4 Bed Terraced House, Refurb/BRRR, London, W11 1PJ, £3,500,000

Cornwall Crescent, Notting Hill, W11 1PJ - 4 views - 3 months ago

Refurb/BRRR
~129 m²
+4 photos

ValuationOvervalued

Sold Prices£966K - £17.3M
Sold Prices/m²£7.7K/m² - £46K/m²

 

 

Square Metres

~129.26 m²
Price/m²£27.1K/m²

Value Estimate

£1,832,254

 

 

End Value (After Refurb)

£3,250,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£875,000

Stamp Duty & Legal Fees

£437,450

Refurb Costs

£68,248

Bridging Loan Interest

£91,875

Total Cash In

£1,474,323

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£3,250,000

Mortgage (After Refinance)

£2,437,500

Mortgage LTV

75%

Cash Left In

£1,474,323

Equity

£812,500

Rent Range

£3,000 - £21,667

Rent Estimate

£8,444

Running Costs/mo

£11,865

Cashflow/mo

£-3,421

Cashflow/yr

£-41,053

Gross Yield

3%

Local Sold Prices

51 sold prices from £966K to £17.3M, average is £3.2M. £7.7K/m² to £46K/m², average is £17.8K/m².

PriceDateDistanceAddressBeds 
£17.3M08/220.1 mi102, Elgin Crescent, London, Greater London W11 2JL4
£966K04/210.1 mi57, Verity Close, London, Greater London W11 4HE4
£2.6M06/210.17 mi7, Codrington Mews, London, Greater London W11 2EH4
£16.0M09/220.2 mi71, Lansdowne Road, London, Greater London W11 2LG4
£1.2M09/230.21 mi14, Grenfell Road, London, Greater London W11 4BN4
£6.6M10/230.21 mi56, Lansdowne Road, London, Greater London W11 2LR4
£1.6M11/220.3 mi10, Alba Place, London, Greater London W11 1LQ4
£2.1M03/210.32 mi244, Portobello Road, London, Greater London W11 1LL4
£6.0M09/230.39 mi31, St James's Gardens, London, Greater London W11 4RF4
£3.1M12/230.4 mi42, Pottery Lane, London, Greater London W11 4LZ4
£3.5M05/210.4 mi54, Princedale Road, London, Greater London W11 4NL4
£4.7M04/210.42 mi34, Portland Road, London, Greater London W11 4LG4
£2.9M05/210.42 mi59, Portland Road, London, Greater London W11 4LJ4
£2.8M10/200.42 mi40, Princedale Road, London, Greater London W11 4NL4
£6.8M01/230.44 mi53, St James's Gardens, London, Greater London W11 4RA4
£1.8M11/210.44 mi132, Oxford Gardens, London, Greater London W10 6LZ4
£2.6M07/210.44 mi25, Finstock Road, London, Greater London W10 6LU4
£2.5M11/230.44 mi26, Finstock Road, London, Greater London W10 6LU4
£4.6M01/210.44 mi52, St James's Gardens, London, Greater London W11 4RA4
£3.0M12/230.45 mi2, Darnley Terrace, London, Greater London W11 4RL4
£2.9M10/220.45 mi6, Darnley Terrace, London, Greater London W11 4RL4
£1.7M06/210.46 mi147, Oxford Gardens, London, Greater London W10 6NE4
£2.3M10/210.46 mi58, Wallingford Avenue, London, Greater London W10 6PY4
£2.5M11/200.47 mi64, Wallingford Avenue, London, Greater London W10 6PY4
£5.1M03/210.47 mi12, St James's Gardens, London, Greater London W11 4RD4
£6.5M11/220.47 mi54, Addison Avenue, London, Greater London W11 4QP4
£6.7M07/230.49 mi111, Ledbury Road, London, Greater London W11 2AQ4
£6.7M07/230.49 mi111, Ledbury Road, London, Greater London W11 2AQ4
£6.5M03/210.5 mi107, Ledbury Road, London, Greater London W11 2AQ4
£4.5M07/230.5 mi31, Princedale Road, London, Greater London W11 4NW4
£6.4M06/210.5 mi11, Portland Road, London, Greater London W11 4LH4
£1.6M03/210.5 mi29, Wallingford Avenue, London, Greater London W10 6QA4
£8.1M09/210.51 mi44, Addison Avenue, London, Greater London W11 4QP4
£3.5M03/210.52 mi32, Queensdale Road, London, Greater London W11 4SA4
£2.4M05/210.53 mi36, Kelfield Gardens, London, Greater London W10 6NB4
£4.3M06/230.55 mi17, Chepstow Crescent, London, Greater London W11 3EA4
£10.0M11/200.56 mi16, Horbury Crescent, London, Greater London W11 3NF4
£1.9M10/230.56 mi60, Highlever Road, London, Greater London W10 6PT4
£1.8M06/210.58 mi65, Highlever Road, London, Greater London W10 6PR4
£2.1M03/210.58 mi53, Queensdale Road, London, Greater London W11 4SD4
£3.2M05/230.59 mi35, Ladbroke Road, London, Greater London W11 3PD4
£2.3M03/210.62 mi86, Highlever Road, London, Greater London W10 6PN4
£2.0M01/220.62 mi1, Pangbourne Avenue, London, Greater London W10 6DJ4
£8.5M04/210.62 mi32, Kensington Park Road, London, Greater London W11 3BU4
£1.2M05/230.64 mi2, Edenham Way, London, Greater London W10 5XA4
£13.0M11/200.65 mi19, Hillsleigh Road, London, Greater London W8 7LE4
£1.6M08/230.65 mi5, Pangbourne Avenue, London, Greater London W10 6DJ4
£5.8M02/230.65 mi26, Campden Hill Square, London, Greater London W8 7JY4
£4.9M03/210.66 mi7d, Pembridge Villas, London, Greater London W11 3EN4
£3.9M12/200.66 mi14, Northumberland Place, London, Greater London W2 5BS4
£4.3M04/210.66 mi21, Northumberland Place, London, Greater London W2 5BS4

