2 Bed Flat, Single Let, London, NW1 5NY, £475,000

Sheringham House, Lisson Street, London, NW1 5NY - 3 views - a month ago

Leasehold

Auction

BTL

ROI: 4%

~68 m²

+12 photos

ValuationUndervalued

Sold Prices	£250K - £1.8M
Sold Prices/m²	£7.9K/m² - £17.9K/m²

Square Metres	~68.11 m²
Price/m²	£7K/m²
Value Estimate	£584,250£584,250
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£118,750£118,750
Stamp Duty & Legal Fees	£36,200£36,200
Total Cash In	£154,950£154,950

Cash Out
Rent Range	£2,249 - £8,333£2,249 - £8,333
Rent Estimate	£2,490
Running Costs/mo	£2,002£2,002
Cashflow/mo	£488£488
Cashflow/yr	£5,852£5,852
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

51 sold prices from £250K to £1.8M, average is £780K. £7.9K/m² to £17.9K/m², average is £12.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£398K	10/20	0.07 mi	63a, Lisson Street, London, Greater London NW1 5DA	£11,031	36	2	Flat
£660K	12/20	0.12 mi	Flat 6, Cosway Mansions, Shroton Street, London, Greater London NW1 6UE	-	-	2	Flat
£905K	09/21	0.12 mi	25a, Harcourt Street, London, Greater London W1H 4HN	£14,141	64	2	Flat
£550K	09/23	0.12 mi	11c, Penfold Street, London, Greater London NW1 6RU	-	-	2	Flat
£990K	09/22	0.13 mi	First And Second Floor Flat, 2, Harcourt Street, London, Greater London W1H 4EX	-	-	2	Flat
£775K	08/23	0.15 mi	Flat 16, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£810K	09/23	0.15 mi	Flat 13, Crawford Mansions, Crawford Street, London, Greater London W1H 4JU	-	-	2	Flat
£475K	01/21	0.19 mi	Flat 12, Cotes House, Ashbridge Street, London, Greater London NW8 8DG	-	-	2	Flat
£250K	03/23	0.19 mi	Flat 10, Cotes House, Ashbridge Street, London, Greater London NW8 8DG	-	-	2	Flat
£1.1M	06/21	0.22 mi	Flat 77, Clarewood Court, Crawford Street, London, Greater London W1H 2NW	-	-	2	Flat
£780K	02/23	0.22 mi	Flat 40, Clarewood Court, Seymour Place, London, Greater London W1H 2NL	-	-	2	Flat
£575K	06/21	0.23 mi	Flat 157, Park West, Edgware Road, London, Greater London W2 2QP	-	-	2	Flat
£975K	06/21	0.24 mi	Flat 12, Sherwood Court, Seymour Place, London, Greater London W1H 5TH	-	-	2	Flat
£970K	06/23	0.24 mi	Flat 7, Sherwood Court, Seymour Place, London, Greater London W1H 5TH	-	-	2	Flat
£680K	08/21	0.24 mi	Flat 25, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU	-	-	2	Flat
£467.5K	10/23	0.24 mi	Flat 22, Wimborne House, Harewood Avenue, London, Greater London NW1 6NU	-	-	2	Flat
£520K	02/21	0.25 mi	Flat 14, Princess Court, Bryanston Place, London, Greater London W1H 2DF	-	-	2	Flat
£550K	09/23	0.26 mi	Flat 16, Farnham House, Harewood Avenue, London, Greater London NW1 6NT	-	-	2	Flat
£750K	11/22	0.27 mi	Flat 1, Harrowby Court, Harrowby Street, London, Greater London W1H 5FA	-	-	2	Flat
£360K	08/23	0.28 mi	3d, Gateforth Street, London, Greater London NW8 8EH	-	-	2	Flat
£1.4M	09/23	0.28 mi	Flat B, 30, Upper Montagu Street, London, Greater London W1H 1RP	-	-	2	Flat
