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Ossington Close, Notting Hill, London, W2 - Image 1
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Ossington Close, Notting Hill, London, W2 - Image 7
Ossington Close, Notting Hill, London, W2 - Image 8

Ossington Close, Notting Hill, London, W2

London

£3,500,000

Listed on 29/04/2026

Property Details

Bedrooms
6
Type
Mews
Area
4560 sqft

Description

This exclusive opportunity in a gated mews in Prime Notting Hill presents full planning permission for the construction of two new residential units, reflecting significant potential for development. Nestled just off Ossington Street, W2, this property is situated in one of West London’s most desirable and high-performing areas. The current consent allows for the demolition of the existing structure to make way for modern residences with a total Gross Internal Area of approximately 4,560 sq ft. The design has been meticulously crafted to maximize space while ensuring compliance with local conservation area standards. Given its prime location and well-thought-out architectural plans, this project delivers a promising investment avenue with a projected GDV around £9 million. Additionally, the capability to proceed under 0% VAT provides financial advantages upon completion. With the local market showing strong demand and limited supply, this scheme offers an excellent route to realizing substantial returns.

Investment Analysis

(W2 area)

Below Market Value

This property is priced -35.8% below area average per sq ft

-35.8%
Potential saving
This Property
£768/sq ft
Area Average
£1,195/sq ft
Avg Rent (weekly)
£1,059
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£1,650,000 - £2,600,000
Target Value
£5,993,368
10% above area average per sq ft
Potential ROI
-1.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
2%
Properties sold annually

Local Market Trend (W2)

Area prices are falling by -12.7% over the last 12 months
3 year growth: -19.0%
5 year growth: -18.6%
Investment Disclaimer: Analysis based on W2 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

Ossington Close, Notting Hill, London, W2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£12,487
Based on a loan of £2,625,000 over 30 years at 3.97% 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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