2 Bed Flat, Refurb/BRRR, London, W2 3HW £1,000,000

Porchester Gate, Bayswater Road, W2 3HW - 1 views - 8 months ago

Leasehold

Refurb/BRRR

~74 m²

ValuationUndervalued

Sold Prices	£200K - £9.2M
Sold Prices/m²	£4.5K/m² - £36.3K/m²

Square Metres	~73.86 m²
Price/m²	£13.5K/m²
Value Estimate	£1,020,611£1,020,611
BMV	2%

End Value (After Refurb)	£1,104,408£1,104,408
Uplift in Value	+10%+10%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£250,000£250,000
Stamp Duty & Legal Fees	£94,950£94,950
Refurb Costs	£42,971£42,971
Bridging Loan Interest	£26,250£26,250
Total Cash In	£415,921£415,921

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£1,104,408£1,104,408
Mortgage (After Refinance)	£828,306£828,306
Mortgage LTV	75%75%
Cash Released	£78,306£78,306
Cash Left In	£337,615£337,615
Equity	£276,102£276,102
Rent Range	£695 - £15,000£695 - £15,000
Rent Estimate	£3,353
Running Costs/mo	£4,142£4,142
Cashflow/mo	£-789£-789
Cashflow/yr	£-9,466£-9,466
Gross Yield	4%4%

