,096	197	2	Flat
£4.5M	03/24	0.19 mi	Flat 1, 5, Portland Place, London W1B 1PW	-	-	2	Flat
£1.9M	02/25	0.22 mi	101 103, Apartment A64, Cleveland Street, London W1T 6FA	£22,674	86	2	Flat
£1.9M	02/25	0.22 mi	Apartment A64, 101 103, Cleveland Street, London W1T 6FA	£22,674	86	2	Flat
£2.8M	10/24	0.22 mi	101 103, Apartment A71, Cleveland Street, London W1T 6FA	£23,529	119	2	Flat
£2.8M	10/24	0.22 mi	Apartment A71, 101 103, Cleveland Street, London W1T 6FA	£23,529	119	2	Flat
£2.8M	10/24	0.22 mi	Apartment A71, 101 103, Cleveland Street, London W1T 6FA	£23,529	119	2	Flat
£1.9M	02/25	0.22 mi	Apartment A64, 101 103, Cleveland Street, London W1T 6FA	-	-	2	Flat
£5.8M	04/24	0.24 mi	2, Penthouse Flat, Mansfield Street, London W1G 9NF	-	-	2	Flat
£785K	11/23	0.25 mi	9 Stone House, Flat 12a, Weymouth Street, London W1W 6DB	£16,020	49	2	Flat
£2.8M	10/21	0.25 mi	Crabtree Place, 3, Whitfield Street, London W1T 2AT	£16,467	167	2	Flat
£800K	05/24	0.28 mi	22, Flat 1, Carburton Street, London W1W 5AP	£9,877	81	2	Flat
£800K	05/24	0.28 mi	Flat 1, 22, Carburton Street, London W1W 5AP	-	-	2	Flat
£1.1M	12/24	0.28 mi	Flat 3, 6, Weymouth Mews, London W1G 7DY	£13,529	85	2	Flat
£1.1M	12/24	0.28 mi	Flat 3, 6, Weymouth Mews, London W1G 7DY	£13,529	85	2	Flat
£1.1M	12/24	0.28 mi	Flat 3, 6, Weymouth Mews, London W1G 7DY	-	-	2	Flat
£680K	01/25	0.28 mi	8, Percy Mews, London W1T 1EZ	£9,444	72	2	Flat
£680K	01/25	0.28 mi	8, Percy Mews, London W1T 1EZ	-	-	2	Flat
£680K	03/23	0.29 mi	Clifton House, Flat 7, Cleveland Street, London W1T 6QE	£10,794	63	2	Flat
£635K	07/25	0.32 mi	Flat 27, Goodwood Court, Devonshire Street, London W1W 5EF	-	-	2	Flat
£470K	03/25	0.32 mi	Flat 2, 102-104, Whitfield Street, London W1T 5EB	£10,444	45	2	Flat
£470K	03/25	0.32 mi	Flat 2, 102-104, Whitfield Street, London W1T 5EB	-	-	2	Flat
£2.4M	12/22	0.34 mi	21a, Harley Place, London, Greater London W1G 8LZ	£22,170	106	2	Flat
£1.6M	02/24	0.34 mi	228 Armitage Apartments, Flat 15, Great Portland Street, London W1W 5QP	£18,902	82	2	Flat
£900K	06/21	0.35 mi	57, Ridgmount Gardens, London, Greater London WC1E 7AU	£11,688	77	2	Flat

