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Richmond Way, London

London

£220,000
Listed on 29/04/2026

Property Details

Bedrooms
1
Type
Ground Flat
Area
508 sqft

Description

This long leasehold two-floor flat presents an excellent opportunity for buyers looking to invest in a property that requires modernisation. Located near the vibrant amenities of Shepherds Bush, Holland Park, and Notting Hill, this flat is well-positioned for both local conveniences and transport links. The accommodation, comprising approximately 47 m2 (508 sq ft), features a raised ground floor with a bedroom and bathroom/WC, along with a reception room and kitchen located on the lower ground floor. The property is being sold with full vacant possession and offers a new lease term of 125 years at a peppercorn ground rent. Given its current condition and potential for enhancement, it’s ideal for someone aiming to create their dream home or seeking a lucrative rental investment in a sought-after area. EPC rating stands at D, suggesting room for energy-efficient upgrades which could also enhance value.

Investment Analysis

(W12 area)

Below Market Value

This property is priced -48.7% below area average per sq ft

-48.7%
Potential saving
This Property
£433/sq ft
Area Average
£844/sq ft
Avg Rent (weekly)
£585
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£471,571
10% above area average per sq ft
Potential ROI
+84.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (W12)

Area prices are falling by -8.2% over the last 12 months
3 year growth: -17.8%
5 year growth: -26.1%
Investment Disclaimer: Analysis based on W12 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

Richmond Way, London
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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
£779
Based on a loan of £165,000 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.

Stamp Duty Calculator

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