3 Bed Flat, Refurb/BRRR, London, W9 1LX, £1,100,000

Lauderdale Mansions, Lauderdale Road, Maida Vale, London, W9 1LX - 4 views - 9 months ago

Leasehold
Refurb/BRRR
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£475K - £4.3M
Sold Prices/m²£6.1K/m² - £19.5K/m²

 

 

Square Metres

~93 m²
Price/m²£11.8K/m²

Value Estimate

£1,050,450

 

 

End Value (After Refurb)

£1,240,000

Uplift in Value

+13%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£275,000

Stamp Duty & Legal Fees

£85,450

Refurb Costs

£49,214

Bridging Loan Interest

£28,875

Total Cash In

£440,289

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,240,000

Mortgage (After Refinance)

£930,000

Mortgage LTV

75%

Cash Released

£105,000

Cash Left In

£335,289

Equity

£310,000

Rent Range

£2,500 - £17,333

Rent Estimate

£4,097

Running Costs/mo

£4,714

Cashflow/mo

£-617

Cashflow/yr

£-7,409

Gross Yield

4%

Local Sold Prices

50 sold prices from £475K to £4.3M, average is £1.1M. £6.1K/m² to £19.5K/m², average is £11.2K/m².

PriceDateDistanceAddressBeds 
£1.0M03/210.01 miFlat 83, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1LX3
£1.2M03/210.01 miFlat 33, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1LX3
£2.2M06/230.01 miFlat 53, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1LX3
£1.1M09/210.06 miFlat 176, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1NG3
£1.1M02/210.06 miFlat 144, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1NG3
£975K05/230.06 miFlat 168, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1NG3
£1.1M05/210.1 miFlat 240, Lauderdale Mansions, Lauderdale Road, London, Greater London W9 1NQ3
£1.1M03/230.1 miFlat 53, Castellain Mansions, Castellain Road, London, Greater London W9 1HE3
£1.4M09/210.11 miThird And Fourth Floor Flat, 149, Sutherland Avenue, London, Greater London W9 1ES3
£1.0M12/200.11 miFlat 19, Biddulph Mansions, Elgin Avenue, London, Greater London W9 1HZ3
£895.2K11/230.13 miCastellain Mansions, Flat 108, Castellain Road, London, Greater London W9 1HB3
£873K02/230.13 miFlat 112, Castellain Mansions, Castellain Road, London, Greater London W9 1HB3
£935K01/210.16 miFlat 15, Elgin Mansions, Elgin Avenue, London, Greater London W9 1JG3
£863K06/210.17 miFlat 31, Delaware Mansions, Delaware Road, London, Greater London W9 2LH3
£1.6M06/230.21 mi3b, Randolph Crescent, London, Greater London W9 1DP3
£3.8M01/210.23 mi22, Randolph Crescent, London, Greater London W9 1DR3
£1.3M01/230.23 mi178c, Randolph Avenue, London, Greater London W9 1PE3
£900K03/210.24 miFlat 16, Morshead Mansions, Morshead Road, London, Greater London W9 1LE3
£1.1M04/230.24 miFlat 23, Morshead Mansions, Morshead Road, London, Greater London W9 1LE3
£1.6M07/210.24 miFlat 15, Vale Court, Maida Vale, London, Greater London W9 1RT3
£915K05/210.26 miFlat 42, Morshead Mansions, Morshead Road, London, Greater London W9 1LF3
£565K02/210.29 miFirst Floor Flat, 106, Shirland Road, London, Greater London W9 2EQ3
£850K05/210.3 miFlat 76, Morshead Mansions, Morshead Road, London, Greater London W9 1LG3
£1.3M06/230.32 mi26c, Clarendon Gardens, London, Greater London W9 1AZ3
£1.8M10/210.32 miBasement, 22, Clarendon Gardens, London, Greater London W9 1AZ3
£580K11/230.34 mi57b, Sutherland Avenue, London, Greater London W9 2HF3
£825K03/210.35 miFirst Floor Flat, 10, Clarendon Gardens, London, Greater London W9 1AY3
£645K01/210.4 mi179, Scott Ellis Gardens, London, Greater London NW8 9RS3
£1.1M08/210.4 miFlat 45, Grove Hall Court, Hall Road, London, Greater London NW8 9NY3
£1.2M10/230.4 miFlat 40, Grove Hall Court, Hall Road, London, Greater London NW8 9NY3
£3.5M04/210.4 mi2, Lord Hills Road, London, Greater London W2 6PD3
£4.3M10/210.41 mi8a, Melina Place, London, Greater London NW8 9SA3
£2.4M03/210.44 miFlat A, 14, Maida Avenue, London, Greater London W2 1SR3
£1.6M12/200.47 miFlat 1, Westminster Court, Aberdeen Place, London, Greater London NW8 8JL3
£1.6M12/200.47 miFlat 1, Westminster Court, Aberdeen Place, London, Greater London NW8 8JL3
£525K08/210.5 mi29, Bourne Terrace, London, Greater London W2 6PA3
£695K06/210.51 miFlat 2, Fleming Lodge, Admiral Walk, London, Greater London W9 3TE3
£570K03/210.52 mi72, John Aird Court, London, Greater London W2 1UZ3
£1.8M09/230.52 miFlat 9, Neville Court, Abbey Road, St Johns Wood, London, Greater London NW8 9DD3
£740K12/200.52 miFlat 55, Greville Hall, Greville Place, London, Greater London NW6 5JT3
£2.4M12/200.52 miFlat 75, South Lodge, Circus Road, London, Greater London NW8 9EU3
£1.1M10/200.53 miFlat 403, Elm Tree Court, Elm Tree Road, London, Greater London NW8 9JT3
£1.3M03/240.53 miCentury Court, Flat 25, Grove End Road, London, Greater London NW8 9LD3
£1.2M07/230.53 miFlat 31, Century Court, Grove End Road, London, Greater London NW8 9LD3
£475K06/210.53 mi99b, Malvern Road, London, Greater London NW6 5PU3
£537.5K06/210.55 mi27, Burlington Close, London, Greater London W9 3LY3
£735K04/230.56 mi17a, Lydford Road, London, Greater London W9 3LU3
£1.3M02/210.56 miFlat 13, St. Marys Mansions, St Marys Terrace, London, Greater London W2 1SQ3
£1.3M09/230.57 miFlat 10, Abbey Court, Abbey Road, St Johns Wood, London, Greater London NW8 0AU3
£1.1M01/210.58 miFlat 46, St. Marys Mansions, St Marys Terrace, London, Greater London W2 1SH3