Local Rents

50 rents from £923/mo to £8.7K/mo, average is £3.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,200	10/24	0 mi	West One House, Wells Street, London, W1T	2	Flat
£3,900	03/25	0 mi	-	2	Flat
£8,233	08/25	0.01 mi	West One House, Fitzrovia, W1T	2	Flat
£4,000	08/25	0.01 mi	West One House, Fitzrovia, W1T	2	Flat
£3,250	09/25	0.02 mi	Great Titchfield Street, Fitzrovia, London, W1W	2	Flat
£2,747	09/25	0.03 mi	Wells Street, Fitzrovia, London, W1T	2	Flat
£2,747	07/25	0.03 mi	Wells Street, Fitzrovia, London, W1T	2	Flat
£6,300	10/25	0.03 mi	-	2	Flat
£2,600	06/25	0.03 mi	Furnival Mansions, Wells Street, W1T	2	Flat
£2,995	10/24	0.04 mi	-	2	Flat
£3,445	09/25	0.04 mi	Mortimer Street, Fitzrovia, London, W1T	2	Flat
£3,011	08/25	0.04 mi	Nassau Street, Fitzrovia, London, W1W	2	Flat
£2,800	10/24	0.04 mi	Nassau Street, Fitzrovia, W1W	2	Flat
£2,648	10/25	0.04 mi	10 Malvern House, Nassau Street, Fitzrovia	2	Flat
£2,647	10/25	0.04 mi	10 Malvern House, Nassau Street, Fitzrovia	2	Flat
£2,648	10/25	0.04 mi	10 Malvern House, Nassau Street, Fitzrovia	2	Flat
£2,747	06/25	0.04 mi	14 Malvern House, Nassau Street, Fitzrovia	2	Flat
£923	07/25	0.04 mi	Nassau Street, Fitzrovia, London, W1W	2	Flat
£3,999	10/25	0.04 mi	Nassau Street, Fitzrovia, London, W1W	2	Flat
£3,000	10/24	0.04 mi	-	2	Flat
£2,995	06/25	0.04 mi	-	2	Flat
£3,250	10/24	0.04 mi	-	2	Flat
£3,250	11/24	0.04 mi	-	2	Flat
£2,999	04/25	0.04 mi	-	2	Flat
£2,999	06/25	0.04 mi	-	2	Flat
£2,795	06/25	0.04 mi	-	2	Flat
£7,125	02/25	0.06 mi	-	2	Flat
£6,999	02/25	0.06 mi	-	2	Flat
£4,550	09/25	0.06 mi	Foley Street, Fitzrovia, London, W1W	2	Flat
£8,004	10/24	0.06 mi	Pearson Square, Marylebone, London, W1T	2	Flat
£8,000	10/24	0.06 mi	Pearson Square, Fitzroy Place, Mortimer Street, London, W1T	2	Flat
£3,900	07/25	0.07 mi	Great Titchfield Street, London, W1W	2	Flat
£6,500	10/24	0.07 mi	Pearson Square, London, W1T	2	Flat
£2,500	10/24	0.07 mi	-	2	Flat
£2,600	10/24	0.07 mi	-	2	Flat
£2,500	10/24	0.07 mi	Putney House, London, W1W	2	Flat
£7,799	09/25	0.07 mi	Fitzrovia, Pearson Square, London, W1T	2	Flat
£2,747	06/25	0.08 mi	Langham Street, Fitzrovia, London, W1W	2	Flat
£6,933	09/25	0.08 mi	Pearson Square, Fitzrovia & Covent Garden	2	Flat
£6,998	08/25	0.08 mi	Pearson Square, London, W1T	2	Flat
£7,999	10/24	0.08 mi	Pearson Square, Fitzroy Place, W1T	2	Flat
£1,650	07/25	0.08 mi	Pearson Square, Fitzroy Place, W1T	2	Flat
£5,850	11/25	0.08 mi	Pearson Square, Fitzroy Place, W1T	2	Flat
£5,958	11/25	0.08 mi	Pearson Square, Fitzroy Place, W1T	2	Flat
£7,367	11/25	0.08 mi	Pearson Square, Fitzroy Place, W1T	2	Flat
£8,667	10/25	0.08 mi	Pearson Square, Fitzrovia & Covent Garden	2	Flat
£7,500	10/25	0.08 mi	Fitzroy Place, Pearson Square, W1T	2	Flat
£7,366	08/25	0.08 mi	Pearson Square, Fitzrovia, London, W1T	2	Flat
£3,250	10/24	0.08 mi	Great Titchfield Street, Fitzrovia & Covent Garden	2	Flat
£2,999	07/25	0.09 mi	Hanson Street, Fitzrovia & Covent Garden	2	Flat

Local Area Statistics

Population in W1	29,37629,376
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)	-27%-27%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-14%-14%

Property History

Listed for £1,500,000

January 2, 2025

Floor Plans

Description

Demised Parking Space +
Lease 999 years from1997 +
Service Charge £7700 +
Concierge 24-7 +
EPC Rating C +
Architect-Led Refurbishment +

Located in West One House, a residential building developed by Berkeley Homes. This two double bedroom, two bathroom apartment has been meticulously redesigned and refurbished. With 24 hour concierge and lift access to a secure demised parking space.

Close to the restaurants of Charlotte Street, retail at Oxford Street, Bond Street and Regents Street, Theatreland and the beautiful open spaces of Regents Park.

Tenure: Leasehold Lease Years Remaining: 971
Service Charge: £7,700
Annual Ground Rent: £100
Council Tax Band: G

Information contained within this listing is for guidance only and should be checked and confirmed (prior to proceeding).

Agent Details

Dexters, Marylebone

020 7224 5544

Next Steps?

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

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ValuationOvervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents