2 Bed Flat, Single Let, SW1P 4BQ, £535,000

49 Marsham Street, London, SW1P 3DP - 3 views - 2 months ago

Sold STC

Leasehold

BTL

ROI: 2%

52 m²

+6 photos

ValuationUndervalued

Sold Prices	£495K - £1.5M
Sold Prices/m²	£8.6K/m² - £13.2K/m²

Square Metres	52.40 m²
Price/m²	£10.2K/m²
Value Estimate	£660,066£660,066
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£133,750£133,750
Stamp Duty & Legal Fees	£31,500£31,500
Total Cash In	£165,250£165,250

Cash Out
Rent Range	£2,300 - £7,000£2,300 - £7,000
Rent Estimate	£2,532
Running Costs/mo	£2,198£2,198
Cashflow/mo	£334£334
Cashflow/yr	£4,005£4,005
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £495K to £1.5M, average is £720K. £8.6K/m² to £13.2K/m², average is £12.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£650K	11/21	0.02 mi	Flat 8, Vincent House, Regency Street, London, Greater London SW1P 4BX	-	-	2	Flat
£513.5K	03/21	0.03 mi	Flat 34, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£513.5K	03/21	0.03 mi	Flat 34, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£520K	04/21	0.03 mi	Flat 52, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£580K	01/21	0.03 mi	Flat 48, Jessel House, Page Street, London, Greater London SW1P 4BH	-	-	2	Flat
£530K	04/21	0.03 mi	Flat 35, Jessel House, Page Street, London, Greater London SW1P 4BH	-	-	2	Flat
£575K	06/21	0.05 mi	Flat 27, Probyn House, Page Street, London, Greater London SW1P 4BG	£9,583	60	2	Flat
£495K	10/20	0.06 mi	Flat 29, Edric House, Page Street, London, Greater London SW1P 4ER	-	-	2	Flat
£596K	04/23	0.09 mi	Flat 67, Bennett House, Page Street, London, Greater London SW1P 4EU	-	-	2	Flat
£530K	04/23	0.09 mi	Flat 36, Bennett House, Page Street, London, Greater London SW1P 4ET	-	-	2	Flat
£695K	06/21	0.11 mi	Flat 44, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£665K	12/22	0.11 mi	Flat 5, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£725K	06/23	0.11 mi	Flat 50, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£660K	11/23	0.11 mi	Flat 8, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£720K	05/21	0.12 mi	Flat 11, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£800K	10/20	0.12 mi	Flat 27, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£1.1M	06/21	0.12 mi	Flat 57, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£780K	09/23	0.12 mi	Flat 40, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£725K	06/21	0.13 mi	Flat 3, Ormond House, Medway Street, London, Greater London SW1P 2TB	-	-	2	Flat
£700K	01/23	0.13 mi	Flat 49, Ormond House, Medway Street, London, Greater London SW1P 2TB	-	-	2	Flat
£860K	08/23	0.14 mi	Flat 1, Dolben Court, Montaigne Close, London, Greater London SW1P 4BB	-	-	2	Flat
£1.2M	03/21	0.14 mi	Flat 17a, Vincent House, Vincent Square, London, Greater London SW1P 2NB	-	-	2	Flat
£1.3M	01/24	0.15 mi	Westminster Gardens, Flat 12, Marsham Street, London, Greater London SW1P 4JA	£12,619	105	2	Flat
£1.4M	06/23	0.15 mi	Flat 47, Westminster Gardens, Marsham Street, London, Greater London SW1P 4JG	-	-	2	Flat
£940K	08/21	0.16 mi	Flat 16, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	2	Flat
£637.5K	01/21	0.18 mi	Flat 19, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£645K	06/23	0.18 mi	Flat 27, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.18 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.18 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£720K	12/22	0.2 mi	Flat 15, Morland House, Marsham Street, London, Greater London SW1P 4JQ	-	-	2	Flat
£1.1M	06/21	0.22 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£1.0M	03/21	0.22 mi	Flat 73, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£1.1M	06/21	0.22 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£830K	03/21	0.22 mi	55c, Greencoat Place, London, Greater London SW1P 1DS	£12,576	66	2	Flat
£645K	06/21	0.23 mi	Flat 9, Middleton House, Causton Street, London, Greater London SW1P 4AS	-	-	2	Flat
£850K	12/20	0.23 mi	Flat 2, Tufton Court, Tufton Street, London, Greater London SW1P 3QH	-	-	2	Flat
£755K	12/22	0.24 mi	Flat 23, Tufton Court, Tufton Street, London, Greater London SW1P 3QH	-	-	2	Flat
£712.5K	11/20	0.24 mi	Flat 6, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£710K	03/21	0.24 mi	Flat 3, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£800K	01/23	0.24 mi	Flat 36, Lawrence House, Cureton Street, London, Greater London SW1P 4ED	-	-	2	Flat
£540K	03/23	0.26 mi	Flat 34, Henry Wise House, Vauxhall Bridge Road, London, Greater London SW1V 2SU	-	-	2	Flat
£1.5M	09/21	0.27 mi	Flat 113, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HX	-	-	2	Flat
£590K	11/20	0.3 mi	Flat 60, Joseph Conrad House, Tachbrook Street, London, Greater London SW1V 2NG	-	-	2	Flat
£685K	06/21	0.3 mi	Flat 39, Joseph Conrad House, Tachbrook Street, London, Greater London SW1V 2NF	-	-	2	Flat
£810K	05/23	0.33 mi	Flat 9, Christchurch House, Caxton Street, London, Greater London SW1H 0PX	-	-	2	Flat
£830K	05/23	0.38 mi	Lower Ground Floor Flat, 88, Belgrave Road, London, Greater London SW1V 2BJ	£8,602	96	2	Flat
£800K	11/20	0.4 mi	29a, Moreton Place, London, Greater London SW1V 2NL	£13,115	61	2	Flat
£728K	10/23	0.4 mi	Flat 2, Clarion House, Moreton Place, London, Greater London SW1V 2NN	-	-	2	Flat
£570K	06/23	0.4 mi	Flat 2, Albany Court, Palmer Street, London, Greater London SW1H 0AA	-	-	2	Flat
£750K	04/23	0.41 mi	64, Warwick Square, London, Greater London SW1V 2AL	-	-	2	Flat
£925K	04/21	0.45 mi	9a, Gloucester Street, London, Greater London SW1V 2DB	£13,214	70	2	Flat

