2 Bed Terraced House, Single Let, London, W2 3BX, £480,000

Craven Road, Bayswater, W2 3BX - 2 months ago

Leasehold

BTL

ROI: 4%

~50 m²

+16 photos

ValuationUndervalued

Sold Prices	£652K - £6.8M
Sold Prices/m²	£11.9K/m² - £36.8K/m²

Square Metres	~49.80 m²
Price/m²	£9.6K/m²
Value Estimate	£576,000£576,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£120,000£120,000
Stamp Duty & Legal Fees	£39,200£39,200
Total Cash In	£159,200£159,200

Cash Out
Rent Range	£2,249 - £8,300£2,249 - £8,300
Rent Estimate	£2,589
Running Costs/mo	£2,038£2,038
Cashflow/mo	£551£551
Cashflow/yr	£6,614£6,614
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

38 sold prices from £652K to £6.8M, average is £1.6M. £11.9K/m² to £36.8K/m², average is £17.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.3M	10/22	0.1 mi	11, Craven Hill Mews, London, Greater London W2 3DY	£12,887	97	2	Terraced House
£1.5M	08/21	0.11 mi	Flat E, 17, Lancaster Gate, London, Greater London W2 3LH	£14,201	106	2	Terraced House
£1.2M	11/21	0.13 mi	31, Conduit Mews, London, Greater London W2 3RE	£17,470	66	2	Terraced House
£925K	10/23	0.13 mi	12b, Queens Gardens, London, Greater London W2 3BA	-	-	2	Terraced House
£1.5M	12/22	0.17 mi	2, Gloucester Mews West, London, Greater London W2 6DY	-	-	2	Terraced House
£1.8M	08/21	0.2 mi	89, Eastbourne Mews, London, Greater London W2 6LQ	£13,235	136	2	Terraced House
£1.4M	12/23	0.27 mi	3, Sussex Mews East, London, Greater London W2 2TS	£17,284	81	2	Terraced House
£1.3M	08/22	0.3 mi	17, Queensborough Mews, London, Greater London W2 3SG	£22,034	59	2	Terraced House
£1.8M	06/21	0.31 mi	40, Radnor Mews, London, Greater London W2 2SA	£14,120	125	2	Terraced House
£1.6M	11/23	0.5 mi	23, St Petersburgh Mews, London, Greater London W2 4JT	£19,938	80	2	Terraced House
£2.3M	09/23	0.53 mi	16, Star Street, London, Greater London W2 1QD	-	-	2	Terraced House
£1.8M	11/23	0.53 mi	10, Junction Mews, London, Greater London W2 1PN	£12,766	141	2	Terraced House
£1.6M	12/21	0.6 mi	Junction House, Blomfield Road, London, Greater London W9 1AB	£14,904	104	2	Detached House
£2.0M	02/21	0.61 mi	27, Archery Close, London, Greater London W2 2BE	£15,625	128	2	Terraced House
£6.8M	02/23	0.64 mi	8, Monmouth Road, London, Greater London W2 5SB	£36,828	186	2	Semi-Detached House
£3.5M	11/22	0.64 mi	10, Monmouth Road, London, Greater London W2 5SB	£21,472	163	2	Terraced House
£3.1M	12/22	0.67 mi	9, Molyneux Street, London, Greater London W1H 5HP	£15,196	204	2	Terraced House
£5.8M	09/23	0.7 mi	44, Chepstow Place, London, Greater London W2 4TA	-	-	2	Terraced House
£1.6M	12/22	0.73 mi	13, Bridstow Place, London, Greater London W2 5AE	£24,341	65	2	Terraced House
£800K	03/21	0.73 mi	26, Bridstow Place, London, Greater London W2 5AE	£11,940	67	2	Terraced House
£905K	09/21	0.74 mi	25a, Harcourt Street, London, Greater London W1H 4HN	£14,141	64	2	Terraced House
£700K	07/22	0.74 mi	47e, Warwick Avenue, London, Greater London W9 2PR	-	-	2	Terraced House
£2.0M	05/21	0.77 mi	6, Linden Mews, London, Greater London W2 4HE	£17,857	112	2	Terraced House
£1.4M	06/23	0.78 mi	11, Wythburn Place, London, Greater London W1H 7BU	£20,352	71	2	Terraced House
£1.4M	05/21	0.81 mi	Second And Third Floor Maisonette, 27, Sutherland Place, London, Greater London W2 5BZ	-	-	2	Terraced House
£1.4M	04/24	0.81 mi	27, Ground Floor And Basement Flat, Sutherland Place, London, Greater London W2 5BZ	-	-	2	House
£1.8M	12/22	0.84 mi	1, Ledbury Mews North, London, Greater London W11 2AF	£21,176	85	2	Terraced House
£1.8M	12/23	0.85 mi	10, Montagu Mews West, London, Greater London W1H 2EE	£17,629	100	2	Terraced House
£3.7M	02/21	0.86 mi	5, Pembridge Mews, London, Greater London W11 3EQ	£22,273	165	2	Terraced House
£955K	02/21	0.86 mi	10, Shrewsbury Mews, London, Greater London W2 5PN	£14,470	66	2	Terraced House
£652K	06/21	0.86 mi	9a, Brunswick Mews, London, Greater London W1H 7FB	-	-	2	Terraced House
£2.2M	11/20	0.87 mi	26, Portobello Road, London, Greater London W11 3DH	-	-	2	Terraced House
£1.9M	04/21	0.88 mi	79, Campden Street, London, Greater London W8 7EN	-	-	2	Terraced House
£2.2M	10/20	0.89 mi	1, Ledbury Mews West, London, Greater London W11 2AE	£18,803	117	2	Terraced House
£1.3M	12/23	0.91 mi	21, Gloucester Place Mews, London, Greater London W1U 8BF	£22,167	60	2	Terraced House
£2.5M	08/23	0.96 mi	5, Farm Place, London, Greater London W8 7SX	-	-	2	Terraced House
£1.6M	09/23	0.98 mi	3, Denbigh Close, London, Greater London W11 2QH	£18,966	87	2	Terraced House
£1.3M	06/22	1 mi	4, Spring Mews, London, Greater London W1U 6AS	£16,456	79	2	Terraced House

