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2 Charles Place, Euston, London, NW1 - Image 1
2 Charles Place, Euston, London, NW1 - Image 2
2 Charles Place, Euston, London, NW1 - Image 3
2 Charles Place, Euston, London, NW1 - Image 4
2 Charles Place, Euston, London, NW1 - Image 5
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2 Charles Place, Euston, London, NW1

London

£475,000
Listed on 12/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This vacant ground-floor commercial space presents a unique opportunity for investors and renovators looking to capitalize on its prime location and versatile layout. Spanning approximately 64 sqm (689 sqft), the property is currently designated under Class E use, having most recently functioned as a restaurant kitchen. This setup provides a solid foundation for creating a variety of potential uses, from office or studio spaces to storage solutions. The property's renovation potential is significant; with thoughtful updates, it could be transformed to better suit contemporary market demands. Furthermore, there exists the possibility for long-term conversion into residential units, pending the appropriate planning permissions. It's also worth noting that the adjacent flat has been sold on a long leasehold basis, simplifying the overall acquisition process for potential buyers. Nestled within a private, gated courtyard just off North Gower Street in NW1, this location enhances both privacy and accessibility. Euston Station is conveniently located less than five minutes away on foot, providing seamless access to National Rail services and both Northern and Victoria Underground lines. Additionally, nearby stations such as Warren Street, Euston Square, and King’s Cross St Pancras expand connectivity options with multiple Underground lines and Eurostar services. The surrounding area boasts a dynamic blend of residential and commercial activity, with notable institutions like University College London and cultural attractions such as the Wellcome Collection in close proximity. The vibrant atmosphere fueled by Fitzrovia's creative sectors makes this location particularly appealing for various future occupants or developments. Overall, this property not only offers immediate utility but also considerable long-term investment potential in one of London's most connected neighborhoods.

Investment Analysis

(NW1 area)
Area Average
£1,037/sq ft
Avg Rent (weekly)
£614
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
2%
Properties sold annually

Local Market Trend (NW1)

Area prices are falling by +13.0% over the last 12 months
3 year growth: -17.4%
5 year growth: -4.0%
Investment Disclaimer: Analysis based on NW1 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

2 Charles Place, Euston, London, NW1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE