2 Bed Terraced House, Single Let, SW1H 0AF, £2,400,000

55 Victoria Street, London, SW1H, SW1H 0AF - 7 months ago

Leasehold

BTL

140 m²

+7 photos

ValuationUndervalued

Sold Prices	£727K - £23.5M
Sold Prices/m²	£9.5K/m² - £42.8K/m²

Square Metres	140 m²
Price/m²	£17.1K/m²
Value Estimate	£2,880,000£2,880,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£600,000£600,000
Stamp Duty & Legal Fees	£272,450£272,450
Total Cash In	£872,450£872,450

Cash Out
Rent Range	£2,690 - £7,042£2,690 - £7,042
Rent Estimate	£2,715
Running Costs/mo	£8,063£8,063
Cashflow/mo	£-5,348£-5,348
Cashflow/yr	£-64,176£-64,176
Gross Yield	1%1%

Local Sold Prices

23 sold prices from £727K to £23.5M, average is £2.5M. £9.5K/m² to £42.8K/m², average is £22K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.5M	11/23	0.25 mi	3, Maunsel Street, London, Greater London SW1P 2QL	£14,225	102	2	Terraced House
£3.1M	08/21	0.27 mi	15, Lord North Street, London, Greater London SW1P 3LD	-	-	2	Terraced House
£3.1M	08/21	0.27 mi	15, Lord North Street, London, Greater London SW1P 3LD	-	-	2	Terraced House
£1.9M	09/22	0.61 mi	28, Ponsonby Terrace, London, Greater London SW1P 4QA	-	-	2	Terraced House
£2.8M	03/21	0.62 mi	37, Lower Belgrave Street, London, Greater London SW1W 0LS	£17,610	159	2	Terraced House
£2.8M	03/21	0.64 mi	37, Lower Belgrave Street, London, Greater London SW1W 0LS	£17,610	159	2	Terraced House
£930K	05/22	0.65 mi	68d, Denbigh Street, London, Greater London SW1V 2EX	-	-	2	Terraced House
£850K	08/21	0.67 mi	3, Moreton Terrace Mews South, London, Greater London SW1V 2NU	-	-	2	Terraced House
£3.5M	03/21	0.7 mi	22, Eaton Mews South, London, Greater London SW1W 9HP	£23,510	151	2	Terraced House
£2.2M	04/21	0.75 mi	48, Ebury Mews, London, Greater London SW1W 9NY	£25,460	87	2	Terraced House
£955.2K	08/22	0.76 mi	93a, Winchester Street, London, Greater London SW1V 4NX	£9,457	101	2	Terraced House
£1.9M	04/21	0.76 mi	28, Groom Place, London, Greater London SW1X 7BA	£20,430	93	2	Terraced House
£881K	11/22	0.79 mi	2, Lilac Place, London, Greater London SE11 5QQ	-	-	2	Semi-Detached House
£2.5M	01/23	0.86 mi	17, Eaton Mews North, London, Greater London SW1X 8AR	£31,013	79	2	Terraced House
£2.5M	01/21	0.86 mi	50a, Eaton Square, London, Greater London SW1W 9BE	£11,951	205	2	Terraced House
£727K	03/23	0.9 mi	17, Mcauley Close, London, Greater London SE1 7BX	-	-	2	Terraced House
£23.5M	11/23	0.91 mi	3, Grosvenor Crescent, London, Greater London SW1X 7EE	£23,666	993	2	Terraced House
£2.9M	06/21	0.93 mi	21, Ranelagh Grove, London, Greater London SW1W 8PA	£20,139	144	2	Terraced House
£740K	06/21	0.94 mi	23, Tyers Terrace, London, Greater London SE11 5LZ	-	-	2	Terraced House
£4.1M	05/21	0.94 mi	14, Grosvenor Crescent Mews, London, Greater London SW1X 7EU	£25,309	162	2	Terraced House
£1.4M	11/23	0.97 mi	28, Old Barrack Yard, London, Greater London SW1X 7NP	£24,855	55	2	Terraced House
£2.5M	06/21	0.98 mi	1a, Caroline Terrace, London, Greater London SW1W 8JS	-	-	2	Terraced House
£2.5M	06/22	0.99 mi	15, Caroline Terrace, London, Greater London SW1W 8JT	£42,832	57	2	Terraced House

