0 bed Terraced house (for sale) Botts Mews, Notting Hill, London W2

£5,500,000
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Savills - Notting Hill
168 Westbourne Grove, London
020 8022 3368
First Published

19th Jan 2023

Last Published

19th Jan 2023

 

Features

  • Type: Terraced house
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

An exceptionally rare opportunity to deliver two new substantial freehold mews houses

Description
Prime Central London Residential Development Opportunity

CGIs not to be relied upon. For indicative purposes only.

Location
The site is situated between Botts Mews and Birdstow Place, at the southern end of Chepstow Road, close to the junction with Westbourne Grove, Chepstow Place, Pembridge Villas. The Notting Hill neighborhood is characterised by grand Victorian stucco-fronted townhouses and colourful mews houses, set around private garden squares and fronting treelined streets. In recent years the area has established itself as a premier residential, retail and leisure destination.

The site is conveniently located approximately 800m from Notting Hill Gate (Central, District & Circle lines), approximately 900m from Westbourne Park (Circle and Hammersmith & City lines) and 1.2km from Paddington Station (National Rail, Elizabeth, Bakerloo, District Circle and Hammersmith & City lines). There are a number of major bus routes, which operate along Chepstow Road and Westbourne Grove.





Additional Info

Planning


The site falls under the jurisdiction of Westminster City Council and is not listed, but is located at the southern boundary of the Westbourne Conservation Area.

The Property has a long planning history and we have highlighted the relevant permissions. Planning permission (18/10476/full) was granted on 21 May 2019 for the following development:

“Demolition of existing buildings behind a retained facade of 2a Bridstow Place and erection of buildings to provide two single family dwellinghouses (Class C3) with integral garages and roof terraces and excavation of two storey basement and other associated works.”

Excavation was carried out under a previous consent granted in 2015 (14/02993/full), which allowed the same basement works, but previously did not allow the demolition of the bulk of the building. Evidence of lawful implementation is by a Certificate of Lawfulness for Existing Use or Development (16/10391/cleud). Discharge of Condition 3 (22/03019/adfull) was carried out as part of this implementation process.

Community infrastructure levy (cil)
We understand an outstanding cil payment is due of £450,000 (not subject to indexation). Figure not to be relied upon.

 

Local info for W2

Floor plan

 

Property Value Data/Graphs for W2

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 82.4% £1,222,815 2 1.6
Studio 5.5% £405,695 0 0.9
Terraced house 4.1% £4,616,053 8.4 6.4
Mews house 2% £2,186,036 2.8 2.3
Maisonette 1.6% £1,600,680 2.5 1.8
Other 1.5% £4,047,100 5.9 2
End terrace house 1% £15,388,929 39.9 0.6
Detached house 0.6% £3,474,375 4.4 3.3
Block of flats 0.4% £40,124,983 3.8 2.8
Town house 0.4% £12,504,167 31.8 4.5
Semi-detached house 0.4% £8,060,000 15.6 2.8

Area Information

Average Price Paid

£1,442,126

Sales

2643

Current Average Value

£1,785,829

Value Change

£343,703 23.8%

 

Current Asking Prices in W2 Average: £1,785,829

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £1,048,856 (7) £1,505,714 (21) £2,329,212 (33) £2,845,600 (25) £4,023,750 (20)
Flats £677,433 (368) £1,088,711 (476) £1,880,092 (251) £2,680,508 (53) £4,841,658 (6)
All £684,366 (375) £1,106,331 (497) £1,932,278 (284) £2,733,422 (78) £4,212,498 (26)

Nearby Properties

5 bed Flat () Knightsbridge, London SW1X £60,000,000
5 bed Terraced house () South Street, London W1K £35,000,000
3 bed Flat () Knightsbridge, London SW1X £30,000,000
7 bed Town house () Princes Gate, London SW7 £30,000,000
8 bed Town house () Princes Gate, London SW7 £30,000,000
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