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

MUNKENBECK BUILDING, HERMITAGE STREET, London, W2 1PW - 8 months ago
Under Offer
Leasehold
BTL
ROI: 2%
~65 m²
Property image

ValuationUndervalued

Sold Prices£250K - £2.9M
Sold Prices/m²£6.8K/m² - £24.3K/m²

 

 

Square Metres

~64.50 m²
Price/m²£8.9K/m²

Value Estimate

£678,119
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£48,700

Total Cash In

£192,450

 

 

Cash Out

 

Rent Range

£923 - £6,045

Rent Estimate

£2,681

Running Costs/mo

£2,353

Cashflow/mo

£328

Cashflow/yr

£3,935

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £250K to £2.9M, average is £792.5K. £6.8K/m² to £24.3K/m², average is £10.5K/m².

Price
Date
Distance
Address
Beds
 
£850K05/230.22 miPeninsula Apartments, Third Floor Flat 1, Praed Street, London W2 1JE2
£877K12/230.27 mi71c, Westbourne Terrace, London, Greater London W2 3UY2
£770K03/230.29 miBasement Flat, 98, Westbourne Terrace, London, Greater London W2 6QE2
£550K09/230.32 mi11c, Penfold Street, London, Greater London NW1 6RU2
£925.1K08/250.32 mi37, Gloucester Mews, London W2 3HE2
£2.2M01/250.34 mi7, Radnor Mews, London, Greater London W2 2SA2
£450K06/250.34 mi15, Gloucester Mews, London W2 3HE2
£450K06/250.34 mi15, Gloucester Mews, London W2 3HE2
£2.9M08/210.35 miFirst Floor Flat, 35, Blomfield Road, London, Greater London W9 2PF2
£825K10/210.35 mi61, The Quadrangle, London, Greater London W2 2RR2
£812K07/250.36 miGround Floor Flat, 105, Gloucester Terrace, London W2 3HB2
£845K06/210.36 miThird Floor Flat, 28, Westbourne Terrace, London, Greater London W2 3UP2
£420K03/250.38 miFlat 8, 58 74 Frampton House, Frampton Street, London NW8 8LY2
£600K04/240.38 miThe Water Gardens, 301, Burwood Place, London W2 2DQ2
£341.3K02/250.38 miForbes House, Flat 24, Gloucester Terrace, London W2 3DA2
£565K08/250.38 miFlat 7, Cunningham Court, Maida Vale, London W9 1AE2
£525K08/250.39 mi243, The Water Gardens, Burwood Place, London W2 2DG2
£1.5M07/210.39 miUpper Maisonette, 8, Clarendon Gardens, London, Greater London W9 1AY2
£685K12/210.4 mi13, Sussex Square, London, Greater London W2 2SL2
£900K07/210.4 mi55, Sussex Square, London, Greater London W2 2SR2
£750K01/250.41 miOxford And Cambridge Mansions, Flat 8a, Transept Street, London NW1 5EH2
£1.3M01/250.41 mi53, Basement Flat, Cleveland Square, London W2 6DB2
£512K11/210.41 miFlat 68, Exeter House, Hallfield Estate, London, Greater London W2 6EN2
£760K04/240.41 mi67, Flat C, Queens Gardens, London, Greater London W2 3AH2
£545K10/230.41 mi22, Gloucester Terrace, London, Greater London W2 3DD2
£575K06/210.42 miFlat 157, Park West, Edgware Road, London, Greater London W2 2QP2
£980K09/210.43 miFlat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£1.0M08/210.43 miFlat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX2
£500K11/230.44 miWinchester House, 68, Hallfield Estate, London W2 6EB2
£1.1M07/230.44 mi169b, Porchester Terrace North, London, Greater London W2 6BJ2
£555K05/230.44 mi169d, Porchester Terrace North, London, Greater London W2 6BJ2
£250K03/230.44 miFlat 10, Cotes House, Ashbridge Street, London, Greater London NW8 8DG2
£1.2M06/210.44 miFlat 29, Clifton Court, Northwick Terrace, London, Greater London NW8 8HT2
£915K05/250.44 miFlat 12, Melbourne Court, Randolph Avenue, London W9 1BJ2
£667K11/240.46 miClifton Court, Flat 20a, Northwick Terrace, London NW8 8HT2
£1.0M03/250.46 miFlat 47, 199 205, Old Marylebone Road, London NW1 5QR2
£880K03/250.47 miBasement, 25, Queen's Gardens, Bayswater, London W2 3BD2
£708K01/250.47 miFlat 9, Varsity Court, Homer Street, London W1H 4NW2
£708K01/250.47 miVarsity Court, Flat 9, Homer Street, London W1H 4NW2
£708K01/250.47 miFlat 9, Varsity Court, Homer Street, London W1H 4NW2
£360K08/230.47 mi3d, Gateforth Street, London, Greater London NW8 8EH2
£1.4M04/250.48 mi2b, Randolph Crescent, London W9 1DR2
£910K05/250.48 miFlat 11, Charter Court, Harcourt Street, London W1H 4HE2
£910K05/250.48 miFlat 11, Charter Court, Harcourt Street, London W1H 4HE2
£410K03/250.49 miGround Floor Flat, 16, Cosway Street, London NW1 5NR2
£810K09/230.49 miFlat 13, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU2
£775K08/230.49 miFlat 16, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU2
£1.1M06/250.5 mi14c, Randolph Crescent, London W9 1DR2
£1.1M06/250.5 mi14c, Randolph Crescent, London W9 1DR2
£1.7M03/230.51 mi47e, Randolph Avenue, London, Greater London W9 1BQ2

Local Rents

50 rents from £923/mo to £6K/mo, average is £4.2K/mo.