Local Sold Prices

50 sold prices from £200K to £9.2M, average is £876K. £4.5K/m² to £36.3K/m², average is £11.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£820K	01/25	0.07 mi	6, Flat 3, Porchester Terrace, London W2 3TL	£10,000	82	2	Flat
£550K	04/25	0.09 mi	Flat 7a, Queens Court, Queensway, London W2 4QN	£7,639	72	2	Flat
£200K	02/23	0.11 mi	Flat 132a, Queens Court, Queensway, London, Greater London W2 4QS	-	-	2	Flat
£840K	08/25	0.15 mi	Flat 45, 13 16 Corringham, Craven Hill Gardens, London W2 3EH	-	-	2	Flat
£880K	03/25	0.24 mi	Basement, 25, Queen's Gardens, Bayswater, London W2 3BD	£8,984	98	2	Flat
£1.1M	06/23	0.26 mi	Flat 4, Saxon Hall, Palace Court, London, Greater London W2 4JA	-	-	2	Flat
£755K	06/21	0.28 mi	7a, Palace Court, London, Greater London W2 4LP	£8,032	94	2	Flat
£1.3M	01/25	0.29 mi	53, Basement Flat, Cleveland Square, London W2 6DB	-	-	2	Flat
£760K	04/24	0.3 mi	67, Flat C, Queens Gardens, London, Greater London W2 3AH	£13,818	55	2	Flat
£5.0M	02/25	0.33 mi	159, Apartment 501n, Queensway, London W2 4BL	£36,263	137	2	Flat
£500K	11/23	0.34 mi	Winchester House, 68, Hallfield Estate, London W2 6EB	£7,246	69	2	Flat
£812K	07/25	0.36 mi	Ground Floor Flat, 105, Gloucester Terrace, London W2 3HB	-	-	2	Flat
£875K	03/25	0.36 mi	Basement Flat, 59, Kensington Gardens Square, London W2 4BA	-	-	2	Flat
£450K	06/25	0.39 mi	15, Gloucester Mews, London W2 3HE	-	-	2	Flat
£450K	06/25	0.39 mi	15, Gloucester Mews, London W2 3HE	-	-	2	Flat
£341.3K	02/25	0.39 mi	Forbes House, Flat 24, Gloucester Terrace, London W2 3DA	£6,966	49	2	Flat
£925.1K	08/25	0.39 mi	37, Gloucester Mews, London W2 3HE	-	-	2	Flat
£512K	11/21	0.39 mi	Flat 68, Exeter House, Hallfield Estate, London, Greater London W2 6EN	-	-	2	Flat
£625K	10/23	0.39 mi	29, Mall Chambers, London, Greater London W8 4DZ	£24,539	25	2	Flat
£530K	08/23	0.39 mi	31, Mall Chambers, London, Greater London W8 4DZ	£11,778	45	2	Flat
£870K	06/25	0.4 mi	Flat 5, 83, Linden Gardens, London W2 4EU	£12,083	72	2	Flat
£870K	06/25	0.4 mi	Flat 5, 83, Linden Gardens, London W2 4EU	-	-	2	Flat
£545K	10/23	0.4 mi	22, Gloucester Terrace, London, Greater London W2 3DD	-	-	2	Flat
£1.0M	01/23	0.4 mi	Basement Flat, 44, Palace Gardens Terrace, London, Greater London W8 4RR	-	-	2	Flat
£845K	06/21	0.41 mi	Third Floor Flat, 28, Westbourne Terrace, London, Greater London W2 3UP	-	-	2	Flat
£900K	08/25	0.41 mi	Flat 5, 61, Linden Gardens, London W2 4HJ	-	-	2	Flat
£650K	09/23	0.41 mi	Third Floor Flat, 2, Leinster Square, London, Greater London W2 4PL	-	-	2	Flat
£1.8M	03/25	0.42 mi	First Floor Flat, 7, Strathmore Gardens, London W8 4RZ	-	-	2	Flat
£1.8M	03/25	0.42 mi	First Floor Flat, 7, Strathmore Gardens, London W8 4RZ	£28,571	63	2	Flat
£770K	03/23	0.42 mi	Basement Flat, 98, Westbourne Terrace, London, Greater London W2 6QE	£7,333	105	2	Flat
£1.2M	12/23	0.43 mi	23, Ground Floor Flat, Palace Gardens Terrace, London W8 4SA	£19,673	60	2	Flat
£455K	08/23	0.43 mi	Flat C, 9, Westbourne Grove Terrace, London, Greater London W2 5SD	£6,791	67	2	Flat
£877K	12/23	0.45 mi	71c, Westbourne Terrace, London, Greater London W2 3UY	£8,598	102	2	Flat
£9.2M	05/24	0.45 mi	1, Palace Gardens Terrace, London W8 4SA	£27,313	335	2	Flat
£1.4M	08/23	0.47 mi	7b, Berkeley Gardens, London, Greater London W8 4AP	£18,400	75	2	Flat
£1.1M	07/23	0.47 mi	169b, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£555K	05/23	0.47 mi	169d, Porchester Terrace North, London, Greater London W2 6BJ	-	-	2	Flat
£2.2M	03/25	0.48 mi	16, Edge Street, London W8 7PN	£18,782	119	2	Flat
£2.3M	11/22	0.51 mi	78, Kensington Church Street, London, Greater London W8 4BY	-	-	2	Flat
£900K	11/24	0.51 mi	1, Flat 5, Sheffield Terrace, London W8 7NG	£10,193	88	2	Flat
£3.8M	12/21	0.52 mi	31, Pembridge Villas, London W11 3EP	£16,964	224	2	Flat
£800K	07/25	0.53 mi	Flat 26, Church Close, Kensington Church Street, London W8 4EZ	-	-	2	Flat
£1.4M	01/25	0.53 mi	27c, Westbourne Park Road, London W2 5PX	£14,840	94	2	Flat
£1.2M	09/21	0.53 mi	27, Westbourne Park Road, London W2 5PX	£13,138	94	2	Flat
£1.9M	07/21	0.54 mi	62a, Pembridge Villas, London, Greater London W11 3ET	£19,204	99	2	Flat
£685K	12/21	0.54 mi	13, Sussex Square, London, Greater London W2 2SL	£9,133	75	2	Flat
£900K	07/21	0.54 mi	55, Sussex Square, London, Greater London W2 2SR	£11,842	76	2	Flat
£996K	04/25	0.55 mi	Flat 42, 1 The Westbourne, Artesian Road, London W2 5DL	£11,581	86	2	Flat
£1.6M	06/21	0.55 mi	28a, Pembridge Villas, London, Greater London W11 3EL	£18,396	89	2	Flat
£1.3M	06/23	0.57 mi	First Floor Flat, 36, Gloucester Walk, London, Greater London W8 4HY	£4,458	286	2	Flat

Local Rents

50 rents from £695/mo to £15K/mo, average is £3K/mo.

