0 bed Block of flats (for sale) Lancaster Gate, London W2

£25,000,000
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Residenza Properties Tooting Ltd
232 Upper Tooting Road, London
020 8166 7557
First Published

13th Oct 2020

Last Published

13th Oct 2020

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Situated at the easterly end of Lancaster Gate and occupying a prominent corner plot, the two buildings are part of what was an outstanding mid 19th century urban design and residential development, structured around a wide street, originally titled Upper Hyde Park Gardens, since renamed Lancaster Gate, running east-west, parallel to and north of the Bayswater Road and Hyde Park/Kensington Gardens.

Originally designed as two individual homes and converted into one hotel in the 1930"s both are white stucco fronted buildings with classical detailing and portico entrances.

The five storey building with one-level basement and attic was formally known as the Averard Hotel and combined, both buildings total just under 25,000 sq ft of gross internal space, both containing original, ornate interior work, some of it unique.

The properties currently have C1 Hotel use but ceased to function as a hotel in approximately 2008 and have since been unoccupied.

 

Local info for W2

Floor plan

 

Property Value Data/Graphs for W2

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 80.1% £1,331,512 2 1.5
Studio 5.6% £428,071 0.1 0.9
Terraced house 3.5% £5,096,548 7.1 2.6
Other 3% £3,343,889 4.7 2
Mews house 2.2% £2,807,037 3.3 1.9
Maisonette 1.7% £2,869,524 3 2.2
End terrace house 1.6% £21,210,000 46.2 4.3
Semi-detached house 1.2% £13,792,857 24.5 1.9
Detached house 0.7% £3,418,125 3.9 3.4
Block of flats 0.2% £78,575,000 3.7 0
Parking/garage 0.2% £847,500 1 1
Villa 0.1% £0 0 0

Area Information

Average Price Paid

£1,417,550

Sales

3335

Current Average Value

£2,202,041

Value Change

£784,491 55.3%

 

Current Asking Prices in W2 Average: £2,202,041

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £2,840,000 (10) £1,560,294 (17) £2,795,741 (27) £3,266,897 (29) £4,975,000 (26)
Flats £657,698 (314) £1,146,173 (391) £1,905,172 (225) £3,607,019 (52) £5,244,091 (11)
All £725,053 (324) £1,163,428 (408) £2,000,590 (252) £3,485,247 (81) £5,055,000 (37)

Nearby Properties

12 bed Terraced house () Upper Grosvenor Street, London W1K £54,500,000
0 bed () Brook Street, London W1K £50,000,000
7 bed Semi-detached house () Walton Street, Knightsbridge, London SW3 £44,000,000
7 bed Terraced house () Ilchester Place, Holland Park, London W14. £32,000,000
8 bed Detached house () St Johns Wood Park, St Johns Wood, London NW8 £32,000,000
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