2 Bed Flat, Refurb/BRRR, London, W2 6DH £1,750,000

Cleveland Square, London, W2 6DH - 5 views - 9 months ago
Refurb/BRRR
~68 m²
Property image

ValuationOvervalued

Sold Prices£200K - £5.0M
Sold Prices/m²£6.8K/m² - £36.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£25.7K/m²

Value Estimate

£806,177

 

 

End Value (After Refurb)

£1,750,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£437,500

Stamp Duty & Legal Fees

£174,950

Refurb Costs

£36,064

Bridging Loan Interest

£45,938

Total Cash In

£696,202

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,750,000

Mortgage (After Refinance)

£1,312,500

Mortgage LTV

75%

Cash Left In

£696,202

Equity

£437,500

Rent Range

£1,292 - £5,997

Rent Estimate

£3,448

Running Costs/mo

£6,178

Cashflow/mo

£-2,730

Cashflow/yr

£-32,764

Gross Yield

2%

Local Sold Prices

50 sold prices from £200K to £5.0M, average is £832.5K. £6.8K/m² to £36.3K/m², average is £11.6K/m².

Price
Date
Distance
Address
Beds
 
£1.3M01/250.05 mi53, Basement Flat, Cleveland Square, London W2 6DB2
£925.1K08/250.08 mi37, Gloucester Mews, London W2 3HE2
£770K03/230.08 miBasement Flat, 98, Westbourne Terrace, London, Greater London W2 6QE2
£812K07/250.08 miGround Floor Flat, 105, Gloucester Terrace, London W2 3HB2
£760K04/240.09 mi67, Flat C, Queens Gardens, London, Greater London W2 3AH2
£880K03/250.11 miBasement, 25, Queen's Gardens, Bayswater, London W2 3BD2
£450K06/250.11 mi15, Gloucester Mews, London W2 3HE2
£450K06/250.11 mi15, Gloucester Mews, London W2 3HE2
£877K12/230.13 mi71c, Westbourne Terrace, London, Greater London W2 3UY2
£500K11/230.15 miWinchester House, 68, Hallfield Estate, London W2 6EB2
£512K11/210.17 miFlat 68, Exeter House, Hallfield Estate, London, Greater London W2 6EN2
£845K06/210.18 miThird Floor Flat, 28, Westbourne Terrace, London, Greater London W2 3UP2
£341.3K02/250.18 miForbes House, Flat 24, Gloucester Terrace, London W2 3DA2
£840K08/250.21 miFlat 45, 13 16 Corringham, Craven Hill Gardens, London W2 3EH2
£545K10/230.22 mi22, Gloucester Terrace, London, Greater London W2 3DD2
£1.1M07/230.26 mi169b, Porchester Terrace North, London, Greater London W2 6BJ2
£555K05/230.26 mi169d, Porchester Terrace North, London, Greater London W2 6BJ2
£820K01/250.28 mi6, Flat 3, Porchester Terrace, London W2 3TL2
£5.0M02/250.29 mi159, Apartment 501n, Queensway, London W2 4BL2
£685K12/210.35 mi13, Sussex Square, London, Greater London W2 2SL2
£900K07/210.35 mi55, Sussex Square, London, Greater London W2 2SR2
£550K04/250.37 miFlat 7a, Queens Court, Queensway, London W2 4QN2
£200K02/230.37 miFlat 132a, Queens Court, Queensway, London, Greater London W2 4QS2
£875K03/250.38 miBasement Flat, 59, Kensington Gardens Square, London W2 4BA2
£455K08/230.4 miFlat C, 9, Westbourne Grove Terrace, London, Greater London W2 5SD2
£2.2M01/250.41 mi7, Radnor Mews, London, Greater London W2 2SA2
£1.4M01/250.44 mi27c, Westbourne Park Road, London W2 5PX2
£1.2M09/210.44 mi27, Westbourne Park Road, London W2 5PX2
£2.9M08/210.46 miFirst Floor Flat, 35, Blomfield Road, London, Greater London W9 2PF2
£850K05/230.49 miPeninsula Apartments, Third Floor Flat 1, Praed Street, London W2 1JE2
£650K09/230.51 miThird Floor Flat, 2, Leinster Square, London, Greater London W2 4PL2
£825K10/210.52 mi61, The Quadrangle, London, Greater London W2 2RR2
£1.1M06/230.53 miFlat 4, Saxon Hall, Palace Court, London, Greater London W2 4JA2
£755K06/210.55 mi7a, Palace Court, London, Greater London W2 4LP2
£600K04/240.6 miThe Water Gardens, 301, Burwood Place, London W2 2DQ2
£996K04/250.61 miFlat 42, 1 The Westbourne, Artesian Road, London W2 5DL2
£525K08/250.63 mi243, The Water Gardens, Burwood Place, London W2 2DG2
£1.5M07/210.63 miUpper Maisonette, 8, Clarendon Gardens, London, Greater London W9 1AY2
£575K06/210.65 miFlat 157, Park West, Edgware Road, London, Greater London W2 2QP2
£870K06/250.65 miFlat 5, 83, Linden Gardens, London W2 4EU2
£870K06/250.65 miFlat 5, 83, Linden Gardens, London W2 4EU2
£900K08/250.66 miFlat 5, 61, Linden Gardens, London W2 4HJ2
£550K09/230.66 mi11c, Penfold Street, London, Greater London NW1 6RU2
£750K06/250.68 mi4, Kendal Steps, St George's Fields, London W2 2YE2
£750K06/250.68 mi4, Kendal Steps, St George's Fields, London W2 2YE2
£3.8M12/210.68 mi31, Pembridge Villas, London W11 3EP2
£565K08/250.68 miFlat 7, Cunningham Court, Maida Vale, London W9 1AE2
£1.4M04/250.69 mi2b, Randolph Crescent, London W9 1DR2
£985K01/250.69 mi6, Basement Flat, Warrington Crescent, London W9 1EL2
£1.6M06/210.7 mi28a, Pembridge Villas, London, Greater London W11 3EL2