Local Rents

50 rents from £2.2K/mo to £8.3K/mo, average is £3.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,249	10/24	0 mi	Craven Road, London	2	Flat
£4,475	11/24	0.01 mi	-	2	Flat
£2,999	10/24	0.02 mi	Craven Road, London	2	Flat
£2,999	10/24	0.02 mi	Craven Road, Bayswater, London, W2	2	Flat
£2,600	10/24	0.02 mi	-	2	Flat
£3,000	10/24	0.03 mi	Craven Road Bayswater W2	2	Flat
£3,012	10/24	0.03 mi	Devonshire Terrace, London, W2	2	Flat
£2,899	10/24	0.03 mi	-	2	Flat
£2,799	10/24	0.04 mi	Gloucester Terrace, London, W2	2	Flat
£2,799	10/24	0.04 mi	-	2	Flat
£3,850	10/24	0.04 mi	Gloucester Terrace, London	2	Flat
£4,600	10/24	0.05 mi	-	2	Flat
£4,500	12/24	0.05 mi	-	2	Flat
£6,500	04/25	0.05 mi	-	2	Terraced House
£3,098	10/24	0.05 mi	Westbourne Crescent, Hyde Park	2	Flat
£4,430	10/24	0.05 mi	Westbourne Crescent, London, W2 3DB, UK	2	Flat
£3,696	10/24	0.05 mi	Devonshire Terrace, Paddington, London, W2	2	Flat
£3,488	10/24	0.06 mi	Westbourne Crescent, London, W2	2	Flat
£3,683	10/24	0.06 mi	Westbourne Crescent, London, W2	2	Flat
£8,300	03/25	0.06 mi	-	2	Flat
£2,700	10/24	0.06 mi	Gloucester Terrace, London	2	Flat
£3,848	10/24	0.06 mi	Gloucester Terrace, Paddington, London, W2	2	Flat
£3,497	10/24	0.06 mi	Gloucester Terrace, London, W2	2	Flat
£3,100	12/24	0.06 mi	-	2	Flat
£3,033	10/24	0.06 mi	Upbrook Mews, London, W2	2	Flat
£3,142	10/24	0.07 mi	Gloucester Terrace, Paddington, London, W2	2	Flat
£2,578	10/24	0.07 mi	Devonshire Terrace, London, W2	2	Flat
£4,450	10/24	0.07 mi	-	2	Flat
£2,500	12/24	0.07 mi	-	2	Flat
£2,900	10/24	0.08 mi	Gloucester Terrace, London, W2	2	Flat
£2,750	02/24	0.08 mi	-	2	Terraced House
£3,000	12/24	0.09 mi	-	2	Flat
£2,600	12/24	0.09 mi	-	2	Flat
£4,600	01/25	0.09 mi	-	2	Flat
£3,750	04/25	0.09 mi	-	2	Flat
£3,800	11/24	0.1 mi	-	2	Flat
£2,925	10/24	0.1 mi	Gloucester Terrace, Gloucester Terrace	2	Flat
£4,312	10/24	0.1 mi	-	2	Flat
£3,460	10/24	0.1 mi	-	2	Flat
£3,410	10/24	0.1 mi	-	2	Flat
£3,460	10/24	0.1 mi	-	2	Flat
£4,250	10/24	0.1 mi	-	2	Flat
£3,410	10/24	0.1 mi	Gloucester Terrace, London, W2	2	Flat
£3,460	10/24	0.1 mi	Gloucester Terrace, London, W2	2	Flat
£2,999	10/24	0.1 mi	Lancaster Gate, Bayswater, London, W2	2	Flat
£2,750	04/25	0.11 mi	-	2	Flat
£3,950	10/24	0.11 mi	-	2	Flat
£4,100	10/24	0.11 mi	-	2	Flat
£5,000	04/25	0.11 mi	-	2	Flat
£2,800	10/24	0.11 mi	Queens Gardens, Bayswater, W2	2	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	3.29 miles away3.29 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.20 miles away0.20 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

Price changed to £480,000

April 5, 2025

Listed for £495,000

February 14, 2025

Floor Plans

Description

Two bedrooms +
Handsome period property +
Fourth floor (no lift) +
Long Lease +
Paddington Station - About 0.3 mile +
Hyde Park - About 0.25 mile +
St. Mary's Hospital - About 0.5 mile +

Located north of Hyde Park in the heart of Bayswater (zone 1) a two bedroom fourth floor apartment - (ideal for investor) set within an attractive Victorian Grade II former terraced house.

Set within this former row of houses - the front elevation has 'architecturally striking features' including a first floor continuous bombé balcony and square-headed architraved windows.

LEASE: ABOUT 969 REMAINING
SERVICE CHARGE: ABOUT £3,150 PER ANNUM
GROUD RENT: ABOUT £250 PER ANNUM
COUNCIL TAC BAND: D

Location:
Craven Hill which leads to Craven Road are one of Bayswater's most desirable addresses, a leafy terrace of mainly victorian villas conveniently located within about a 5 minute walk of Lancaster Gate (central line), Paddington (Heathrow Express / forthcoming Crossrail) and Queensway stations.

Agent Details

Winkworth, Paddington & Bayswater

020 3834 8311

Next Steps?

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