2 Bed Terraced House, Single Let, London, W2 1PW, £575,000

Hermitage Street, London, W2 1PW - 1 views - 2 months ago

Leasehold

BTL

ROI: 3%

~68 m²

+6 photos

ValuationUndervalued

Sold Prices	£652K - £7.0M
Sold Prices/m²	£8.4K/m² - £41.4K/m²

Square Metres	~68.11 m²
Price/m²	£8.4K/m²
Value Estimate	£690,000£690,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£143,750£143,750
Stamp Duty & Legal Fees	£46,200£46,200
Total Cash In	£189,950£189,950

Cash Out
Rent Range	£2,600 - £7,262£2,600 - £7,262
Rent Estimate	£2,773
Running Costs/mo	£2,371£2,371
Cashflow/mo	£402£402
Cashflow/yr	£4,818£4,818
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

41 sold prices from £652K to £7.0M, average is £1.5M. £8.4K/m² to £41.4K/m², average is £15.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.8M	08/21	0.23 mi	89, Eastbourne Mews, London, Greater London W2 6LQ	£13,235	136	2	Terraced House
£2.3M	09/23	0.31 mi	16, Star Street, London, Greater London W2 1QD	-	-	2	Terraced House
£1.6M	12/21	0.32 mi	Junction House, Blomfield Road, London, Greater London W9 1AB	£14,904	104	2	Detached House
£1.2M	11/21	0.33 mi	31, Conduit Mews, London, Greater London W2 3RE	£17,470	66	2	Terraced House
£1.8M	11/23	0.33 mi	10, Junction Mews, London, Greater London W2 1PN	£12,766	141	2	Terraced House
£1.8M	06/21	0.34 mi	40, Radnor Mews, London, Greater London W2 2SA	£14,120	125	2	Terraced House
£1.5M	12/22	0.34 mi	2, Gloucester Mews West, London, Greater London W2 6DY	-	-	2	Terraced House
£1.4M	12/23	0.41 mi	3, Sussex Mews East, London, Greater London W2 2TS	£17,284	81	2	Terraced House
£925K	10/23	0.42 mi	12b, Queens Gardens, London, Greater London W2 3BA	-	-	2	Terraced House
£1.3M	10/22	0.47 mi	11, Craven Hill Mews, London, Greater London W2 3DY	£12,887	97	2	Terraced House
£3.1M	12/22	0.49 mi	9, Molyneux Street, London, Greater London W1H 5HP	£15,196	204	2	Terraced House
£700K	07/22	0.5 mi	47e, Warwick Avenue, London, Greater London W9 2PR	-	-	2	Terraced House
£1.5M	08/21	0.5 mi	Flat E, 17, Lancaster Gate, London, Greater London W2 3LH	£14,201	106	2	Terraced House
£905K	09/21	0.5 mi	25a, Harcourt Street, London, Greater London W1H 4HN	£14,141	64	2	Terraced House
£1.3M	08/22	0.58 mi	17, Queensborough Mews, London, Greater London W2 3SG	£22,034	59	2	Terraced House
£2.0M	02/21	0.61 mi	27, Archery Close, London, Greater London W2 2BE	£15,625	128	2	Terraced House
£1.4M	09/23	0.68 mi	88, Boston Place, London, Greater London NW1 6EX	£15,110	91	2	Terraced House
