2 Bed Flat, Cash/Bridging Only, London, NW1 3LB, £500,000

Stanhope Street, Euston, NW1 3LB - 4 views - 4 months ago

Leasehold
Cash
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£360K - £2.4M
Sold Prices/m²£7.6K/m² - £22.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7.3K/m²

Value Estimate

£515,000
BMV3%

 

 

End Value (After Refurb)

£926,234

Uplift in Value

+85%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£36,033

Bridging Loan Interest

£13,125

Total Cash In

£204,608

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£926,234

Agent Fees (1%)

£9,262

Bridging Loan

£375,000

Bridging Loan Interest

£13,125

Flip Profit

£337,364

Local Sold Prices

52 sold prices from £360K to £2.4M, average is £640K. £7.6K/m² to £22.2K/m², average is £11.7K/m².

PriceDateDistanceAddressBeds 
£387K01/210.03 miFlat 44, Bucklebury, Stanhope Street, London, Greater London NW1 3LB2
£395K11/210.03 miFlat 35, Bucklebury, Stanhope Street, London, Greater London NW1 3LB2
£515K04/210.07 mi155, Stanhope Street, London, Greater London NW1 3LR2
£600K05/230.13 mi217a, North Gower Street, London, Greater London NW1 2NR2
£425K02/210.13 miFlat 29, Swallowfield, Munster Square, London, Greater London NW1 3PJ2
£512K12/200.15 mi19b, Tolmers Square, London, Greater London NW1 2PE2
£445K04/210.15 miFlat 16, Patterdale, Osnaburgh Street, London, Greater London NW1 3QJ2
£520K03/230.15 miFlat 7, Patterdale, Osnaburgh Street, London, Greater London NW1 3QJ2
£1.0M04/230.17 mi71c, Albany Street, London, Greater London NW1 4BT2
£645K10/200.21 miBasement Flat, 22, Conway Street, London, Greater London W1T 6BF2
£405K03/210.23 miFlat 39, Cartmel, Hampstead Road, London, Greater London NW1 3SH2
£690K01/230.39 mi263a, Hampstead Road, London, Greater London NW1 3EA2
£488.5K09/210.43 miFlat 29, Oakshott Court, Polygon Road, London, Greater London NW1 1ST2
£658.4K09/230.45 miFlat 29, Winston House, Endsleigh Street, London, Greater London WC1H 0EA2
£725K01/210.48 mi67, Ridgmount Gardens, London, Greater London WC1E 7AX2
£470K02/230.48 miFlat 21, Mayford, Oakley Square, London, Greater London NW1 1NX2
£900K06/210.49 mi57, Ridgmount Gardens, London, Greater London WC1E 7AU2
£1.1M12/230.49 mi63, Ridgmount Gardens, London, Greater London WC1E 7AU2
£812.5K02/220.49 mi84a, Ridgmount Gardens, London, Greater London WC1E 7AY2
£900K06/210.49 mi57, Ridgmount Gardens, London, Greater London WC1E 7AU2
£610K09/210.5 mi41a, Ridgmount Gardens, London, Greater London WC1E 7AT2
£610K09/210.5 mi41a, Ridgmount Gardens, London, Greater London WC1E 7AT2
£700K12/220.5 mi30a, Ridgmount Gardens, London, Greater London WC1E 7AS2
£750K03/210.51 mi13a, Mornington Terrace, London, Greater London NW1 7RR2
£1.5M11/200.51 mi41, Weymouth Mews, London, Greater London W1G 7EG2
£1.6M03/230.52 miFlat F, 30, Devonshire Place, London, Greater London W1G 6JH2
£1.3M10/220.52 miFlat A, 99, Devonshire Mews South, London, Greater London W1G 6QR2
£475K09/230.52 miFlat 79, Mayford, Oakley Square, London, Greater London NW1 1NY2
£1.1M05/230.53 mi10, Ridgmount Gardens, London, Greater London WC1E 7AP2
£615K06/210.53 mi13c, Albert Street, London, Greater London NW1 7LU2
£360K12/200.56 miFlat 135, Mayford, Oakley Square, London, Greater London NW1 1PA2
£415K06/210.56 miFlat 23, Flaxman Court, Flaxman Terrace, London, Greater London WC1H 9AR2
£415K06/210.56 miFlat 23, Flaxman Court, Flaxman Terrace, London, Greater London WC1H 9AR2
£700K01/210.56 mi31d, Arlington Road, London, Greater London NW1 7ER2
£430K09/210.58 miFlat 23, Phoenix Court, Purchese Street, London, Greater London NW1 1EL2
£800K10/230.59 mi7, Charrington Street, London, Greater London NW1 1RS2
£1.6M02/230.59 miFlat C, Regis House, 49, Beaumont Street, London, Greater London W1G 6DN2
£590K09/220.62 miFlat 26, Thackeray House, Herbrand Street, London, Greater London WC1N 1HN2
£675K08/230.62 miFlat 2, Thackeray House, Herbrand Street, London, Greater London WC1N 1HN2
£675K08/230.62 miFlat 2, Thackeray House, Herbrand Street, London, Greater London WC1N 1HN2
£2.4M12/220.63 mi21a, Harley Place, London, Greater London W1G 8LZ2
£620K07/220.63 miFlat 10, Coram House, Herbrand Street, London, Greater London WC1N 1HQ2
£635K05/210.63 mi63a, Arlington Road, London, Greater London NW1 7ES2
£622K09/230.64 miFlat 145, Thanet House, Thanet Street, London, Greater London WC1H 9QD2
£686K01/210.65 mi148, Chalton Street, London, Greater London NW1 1NP2
£657.5K12/200.65 miFlat 120, Thanet House, Thanet Street, London, Greater London WC1H 9QE2
£620K12/200.65 miFlat 124, Thanet House, Thanet Street, London, Greater London WC1H 9QE2
£657.5K12/200.65 miFlat 120, Thanet House, Thanet Street, London, Greater London WC1H 9QE2
£415K08/210.65 miFlat 69, Fairfield, Arlington Road, London, Greater London NW1 7LE2
£897.5K12/200.65 mi51a, Mornington Terrace, London, Greater London NW1 7RT2
£410K07/230.65 miFlat 22, Foxfield, Arlington Road, London, Greater London NW1 7LD2
£1.9M02/230.65 mi17, De Walden Street, London, Greater London W1G 8RW2