Local Rents

50 rents from £1.3K/mo to £6K/mo, average is £3.3K/mo.

Rent
Date
Distance
Address
Beds
 
£2,99910/240 miCleveland Square, Paddington, W22
£2,95005/250.01 mi-2
£3,49710/250.01 miCleveland Square, Bayswater2
£2,49611/250.01 miCleveland Square, Hyde Park, W22
£3,68311/250.02 miGloucester Mews West, London, W22
£4,50011/250.02 miCleveland Square, London, W22
£5,99709/250.02 miChilworth Street, London, W22
£3,00008/250.03 miGloucester Terrace, London, W22
£3,00007/250.03 miGloucester Terrace, London, W22
£3,25009/250.03 miCleveland Square, Bayswater, London, W22
£3,38008/250.03 miGloucester Terrace, Paddington, London, W22
£3,20010/240.03 miPaddington, London, W22
£3,35008/250.03 miGloucester Terrace, London, W22
£3,35009/250.03 miGloucester Terrace, Notting Hill2
£1,29205/250.04 miCleveland Square, London2
£3,46709/250.04 miDevonshire Terrace, Bayswater, London, W2.2
£3,46610/250.04 miDevonshire Terrace, Bayswater, London, W2.2
£3,15006/250.04 miGloucester Terrace, Bayswater, W22
£4,11608/250.04 miGloucester Terrace, London, W22
£3,35009/250.04 miGloucester Terrace, London, W22
£3,49503/250.04 mi-2
£3,90005/250.04 mi-2
£3,10006/250.04 miGloucester Terrace, Bayswater, W22
£3,10006/250.04 miGloucester Terrace, Bayswater, W22
£3,10007/250.04 miGloucester Terrace, Bayswater, W22
£3,25009/250.04 miGloucester Terrace, Bayswater, London, W22
£3,01210/240.04 miGloucester Terrace, Lancaster Gate, London, W22
£2,75011/250.04 miGloucester Terrace, Paddington, London, W22
£3,25011/250.04 miGloucester Terrace, Paddington, London, W22
£2,99808/250.04 miGloucester Terrace, Hyde Park2
£2,40010/250.05 miChilworth Street, London, W22
£2,40011/250.05 miChilworth Street, Paddington, London2
£2,80010/250.05 miCleveland Square, London, W22
£2,80010/250.05 mi-2
£3,30006/250.05 miGloucester Terrace, London, W22
£3,01210/240.05 miGloucester Terrace, London, W22
£4,09510/250.05 miGloucester Terrace, London, W2.2
£2,87501/250.05 mi-2
£3,10011/250.05 miGloucester Terrace, W22
£5,41710/240.05 miCleveland Square, London, W22
£3,46010/240.05 mi-2
£3,41010/240.05 mi-2
£3,46010/240.05 mi-2
£4,25010/240.05 mi-2
£4,25006/250.05 mi-2
£3,41010/240.05 miGloucester Terrace, London, W22
£3,46010/240.05 miGloucester Terrace, London, W22
£3,25010/240.05 miCleveland Gardens, Hyde Park2
£4,79711/250.05 miCleveland Square, Bayswater, W22
£4,49811/250.05 miCleveland Square, Bayswater, W22