Local Rents

50 rents from £2.5K/mo to £17.3K/mo, average is £3.6K/mo.

RentDateDistanceAddressBeds 
£3,68310/240.03 miLauderdale Road, London, W93
£4,65002/250.03 mi-3
£4,69010/240.05 mi-3
£3,74910/240.05 miLauderdale Mansions, Lauderdale Road, London, W93
£3,75010/240.05 miLauderdale Mansions, Lauderdale Road, W93
£4,35010/240.05 mi-3
£4,35010/240.05 mi-3
£3,40010/240.05 miLauderdale Road, Maida Vale, W93
£2,70010/240.09 miCastellain Road, London, W93
£4,49810/240.09 miSutherland Avenue, Maida Vale, London, W93
£4,40010/240.1 mi-3
£6,50010/240.1 miSutherland Avenue, Maida Vale, W93
£3,90002/250.11 mi-3
£3,59910/240.11 miCastellain Mansions, London, W93
£3,59910/240.11 mi-3
£3,46710/240.13 miElgin Avenue, Maida Vale, W93
£3,25010/240.13 miBiddulph Mansions, Maida Vale, W93
£3,25010/240.13 miElgin Avenue, Maida Vale, W93
£3,59710/240.13 miCastellain Road, Maida Vale3
£3,95010/240.13 mi-3
£5,17810/240.14 miElgin Avenue, London, W93
£3,50010/240.15 miBiddulph Mansions, Elgin Avenue, W93
£3,12010/240.15 miBiddulph Mansions, Elgin Avenue, Maida Vale W93
£3,60004/250.15 mi-3
£4,55004/250.15 mi-3
£3,20010/240.16 miElgin Avenue Maida Vale W93
£3,50003/250.16 mi-3
£2,70002/240.16 mi-3
£3,25002/250.16 mi-3
£3,95010/240.16 mi-3
£2,79910/240.18 miCastellain Road, London3
£3,60002/250.19 mi-3
£4,30010/240.19 miLeith Mansions, Grantully Road, W93
£7,00002/250.2 mi-3
£5,28710/240.2 miWarwick Avenue, Little Venice, London, W93
£3,15004/250.21 mi-3
£4,98310/240.21 miClarendon Court, Maida Vale, Maida Vale, W93
£3,40010/240.21 miGrantully Road London W93
£3,60010/240.21 mi-3
£3,95301/250.21 mi-3
£5,30010/240.22 mi-3
£4,35010/240.22 miElnathan Mews Maida Vale W93
£3,99503/250.23 mi-3
£17,33310/240.23 miRandolph Avenue, London, W93
£2,60010/240.24 miMaida Vale, Maida Vale, London, W93
£2,90012/240.24 mi-3
£2,90003/250.24 mi-3
£3,25010/240.25 miRandolph Avenue, Maida Vale, London, W93
£4,35010/240.25 mi-3
£2,50004/250.25 mi-3

Local Area Statistics

Population in W9

37,724

Population in London

4,771,921

Town centre distance

3.46 miles away

Nearest school

0.20 miles away

Nearest train station

0.16 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+12%

Property History

Listed for £1,100,000

July 11, 2024

Floor Plans

Description

  • Three Double Bedrooms +
  • Family Bathroom +
  • Reception Room +
  • Dining Room +
  • Kitchen +
  • Balcony +
  • Communal Gardens +
  • Leasehold +

A rare opportunity to purchase a spacious (approximately 1033 sq. ft.) three bedroom second floor apartment in need of updating with a nice bright reception room forming part of one of the most sought after mansion blocks in the area. The apartment retains some attractive features including a large kitchen/breakfast room, high ceilings, access to a balcony and use of extensive communal gardens. Lauderdale Mansions are situated on a quiet tree lined residential street, within walking distance of local shops, cafés on Lauderdale Road, Paddington Recreation Ground and the underground at Maida Vale (Bakerloo line 0.3 Miles).

Agent Details

Winkworth, Maida Vale

020 3840 3330

Next Steps?

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