2 Bed Terraced House, Refurb/BRRR, London, W10 4RP, £700,000

1 Caird Street, North Kensington, London, W10 4RP - a month ago

Refurb/BRRR

ROI: 1%

62 m²

+10 photos

ValuationOvervalued

Sold Prices	£500K - £1.4M
Sold Prices/m²	£8.2K/m² - £16.6K/m²

Square Metres	61.80 m²
Price/m²	£11.3K/m²
Value Estimate	£627,557£627,557

End Value (After Refurb)	£603,459£603,459

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£175,000£175,000
Stamp Duty & Legal Fees	£58,700£58,700
Refurb Costs	£32,630£32,630
Bridging Loan Interest	£18,375£18,375
Total Cash In	£286,455£286,455

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£603,459£603,459
Mortgage (After Refinance)	£452,594£452,594
Mortgage LTV	75%75%
Cash Left In	£286,455£286,455
Equity	£150,865£150,865
Rent Range	£1,712 - £4,900£1,712 - £4,900
Rent Estimate	£2,553
Running Costs/mo	£2,416£2,416
Cashflow/mo	£137£137
Cashflow/yr	£1,639£1,639
ROI	1%1%
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £500K to £1.4M, average is £755K. £8.2K/m² to £16.6K/m², average is £10.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£790K	10/22	0.04 mi	37, Barfett Street, London, Greater London W10 4NP	£10,128	78	2	Terraced House
£815K	12/20	0.06 mi	1, Second Avenue, London, Greater London W10 4RN	£10,584	77	2	Terraced House
£703K	04/24	0.06 mi	56, First Avenue, London, Greater London W10 4NL	£9,250	76	2	Terraced House
£718K	03/24	0.07 mi	24, Alperton Street, London, Greater London W10 4NQ	£9,836	73	2	Terraced House
£905K	09/22	0.11 mi	14, Enbrook Street, London, Greater London W10 4SF	£10,402	87	2	Terraced House
£555K	04/23	0.14 mi	44b, Portnall Road, London, Greater London W9 3BD	-	-	2	Terraced House
£760K	10/22	0.15 mi	37, Lothrop Street, London, Greater London W10 4JB	£12,881	59	2	Terraced House
£785K	04/23	0.15 mi	45, Lothrop Street, London, Greater London W10 4JB	£11,056	71	2	Terraced House
£750K	06/21	0.15 mi	9, Lothrop Street, London, Greater London W10 4JB	£11,194	67	2	Terraced House
£712.5K	10/20	0.15 mi	23, Lothrop Street, London, Greater London W10 4JB	£11,919	60	2	Terraced House
£1000K	09/22	0.19 mi	15, Marne Street, London, Greater London W10 4JE	£15,999	63	2	Terraced House
£610K	04/21	0.19 mi	10, Marne Street, London, Greater London W10 4JE	£9,531	64	2	Terraced House
£870K	03/21	0.19 mi	4, Galton Street, London, Greater London W10 4QN	£11,600	75	2	Terraced House
£895K	08/23	0.2 mi	75, Kilravock Street, London, Greater London W10 4HY	-	-	2	Terraced House
£730K	04/24	0.21 mi	76, Lothrop Street, London, Greater London W10 4JD	£9,359	78	2	Terraced House
£745K	12/22	0.21 mi	83, Lothrop Street, London, Greater London W10 4JD	£11,462	65	2	Terraced House
£703K	06/21	0.21 mi	62, Lothrop Street, London, Greater London W10 4JD	£11,339	62	2	Terraced House
£670K	10/21	0.22 mi	69, Marne Street, London, Greater London W10 4JF	£11,356	59	2	Terraced House
£725K	10/23	0.22 mi	59, Marne Street, London, Greater London W10 4JF	£12,265	59	2	Terraced House
