2-bedroom flat · SW1P 4LY
For saleReduced £100k (−8.3%) on 16 JulListed 215 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An immaculately presented 2 bedroom apartment on the first floor of this luxury development, the building benefits from 24hr concierge.
The property has an open-plan kitchen and living room with 3-meter-high ceilings. The principal bedroom suite offers fitted wardrobes and a bathroom.
The second bedroom has fitted wardrobes and there is a separate family bathroom. The property features comfort cooling, and underfloor heating and storage off the corridor.
The property benefits from a 24-hour concierge. Additional information We have been informed that the primary external wall materials of the building/block have been assessed for fire safety.
The assessor concluded that the fire risk of the external wall materials is sufficiently low that no remedial works are required.
If you have any further questions, you should seek independent professional advice Drake House, Marsham Street is centrally located and is just a short distance away from Whitehall, The Houses of Parliament, Westminster Abbey, Buckingham Palace, and the Tate Gallery.
The transport links of St James's Park, Westminster, and Victoria are all within a short distance.
The neighboring area offers fantastic shopping services of Regents Street, Oxford Street, Mayfair, and Knightsbridge. In the immediate region, there is a choice of amenities, restaurants, and cafes.
Nearby transportation links include Pimlico Underground Station (Victoria line) 0.5 miles, St James's Park Underground Station (Circle and District lines) 0.5 miles and Westminster Underground Station (Circle, District and Jubilee lines) 0.6 miles.
(All times and distances are approximate)
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 4, Drake House, London
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