Property · W2 2PN
Sold STCListed 34 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire the freehold interest in a block of five lockup garages, situated outside the congestion charging zone, to the rear of Somers Crescent, London W2.
The garages are securely accessed via gated entry through Devonport, a neighbouring residential development, providing a high level of security and privacy.
The existing garages would benefit from refurbishment and modernisation or alternatively could be demolished and replaced with a more contemporary structure, subject to the necessary planning permissions.
The vendor believes there may be scope to remove the internal dividing walls to create a larger, open plan garage space if preferred, while retaining the surrounding rear and side wall structures, subject to structural advice, however this has not been verified.
The garages are well positioned just outside the Congestion Charge zone and within walking distance of Hyde Park, Marylebone and Mayfair.
Excellent transport links are nearby, with Paddington Station providing access to the Elizabeth Line, Heathrow Express and mainline services.
The Church Commissioners is a registered charity (ch no 1140097), subject to charity law and regulated by the Charity Commission.
As a charity, we are bound to comply with the law and our governance arrangements when dealing with our land.
This means that we owe a legal duty to secure the best terms that can be reasonably obtained on disposal.
During the sale process, we therefore reserve our right to continue to consider all offers received, in our discretion, up until contracts are legally exchanged.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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
Agent & docs
FAQ
About Garages 1- 5,, Somers Crescent, London
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