£820K	11/21	0.23 mi	29, Nutbourne Street, London, Greater London W10 4HW	£14,138	58	2	Terraced House
£610K	06/21	0.23 mi	7, Nutbourne Street, London, Greater London W10 4HW	£11,726	52	2	Terraced House
£530K	07/23	0.24 mi	196b, Fernhead Road, London, Greater London W9 3EL	-	-	2	Terraced House
£866K	06/21	0.27 mi	41, Huxley Street, London, Greater London W10 4QQ	-	-	2	Terraced House
£760K	08/23	0.27 mi	98, Kilravock Street, London, Greater London W10 4HZ	-	-	2	Terraced House
£668.3K	08/21	0.28 mi	176, Third Avenue, London, Greater London W10 4HR	£11,933	56	2	Terraced House
£690K	09/21	0.28 mi	48, Huxley Street, London, Greater London W10 4QQ	£8,961	77	2	Terraced House
£647K	12/21	0.29 mi	23, Shirland Mews, London, Greater London W9 3DY	-	-	2	Terraced House
£680K	12/22	0.29 mi	13, Shirland Mews, London, Greater London W9 3DY	£10,462	65	2	Terraced House
£960K	10/20	0.3 mi	86, Marne Street, London, Greater London W10 4JG	£16,552	58	2	Terraced House
£910K	10/20	0.31 mi	26, Nutbourne Street, London, Greater London W10 4HL	£11,667	78	2	Terraced House
£831K	11/22	0.31 mi	69, Nutbourne Street, London, Greater London W10 4HL	£10,792	77	2	Terraced House
£690K	03/21	0.31 mi	35, Sixth Avenue, London, Greater London W10 4HB	£9,200	75	2	Terraced House
£675K	10/20	0.31 mi	41, Sixth Avenue, London, Greater London W10 4HB	£11,250	60	2	Terraced House
£857K	11/20	0.33 mi	122, Oliphant Street, London, Greater London W10 4EB	£10,202	84	2	Terraced House
£835K	02/21	0.33 mi	128, Oliphant Street, London, Greater London W10 4EB	£9,709	86	2	Terraced House
£960K	11/22	0.34 mi	156, Peach Road, London, Greater London W10 4DY	£11,693	82	2	Terraced House
£955K	02/23	0.35 mi	172, Peach Road, London, Greater London W10 4DY	£10,495	91	2	Terraced House
£850K	12/20	0.36 mi	253, Peach Road, London, Greater London W10 4DX	£9,770	87	2	Terraced House
£760K	11/20	0.36 mi	164, Ilbert Street, London, Greater London W10 4QD	£8,172	93	2	Terraced House
£655K	05/21	0.36 mi	186, Kilburn Lane, London, Greater London W10 4AS	£8,733	75	2	Terraced House
£735K	06/23	0.36 mi	174, Kilburn Lane, London, Greater London W10 4AS	£10,091	73	2	Terraced House
£658K	12/22	0.37 mi	13, Malvern Mews, London, Greater London NW6 5PT	£9,821	67	2	Terraced House
£500K	11/21	0.39 mi	91c, Malvern Road, London, Greater London NW6 5PU	-	-	2	Semi-Detached House
£795K	10/20	0.39 mi	87, Oliphant Street, London, Greater London W10 4EE	£10,600	75	2	Terraced House
£690K	01/21	0.41 mi	76, Kilburn Lane, London, Greater London W10 4AH	£9,452	73	2	Terraced House
£835K	12/20	0.41 mi	46, Kilburn Lane, London, Greater London W10 4AH	£10,640	78	2	Terraced House
£985K	01/21	0.53 mi	44, Hewer Street, London, Greater London W10 6DU	£10,155	97	2	Terraced House
£1.4M	12/23	0.54 mi	5, Chippenham Mews, London, Greater London W9 2AN	£9,222	146	2	Terraced House
£745K	08/23	0.56 mi	14a, Keslake Road, London, Greater London NW6 6DL	-	-	2	Terraced House
£1.2M	09/23	0.59 mi	79, Hartland Road, London, Greater London NW6 6BH	-	-	2	Terraced House