Rent
Date
Distance
Address
Beds
 
£4,33305/250 miMunkenbeck Building2
£3,57508/250 miMunkenbeck Building Hermitage Street Paddington W22
£3,40008/250.01 miHermitage Street, London2
£3,68309/250.02 miHermitage Street Paddington W22
£3,46710/240.02 miMarshall Building, Paddington, London, W22
£3,79211/250.02 miHermitage Street, Westminster, London, W22
£3,75007/250.02 miMarshall Building, 3 Hermitage Street, London, W22
£4,00008/250.02 miPaddington Exchange 2, Hermitage Street, Paddington W22
£3,75009/250.02 miMarshall Building, 3 Hermitage Street, W22
£3,75011/250.02 miMarshall Building, 3 Hermitage Street, W22
£3,85710/240.03 mi-2
£4,00008/250.03 miPaddington Exchange Paddington W22
£4,00007/250.03 miHermitage Street, W2, Paddington, London, W22
£2,68110/240.03 miNorth Wharf Road, London, W22
£4,33309/250.03 miHermitage Street Paddington W22
£4,18111/250.03 miNorth Wharf Road, Paddington Basin, London, W22
£4,00007/250.03 miHermitage Street, London, W22
£3,46710/240.03 miHermitage Street, Paddington2
£4,00010/250.03 miHermitage Street, Paddington Basin2
£3,15010/240.04 mi-2
£3,00007/250.04 mi-2
£1,10006/250.04 miHermitage Street, London, W22
£3,99908/250.04 miHermitage Street, London, W22
£2,75008/250.05 miPaddington, London, W22
£3,40001/250.05 mi-2
£5,24810/250.05 miPaddington Gardens, North Wharf Road, W22
£5,24811/250.05 miPaddington Gardens, North Wharf Road, W22
£4,50010/240.05 mi3 Canalside Walk, London2
£4,50007/250.05 mi3 Canalside Walk, London2
£4,30007/250.05 mi3 Canalside Walk, London, W22
£4,50009/250.05 mi3 Canalside Walk, London, W22
£4,50007/250.05 miCanalside Walk, London, W22
£4,49807/250.05 miCanalside Walk, Paddington Basin2
£4,49809/250.05 miCanalside Walk, Hyde Park2
£4,50010/250.06 miCanalside Walk, Paddington, W22
£4,25010/240.06 miCanalside Walk, Paddington, W22
£4,33309/250.06 mi3 Canalside Walk, Paddington, London2
£4,33306/250.06 mi3 Canalside Walk, London, W22
£4,00006/250.06 miCanalside Walk, Paddington, W22
£4,50009/250.06 miCanalside Walk Paddington W22
£4,50008/250.06 miCanalside Walk Paddington W22
£92307/250.06 miCanalside Walk, Paddington, W22
£4,55010/240.07 miBetula House Paddington W22
£4,55010/240.07 miNorth Wharf Road Paddington W22
£4,74510/240.07 miBetula House Paddington W22
£4,55010/240.07 miBetula House Paddington W22
£5,41607/250.07 miNorth Wharf Road Paddington W22
£4,30008/250.07 miNorth Wharf Road Paddington W22
£4,55008/250.07 miBetula House Paddington W22
£6,04510/250.07 miNorth Wharf Road Paddington W22

Local Area Statistics

Population in W2

47,574

Population in London

4,771,921

Town centre distance

3.09 miles away

Nearest school

0.20 miles away

Nearest train station

0.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-12%

Sales demand

Buyer's market

Capital growth (5yrs)

-4%

Property History

Listed for £575,000

March 11, 2025

Sold for £482,000

2007

Floor Plans

Property image

Description

  • Open Plan Kitchen/Reception/Dining +
  • Two Double Bedrooms +
  • En-Suite Bathroom +
  • Shower Room +
  • 24 Hour Concierge +
  • Lift +
  • Video Entry System +
  • Underground Parking (available at £230 pcm) +
  • Comfort Cooling +

A two-bedroom apartment extending to 694 sq ft, situated on the first floor of this fantastic development.

The Munkenbeck Building forms part of this popular modern development, located in Zone 1 in the heart of Paddington, one of the most well-connected areas of London. It is superbly positioned for all the shops, cafes, and restaurants in the area, with connections to Heathrow Airport (approximately 15 minutes). Marylebone, Hyde Park and Mayfair are all within easy reach.

Agent Details

Plaza Estates, Marble Arch

020 3869 0912

Next Steps?

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