2 Bed Flat, Refurb/BRRR, London, W2 6EG, £325,000

Caernarvon House, Hallfield Estate, London, W2 6EG - 43 views - 3 months ago

Leasehold

Refurb/BRRR

ROI: 3%

~68 m²

+3 photos

ValuationUndervalued

Sold Prices	£200K - £3.9M
Sold Prices/m²	£2.9K/m² - £27.6K/m²

Square Metres	~68.11 m²
Price/m²	£4.8K/m²
Value Estimate	£334,750£334,750
BMV	3%

End Value (After Refurb)	£710,559£710,559
Uplift in Value	+119%+119%
You could potentially get back more cash than you put into this deal. All your cash out plus £146,873 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£81,250£81,250
Stamp Duty & Legal Fees	£14,700£14,700
Refurb Costs	£36,064£36,064
Bridging Loan Interest	£8,531£8,531
Total Cash In	£142,296£142,296

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£710,559£710,559
Agent Fees (1%)	£7,106£7,106
Bridging Loan	£243,750£243,750
Bridging Loan Interest	£8,531£8,531
Flip Profit	£317,408£317,408

Local Sold Prices

50 sold prices from £200K to £3.9M, average is £777.5K. £2.9K/m² to £27.6K/m², average is £11.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£512K	11/21	0.04 mi	Flat 68, Exeter House, Hallfield Estate, London, Greater London W2 6EN	-	-	2	Flat
£550K	03/21	0.07 mi	Flat 11, Tenby House, Hallfield Estate, London, Greater London W2 6ED	£8,594	64	2	Flat
£1.1M	07/23	0.11 mi	169b, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£555K	05/23	0.11 mi	169d, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£1.1M	12/20	0.14 mi	133, Gloucester Terrace, London, Greater London W2 6DX	-	-	2	Flat
£770K	03/23	0.14 mi	Basement Flat, 98, Westbourne Terrace, London, Greater London W2 6QE	£7,333	105	2	Flat
£760K	04/24	0.24 mi	67, Flat C, Queens Gardens, London, Greater London W2 3AH	£13,818	55	2	Flat
£877K	12/23	0.25 mi	71c, Westbourne Terrace, London, Greater London W2 3UY	£8,598	102	2	Flat
£750K	03/21	0.26 mi	39a, Queens Gardens, London, Greater London W2 3AA	£10,417	72	2	Flat
£1.2M	09/21	0.27 mi	27c, Westbourne Park Road, London, Greater London W2 5PX	-	-	2	Flat
£455K	08/23	0.28 mi	Flat C, 9, Westbourne Grove Terrace, London, Greater London W2 5SD	£6,791	67	2	Flat
£845K	06/21	0.33 mi	Third Floor Flat, 28, Westbourne Terrace, London, Greater London W2 3UP	-	-	2	Flat
£2.9M	08/21	0.34 mi	First Floor Flat, 35, Blomfield Road, London, Greater London W9 2PF	£16,765	170	2	Flat
£1.2M	12/20	0.36 mi	14c, Westbourne Crescent, London, Greater London W2 3DB	-	-	2	Flat
£1.1M	03/21	0.37 mi	Flat C, 35, Leinster Square, London, Greater London W2 4NQ	-	-	2	Flat
£545K	10/23	0.38 mi	22, Gloucester Terrace, London, Greater London W2 3DD	-	-	2	Flat
£200K	02/23	0.41 mi	Flat 132a, Queens Court, Queensway, London, Greater London W2 4QS	-	-	2	Flat
£700K	01/21	0.42 mi	Flat 14a, Queens Court, Queensway, London, Greater London W2 4QN	-	-	2	Flat
£775K	03/21	0.43 mi	66c, Hereford Road, London, Greater London W2 5AJ	-	-	2	Flat
