2 Bed Flat, Single Let, SW1P 4ET, £490,000

Bennett House, London, SW1P 4ETP - 5 views - 2 months ago

Sold STC

Leasehold

BTL

ROI: 6%

~68 m²

ValuationUndervalued

Sold Prices	£435K - £1.5M
Sold Prices/m²	£9.6K/m² - £12.6K/m²

Square Metres	~68.11 m²
Price/m²	£7.2K/m²
Value Estimate	£588,000£588,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£122,500£122,500
Stamp Duty & Legal Fees	£27,900£27,900
Total Cash In	£150,400£150,400

Cash Out
Rent Range	£2,690 - £9,300£2,690 - £9,300
Rent Estimate	£2,811
Running Costs/mo	£2,113£2,113
Cashflow/mo	£698£698
Cashflow/yr	£8,371£8,371
ROI	6%6%
Gross Yield	7%7%

Local Sold Prices

51 sold prices from £435K to £1.5M, average is £695K. £9.6K/m² to £12.6K/m², average is £12.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£755K	12/22	0.03 mi	Flat 23, Tufton Court, Tufton Street, London, Greater London SW1P 3QH	-	-	2	Flat
£850K	12/20	0.03 mi	Flat 2, Tufton Court, Tufton Street, London, Greater London SW1P 3QH	-	-	2	Flat
£700K	01/23	0.18 mi	Flat 49, Ormond House, Medway Street, London, Greater London SW1P 2TB	-	-	2	Flat
£725K	06/21	0.18 mi	Flat 3, Ormond House, Medway Street, London, Greater London SW1P 2TB	-	-	2	Flat
£596K	04/23	0.2 mi	Flat 67, Bennett House, Page Street, London, Greater London SW1P 4EU	-	-	2	Flat
£530K	04/23	0.2 mi	Flat 36, Bennett House, Page Street, London, Greater London SW1P 4ET	-	-	2	Flat
£650K	11/21	0.25 mi	Flat 8, Vincent House, Regency Street, London, Greater London SW1P 4BX	-	-	2	Flat
£1.3M	01/24	0.25 mi	Westminster Gardens, Flat 12, Marsham Street, London, Greater London SW1P 4JA	£12,619	105	2	Flat
£1.4M	06/23	0.26 mi	Flat 47, Westminster Gardens, Marsham Street, London, Greater London SW1P 4JG	-	-	2	Flat
£580K	01/21	0.27 mi	Flat 48, Jessel House, Page Street, London, Greater London SW1P 4BH	-	-	2	Flat
£530K	04/21	0.27 mi	Flat 35, Jessel House, Page Street, London, Greater London SW1P 4BH	-	-	2	Flat
£1.0M	03/21	0.28 mi	Flat 73, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£1.1M	06/21	0.28 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£513.5K	03/21	0.29 mi	Flat 34, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£513.5K	03/21	0.29 mi	Flat 34, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£520K	04/21	0.29 mi	Flat 52, Norfolk House, Regency Street, London, Greater London SW1P 4BD	-	-	2	Flat
£1.5M	09/21	0.29 mi	Flat 113, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HX	-	-	2	Flat
£1.1M	06/21	0.29 mi	Flat 77, Artillery Mansions, Victoria Street, London, Greater London SW1H 0HY	-	-	2	Flat
£575K	06/21	0.3 mi	Flat 27, Probyn House, Page Street, London, Greater London SW1P 4BG	£9,583	60	2	Flat
£720K	12/22	0.31 mi	Flat 15, Morland House, Marsham Street, London, Greater London SW1P 4JQ	-	-	2	Flat
£720K	05/21	0.32 mi	Flat 11, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£810K	05/23	0.33 mi	Flat 9, Christchurch House, Caxton Street, London, Greater London SW1H 0PX	-	-	2	Flat
