2 bed End terrace house (for sale) Lancaster Gate, Lancaster Gate W2

£23,000,000
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London Property Zone
Britannia House, 1-11 Glenthorne Road, London
020 3478 3495
First Published

23rd Oct 2021

Last Published

22nd Nov 2021

 

Features

  • Type: End terrace house
  • Bedrooms: 2
  • Listing status: sale
  • Country: England

Description

Ideal large scale single dwelling or office conversion or hotel development or flat conversion project (stp) or next to Hyde Park.
7 story 2x adjoining houses in Lancaster Gate, W2 just 3-4 mins from Lancaster Gate tube with partial views of Hyde Park.
This is a total refub or remodelling project as the property had been left empty for over 10yrs!
Last use was a 60 bed hotel (Averard Hotel).

* Internal video clip now avaialbel for serious buyers on request *

Freehold property held in a spv - So no stamp duty on purchase!

Ideal Hotel restoration project!
Other possible opportunities include converting into luxury flats subject to planning.
Currently no planning in place for resi conversion.
Sold unconditionally only. Sorry, not offered on a jv for stp options.

Gross Internal Area as existing - 2350.35 m2 / 24,911 sq ft2

Scope to add more space at the back by adding 3x floors to part of the building !...

* * * Similar development properties wanted * * *

 

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

10 bed Detached house () Merton Lane, London N6 £40,000,000
0 bed () Gloucester Road, London SW7 £35,000,000
3 bed Flat () Knightsbridge, London SW1X £30,000,000
5 bed Terraced house () Park Place, St James's, London SW1A £25,000,000
9 bed Flat () Eaton Square, Belgravia, London SW1W £25,000,000
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