£650K	09/23	0.43 mi	Third Floor Flat, 2, Leinster Square, London, Greater London W2 4PL	-	-	2	Flat
£685K	12/21	0.49 mi	13, Sussex Square, London, Greater London W2 2SL	£9,133	75	2	Flat
£900K	07/21	0.49 mi	55, Sussex Square, London, Greater London W2 2SR	£11,842	76	2	Flat
£707K	03/21	0.5 mi	Ground Floor Flat, 8, Sussex Place, London, Greater London W2 2TP	£2,948	240	2	Flat
£780K	01/21	0.53 mi	4a, Norfolk Place, London, Greater London W2 1QN	£10,986	71	2	Flat
£650K	01/21	0.53 mi	30, Radnor Mews, London, Greater London W2 2SA	-	-	2	Flat
£1.1M	06/23	0.53 mi	Flat 4, Saxon Hall, Palace Court, London, Greater London W2 4JA	-	-	2	Flat
£1.5M	07/21	0.54 mi	Upper Maisonette, 8, Clarendon Gardens, London, Greater London W9 1AY	-	-	2	Flat
£3.9M	04/21	0.55 mi	2, Artesian Road, London, Greater London W2 5AP	£27,566	141	2	Flat
£755K	06/21	0.55 mi	7a, Palace Court, London, Greater London W2 4LP	£8,032	94	2	Flat
£2.2M	09/23	0.58 mi	Basement Flat, 22, Warrington Crescent, London, Greater London W9 1EL	£18,542	120	2	Flat
£2.1M	09/23	0.58 mi	Ground Floor Flat, 22, Warrington Crescent, London, Greater London W9 1EL	-	-	2	Flat
£550K	09/23	0.59 mi	Basement Flat, 12a, Shrewsbury Road, London, Greater London W2 5PR	-	-	2	Flat
£1.5M	06/24	0.6 mi	21b, Randolph Crescent, London, Greater London W9 1DP	£15,361	97	2	Flat
£545K	07/21	0.61 mi	Flat 24, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£525K	09/23	0.61 mi	Flat 16, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£632K	05/21	0.62 mi	Ground Floor Flat, 21, Moorhouse Road, London, Greater London W2 5DH	£12,898	49	2	Flat
£555K	09/21	0.62 mi	Flat 29, Hunter Lodge, Admiral Walk, London, Greater London W9 3TQ	-	-	2	Flat
£555K	11/20	0.62 mi	Flat 1, Larch Court, Admiral Walk, London, Greater London W9 3UA	-	-	2	Flat
£1.6M	06/21	0.63 mi	28a, Pembridge Villas, London, Greater London W11 3EL	£18,396	89	2	Flat
£825K	10/21	0.63 mi	61, The Quadrangle, London, Greater London W2 2RR	£8,777	94	2	Flat
£1.7M	03/23	0.64 mi	47e, Randolph Avenue, London, Greater London W9 1BQ	-	-	2	Flat
£980K	03/24	0.64 mi	66a, Shirland Road, London, Greater London W9 2EH	-	-	2	Flat
£625K	03/21	0.65 mi	50b, Randolph Avenue, London, Greater London W9 1BE	-	-	2	Flat
£540K	06/21	0.66 mi	Flat 37, Swallow Court, Admiral Walk, London, Greater London W9 3TX	-	-	2	Flat
£1.2M	06/21	0.66 mi	Flat 29, Clifton Court, Northwick Terrace, London, Greater London NW8 8HT	-	-	2	Flat
£2.2M	12/23	0.67 mi	84c, Ledbury Road, London, Greater London W11 2AH	£21,881	101	2	Flat
£780K	03/23	0.67 mi	Flat 32, Delaware Mansions, Delaware Road, London, Greater London W9 2LH	-	-	2	Flat
£980K	09/21	0.67 mi	Flat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£1.0M	08/21	0.67 mi	Flat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£535K	06/21	0.67 mi	Ground Floor Flat, 85, Shirland Road, London, Greater London W9 2EL	£11,630	46	2	Flat