£1.1M	06/21	0.33 mi	Flat 57, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£780K	09/23	0.33 mi	Flat 40, Horsley Court, Montaigne Close, London, Greater London SW1P 4BF	-	-	2	Flat
£860K	08/23	0.35 mi	Flat 1, Dolben Court, Montaigne Close, London, Greater London SW1P 4BB	-	-	2	Flat
£695K	06/21	0.35 mi	Flat 44, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£665K	12/22	0.35 mi	Flat 5, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£725K	06/23	0.35 mi	Flat 50, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£660K	11/23	0.35 mi	Flat 8, Brunswick Court, Regency Street, London, Greater London SW1P 4AE	-	-	2	Flat
£637.5K	01/21	0.36 mi	Flat 19, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£645K	06/23	0.36 mi	Flat 27, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.36 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£662.5K	07/23	0.36 mi	Flat 14, Rossetti House, Erasmus Street, London, Greater London SW1P 4HT	-	-	2	Flat
£570K	06/23	0.36 mi	Flat 2, Albany Court, Palmer Street, London, Greater London SW1H 0AA	-	-	2	Flat
£940K	08/21	0.38 mi	Flat 16, Tounson Court, Montaigne Close, London, Greater London SW1P 4AQ	-	-	2	Flat
£1.2M	03/21	0.4 mi	Flat 17a, Vincent House, Vincent Square, London, Greater London SW1P 2NB	-	-	2	Flat
£830K	03/21	0.42 mi	55c, Greencoat Place, London, Greater London SW1P 1DS	£12,576	66	2	Flat
£712.5K	11/20	0.43 mi	Flat 6, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£710K	03/21	0.43 mi	Flat 3, Landseer House, Cureton Street, London, Greater London SW1P 4EB	-	-	2	Flat
£645K	06/21	0.45 mi	Flat 9, Middleton House, Causton Street, London, Greater London SW1P 4AS	-	-	2	Flat
£460K	01/23	0.45 mi	Flat 26, Gabriel House, Old Paradise Street, London, Greater London SE11 6AL	-	-	2	Flat
£800K	01/23	0.45 mi	Flat 36, Lawrence House, Cureton Street, London, Greater London SW1P 4ED	-	-	2	Flat
£540K	03/23	0.52 mi	Flat 34, Henry Wise House, Vauxhall Bridge Road, London, Greater London SW1V 2SU	-	-	2	Flat
£590K	11/20	0.55 mi	Flat 60, Joseph Conrad House, Tachbrook Street, London, Greater London SW1V 2NG	-	-	2	Flat
£685K	06/21	0.55 mi	Flat 39, Joseph Conrad House, Tachbrook Street, London, Greater London SW1V 2NF	-	-	2	Flat
£435K	06/21	0.57 mi	Flat 7, Arden House, Black Prince Road, London, Greater London SE11 5QH	-	-	2	Flat
£580K	03/21	0.57 mi	Apartment 208, East Block, Forum Magnum Square, London, Greater London SE1 7GN	-	-	2	Flat
£800K	06/21	0.6 mi	Flat 12, Stafford Mansions, Stafford Place, London, Greater London SW1E 6NL	-	-	2	Flat
£800K	06/21	0.6 mi	Flat 12, Stafford Mansions, Stafford Place, London, Greater London SW1E 6NL	-	-	2	Flat
£450K	12/20	0.64 mi	Flat 11, Mountain House, Tyers Street, London, Greater London SE11 5NN	-	-	2	Flat
£500K	04/21	0.64 mi	Flat 52, Mountain House, Tyers Street, London, Greater London SE11 5NW	-	-	2	Flat

