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University Street, WC1E

London

£450,000
Listed on 11/02/2026

Property Details

Bedrooms
1
Type
Flat
Area
458 sqft

Description

This top-floor apartment in Paramount Court presents a promising opportunity for buyers looking to invest in a central London property with significant potential for modernization. Nestled between the vibrant areas of London's West End, Fitzrovia, and Bloomsbury, this residence is part of a distinguished Art Deco building from the mid-1930s, recognized for its architectural significance designed by RIBA-acclaimed architects Verity and Beverley. The building showcases rich history and vintage charm, having once housed a notable ballroom that ignited the Jitterbug craze. The apartment itself is positioned quietly at the rear of the structure, ensuring a peaceful living environment despite its bustling locale. Offering a separate kitchen, a spacious reception room ideal for merging dining and study areas, along with a double bedroom and bathroom, it invites creative renovation ideas to enhance its current layout and decor. While the property does require some updating, its central location near key transport links including Tottenham Court Road Underground and Elizabeth Line services makes it an attractive proposition for both homeowners and investors. With over one hundred apartments in the building and easy access to varied amenities such as dining options, bars, shops along Charlotte Street and Oxford Street, as well as cultural highlights like the British Museum nearby, this apartment could be transformed into a modern urban retreat while retaining its historic essence.

Investment Analysis

(WC1 area)

Below Market Value

This property is priced -16.0% below area average per sq ft

-16.0%
Potential saving
This Property
£983/sq ft
Area Average
£1,170/sq ft
Avg Rent (weekly)
£792
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£589,622
10% above area average per sq ft
Potential ROI
+20.3%
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 -32.1% over the last 12 months
3 year growth: -35.6%
5 year growth: -37.5%
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

University Street, WC1E
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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