2-bedroom flat · SW1P 4FE
For saleReduced £50k (−2.8%) on 20 OctListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to offer this well presented 2 bedroom apartment for sale of approx. 1484 square feet (137.9 Sq.
M) located on the 4th floor of this luxury development close to the River Thames, the Houses of Parliament and Tate Gallery.
The property is sold with vacant possession and benefits from a spacious open plan reception room with a dining area.
There is a smart kitchen with Kuppersbusch integrated appliances and a breakfast bar and access to a large private balcony.
Additionally, there is excellent storage throughout including built in wardrobes to both bedrooms as well as a utility cupboard.
There are luxury en-suite bathrooms to both bedrooms, a guest cloakroom, comfort cooling and wood flooring.
Residents of Abell House and benefits from a 24 hour concierge service, as well as a health spa with swimming pool and fitness centre.
John Islip Street is extremely convenient for access to many of the renowned local landmarks which include the Houses of Parliament, Westminster Abbey and Tate Britain.
Local transport links are excellent and include St James’s Park, Westminster and Victoria Station which also provides mainline UK services including the Gatwick Express as well as the underground services.
The area has an abundance of amenities such as Sainsbury's, Waitrose, Marks & Spencer’s and a Curzon Cinema plus following on from the extensive regeneration of Victoria street a selection of many new restaurants to complement existing ones such the Vincent Rooms, The Cinnamon Club, the Ivy Bar and Grill and Yaatra based in the Old Westminster Fire Station.
Service Charges: £16,106 Per Annum Lease Length: 999 years from 1.1.2013 (986 Years Remaining) Ground Rent: £500 Per Annum Council Tax Band H (London Borough of Westminster) EPC Rating: B (88)
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 28, Abell House, Westminster
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