Local Rents

50 rents from £2.1K/mo to £7.2K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,550	10/24	0.07 mi	-	2	Flat
£3,358	10/24	0.08 mi	Westbourne Terrace Mews Bayswater W2	2	Flat
£5,633	10/24	0.08 mi	Westbourne Terrace Mews, Bayswater, London, W2	2	Flat
£3,950	01/25	0.08 mi	-	2	Flat
£4,100	02/24	0.09 mi	-	2	Flat
£3,000	02/25	0.11 mi	-	2	Flat
£3,250	10/24	0.11 mi	Cleveland Gardens, Hyde Park	2	Flat
£3,000	10/24	0.11 mi	-	2	Flat
£2,968	10/24	0.11 mi	Bishops Bridge Road, Paddington W2	2	Flat
£3,449	10/24	0.11 mi	Bishops Bridge Road, London, W2	2	Flat
£2,650	10/24	0.11 mi	-	2	Flat
£2,650	10/24	0.11 mi	-	2	Flat
£2,550	03/25	0.11 mi	-	2	Flat
£2,550	03/25	0.11 mi	-	2	Flat
£2,900	10/24	0.12 mi	-	2	Flat
£2,900	10/24	0.12 mi	Gloucester Terrace, London, W2	2	Flat
£2,650	10/24	0.12 mi	-	2	Flat
£3,049	10/24	0.12 mi	-	2	Flat
£2,950	10/24	0.12 mi	-	2	Flat
£3,012	10/24	0.12 mi	Gloucester Terrace, London, W2	2	Flat
£7,150	10/24	0.12 mi	Cleveland Terrace, Hyde Park, W2	2	Flat
£3,800	10/24	0.12 mi	-	2	Flat
£3,500	01/25	0.13 mi	-	2	Flat
£2,275	10/24	0.13 mi	Cranleigh Court, Leinster Gardens, London, W2	2	Flat
£2,450	02/24	0.13 mi	-	2	Flat
£4,500	10/24	0.13 mi	-	2	Flat
£3,495	03/25	0.14 mi	-	2	Flat
£3,900	04/25	0.14 mi	-	2	Flat
£5,300	10/24	0.14 mi	-	2	Flat
£2,500	10/24	0.14 mi	Westbourne Terrace, London, W2	2	Flat
£2,100	11/24	0.15 mi	-	2	Flat
£2,100	11/24	0.15 mi	-	2	Flat
£2,100	11/24	0.15 mi	-	2	Flat
£3,012	10/24	0.15 mi	Gloucester Terrace, Lancaster Gate, London, W2	2	Flat
£2,950	04/25	0.16 mi	-	2	Flat
£2,875	01/25	0.16 mi	-	2	Flat
£3,200	10/24	0.16 mi	Paddington, London, W2	2	Flat
£2,492	10/24	0.16 mi	The Colonnades, 34 Porchester Square, W2	2	Flat
£2,999	10/24	0.16 mi	Cleveland Square, Paddington, W2	2	Flat
£2,492	10/24	0.16 mi	Westbourne Terrace, Lancaster Gate, W2	2	Flat
£3,952	10/24	0.17 mi	Westbourne Terrace Bayswater W2	2	Flat
£2,847	10/24	0.17 mi	Leinster Gardens, London	2	Flat
£2,834	10/24	0.17 mi	Porchester Square, London, W2	2	Flat
£4,333	10/24	0.17 mi	Inverness Terrace, London	2	Flat
£5,417	10/24	0.18 mi	Cleveland Square, London, W2	2	Flat
£2,800	02/25	0.18 mi	-	2	Flat
£2,925	10/24	0.18 mi	-	2	Flat
£3,250	10/24	0.18 mi	Leinster Gardens, London, W2	2	Flat
£3,467	10/24	0.18 mi	Peters Court, Porchester Road, London, W2	2	Flat
£2,500	04/25	0.18 mi	-	2	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	3.45 miles away3.45 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.24 miles away0.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+20%+20%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-15%-15%

Property History

Listed for £325,000

February 7, 2025

Floor Plans

Description

Offers to be received in writing by Friday 7th March by 12 noon, please contact the office for details.

Arranged over the first floor of this purpose built block set in the heart of Bayswater, the property spans 774sq feet and comprises of a spacious entrance hallway, reception room, fully fitted kitchen, two good sized double bedrooms and a house bathroom. The property offers huge scope for modernisation.

Caernavon house is perfectly located for all Paddington, Bayswater and Queensway have to offer from a large Waitrose Store to The Whiteley. Excellent transport link with the Bakerloo, Circle, District and Hammersmith lines and also Paddington Train Station all within close proximity.

- Virtual Viewing Possible
- Period
- Character
- Westminster Parking Permit may be applied for
- Lease Length - 54 years
- Service Charge - £2,352.10 per annum
- Ground Rent - £90.00 per annum

Agent Details

Onslows Estate Agents, London

020 3907 3669

Next Steps?

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

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