Local Area Statistics

Population in W2

47,574

Population in London

4,771,921

Town centre distance

3.38 miles away

Nearest school

0.20 miles away

Nearest train station

0.26 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-12%

Sales demand

Buyer's market

Capital growth (5yrs)

-4%

Property History

Listed for £1,750,000

February 11, 2025

Floor Plans

Property image

Description

  • Grand dining and reception room +
  • Galley kitchen +
  • Private entrance +
  • Principal bedroom suite with fitted storage +
  • Guest bedroom with en suite shower +
  • Utility space +
  • Cloakroom +
  • Communal garden access +
  • City of Westminster +

Looking across one of London’s most pristine garden squares, a grand street sits composed of stucco-fronted façades. Originally built in the mid-1800’s by William Frederick Cleveland, this classic square vaunts tree-shaded spots, pillared porches and a manicured central garden.
Beyond a rare private entrance on the ground floor, an apartment has been conceived with sensitive modernisations. An impressive sense of space instantly captivates, with lofty walls and a barrel-vaulted ceiling lit by Shadow LED lighting.
Double doors draw back to the reception room – a social setting with a sense of grandeur. Conducive to switching off, two towering sash windows stretch to the ceiling and bathe solid maple floors in natural light. Limestone shelving adorns the palatial proportions, offering a streamlined solution for storage or artwork. Elsewhere, discover a cleverly conceived galley kitchen designed to maximise the apartment’s footprint. Fashioned from stained oak cabinetry and Corian worktops, there’s a sense of sophistication to culinary endeavours here. Integrated NEFF appliances and a convenient utility area complete a functionality-focused set up.
Located to the rear of the apartment, a substantial skylight instils a calming quality to the principal bedroom suite. Alongside a remote controlled blackout blind, dimmer switches throughout offer an effortless versatility to the lighting. Spotlights draw attention to a wall of fitted wardrobes, while a sash window filters light across a built-in bench—perfect for perching or storing vanity items. Around the corner, ceramic stone tiles envelop the en suite bathroom featuring a shower, bathtub, and dual vanity. The second bedroom continues the pared-back palette, brightly lit by a tall window. An alcove creates a perfect spot for a TV, while a glass door slides back to reveal an en suite shower.
The apartment additionally benefits from access to Cleveland Square garden, a sprawling private lawn for residents of the square.

Built in the mid-1800s, Cleveland Square is one of London’s most sought-after gated gardens. Bordered on three sides by mature trees, this peaceful space is a stone’s throw from some of the area’s best offerings. For relaxation, the Six Senses Spa at the nearby Whiteley’s development will be the UK’s first. For dining and retail therapy, head to Westbourne Grove. Enjoy brunch at Sunday in Brooklyn, then browse the rails at Reformation and Sézane. Round off the day with drinks at local favourite The Cleveland Arms. Paddington Station is also just five minutes from your front door, allowing for quick access to the city and beyond.

Paddington – 5 mins (Circle, District, Elizabeth, GWR, Hammersmith & City, Heathrow Express)

Agent Details

Domus Nova, London

020 3834 8726

Next Steps?

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