Local Rents

51 rents from £1.7K/mo to £4.9K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,400	10/24	0.04 mi	-	2	Terraced House
£2,750	10/24	0.04 mi	Third Avenue, Third Avenue, W10	2	Flat
£2,970	03/25	0.04 mi	-	2	Flat
£4,900	11/24	0.05 mi	-	2	Terraced House
£2,095	02/25	0.08 mi	-	2	Flat
£2,100	10/24	0.08 mi	Bravington Road, London, W9	2	Flat
£2,500	04/25	0.08 mi	-	2	Flat
£2,395	10/24	0.1 mi	-	2	Flat
£2,015	10/24	0.11 mi	Coomassie Road, Maida Vale, London, W9	2	Flat
£2,383	10/24	0.12 mi	-	2	Flat
£2,379	10/24	0.12 mi	Ash House, London, W10	2	Flat
£2,500	10/24	0.13 mi	Portnall Road, London	2	Flat
£2,100	10/24	0.14 mi	-	2	Flat
£2,700	11/24	0.14 mi	-	2	Flat
£2,100	12/24	0.14 mi	-	2	Flat
£2,100	12/24	0.14 mi	-	2	Flat
£2,200	03/25	0.14 mi	-	2	Flat
£2,650	10/24	0.14 mi	-	2	Flat
£2,550	11/24	0.14 mi	-	2	Flat
£2,600	03/25	0.14 mi	-	2	Flat
£2,600	03/25	0.14 mi	-	2	Flat
£2,250	01/25	0.14 mi	-	2	Flat
£2,000	03/25	0.14 mi	-	2	Flat
£2,450	12/24	0.15 mi	-	2	Flat
£1,712	03/24	0.15 mi	Ashmore Road, London, W9	2	Flat
£2,200	10/24	0.15 mi	-	2	Flat
£2,253	11/24	0.15 mi	-	2	Flat
£2,396	10/24	0.16 mi	Ashmore Road, Maida Vale	2	Flat
£2,903	10/24	0.16 mi	Ashmore Road, Maida Vale	2	Flat
£2,300	10/24	0.16 mi	Bravington Road, W9	2	Flat
£3,950	03/25	0.16 mi	-	2	Flat
£3,950	03/25	0.16 mi	-	2	Flat
£2,200	11/24	0.16 mi	-	2	Flat
£2,250	10/24	0.16 mi	-	2	Flat
£2,350	10/24	0.17 mi	Portnall Road, London, W9	2	Flat
£2,350	10/24	0.17 mi	-	2	Flat
£2,350	10/24	0.17 mi	-	2	Flat
£2,349	10/24	0.17 mi	Ashmore Road, Maida Vale	2	Flat
£2,750	10/24	0.2 mi	Fermoy Road, London, W9	2	Flat
£3,450	10/24	0.2 mi	Fermoy Road, Maida Hill W9	2	Flat
£2,700	02/25	0.2 mi	-	2	Flat
£2,100	10/24	0.21 mi	-	2	Flat
£2,000	10/24	0.22 mi	-	2	Flat
£2,000	10/24	0.22 mi	-	2	Flat
£3,200	11/24	0.22 mi	-	2	Flat
£3,200	01/25	0.22 mi	-	2	Flat
£3,200	03/25	0.22 mi	-	2	Flat
£2,500	10/24	0.22 mi	Fermoy Road , London, W9	2	Flat
£2,000	03/25	0.22 mi	-	2	Flat
£4,000	11/24	0.23 mi	-	2	Flat
£3,195	11/24	0.23 mi	-	2	Flat

Local Area Statistics

Population in W10	33,63833,638
Population in London	4,771,9214,771,921
Town centre distance	4.33 miles away4.33 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.41 miles away0.41 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-13%-13%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+4%+4%

Property History

Listed for £700,000

March 10, 2025

Floor Plans

Description

2 bedroom Cottage within the Queens Park Terraces +
Requiring modernisation +
Freehold +
Sole use of North Westerly facing garden with side access +
Close to transport links +

Charming Freehold Property Requiring Modernisation in W10 4RP Overview: This freehold property, located on Caird Street in the vibrant W10 4RP postcode, presents a unique opportunity for buyers seeking a home with potential for modernisation. Situated in the heart of North Kensington, this residence offers a solid foundation for those looking to create a personalised living space. Local Amenities: • Parks and Recreation: The property is in close proximity to Queen’s Park, a well-maintained green space offering tennis courts, a pitch and putt course, and a children’s playground, providing ample recreational opportunities for families and individuals alike. • Schools: Families will appreciate the selection of reputable schools in the vicinity, including the Ark Franklin Primary Academy and Queen’s Park Primary School, both known for their commitment to academic excellence. • Dining and Entertainment: The area boasts a diverse array of restaurants and cafes. Notable establishments include “The Chamberlayne,” renowned for its modern British cuisine, and “Parlour,” offering a contemporary dining experience. Additionally, the nearby Portobello Road provides a vibrant market scene with various food stalls and boutiques. • Transport Links: The property benefits from excellent transport connections. Kensal Green Station (Bakerloo Line and Overground) and Queen’s Park Station are both within walking distance, ensuring swift access to central London and surrounding areas. Multiple bus routes also serve the area, enhancing connectivity. Potential: This property requires modernisation, offering a blank canvas for buyers to design a home tailored to their preferences. Whether you’re an investor seeking to add value or a homeowner looking to craft your dream residence, this property holds significant potential. Conclusion: Positioned in a sought-after London postcode, this freehold property combines the charm of North Kensington with the promise of modern living. Its proximity to parks, reputable schools, diverse dining options, and robust transport links makes it an attractive prospect for discerning buyers ready to invest in a property with substantial promise. Please note: The property is currently in need of modernisation. Prospective buyers are encouraged to view the property to fully appreciate its potential.

Agent Details

Lampards, Queens Park

020 4572 4858

Next Steps?

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

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