£1.4M	09/23	0.28 mi	Flat B, 30, Upper Montagu Street, London, Greater London W1H 1RP	-	-	2	Flat
£720K	04/23	0.29 mi	Flat 20, Mordern House, Harewood Avenue, London, Greater London NW1 6NR	-	-	2	Flat
£1.1M	04/23	0.3 mi	Flat 7, Bryan Court, Seymour Place, London, Greater London W1H 2NE	-	-	2	Flat
£675K	10/23	0.31 mi	3, Linhope Street, London, Greater London NW1 6ES	£7,941	85	2	Flat
£1.2M	01/21	0.32 mi	15, Montagu Mews North, London, Greater London W1H 2JR	£14,390	82	2	Flat
£507.5K	03/21	0.32 mi	First Floor Flat, 59, Balcombe Street, London, Greater London NW1 6HD	£15,379	33	2	Flat
£610K	03/23	0.32 mi	Second Floor Flat, 14, Crawford Street, London, Greater London W1H 1BP	-	-	2	Flat
£825K	10/21	0.33 mi	61, The Quadrangle, London, Greater London W2 2RR	£8,777	94	2	Flat
£1.6M	11/22	0.34 mi	20, Bryanston Mews East, London, Greater London W1H 2DB	£14,096	114	2	Flat
£735K	06/21	0.34 mi	Flat 66, Dorset House, Gloucester Place, London, Greater London NW1 5AE	-	-	2	Flat
£675K	04/23	0.35 mi	Flat 135, Park West, Edgware Road, London, Greater London W2 2QP	-	-	2	Flat
£780K	01/21	0.37 mi	4a, Norfolk Place, London, Greater London W2 1QN	£10,986	71	2	Flat
£685K	01/21	0.38 mi	Flat 189, Clarence Gate Gardens, Glentworth Street, London, Greater London NW1 6AR	-	-	2	Flat
£850K	06/22	0.39 mi	9, Montagu Mansions, London, Greater London W1U 6LB	£15,455	55	2	Flat
£1.1M	12/20	0.39 mi	Ground Floor Flat, 49 - 50, Kendal Street, London, Greater London W2 2BP	£11,538	91	2	Flat
£570K	06/21	0.4 mi	Front Basement Flat, 11, Montagu Square, London, Greater London W1H 2LD	-	-	2	Flat
£950K	02/21	0.4 mi	Flat 118, Rossmore Court, Park Road, London, Greater London NW1 6XZ	£11,310	84	2	Flat
£638K	03/23	0.4 mi	Flat 115, Rossmore Court, Park Road, London, Greater London NW1 6XZ	-	-	2	Flat
£850K	10/23	0.41 mi	Flat B, 12, Montagu Row, London, Greater London W1U 6ED	-	-	2	Flat
£1.8M	03/21	0.41 mi	68, Montagu Mansions, London, Greater London W1U 6LE	£10,261	175	2	Flat
£1.6M	06/21	0.41 mi	76, Montagu Mansions, London, Greater London W1U 6LE	£17,857	89	2	Flat
£1.3M	08/23	0.41 mi	51, Montagu Mansions, London, Greater London W1U 6LD	£16,211	81	2	Flat
£1.2M	01/23	0.44 mi	Flat 36, Chalfont Court, Baker Street, London, Greater London NW1 5RS	-	-	2	Flat
£650K	01/21	0.46 mi	30, Radnor Mews, London, Greater London W2 2SA	-	-	2	Flat
£645K	10/23	0.46 mi	Flat 20, York Mansions, Chiltern Street, London, Greater London W1U 5AL	-	-	2	Flat
£1.3M	03/23	0.47 mi	15, Great Cumberland Mews, London, Greater London W1H 7DZ	-	-	2	Flat
£1.2M	07/22	0.5 mi	Flat 27, St Andrews Mansions, Dorset Street, London, Greater London W1U 4EQ	-	-	2	Flat
£1.1M	08/21	0.51 mi	Flat 66, Abbey Lodge, Park Road, London, Greater London NW8 7RL	-	-	2	Flat
£1.0M	08/21	0.52 mi	Flat 73, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat
£980K	09/21	0.52 mi	Flat 74, Clifton Court, Northwick Terrace, London, Greater London NW8 8HX	-	-	2	Flat