Local Rents

50 rents from £2.3K/mo to £5K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£2,89506/240.03 miWilliam Road, Euston, NW12
£3,28912/240.04 mi-2
£3,36706/240.04 mi-2
£3,36706/240.04 mi-2
£3,24612/240.04 mi-2
£3,36712/240.04 mi-2
£3,36706/240.04 miWilliam Road, London, NW12
£3,10006/240.04 miWilliam Road, Euston2
£2,65006/240.04 mi-2
£3,12012/240.04 mi-2
£3,11612/240.04 mi-2
£3,12012/240.04 mi-2
£2,65003/250.04 mi-2
£3,09406/240.04 mi23 William Road, London, Greater London, NW12
£3,20003/250.05 mi-2
£3,59003/250.05 mi-2
£2,95006/240.06 miPrince Of Wales Passage, London2
£2,66506/240.08 miMunster Square, Euston NW12
£3,87806/240.08 miTriton Building, Brock Street, Bloomsbury, Euston, NW12
£3,50006/240.09 miBrock Street, Regent's Park, NW1 3DS2
£2,57012/240.09 mi-2
£4,49806/240.1 miThe Triton Building, Warren Street, London2
£2,70006/240.11 miNorth Gower Street, Euston, London, NW12
£2,70812/240.11 mi-2
£2,57812/240.11 mi-2
£2,57812/240.11 mi-2
£3,19903/250.11 mi-2
£2,75012/240.12 mi-2
£2,75012/240.12 mi-2
£2,75012/240.12 mi-2
£2,90002/250.12 mi-2
£2,50012/240.12 mi-2
£2,45001/250.12 mi-2
£2,95012/240.13 mi-2
£3,20006/240.14 mi-2
£4,50012/240.14 mi-2
£3,20006/240.14 miNorth Gower Street, London, NW12
£2,27512/240.14 mi-2
£2,47506/240.14 miSwallowfield, London, NW12
£3,29906/240.15 miAlbany Street, London, NW12
£2,90006/240.15 miLongford Street London NW12
£2,69506/240.15 miDerwent, Robert Street, NW12
£3,14206/240.16 miColosseum Terrace, Regent's Park, London2
£3,60006/240.16 miOsnaburgh Street, Regents Place, NW12
£2,99902/250.16 mi-2
£2,50004/250.16 mi-2
£2,45006/240.16 miMunster Square, London, NW12
£2,50004/250.16 mi-2
£4,98312/240.17 mi-2
£3,45012/240.17 mi-2

Local Area Statistics

Population in NW1

60,294

Population in London

4,771,921

Town centre distance

1.51 miles away

Nearest school

0.10 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

-4%

Property History

Listed for £500,000

January 3, 2025

Floor Plans

Description

  • Cash Buyers Only +
  • Two Bedrooms +
  • Reception +
  • Two Lifts +
  • 14th Floor +
  • Balcony +
  • Lease 125 from 2006 +

Cash buyers only. A two double bedroom apartment located conveniently for University College London and the University of London. The home has a bright neutral interior and the accommodation comprises two double bedrooms, a reception room which opens to a balcony, shower room and W.C.

Arranged on the 14th floor the apartment has views over Regents Park and the London skyline. Transport links within the vicinity are Warren Street, Great Portland Street and London Euston.

Tenure: Leasehold Lease Years Remaining: 106
Service Charge: £2,031 (Yearly)
Annual Ground Rent: £10
Council Tax Band: C

Agent Details

Dexters, Bloomsbury

020 7833 4466

Next Steps?

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

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