2-bedroom flat · NW3 4EY
For saleReduced £50k (−6.7%) on 23 SepListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Two-Bedroom Period Conversion on Lancaster Drive, NW3. Located on the serene and picturesque Lancaster Drive in NW3, this well-presented two-bedroom period conversion offers approximately 700 sq.
Ft. Of comfortable living space. A Two-Bedroom Period Conversion on Lancaster Drive, NW3.
Located on the serene and picturesque Lancaster Drive in NW3, this well-presented two-bedroom period conversion offers approximately 700 sq. Ft. Of comfortable living space.
Set within a charming Victorian building, the property occupies the entire raised ground floor and retains many original features, including high ceilings and large sash windows, which create a bright and spacious atmosphere.
The generously sized reception room is ideal for both relaxation and entertaining.
Both bedrooms are well proportioned double rooms, making this property suitable for first-time buyers, couples, downsizers, or small families.
A family bathroom with clean, neutral finishes completes the accommodation.
We would highly recommend viewing this property to truly appreciate this practical, charming and inviting home situated in a sought-after location in the heart of Belsize Park.
Property Information Leasehold Lease Term : 125 years from 8 March 2002 Ground Rent: £250 per annum Service Charges: Approx. £4k per annum
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
Agent & docs
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FAQ
About Ground Floor Flat, 5, Lancaster Drive, London
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