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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 in a prime location between Gray's Inn and the bustling King's Cross, this property offers significant renovation potential. The current mixed-use space provides an excellent canvas for transformation into a vibrant live/work environment or boutique commercial scheme that aligns with the ongoing urban regeneration of the area. Its proximity to King's Cross St. Pancras International—just a short five-minute walk—ensures exceptional transport connectivity, including multiple Underground lines and extensive bus services, enhancing its appeal for both residential and commercial uses. The freehold property boasts full vacant possession for the residential units and offers flexibility regarding the commercial lease, which could be renewed at a higher rate. With existing planning permissions allowing for mixed use, there is considerable scope for development. Future enhancements could include extending at the rear and adding a mansard roof to create up to three self-contained flats on the upper levels while modernizing the ground floor for boutique retail or office purposes. This creates an attractive scenario for owner-occupiers looking to run a business on-site while generating rental income from well-refurbished apartments above.

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)
£779
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,354,850
10% above area average per sq ft
Potential ROI
+42.7%
After renovation
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

Gray's Inn Road, London, WC1X
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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
£4,959
Based on a loan of £1,050,000 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.

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