Local Rents

50 rents from £2.7K/mo to £7K/mo, average is £4.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£5,500	11/24	0.01 mi	-	2	Flat
£6,000	01/25	0.01 mi	-	2	Flat
£5,950	04/25	0.01 mi	-	2	Flat
£5,950	03/25	0.01 mi	-	2	Flat
£4,745	09/24	0.02 mi	Luke House, Abbey Orchard Street	2	Flat
£5,200	09/24	0.04 mi	Abbey Orchard Street, Strutton Ground, SW1P	2	Flat
£5,200	09/24	0.04 mi	10 Abbey Orchard Street, Westminster, London	2	Flat
£5,200	09/24	0.05 mi	Abbey Orchard Street, Westminster, London, SW1P	2	Flat
£2,700	03/25	0.06 mi	-	2	Flat
£4,745	09/24	0.06 mi	Abbey Orchard Street, London	2	Flat
£4,550	09/24	0.06 mi	St Ann's Street	2	Flat
£4,996	09/24	0.06 mi	Artillery Mansions, 75 Victoria Street, Westminster, SW1P	2	Flat
£4,745	09/24	0.06 mi	Luke House, Abbey Orchard Street, Westminster	2	Flat
£4,745	09/24	0.06 mi	Luke House, SW1P	2	Flat
£4,333	09/24	0.06 mi	Luke House, Abbey Orchard Street, SW1P	2	Flat
£3,250	09/24	0.09 mi	Christchurch House, Caxton Street, Westminster, London, SW1H	2	Flat
£6,933	09/24	0.1 mi	Artillery Row, Westminster, SW1P	2	Flat
£3,848	09/24	0.1 mi	Artillery Row, London	2	Flat
£4,550	09/24	0.11 mi	-	2	Flat
£5,958	09/24	0.11 mi	Buckingham Gate, Westminster, SW1E	2	Flat
£7,042	09/24	0.11 mi	Buckingham Gate, Westminster, SW1E	2	Flat
£3,850	09/24	0.11 mi	Great Peter Street, Westminster, SW1P	2	Flat
£6,283	09/24	0.13 mi	Artillery Row, London, SW1P	2	Flat
£6,283	09/24	0.13 mi	Artillery Row, London, SW1P	2	Flat
£6,283	09/24	0.13 mi	Artillery Row, Westminster, London, SW1P	2	Flat
£6,283	09/24	0.13 mi	Artillery Row, Westminster, SW1P	2	Flat
£6,283	09/24	0.13 mi	8 Artillery Row, Victoria, London	2	Flat
£4,000	02/24	0.14 mi	-	2	Flat
£4,500	09/24	0.14 mi	-	2	Flat
£4,500	09/24	0.14 mi	Artillery Row, London, SW1P	2	Flat
£3,500	09/24	0.14 mi	Artillery Row, London, SW1P	2	Flat
£5,500	09/24	0.14 mi	-	2	Flat
£3,000	09/24	0.14 mi	-	2	Flat
£3,200	10/24	0.15 mi	-	2	Flat
£3,250	09/24	0.16 mi	Ormond House, Medway Street, Westminster, SW1P, SW1P	2	Flat
£4,550	09/24	0.16 mi	-	2	Flat
£5,000	09/24	0.16 mi	Chimes Apartments, Westminster London	2	Flat
£5,000	09/24	0.16 mi	Chimes Apartments, Westminster, London	2	Flat
£3,792	09/24	0.17 mi	Monck Street, Westminster	2	Flat
£3,792	09/24	0.17 mi	Monck Street, London SW1P	2	Flat
£3,683	09/24	0.18 mi	Vestry Court, 5 Monck Street, Westminster, London, SW1P	2	Flat
£3,400	10/24	0.18 mi	-	2	Flat
£5,000	04/25	0.18 mi	-	2	Flat
£3,792	09/24	0.19 mi	Bentinck House, 34 Monck Street, Westminster, London, SW1P	2	Flat
£4,117	02/25	0.19 mi	-	2	Flat
£4,550	09/24	0.19 mi	Wellington House, 70 Buckingham Gate, Westminster, London, SW1E	2	Flat
£3,500	09/24	0.19 mi	Monck Street, Pimlico, London, SW1P	2	Flat
£3,900	10/24	0.19 mi	-	2	Flat
£3,900	02/25	0.19 mi	-	2	Flat
£2,690	09/24	0.2 mi	-	2	Flat

Local Area Statistics

Population in SW1	52,47852,478
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.11 miles away0.11 miles away

Rental demand	Landlord's marketLandlord's market
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	-21%-21%

Property History

Listed for £2,400,000

September 18, 2024

Floor Plans

Description

This remarkable modern apartment is finished to a high standard, showcasing a vibrant and distinctive design that sets it apart from many other new apartments. Its contemporary style features a dynamic mix of colors and elements, complemented by under-floor heating and comfort cooling.

Located on the 3rd floor of a 'Manhattan loft-style' building, the apartment includes 2 spacious double bedrooms, 2 bathrooms, an open-plan living and kitchen area, a generous balcony, and access to both a residents' gym and a rooftop terrace.

Location:

55 Victoria Street is perfectly positioned in the heart of Westminster, offering easy access to iconic landmarks like Buckingham Palace, St James's Park, and Green Park. The surrounding areas of Victoria, Westminster, St James's, and Mayfair are bustling with shops, dining options, and entertainment.

Transport Links:

* St James's Park (Circle & District Lines): Approx. 0.1 miles (0.16 km)
* Victoria Station (Victoria Line and mainline services): Approx. 0.4 miles (0.64 km)
* Westminster (Jubilee Line): Approx. 0.5 miles (0.8 km)

*This property includes a service charge, which is reviewed annually and may be subject to change. Please contact us for more information regarding service charges.

Tenure: Leasehold (990 years)

Agent Details

Presence & Co, Tunbridge Wells

01892 362408

Next Steps?

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

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