The Terraces, 12 Queens Terrace, St John's Wood NW8
London
£1,950,000
Listed on 01/10/2026
Listed on 01/10/2026
The listing
Property details
Bedrooms
3Type
FlatArea
1858 sqftFeatures
- Parking
Description
Napier Watt Limited is marketing this first-floor apartment in a purpose-built, portered block. The three-bedroom, two-bathroom home extends to approximately 1,858 sq ft and includes a large reception room opening onto a circular glass conservatory, currently arranged as a further sitting area. The accommodation also comprises a kitchen, principal bedroom with en-suite, two additional bedrooms, a separate bathroom, guest WC and store room. Secure underground parking, lifts and a porter are provided within the building.
The apartment is described as being in poor condition and in need of updating, offering scope for refurbishment. The lease is stated to have 954 years remaining, with ground rent of £188 per annum and service charge of £8,730 per half-year. Westminster Council Tax Band H.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
58out of 100
Grade DWeak opportunity
Confidence: MEDIUM
This is a spacious, well-proportioned apartment with a distinctive circular glazed sitting area, secure parking and a porter in a sought-after purpose-built block. The asking price is 6.8% below the local average per square foot, which supports the value case, though the overall score remains a D: the economics leave only a modest margin against the implied current local average value, before stamp duty or fees.
The dated kitchen and two bathrooms, along with older finishes in several photographed rooms, provide a clear modernisation canvas. The timber floors appear intact and the submitted photos show no obvious structural defect; the renovation range is £45,000–£85,000. The service charge is also a significant ongoing cost to factor into the project.
Key opportunities
- Modernise the dated kitchen and bathrooms to refresh the apartment’s overall presentation.
- Update decorative finishes while retaining the apparently intact timber floors.
- Make the most of the large reception room and distinctive circular glazed sitting area, alongside secure parking and porter services.
Key risks
- The £8,730 service charge per half-year is a substantial ongoing ownership cost.
- The indicated margin against the implied current local average value is modest and excludes stamp duty and fees.
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Transport
Nearest stations
St. John's Wood Underground Station
0.1 miles
Underground · St Johns Wood
South Hampstead Rail Station
0.5 miles
Train · South Hampstead
Swiss Cottage Underground Station
0.6 miles
Underground · Swiss Cottage
Maida Vale Underground Station
0.6 miles
Underground · Maida Vale
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£7,367
Based on a loan of £1,462,500 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.
Tax
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