Local Rents

50 rents from £3K/mo to £21.7K/mo, average is £8.7K/mo.

RentDateDistanceAddressBeds 
£3,10001/250.03 mi-3
£4,50002/250.03 mi-3
£9,98810/240.08 miSt Marks Place, Notting Hill W114
£3,25010/240.09 miNottingwood House, Notting Hill, London, W113
£3,49710/240.12 miLadbroke Grove, Notting Hill3
£3,75011/240.14 mi-3
£3,50010/240.16 mi-3
£7,99902/240.16 mi-4
£3,00004/250.18 mi-3
£3,79210/240.19 miArundel Gardens, Notting Hill W113
£21,45010/240.21 miElgin Crescent, London, W114
£11,99910/240.21 miLansdowne Crescent, Notting Hill, W113
£3,50010/240.23 miWalmer Road, Notting Hill, London, W113
£9,75010/240.23 miLansdowne Crescent, Notting Hill, London, W114
£9,75010/240.23 miKensington Park Road, W113
£9,75010/240.23 miKensington Park Road, London, W113
£9,75010/240.23 miKensington Park Road, London, W113
£9,75010/240.24 miKensington Park Road, W113
£9,75010/240.24 miKensington Park Road, Notting Hill, London, W113
£9,75010/240.24 miKensington Park Road, Notting Hill3
£9,75010/240.24 miLansdowne Crescent W113
£9,75010/240.24 miKensington Park Road, Notting Hill, W113
£9,75010/240.25 miKensington Park Road, Notting Hill, W113
£4,76710/240.25 miKensington Park Road, London, W113
£4,98310/240.26 miHippodrome Mews, London, W113
£4,98310/240.26 miHippodrome Mews, Holland Park, W113
£12,00010/240.27 miWestbourne Park Road, W113
£10,50010/240.27 miWestbourne Park Road, W113
£8,45010/240.28 miStanley Crescent, London, W11.3
£8,21210/240.29 miStanley Crescent, London, W113
£21,66710/240.3 miWalmer Road, London, W114
£5,59910/240.3 miScampston Mews, London, W103
£17,33310/240.32 miKensington Park Road, London, W113
£5,50010/240.33 miPrincedale Road London W113
£6,06710/240.34 miBassett Road, London, W103
£6,50010/240.35 miLancaster Road London W114
£4,76702/250.35 mi-3
£19,50010/240.36 miPortland Road London W114
£9,99710/240.36 miPortobello Road, Notting Hill4
£8,66710/240.36 miColville Gardens, Notting Hill, UK, W113
£4,00010/240.38 miColville Road , Notting Hill W113
£4,00010/240.38 miColville Road, Westbourne Park, W113
£11,26710/240.39 miFinstock Road, North Kensington, W105
£8,66710/240.39 miColville Gardens, Notting Hill, W113
£11,70010/240.39 miPrincedale Road, London4
£11,70010/240.39 miPrincedale Road, Holland Park, London, W115
£3,25010/240.39 miWestbourne Grove, London4
£6,50010/240.4 miMillwood Street, London, W103
£9,96710/240.4 miSt Helens Gardens, London, W104
£9,96710/240.41 miDenbigh Close, London, W113

Local Area Statistics

Population in W11

31,354

Population in London

4,771,921

Town centre distance

4.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.20 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+4%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £3,500,000

January 23, 2025

Floor Plans

Description

  • Four one-bedroom flats +
  • One unmodernised unit +
  • Freehold +
  • Garden +

This is a rare opportunity to acquire a freehold building over 2,560 sq ft with a large south-east facing private garden.

A stylishly presented freehold house laid out over five floors, comprising four one bedroom flats and a shell and core lower ground floor providing a development opportunity.

The property is currently arranged as five self-contained units. The upper four floors are four recently refurbished one-bedroom flats presented in immaculate condition. The lower ground floor is currently in shell and core condition in need of a full renovation.

Cornwall Crescent is a pretty, treelined address in the Ladbroke Conservation Area, located just off Ladbroke Grove, close to Portobello Road, Westbourne Grove and Notting Hill Gate. Local shops, excellent transport links and underground stations are located nearby.

Agent Details

Strutt & Parker, Notting Hill

020 3907 3392

Next Steps?

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