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Gray's Inn Road, London, WC1X

London

£1,400,000

Listed on 02/09/2025

Property Details

Bedrooms
2
Type
Mixed Use
Area
1842 sqft

Description

Situated at the intersection of Gray's Inn and the bustling King's Cross, this property offers a compelling opportunity for those looking to tap into a thriving area undergoing significant development. The potential here is vast: envision transforming the upper levels into multiple self-contained flats while modernising the ground floor for boutique retail or office space. The location boasts outstanding transport connectivity, including proximity to King's Cross St. Pancras International, which serves various Underground lines as well as national and international rail services. With an abundance of shops, cafés, and restaurants in the vicinity, this site is primed for both live/work arrangements and investment development. Securing full vacant possession could allow for an upscale renovation that caters to the area's evolving demand.

Investment Analysis

(WC1 area)

Below Market Value

This property is priced -34.6% below area average per sq ft

-34.6%
Potential saving
This Property
£760/sq ft
Area Average
£1,162/sq ft
Avg Rent (weekly)
£727
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£2,353,735
10% above area average per sq ft
Potential ROI
+47.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (WC1)

Area prices are falling by -11.2% over the last 12 months
3 year growth: -26.1%
5 year growth: -29.4%
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

Gray's Inn Road, London, WC1X
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£5,289
Based on a loan of £1,050,000 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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