£1.4M	06/23	0.71 mi	11, Wythburn Place, London, Greater London W1H 7BU	£20,352	71	2	Terraced House
£1.8M	12/23	0.71 mi	10, Montagu Mews West, London, Greater London W1H 2EE	£17,629	100	2	Terraced House
£1.5M	05/22	0.72 mi	7, Huntsworth Mews, London, Greater London NW1 6DE	£41,351	37	2	Terraced House
£1.8M	09/22	0.75 mi	36, Huntsworth Mews, London, Greater London NW1 6DB	-	-	2	Terraced House
£1.3M	12/23	0.76 mi	21, Gloucester Place Mews, London, Greater London W1U 8BF	£22,167	60	2	Terraced House
£6.0M	06/22	0.77 mi	187, Gloucester Place, London, Greater London NW1 6BU	£15,102	394	2	Terraced House
£1.4M	08/23	0.77 mi	45, Chagford Street, London, Greater London NW1 6EB	£14,415	94	2	Terraced House
£652K	06/21	0.77 mi	9a, Brunswick Mews, London, Greater London W1H 7FB	-	-	2	Terraced House
£6.8M	02/23	0.77 mi	8, Monmouth Road, London, Greater London W2 5SB	£36,828	186	2	Semi-Detached House
£3.5M	11/22	0.77 mi	10, Monmouth Road, London, Greater London W2 5SB	£21,472	163	2	Terraced House
£1.3M	06/22	0.78 mi	4, Spring Mews, London, Greater London W1U 6AS	£16,456	79	2	Terraced House
£1.6M	11/23	0.78 mi	23, St Petersburgh Mews, London, Greater London W2 4JT	£19,938	80	2	Terraced House
£1.6M	12/22	0.83 mi	13, Bridstow Place, London, Greater London W2 5AE	£24,341	65	2	Terraced House
£800K	03/21	0.83 mi	26, Bridstow Place, London, Greater London W2 5AE	£11,940	67	2	Terraced House
£945.3K	01/24	0.87 mi	1, Sherlock Mews, London, Greater London W1U 6DW	£29,540	32	2	Terraced House
£1.9M	10/21	0.87 mi	5, Sherlock Mews, London, Greater London W1U 6DW	-	-	2	Terraced House
£1.9M	10/21	0.87 mi	5, Sherlock Mews, London, Greater London W1U 6DW	-	-	2	Terraced House
£955K	02/21	0.89 mi	10, Shrewsbury Mews, London, Greater London W2 5PN	£14,470	66	2	Terraced House
£5.8M	09/23	0.89 mi	44, Chepstow Place, London, Greater London W2 4TA	-	-	2	Terraced House
£900K	05/24	0.9 mi	18, Elgin Mews North, London, Greater London W9 1NN	£8,411	107	2	Terraced House
£1.4M	12/23	0.91 mi	5, Chippenham Mews, London, Greater London W9 2AN	£9,222	146	2	Terraced House
£1.4M	05/21	0.91 mi	Second And Third Floor Maisonette, 27, Sutherland Place, London, Greater London W2 5BZ	-	-	2	Terraced House
£1.4M	04/24	0.91 mi	27, Ground Floor And Basement Flat, Sutherland Place, London, Greater London W2 5BZ	-	-	2	House
£7.0M	10/23	0.92 mi	48, Circus Road, London, Greater London NW8 9SE	£20,014	350	2	Semi-Detached House