Local Rents

50 rents from £2.2K/mo to £8.3K/mo, average is £3.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,350	12/24	0.04 mi	-	2	Flat
£2,600	04/25	0.04 mi	-	2	Flat
£3,033	06/24	0.04 mi	Lisson Street, London	2	Flat
£2,250	02/25	0.05 mi	-	2	Flat
£3,140	02/24	0.05 mi	-	2	Flat
£2,500	06/24	0.06 mi	Bell Street, Westminster, NW1	2	Flat
£2,500	06/24	0.06 mi	-	2	Flat
£2,650	12/24	0.06 mi	-	2	Flat
£2,850	06/24	0.06 mi	Aquarius House, 57A Lisson Street, London, NW15DA	2	Flat
£2,708	06/24	0.06 mi	Bedford House, Lisson Street, Marylebone NW1	2	Flat
£2,249	06/24	0.06 mi	Cosway Street, Marylebone, NW1	2	Flat
£2,882	06/24	0.06 mi	Lisson Street, Marylebone, London, NW1	2	Flat
£5,200	06/24	0.07 mi	-	2	Flat
£2,752	06/24	0.07 mi	Bell Street, Marylebone, London, NW1	2	Flat
£5,500	12/24	0.07 mi	-	2	Flat
£4,500	12/24	0.07 mi	-	2	Flat
£4,500	12/24	0.07 mi	-	2	Flat
£3,100	02/25	0.07 mi	-	2	Flat
£3,500	02/25	0.07 mi	-	2	Flat
£2,383	06/24	0.07 mi	Bell Street London NW1	2	Flat
£4,225	06/24	0.07 mi	Marylebone Road, Marylebone, London, NW1	2	Flat
£4,225	06/24	0.08 mi	Marylebone Road London NW1	2	Flat
£2,383	06/24	0.08 mi	Bendall House, 89 Bell Street, Marylebone, London, NW1	2	Flat
£2,490	06/24	0.08 mi	-	2	Flat
£2,492	12/24	0.08 mi	-	2	Flat
£2,490	06/24	0.08 mi	Daventry Street, London, NW1	2	Flat
£2,492	06/24	0.08 mi	Daventry Street, London, NW1	2	Flat
£4,200	06/24	0.08 mi	-	2	Flat
£4,225	06/24	0.08 mi	Marylebone Road, Marylebone	2	Flat
£3,550	04/25	0.09 mi	-	2	Flat
£2,700	12/24	0.09 mi	-	2	Flat
£2,950	06/24	0.09 mi	Bell Street, London, NW1	2	Flat
£3,000	12/24	0.09 mi	-	2	Flat
£3,000	12/24	0.09 mi	-	2	Flat
£3,250	06/24	0.09 mi	Wallace Court, London, NW1	2	Flat
£4,225	10/24	0.09 mi	Marylebone Road, Marylebone, London, NW1	2	Flat
£4,000	12/24	0.09 mi	-	2	Flat
£3,700	12/24	0.09 mi	-	2	Flat
£3,100	02/25	0.09 mi	-	2	Flat
£7,850	03/25	0.09 mi	-	2	Flat
£3,100	02/25	0.09 mi	-	2	Flat
£3,590	01/25	0.09 mi	-	2	Flat
£2,383	06/24	0.09 mi	Bell Street, Marylebone, London, NW1	2	Flat
£2,600	10/24	0.1 mi	-	2	Flat
£3,684	06/24	0.1 mi	Stalbridge Street, Lisson Grove, London, NW1	2	Flat
£3,300	12/24	0.1 mi	-	2	Flat
£7,583	03/24	0.1 mi	Old Marylebone Road, London, NW1	2	Flat
£4,200	12/24	0.1 mi	-	2	Flat
£2,600	02/25	0.1 mi	-	2	Flat
£8,333	06/24	0.1 mi	-	2	Flat

Local Area Statistics

Population in NW1	60,29460,294
Population in London	4,771,9214,771,921
Town centre distance	2.67 miles away2.67 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.07 miles away0.07 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-3%-3%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-4%-4%

Property History

Listed for £475,000

March 14, 2025

Description

This sale is conditional and is subject to confirmation by the seller, who will accept or decline the highest bid no longer than two working days from the bidding closing time. +
This listing is provided in association with Foxtons, London's leading estate agent. +
Charming two bedroom ground floor apartment within a secure development +
Spacious private outdoor space unusual for this locale +
Bright and airy reception room +
Two good size double bedrooms, one with fitted wardrobes +
Well-maintained bathroom with additional guest cloakroom +
Allocated storage room +
Gross internal floor area is approximately 546 Sq Ft (50.73 Sq M) +
Online Auction on Thursday, 24 April 2025 +

Unusually well-maintained ground floor apartment with a generous garden, modern kitchen, spacious reception with lots of light and two good size double bedrooms. Provides exceptional access to Edgware Road station. Additional Comments BidX1 and Foxtons are working in Partnership as Joint Agents for the online auction and due to this any enquiries, viewings, bids or offers on the property will require your details to be shared between both Bidx1 & Foxtons. Viewings are by appointment only unless open house times are displayed, please contact us to book your appointment with our Auction teams. Subject to confirmation This means the buyer is invited to place a bid at or above the opening bid price of the listed property. Once bidding is closed, the vendor has 48 hours to decide if they want to accept the highest bid or not. If you are not the highest bidder your participation fee will be refunded in full within a maximum of 5 business days (unless delayed by the card provider) post the bidding closing time. If you are successful following vendor acceptance, in accordance with the authority you provided on registration, BidX1 will sign legally binding contracts relating to the sale of the property on behalf of you and the vendor.

Location:
Well-located for a range of public transport options; Edgware Road underground is nearby offering direct links to the city while Marylebone Road provides motorists with access across the city and beyond.

Tenancy:
Please refer to legal documents.

Accomodation:
Ground floor: kitchen, reception room, two bedrooms, bathroom, WC, garden.

Online Auction on Thursday, 24 April 2025. For further information, such as legal documents and property information, please visit bidx1.com.

Agent Details

BidX1, London

020 3910 6202

Next Steps?

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