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Park Square East, Regent's Park, London, NW1 - Image 1
Park Square East, Regent's Park, London, NW1 - Image 2

Park Square East, Regent's Park, London, NW1

London

£12,500,000

Listed on 02/07/2026

Property details

Bedrooms
N/A
Type
Plot
Area
22082 sqft

Description

This property presents a rare opportunity to invest in a landmark Grade I listed building with extensive renovation potential in Central London. Originally built in 1823 as Britain’s first purpose-built Diorama, this historically significant structure has evolved dramatically over the years. With a striking Regency façade and impressive double-height reception, it offers about 22,082 sq ft of flexible open-plan space that is currently in shell condition. Previous planning consent has been granted for a comprehensive redevelopment that included office use conversions and the addition of a new roof terrace, although this consent has since lapsed. This opens up various avenues for repositioning, such as transforming the space into a boutique hotel, private members' club, or even luxury residences. The property's prime location overlooking Regent’s Park enhances its attractiveness for any potential use. With dual access points and parking available, operational flexibility is also assured. An investment in The Diorama allows for both restoration of its heritage features and adaptation to meet modern demands, making it an exciting project for any savvy investor.

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Investment analysis

(NW1 area)

Below Market Value

This property is priced -43.5% below area average per sq ft

-43.5%
Potential saving
This Property
£566/sq ft
Area Average
£1,002/sq ft
Avg Rent (weekly)
£705
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£3,000,000 - £5,000,000
Target Value
£24,332,708
10% above area average per sq ft
Potential ROI
+39.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (NW1)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -14.6%
5 year growth: -5.1%
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

Park Square East, Regent's Park, London, NW1
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£47,224
Based on a loan of £9,375,000 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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