Local Rents

51 rents from £2.6K/mo to £7.3K/mo, average is £4.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£3,467	10/24	0.02 mi	Marshall Building, Paddington, London, W2	2	Flat
£3,857	10/24	0.03 mi	-	2	Flat
£2,681	10/24	0.03 mi	North Wharf Road, London, W2	2	Flat
£3,467	10/24	0.03 mi	Hermitage Street, Paddington	2	Flat
£3,150	10/24	0.04 mi	-	2	Flat
£4,500	10/24	0.05 mi	3 Canalside Walk, London	2	Flat
£3,400	01/25	0.05 mi	-	2	Flat
£4,250	10/24	0.06 mi	Canalside Walk, Paddington, W2	2	Flat
£4,550	10/24	0.07 mi	Betula House Paddington W2	2	Flat
£4,745	10/24	0.07 mi	Betula House Paddington W2	2	Flat
£4,550	10/24	0.07 mi	Betula House Paddington W2	2	Flat
£4,550	10/24	0.07 mi	North Wharf Road Paddington W2	2	Flat
£4,983	10/24	0.07 mi	3 Merchant Squar, London, W2	2	Flat
£4,500	04/25	0.08 mi	-	2	Flat
£5,500	10/24	0.09 mi	-	2	Flat
£4,745	10/24	0.1 mi	Dahlia House Paddington W2	2	Flat
£6,773	10/24	0.11 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£6,422	10/24	0.11 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£6,534	10/24	0.11 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£7,262	10/24	0.11 mi	Garrett Mansions, Edgware Road, Paddington, London, W2	2	Flat
£3,500	10/24	0.12 mi	Sheldon Square, Paddington, W2	2	Flat
£3,337	10/24	0.12 mi	Sheldon Square, Paddington Central, Paddington	2	Flat
£3,250	10/24	0.12 mi	Sheldon Square, London, W2	2	Flat
£5,450	02/24	0.13 mi	-	2	Flat
£3,490	10/24	0.13 mi	-	2	Flat
£3,390	03/25	0.13 mi	-	2	Flat
£2,990	10/24	0.13 mi	Sheldon Square, London, W2,	2	Flat
£3,445	10/24	0.13 mi	Sheldon Square, Paddington	2	Flat
£4,203	10/24	0.14 mi	Merchant Square, W2	2	Flat
£4,203	10/24	0.14 mi	-	2	Flat
£4,500	10/24	0.14 mi	Merchant Square, London	2	Flat
£4,203	10/24	0.14 mi	Merchant Square, Paddington, W2	2	Flat
£4,203	10/24	0.14 mi	Merchant Square, Paddington, W2	2	Flat
£3,497	10/24	0.14 mi	Sheldon Square, Paddington, W2	2	Flat
£4,203	10/24	0.16 mi	4B Merchant Square, London, W2,	2	Flat
£4,199	10/24	0.16 mi	Sheldon Square, London, W2	2	Flat
£5,000	01/25	0.18 mi	-	2	Flat
£4,983	10/24	0.18 mi	Asquith House, 1 Segrave Walk, London, London, W2	2	Flat
£4,983	10/24	0.19 mi	3 Merchant Square Paddington W2	2	Flat
£5,417	10/24	0.19 mi	-	2	Flat
£3,900	10/24	0.2 mi	-	2	Flat
£4,203	10/24	0.2 mi	Merchant Square East, Paddington, W2	2	Flat
£4,203	10/24	0.2 mi	Merchant Square, London, W2	2	Flat
£3,033	10/24	0.2 mi	-	2	Flat
£3,000	10/24	0.2 mi	-	2	Flat
£3,750	10/24	0.21 mi	-	2	Flat
£3,750	10/24	0.21 mi	Westbourne Terrace, London, W2	2	Flat
£5,300	10/24	0.21 mi	Merchant Square, Merchant Square East, W2	2	Flat
£2,600	12/24	0.21 mi	-	2	Flat
£2,600	12/24	0.21 mi	-	2	Flat
£2,700	10/24	0.21 mi	-	2	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	3.09 miles away3.09 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.11 miles away0.11 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 £575,000

February 17, 2025

Floor Plans

Description

Modern Apartment Block +
Subject to Reserve Price +
First Floor +
Reception Room +
Open Plan Kitchen +
Two Bedrooms +
Two Bathrooms +
Secure Underground Parking +
Porter +
Communal Roof Terraces. +

A lateral apartment situated on the first floor of a modern development with porter and lifts in Paddington Basin. Accommodation is formed of an open plan kitchen / reception room, main bedroom with ensuite bathroom, a further double bedroom and guest bathroom. The property comes with private parking & comfort cooling

Situation

As well as excellent pedestrian, bus and cycle access, nearby transport links include Brunel's Grade I listed Paddington Station (Bakerloo, Hammersmith & City, Circle, District lines, National Rail services, Heathrow Express [from 15 minutes]and Elizabeth Line), Edgware Road (Circle, District, Hammersmith & City and Bakerloo lines), and Lancaster Gate and Marble Arch (Central line). Property Ref Number: HAM-54041

Agent Details

Hamptons, Hyde Park & Bayswater

020 3835 3923

Next Steps?

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

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