House · NW3 4NJ
For saleListed 22 days
Opportunity summary
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About
The Opportunity • Shell & core condition, with an unimplemented planning permission • Well connected with Belsize Park, Chalk Farm and St John’s Wood Underground Stations in close proximity • A current Gross Internal Area of approx.
15,210 sq ft (1,413 sq m) arranged over ground and three upper floors • A site area of approx.
0.17 acres (0.069 ha) • Previous planning consents for Use Class C3, and E • Currently possesses an unimplemented F1 Use Class (Application ref: 2023/3407/P) • Offered with vacant possession Description The Property benefits from being in a shell and core condition, acting as a blank canvas for development in a ready state to be built out.
The Property presents a unique development opportunity in Belsize Park with a proven track record of obtaining planning permission for a wide range of uses.
Relevant Planning History The property has previously been used as a gym for over 25 years, falling within Use Class E.
Since becoming vacant in 2017, an application for change of use to C3 - Residential has been granted via prior approval (now lapsed), and an application for change of use to F1 – Educational has been granted (active but unimplemented).
For further information see London Borough of Camden's planning portal or the dedicated data room.
The property is situated in Belsize Park, a sought-after and upscale area in the London Borough of Camden.
Positioned between Belsize Village and Primrose Hill, it offers convenient access to a wide range of amenities, such as patisseries, cafes, bars, and restaurants.
The area is also home to several expansive green spaces, including Primrose Hill, located just under half a mile to the south, which provides stunning panoramic views of the London skyline.
The underground stations offer excellent connectivity to both the City of London and the West End, whilst connections at King’s Cross offer access to a range of Underground and National Rail services as well as the Eurostar links to mainland Europe.
The site further benefits from good road links Northbound out of the capital via the A502, North Circular Road and M1 motorway.
Value & comps
No previous sales on record.
Returns
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Short-let restrictions apply
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 Belsize Park Gardens, NW3
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