Local Rents

50 rents from £2.7K/mo to £9.3K/mo, average is £5.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£5,633	09/24	0.01 mi	35 Great Peter Street, Westminster, London	2	Flat
£5,633	09/24	0.01 mi	Great Peter Street, Westminster, London, SW1P	2	Flat
£5,633	09/24	0.02 mi	Great Peter Street London SW1P	2	Flat
£6,500	09/24	0.04 mi	9 Millbank, Westminster, London, SW1P	2	Flat
£6,250	09/24	0.04 mi	Millbank, London, SW1P	2	Flat
£9,300	09/24	0.04 mi	9 Millbank, Westminster, London, SW1P	2	Flat
£6,850	09/24	0.04 mi	Millbank, London, SW1P	2	Flat
£7,150	09/24	0.04 mi	Millbank Quarter, Westminster SW1P	2	Flat
£7,475	09/24	0.04 mi	Millbank London SW1P	2	Flat
£2,817	09/24	0.05 mi	48 Tufton Street, Westminster, London, SW1P	2	Flat
£2,925	09/24	0.06 mi	Romney House, Marsham Street, Westminster	2	Flat
£3,500	04/25	0.07 mi	-	2	Flat
£3,250	09/24	0.07 mi	Marsham Street, London, SW1P	2	Flat
£2,817	09/24	0.07 mi	Tufton Street, London	2	Flat
£8,000	09/24	0.08 mi	Millbank, London, SW1P	2	Flat
£3,250	09/24	0.08 mi	Romney House, 47 Marsham Street, Westminster, London SW1P	2	Flat
£3,250	04/25	0.08 mi	-	2	Flat
£2,800	02/24	0.08 mi	-	2	Flat
£4,550	09/24	0.08 mi	-	2	Flat
£4,333	09/24	0.09 mi	Romney House, 47 Marsham Street, Westminster, London, SW1P	2	Flat
£3,142	09/24	0.09 mi	Romney House, Marsham Street, Westminster, London SW1P	2	Flat
£3,142	09/24	0.09 mi	Romney House, 47 Marsham Street, LONDON, SW1P	2	Flat
£3,200	11/24	0.1 mi	-	2	Flat
£3,792	09/24	0.12 mi	Monck Street, Westminster	2	Flat
£3,792	09/24	0.12 mi	Monck Street, London SW1P	2	Flat
£3,792	09/24	0.12 mi	Bentinck House, 34 Monck Street, Westminster, London, SW1P	2	Flat
£5,000	04/25	0.13 mi	-	2	Flat
£3,500	09/24	0.14 mi	Monck Street, Pimlico, London, SW1P	2	Flat
£4,550	09/24	0.15 mi	-	2	Flat
£3,500	09/24	0.15 mi	Sherbrooke House, 24 Monck Street, Westminster, London, SW1P	2	Flat
£3,683	09/24	0.15 mi	Vestry Court, 5 Monck Street, Westminster, London, SW1P	2	Flat
£3,850	09/24	0.15 mi	Great Peter Street, Westminster, SW1P	2	Flat
£6,740	09/24	0.15 mi	Millbank, London, SW1P	2	Flat
£6,750	09/24	0.15 mi	9 Millbank, London, SW1P	2	Flat
£8,498	09/24	0.15 mi	Millbank, SW1P	2	Flat
£4,000	04/25	0.16 mi	-	2	Flat
£8,000	09/24	0.16 mi	Millbank, London, SW1P	2	Flat
£3,575	09/24	0.17 mi	Westminster Green, 8 Dean Ryle Street, London, SW1P	2	Flat
£7,500	10/24	0.17 mi	-	2	Flat
£7,500	11/24	0.17 mi	-	2	Flat
£6,999	11/24	0.17 mi	-	2	Flat
£6,999	11/24	0.17 mi	-	2	Flat
£6,999	11/24	0.17 mi	-	2	Flat
£6,500	12/24	0.17 mi	-	2	Flat
£7,000	12/24	0.17 mi	-	2	Flat
£7,000	12/24	0.17 mi	-	2	Flat
£7,000	01/25	0.17 mi	-	2	Flat
£5,417	09/24	0.17 mi	Millbank, Westminster, SW1P	2	Flat
£5,750	09/24	0.17 mi	-	2	Flat
£2,690	09/24	0.17 mi	-	2	Flat

Local Area Statistics

Population in SW1	52,47852,478
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.59 miles away0.59 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-21%-21%

Property History

Listed for £490,000

February 24, 2025

Floor Plans

Description

This spacious, ground-floor apartment with two double bedrooms is located in Bennett House, right in the heart of Westminster. Spanning just under 700 square feet, the apartment features a large living room, a separate kitchen, a family bathroom, and an additional WC. It is an ideal choice for a first-time buyer, a pied-à-terre, or a rental investment.

Bennett House is part of the sought-after Grosvenor Estate, nestled within a gated development. It is just a short walk from the Houses of Parliament and Victoria Street, which offers a wide variety of shops, cafes, and restaurants.

Page Street boasts excellent transport links, with easy access to St James’s Park, Pimlico, and Victoria stations.

Service charge: Approximately £1,500 per year.

Ground rent: £10 per year.

Lease length: 90 years remaining.

Agent Details

The Chant Group, Bank

020 3834 8370

Next Steps?

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

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