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Land at Queen Court, Queen Square,, Russell Square - Image 1
Land at Queen Court, Queen Square,, Russell Square - Image 2
Land at Queen Court, Queen Square,, Russell Square - Image 3
Land at Queen Court, Queen Square,, Russell Square - Image 4
Land at Queen Court, Queen Square,, Russell Square - Image 5

Land at Queen Court, Queen Square,, Russell Square

London

£515,000
Listed on 15/08/2024

Property Details

Bedrooms
N/A
Type
Property

Description

Available through secure online bidding, this property presents a compelling land and development opportunity in the heart of Bloomsbury, central London. The Victorian red brick mansion block, known as Queen Court, houses 45 upscale apartments and is ideally located near Russell Square station along the Piccadilly line. This site benefits from excellent public transport links and proximity to notable landmarks such as the British Museum and various eateries. The potential for development lies in excavating beneath the current structure to create additional residential flats or commercial units, subject to planning permission (STPP). With a plot area of approximately 0.107 acres (433.01 sqm) and surrounded by similar successful projects, this investment could yield significant returns.

Investment Analysis

(WC1 area)
Area Average
£1,162/sq ft
Avg Rent (weekly)
£779
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£350,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (WC1)

Area prices are falling by -13.1% over the last 12 months
3 year growth: -29.5%
5 year growth: -31.0%
Investment Disclaimer: Analysis based on WC1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Land at Queen Court, Queen Square,, Russell Square
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,824
Based on a loan of £386,250 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-36.4% since listed
£515,000£60,000(-10.4%)
11/12/2025
Current price
£575,000£175,000(-23.3%)
09/05/2025
£750,000£49,500(-6.2%)
25/01/2025
£799,500£10,500(-1.3%)
05/10/2024
£810,000Initial listing
14/08/2024

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