4 Bed Flat, Refurb/BRRR, London, NW1 6EP, £1,300,000

20 Melcombe Court, Dorset Square, Marylebone, London, NW1 6EP - 4 views - 2 months ago

Refurb/BRRR

ROI: 1%

99 m²

+6 photos

ValuationOvervalued

Sold Prices	£700K - £5.3M
Sold Prices/m²	£10.3K/m² - £16.8K/m²

Square Metres	99 m²
Price/m²	£13.1K/m²
Value Estimate	£807,500£807,500

End Value (After Refurb)	£1,383,350£1,383,350
Uplift in Value	+6%+6%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£325,000£325,000
Stamp Duty & Legal Fees	£111,450£111,450
Refurb Costs	£52,374£52,374
Bridging Loan Interest	£34,125£34,125
Total Cash In	£524,699£524,699

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£1,383,350£1,383,350
Mortgage (After Refinance)	£1,037,512£1,037,512
Mortgage LTV	75%75%
Cash Released	£62,512£62,512
Cash Left In	£462,187£462,187
Equity	£345,837£345,837
Rent Range	£3,250 - £8,650£3,250 - £8,650
Rent Estimate	£5,887
Running Costs/mo	£5,520£5,520
Cashflow/mo	£367£367
Cashflow/yr	£4,400£4,400
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

28 sold prices from £700K to £5.3M, average is £1.9M. £10.3K/m² to £16.8K/m², average is £14K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£982K	06/21	0.01 mi	Flat 22, Melcombe Court, Dorset Square, Marylebone, London, Greater London NW1 6EP	-	-	4	Flat
£990K	02/21	0.06 mi	Flat 2e, Hyde Park Mansions, Chapel Street, London, Greater London NW1 5BL	-	-	4	Flat
£1.7M	08/21	0.1 mi	Flat 76, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6QR	-	-	4	Flat
£2.1M	01/21	0.14 mi	Flat 123, Berkeley Court, Marylebone Road, London, Greater London NW1 5NE	-	-	4	Flat
£1.8M	04/21	0.18 mi	Flat 166, Chiltern Court, Baker Street, London, Greater London NW1 5SW	£10,307	175	4	Flat
£2.2M	05/23	0.24 mi	Flat 3e, Portman Mansions, Chiltern Street, London, Greater London W1U 5AN	-	-	4	Flat
£2.5M	08/23	0.34 mi	Flat 10m, Hyde Park Mansions, Cabbell Street, London, Greater London NW1 5BG	-	-	4	Flat
£1.2M	01/24	0.37 mi	Flat 12f, Hyde Park Mansions, Cabbell Street, London, Greater London NW1 5BB	-	-	4	Flat
£3.6M	06/21	0.41 mi	Flat 36, Abbey Lodge, Park Road, London, Greater London NW8 7RJ	£14,008	261	4	Flat
£1.4M	02/21	0.42 mi	Flat 18, Fursecroft, George Street, London, Greater London W1H 5LF	-	-	4	Flat
£1.4M	02/21	0.45 mi	Flat 18, Fursecroft, George Street, London, Greater London W1H 5LF	-	-	4	Flat
£950K	06/21	0.47 mi	Flat 36, Stourcliffe Close, Stourcliffe Street, London, Greater London W1H 5AR	-	-	4	Flat
£1.1M	03/23	0.49 mi	Flat 155, Park West, Edgware Road, London, Greater London W2 2QP	£11,111	99	4	Flat
£5.3M	06/23	0.53 mi	Flat 25, Harley House, Marylebone Road, London, Greater London NW1 5HE	-	-	4	Flat
£2.1M	06/21	0.65 mi	Flat 6, Westminster Court, Aberdeen Place, London, Greater London NW8 8JL	-	-	4	Flat
£1.8M	09/23	0.65 mi	Flat 8, Westminster Court, Aberdeen Place, London, Greater London NW8 8JL	-	-	4	Flat
£1.7M	03/23	0.69 mi	Flat 41, St. Marys Mansions, St Marys Terrace, London, Greater London W2 1SQ	-	-	4	Flat
£2.5M	02/21	0.72 mi	Flat 89, North Gate, Prince Albert Road, London, Greater London NW8 7EJ	-	-	4	Flat
£2.8M	02/21	0.72 mi	Flat 61, North Gate, Prince Albert Road, London, Greater London NW8 7EH	-	-	4	Flat
£2.4M	02/21	0.72 mi	Flat 31, Hanover House, St Johns Wood High Street, London, Greater London NW8 7DY	-	-	4	Flat
£2.9M	12/20	0.78 mi	Ground Floor Flat, 83 - 86, Prince Albert Road, London, Greater London NW8 7RU	-	-	4	Flat
£782.5K	12/20	0.8 mi	Flat 4, Robin House, Barrow Hill Estate, London, Greater London NW8 7AD	-	-	4	Flat
£2.7M	03/21	0.87 mi	Flat 50, South Lodge, Circus Road, London, Greater London NW8 9ET	-	-	4	Flat
£700K	12/22	0.88 mi	Flat 111, Holcroft Court, Clipstone Street, London, Greater London W1W 5DF	-	-	4	Flat
£750K	03/21	0.88 mi	Flat 185, Holcroft Court, Clipstone Street, London, Greater London W1W 5DH	-	-	4	Flat
£3.0M	03/21	0.91 mi	4, Randolph Crescent, London, Greater London W9 1DR	£14,874	199	4	Flat
£3.8M	01/21	0.91 mi	7, Chester Place, London, Greater London NW1 4NB	£16,848	227	4	Flat
£2.3M	01/21	0.95 mi	Flat 22, Vale Court, Maida Vale, London, Greater London W9 1RT	-	-	4	Flat

