2 Bed Terraced House, Refurb/BRRR, London, W10 6JL, £950,000

Bassett Road, London, W10 6JL - 3 views - 2 months ago

Refurb/BRRR
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£540K - £7.5M
Sold Prices/m²£8.2K/m² - £28.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£13.9K/m²

Value Estimate

£703,720

 

 

End Value (After Refurb)

£919,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£237,500

Stamp Duty & Legal Fees

£65,950

Refurb Costs

£35,963

Bridging Loan Interest

£24,938

Total Cash In

£366,100

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£919,750

Mortgage (After Refinance)

£689,813

Mortgage LTV

75%

Cash Left In

£366,100

Equity

£229,938

Rent Range

£1,997 - £6,500

Rent Estimate

£3,284

Running Costs/mo

£3,551

Cashflow/mo

£-267

Cashflow/yr

£-3,204

Gross Yield

4%

Local Sold Prices

50 sold prices from £540K to £7.5M, average is £842.5K. £8.2K/m² to £28.5K/m², average is £11.2K/m².

PriceDateDistanceAddressBeds 
£1.4M01/210.09 miThe Cottage, Millwood Street, London, Greater London W10 6EH2
£7.5M08/230.13 mi14, Bassett Road, London, Greater London W10 6JJ2
£985K01/210.26 mi44, Hewer Street, London, Greater London W10 6DU2
£636K09/230.32 mi9, Charlotte Mews, London, Greater London W10 6UJ2
£1.8M11/220.33 mi58, Highlever Road, London, Greater London W10 6PT2
£830K05/210.41 mi3, Snarsgate Street, London, Greater London W10 6QP2
£675K11/230.41 mi5, Snarsgate Street, London, Greater London W10 6QP2
£1.3M03/230.45 mi26, Treadgold Street, London, Greater London W11 4BP2
£1.6M04/240.47 mi11, Dunworth Mews, London, Greater London W11 1LE2
£1.1M01/230.51 mi20, Stoneleigh Place, London, Greater London W11 4DT2
£1.7M05/210.53 mi15, St Lukes Mews, London, Greater London W11 1DF2
£2.3M04/210.56 mi14a, St Lukes Road, London, Greater London W11 1DP2
£955K03/210.62 mi2, Hippodrome Place, London, Greater London W11 4NG2
£870K03/210.66 mi4, Galton Street, London, Greater London W10 4QN2
£540K02/240.66 mi157, Bentworth Road, London, Greater London W12 7AB2
£690K03/210.67 mi35, Sixth Avenue, London, Greater London W10 4HB2
£675K10/200.67 mi41, Sixth Avenue, London, Greater London W10 4HB2
£718K03/240.68 mi24, Alperton Street, London, Greater London W10 4NQ2
£905K09/220.68 mi14, Enbrook Street, London, Greater London W10 4SF2
£815K12/200.68 mi1, Second Avenue, London, Greater London W10 4RN2
£690K09/210.68 mi48, Huxley Street, London, Greater London W10 4QQ2
£866K06/210.7 mi41, Huxley Street, London, Greater London W10 4QQ2
£790K10/220.7 mi37, Barfett Street, London, Greater London W10 4NP2
£555K04/230.71 mi44b, Portnall Road, London, Greater London W9 3BD2
£1.6M09/230.72 mi3, Denbigh Close, London, Greater London W11 2QH2
£703K04/240.72 mi56, First Avenue, London, Greater London W10 4NL2
£760K11/200.74 mi164, Ilbert Street, London, Greater London W10 4QD2
£760K08/230.75 mi98, Kilravock Street, London, Greater London W10 4HZ2
£2.3M10/200.76 mi4a, Wellington Close, London, Greater London W11 2AN2
£2.2M10/200.76 mi1, Ledbury Mews West, London, Greater London W11 2AE2
£895K08/230.77 mi75, Kilravock Street, London, Greater London W10 4HY2
£955K02/210.78 mi10, Shrewsbury Mews, London, Greater London W2 5PN2
£730K04/240.78 mi76, Lothrop Street, London, Greater London W10 4JD2
£745K12/220.78 mi83, Lothrop Street, London, Greater London W10 4JD2
£850K12/200.79 mi253, Peach Road, London, Greater London W10 4DX2
£703K06/210.79 mi62, Lothrop Street, London, Greater London W10 4JD2
£955K02/230.79 mi172, Peach Road, London, Greater London W10 4DY2
£1.8M12/220.79 mi1, Ledbury Mews North, London, Greater London W11 2AF2
£760K10/220.8 mi37, Lothrop Street, London, Greater London W10 4JB2
£785K04/230.8 mi45, Lothrop Street, London, Greater London W10 4JB2
£750K06/210.8 mi9, Lothrop Street, London, Greater London W10 4JB2
£712.5K10/200.8 mi23, Lothrop Street, London, Greater London W10 4JB2
£960K11/220.8 mi156, Peach Road, London, Greater London W10 4DY2
£1.4M05/210.8 miSecond And Third Floor Maisonette, 27, Sutherland Place, London, Greater London W2 5BZ2
£1.4M04/240.8 mi27, Ground Floor And Basement Flat, Sutherland Place, London, Greater London W2 5BZ2
£690K01/210.81 mi76, Kilburn Lane, London, Greater London W10 4AH2
£835K12/200.81 mi46, Kilburn Lane, London, Greater London W10 4AH2
£670K10/210.81 mi69, Marne Street, London, Greater London W10 4JF2
£725K10/230.81 mi59, Marne Street, London, Greater London W10 4JF2
£1.4M09/220.82 mi1, Queensdale Walk, London, Greater London W11 4QQ2