Local Rents

50 rents from £2.3K/mo to £7K/mo, average is £3.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,000	09/24	0.01 mi	Ashburnham Mews, Westminster, London, SW1P	2	Flat
£2,950	09/24	0.03 mi	Probyn House, London, SW1P	2	Flat
£2,950	09/24	0.03 mi	-	2	Flat
£2,950	09/24	0.03 mi	-	2	Flat
£2,950	09/24	0.03 mi	-	2	Flat
£2,817	09/24	0.03 mi	Regency Street, Westminster, London, SW1P	2	Flat
£2,535	09/24	0.05 mi	Regency Street, London	2	Flat
£2,513	09/24	0.05 mi	Vincent Square, Westminster	2	Flat
£4,000	09/24	0.06 mi	Tothill House, London, SW1P	2	Flat
£4,000	09/24	0.06 mi	-	2	Flat
£3,500	09/24	0.06 mi	-	2	Flat
£2,700	01/25	0.06 mi	-	2	Flat
£2,300	03/25	0.07 mi	-	2	Flat
£3,250	09/24	0.08 mi	-	2	Flat
£3,900	10/24	0.09 mi	-	2	Flat
£3,900	02/25	0.09 mi	-	2	Flat
£2,700	01/25	0.09 mi	-	2	Flat
£2,492	09/24	0.09 mi	Page Street, Westminster, London, SW1P	2	Flat
£3,358	09/24	0.1 mi	26 Medway Street, Westminster, London, SW1P	2	Flat
£2,690	09/24	0.1 mi	-	2	Flat
£2,450	09/24	0.1 mi	-	2	Flat
£2,700	02/25	0.1 mi	-	2	Flat
£2,999	09/24	0.1 mi	Marsham Court, Marsham St, SW1P	2	Flat
£3,500	09/24	0.11 mi	Sherbrooke House, 24 Monck Street, Westminster, London, SW1P	2	Flat
£5,000	09/24	0.12 mi	Chimes Apartments, Westminster, London	2	Flat
£2,747	09/24	0.12 mi	Zachary Court, Montaigne Close, Westminster, London, SW1P	2	Flat
£5,000	09/24	0.12 mi	Chimes Apartments, Westminster London	2	Flat
£3,100	09/24	0.12 mi	-	2	Flat
£2,665	09/24	0.12 mi	Marsham Court, Marsham Street, Westminster, SW1P	2	Flat
£3,000	09/24	0.12 mi	Montaigne Close London SW1P	2	Flat
£2,600	11/24	0.12 mi	-	2	Flat
£2,700	12/24	0.12 mi	-	2	Flat
£3,250	09/24	0.12 mi	Ormond House, Medway Street, Westminster, SW1P, SW1P	2	Flat
£3,683	09/24	0.13 mi	Altayyar House, 102 Marsham Street, Westminster, London, SW1P	2	Flat
£3,500	09/24	0.13 mi	Monck Street, Pimlico, London, SW1P	2	Flat
£3,200	10/24	0.13 mi	-	2	Flat
£4,000	03/25	0.13 mi	-	2	Flat
£3,683	09/24	0.13 mi	Vestry Court, 5 Monck Street, Westminster, London, SW1P	2	Flat
£2,999	09/24	0.14 mi	Horsley Court, Regency Apartments, Montaigne Close, Westminster, London, SW1P	2	Flat
£7,000	09/24	0.14 mi	Westminster Gardens, Marsham Street, Westminster, SW1P	2	Flat
£2,750	09/24	0.14 mi	The Regency, 7 Hide Place, SW1P	2	Flat
£5,000	03/25	0.14 mi	-	2	Flat
£3,800	09/24	0.14 mi	Montaigne Close, London, SW1P	2	Flat
£3,500	09/24	0.14 mi	Page Street, London, SW1P	2	Flat
£3,300	09/24	0.14 mi	-	2	Flat
£3,500	09/24	0.14 mi	-	2	Flat
£3,792	09/24	0.14 mi	Bentinck House, 34 Monck Street, Westminster, London, SW1P	2	Flat
£3,878	09/24	0.15 mi	St Johns Building, 79 Marsham Street, Westminster, London, SW1P	2	Flat
£5,150	03/25	0.15 mi	-	2	Flat
£4,117	02/25	0.15 mi	-	2	Flat

Local Area Statistics

Population in SW1	52,47852,478
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.35 miles away0.35 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+47%+47%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-15%-15%

Property History

Listed for £535,000

January 23, 2025

Floor Plans

Description

2 Double Bedroom Apartment +
635 Square Feet +
Reception Room +
Separate Integrated Kitchen +
Modern Bathroom +
Sold With Vacant Possession +
Close To Local Shopping Facilities +
Walking Distance to the Transport Links of St James’s Park, Westminster & Victoria +
Moments From St James Park & Westminster Tube Services +

We are delighted to offer this wonderful 2 double bedroom apartment located on the 4th floor of this well maintained red brick building in the heart of Westminster, close to the River Thames and the Houses of Parliament. The property is offered with vacant possession and would be an ideal home or rental investment. The accommodation comprises of a bright reception room, a smart separate kitchen, a modern bathroom suite, wood flooring throughout and storage. Probyn House is located only moments from the transport links of St James's Park, Westminster and Victoria which are all within walking distance. There is an abundance of local amenities including a Sainsburys, Tesco Express and Waitrose. The transport links of St James's Park, Westminster and Victoria are all within walking distance plus a variety of bus services to the City and Waterloo. Garton Jones are close by so are readily available for viewings.

Council Tax Band C (London Borough of Westminster)
Leasehold: 84 Years Remaining (125 years from 1983)
Ground Rent Peppercorn: £10 Per Annum
Service Charges: £1772 Per Annum
EPC Rating: D (61)

Agent Details

Garton Jones, Westminster & Victoria

020 3835 6360

Next Steps?

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

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