Local Rents

50 rents from £3.3K/mo to £8.7K/mo, average is £5.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£4,767	06/24	0.01 mi	Melcombe Court, Dorset Square, Baker Street NW1	3	Flat
£5,651	06/24	0.04 mi	Clarence Gate Gardens, Glentworth Street, Marylebone, London, NW1	4	Flat
£3,750	06/24	0.04 mi	Dorset Square London NW1	3	Flat
£8,650	06/24	0.05 mi	Marathon House, London	3	Flat
£6,500	04/25	0.06 mi	-	4	Flat
£7,800	06/24	0.06 mi	Dorset Square, London	3	Flat
£6,933	06/24	0.06 mi	Tennyson Court 10-14, Dorset Square, Marylebone	4	Flat
£6,500	12/24	0.09 mi	-	4	Flat
£3,250	06/24	0.1 mi	Balcombe Street, London	3	Flat
£5,634	06/24	0.1 mi	Gloucester Place, Marylebone, London, NW1	3	Flat
£5,634	06/24	0.1 mi	Gloucester Place, Marylebone, London, NW1	3	Flat
£5,633	12/24	0.11 mi	-	3	Flat
£7,367	06/24	0.11 mi	Flat 184, Dorset House, London, NW1	3	Flat
£4,500	06/24	0.11 mi	Dorset House, Gloucester Place, NW1	3	Flat
£7,280	03/24	0.11 mi	Dorset House, Gloucester Place, London, NW1	3	Flat
£5,000	06/24	0.11 mi	Gloucester Place London NW1	4	Flat
£7,000	06/24	0.11 mi	Gloucester Place London NW1	3	Flat
£4,250	06/24	0.11 mi	Gloucester Place, London, NW1	3	Flat
£5,500	06/24	0.11 mi	Gloucester Place London NW1	3	Flat
£5,500	06/24	0.11 mi	Gloucester Place London NW1	3	Flat
£7,583	06/24	0.11 mi	Gloucester Place, Marylebone, London, NW1	3	Flat
£7,583	06/24	0.11 mi	Dorset House, Gloucester Place, NW1	3	Flat
£7,583	06/24	0.11 mi	Dorset House, Gloucester Place, London, NW1	3	Flat
£7,000	06/24	0.11 mi	Dorset House, Gloucester Place, NW1	3	Flat
£7,367	06/24	0.11 mi	Dorset House, Marylebone, London, NW1	3	Flat
£6,500	06/24	0.11 mi	Dorset House, Gloucester Place, NW1	3	Flat
£6,500	06/24	0.11 mi	Gloucester Place, London, NW1	3	Flat
£5,500	06/24	0.11 mi	Dorset House, Gloucester Place, NW1	3	Flat
£5,500	06/24	0.11 mi	Dorset House, Gloucester Place, NW1	3	Flat
£5,633	06/24	0.11 mi	Dorset House, Gloucester Place, London, NW1	3	Flat
£5,499	12/24	0.11 mi	-	3	Flat
£5,499	12/24	0.11 mi	-	3	Flat
£5,499	12/24	0.11 mi	-	3	Flat
£3,857	02/25	0.11 mi	-	3	Flat
£5,000	12/24	0.11 mi	-	3	Flat
£5,499	12/24	0.11 mi	-	3	Flat
£5,450	03/25	0.11 mi	-	3	Flat
£5,000	01/25	0.11 mi	-	3	Flat
£5,850	01/25	0.11 mi	-	3	Flat
£5,850	03/25	0.11 mi	-	3	Flat
£7,583	06/24	0.11 mi	Gloucester Place, Marylebone	3	Flat
£6,933	06/24	0.11 mi	Glentworth Street, London	5	Flat
£5,000	02/24	0.11 mi	-	3	Flat
£4,500	06/24	0.11 mi	-	3	Flat
£4,875	12/24	0.11 mi	-	3	Flat
£4,500	06/24	0.11 mi	Dorset House, London, NW1	3	Flat
£5,500	06/24	0.11 mi	Dorset House, Gloucester Place, Marylebone, London, NW1	3	Flat
£5,200	06/24	0.11 mi	Dorset House, Gloucester Place, Marylebone, London, NW1	3	Flat
£7,583	06/24	0.11 mi	Gloucester Place, London, NW1	3	Flat
£6,500	06/24	0.11 mi	Gloucester Place, London, NW1	3	Flat

Local Area Statistics

Population in NW1	60,29460,294
Population in London	4,771,9214,771,921
Town centre distance	2.43 miles away2.43 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.07 miles away0.07 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-4%-4%

Property History

Listed for £1,300,000

February 14, 2025

Floor Plans

Description

AVAILABLE IMMEDIATELY +
NO ONWARD CHAIN +
PERIOD MANSION BUILDING +
FOUR BEDROOMS +
SEPARATE KITCHEN +
IDEA FOR INTERNAL RENOVATION +
LIFT ACCESS +
SHARE OF FREEHOLD +

This spacious and bright four-bedroom two-bathroom apartment is on the 2nd floor of this red brick period mansion block located on Dorset Square. The Apartment offers a well-proportioned living room, a fitted separate kitchen, four bedrooms, a bathroom with shower over bath, a seperate shower room and an abundance of natural light throughout from the large sash windows. Melcombe Court is a well-maintained purpose-built red brick mansion block located off the south-east corner of Dorset Square with Marylebone Station only moments away. Available with no onward chain.

Agent Details

Fieldhouse Residential Ltd, Battersea

020 3892 9620

Next Steps?

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

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