Local Rents

50 rents from £2K/mo to £6.5K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£3,46710/240.04 miChesterton Road, North Kensington, W102
£4,11710/240.04 miChesterton Road, North Kensington, W102
£2,60010/240.05 miOxford Gardens, London, W102
£2,60010/240.06 miOxford Gardens, Ladbroke Grove, London, W102
£6,28310/240.07 miSt Charles Square, London, W102
£3,00010/240.08 miOxford Gardens, London, W102
£2,75010/240.1 miBassett Road, London, W102
£3,97503/250.12 mi-2
£2,70010/240.12 miOxford Gardens, London, W102
£2,94710/240.12 miChesterton Road, Ladbroke Grove W102
£2,14510/240.12 miChesterton Road, Ladbroke Grove W102
£3,14212/240.12 mi-2
£2,50010/240.13 miCambridge Gardens, London, W102
£2,25010/240.14 miSt. Charles Square, North Kensington, W102
£4,11710/240.14 miChesterton Road, North Kensington, W102
£2,35004/250.17 mi-2
£3,44510/240.17 miSt Helens Gardens, London, W102
£2,65003/250.18 mi-2
£3,50010/240.19 mi-2
£5,70010/240.19 miLadbroke Grove, London, W102
£2,14510/240.2 miLadbroke Grove, Ladbroke Grove W102
£2,99910/240.2 miSt. Quintin Avenue, London2
£6,50010/240.22 miWallingford Avenue, London, W102
£1,99810/240.24 miSt. Lawrence Terrace, London2
£3,25010/240.24 miSt Lawrence Terrace, Ladbroke Grove, London, W102
£2,50010/240.24 miCambridge Gardens London W102
£2,60010/240.24 miWesley Square, London, W112
£4,50011/240.26 mi-2
£4,50011/240.26 mi-2
£4,50011/240.26 mi-2
£5,00001/250.26 mi-2
£3,40010/240.27 miHewer Street, London, W102
£3,40010/240.27 miHewer Street, London, W102
£3,25010/240.28 miLadbroke Grove, Ladbroke Grove W102
£2,38310/240.29 mi-2
£2,47002/250.29 mi-2
£3,25010/240.29 miLadbroke Grove, London, W102
£1,99712/240.29 mi-2
£2,79910/240.3 miLadbroke Crescent, London, W112
£3,35810/240.31 miFaraday Road, London, W102
£3,00010/240.31 miFaraday Road London W102
£2,60012/240.32 mi-2
£2,80010/240.32 miOxford Gardens, London, W102
£3,00002/240.33 mi-2
£3,79210/240.33 miCornwall Crescent, Notting Hill, W112
£2,49610/240.34 miSt. Quintin Avenue, London2
£2,60010/240.34 miThe Ink Building, Barlby Road, North Kensington, London, Royal Borough of Kensington and Chelsea, W102
£2,86010/240.34 miLancaster Road, Ladbroke Grove w112
£3,10010/240.34 mi17, Faraday Road, London, W102
£2,50010/240.34 miSt Quintin Avenue, North Kensington, London, W102

Local Area Statistics

Population in W10

33,638

Population in London

4,771,921

Town centre distance

4.75 miles away

Nearest school

0.10 miles away

Nearest train station

0.22 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-13%

Sales demand

Buyer's market

Capital growth (5yrs)

+4%

Property History

Listed for £950,000

January 30, 2025

Floor Plans

Description

  • Victorian Villa +
  • Close to Portobello and Golborne Roads +
  • In need of updating +
  • Share of Freehold +

A grand raised ground-floor apartment on North Kensington’s, W10 most admired street. This handsome Victorian Villa bookends the elegant terrace of Bassett Road and benefits from a bright south west facing corner plot. The home occupies the left hand side of the raised ground and affords the home multiple aspects, filling the voluminous rooms with light and views beyond. The bay windowed reception has strikingly high ceilings and a statement fireplace and further benefits from two generously sized bedrooms, bathroom and separate kitchen. For many years it has been a happy rental home for it’s tenants and is now at a point where it would benefit from some cosmetic updating to create an exceptional dwelling on this sought after street.

EPC Rating: D

Agent Details

Rigby & Marchant, North Kensington

020 3910 6761

Next Steps?

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