How much is Spring Gardens, Covent Garden?

The asking rent is £15,000 a month.

2 bed flat to rent in Covent Garden – £15,000 pcm

About

The property

A two-bedroom, two-bathroom penthouse on Spring Gardens, just off Trafalgar Square, in a building with a lift.

The flat is arranged over two floors and is triple aspect, so it gets light from three sides. Several round porthole windows look out over the city.

It comes fully furnished with contemporary furniture against white walls, with a few unusual touches throughout. The kitchen is separate from the living area.

Charing Cross and Embankment stations are both within easy walking distance.

- Two bedrooms, two bathrooms - Penthouse over two floors - Triple aspect, porthole windows with city views - Separate kitchen - Fully furnished - Lift

Key information

Furnished State

Furnished

Availability

Available now

Check availability with the agent

Reception Rooms

1

Local Authority

City of Westminster London Boro

London Borough

County

Greater London Authority

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Value & comps

How does the rent compare?

No previous sales on record.

Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.

Returns

What does it return?

Rent evidence

Rental benchmark

Nearby rental comparables

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Local SA Market

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Model

Run the numbers.

Strategy: R2R · full calculator

R2R calculatorRent-to-rent SA + HMO strategies — occupancy, platform fees, profit

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Deal

Is it a deal?

Archie’s verdict

Archie has scored this property.

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HMO Conversion Potential

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.

Tier, yield projection, and cost stack — Pro tier only.

PD Conversion Potential

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.

Tier, route, yield projection, and cost stack - Pro tier only.

BRRR Candidate

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.

Tier, refurb cost, ARV, and refi maths - Pro tier only.

Plot subdivision potential

Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.

Lease extension arbitrage

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.