Rent	Date	Distance	Address	Beds	Type
£695	07/25	0.01 mi	Queensway, London	2	Flat
£3,100	11/25	0.02 mi	Centre Court Apartments, 69-71 Queensborough Terrace, London, W2	2	Flat
£5,000	06/25	0.02 mi	3-8 Porchester Gate, Bayswater Road, Hyde Park, W2	2	Flat
£15,000	10/25	0.02 mi	Park Modern, 123 Bayswater Road, W2	2	Flat
£15,000	11/25	0.02 mi	Park Modern, 123 Bayswater Road, W2	2	Flat
£2,600	11/25	0.05 mi	Consort House, Queensway, London	2	Flat
£3,500	09/25	0.06 mi	Bayswater, London, W2	2	Flat
£3,500	11/25	0.06 mi	Queensway, London	2	Flat
£2,900	06/25	0.06 mi	Consort House, Bayswater W2	2	Flat
£3,550	06/25	0.06 mi	Queensway, London, W2	2	Flat
£2,750	08/25	0.06 mi	Queensway, Hyde Park W2	2	Flat
£3,370	08/25	0.06 mi	Queensway, London, W2	2	Flat
£3,370	07/25	0.06 mi	Queensway, London, W2	2	Flat
£3,620	08/25	0.06 mi	Queensway, London, W2	2	Flat
£3,620	10/25	0.06 mi	Queensway, London, W2	2	Flat
£3,480	10/25	0.06 mi	Queensway, London, W2	2	Flat
£3,250	10/24	0.06 mi	Consort House, Queensway, W2	2	Flat
£2,579	07/25	0.07 mi	Queensborough Terrace, Bayswater, London, W2	2	Flat
£3,250	08/25	0.07 mi	Inverness Terrace, London, W2	2	Flat
£4,000	07/25	0.08 mi	Porchester Terrace, London, W2	2	Flat
£4,000	07/25	0.08 mi	-	2	Flat
£2,817	10/24	0.08 mi	Queensborough Terrace Bayswater W2	2	Flat
£2,817	10/24	0.08 mi	Queensborough Terrace Bayswater W2	2	Flat
£3,500	08/25	0.08 mi	Queensborough Terrace London W2	2	Flat
£3,400	11/25	0.08 mi	Queensborough Terrace London W2	2	Flat
£2,400	06/25	0.08 mi	Queensway, Bayswater W2	2	Flat
£2,900	08/25	0.08 mi	Queensborough Terrace, Lancaster Gate, W2	2	Terraced House
£2,650	10/25	0.08 mi	Inverness Terrace, Porchester Gate, W2	2	Flat
£2,800	10/24	0.09 mi	-	2	Flat
£2,838	10/24	0.09 mi	Queensway, W2	2	Flat
£2,838	10/24	0.09 mi	Queensway London W2	2	Flat
£715	06/25	0.09 mi	Queensway, London, W2	2	Flat
£2,903	07/25	0.09 mi	Queensway, London, W2	2	Flat
£2,999	10/24	0.09 mi	Queens Court, Queensway, London, W2	2	Terraced House
£2,800	10/24	0.09 mi	-	2	Flat
£3,000	10/24	0.09 mi	-	2	Flat
£3,141	09/25	0.09 mi	Queens Court, London	2	Flat
£3,000	07/25	0.09 mi	Queensborough Terrace, London, W2	2	Flat
£1,500	05/25	0.09 mi	Queens Court, Bayswater, Westminster, W2	2	Flat
£1,500	07/25	0.09 mi	Queens Court, Bayswater, Westminster, W2	2	Flat
£2,384	10/24	0.1 mi	Queensway, Queensway, London, W2	2	Flat
£2,600	12/24	0.11 mi	-	2	Flat
£5,000	10/24	0.12 mi	Caroline House, Bayswater Road, W2	2	Flat
£3,000	08/25	0.12 mi	Leinster Terrace, Bayswater, London, W2	2	Flat
£2,950	11/25	0.12 mi	Leinster Terrace, London, W2	2	Flat
£3,100	11/25	0.12 mi	Princess Court, Queensway, London, W2	2	Flat
£3,250	10/25	0.12 mi	Queensway, London, W2	2	Flat
£2,990	10/25	0.12 mi	Queensway, London, W2	2	Flat
£3,250	04/25	0.12 mi	-	2	Flat
£6,000	04/25	0.13 mi	-	2	Flat

Local Area Statistics

Population in W2	47,57447,574
Population in London	4,771,9214,771,921
Town centre distance	3.64 miles away3.64 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)	-12%-12%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-4%-4%

Property History

Price changed to £1,000,000

June 28, 2025

Price changed to £1,025,000

June 12, 2025

Listed for £1,150,000

March 12, 2025

Floor Plans

Description

This charming second-floor flat (with lift), spanning 795 sqft, offers two bedrooms and one bathroom, providing a comfortable living space in a highly sought-after location. With stunning park views of Hyde Park, the property is situated in a portered building with a lift, directly opposite the park. While the flat is in need of updating, it presents a fantastic opportunity to create a bespoke home in one of London’s most desirable areas. Conveniently located near local transport links, as well as the vibrant Queensway, this property offers both a tranquil setting and access to a wealth of amenities.

Selling your property in Porchester Gate? Trying to find your perfect home to buy? Register with Chestertons Hyde Park to get the full picture from the experts in the Porchester Gate market.

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Agent Details

Chestertons, Hyde Park

020 3835 4658

Next Steps?

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

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