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7 bed town house for sale

£5,495,000 (£1,453/sq. ft)

Long Acre, Covent Garden, London WC2E

7 7 4 3,783 sq. ft*
Interested in this property? Call +44 20 8033 8849 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Fully opperational C1 business
  • Four apartments
  • Completely refurbished
  • Central covent garden

Property description

A rare opportunity to purchase a residential building consisting of four apartments.

Currently run as a fully operational Serviced Apartment Business (C1), planning has been granted for C3 Residential, widening the options for use.

Prime long leasehold investment of four apartments.

Currently configured as two 1 bedroom flats, a 3 bedroom duplex penthouse apartment with private roof terrace, and additional 2 bedroom house with its own separate access.

Total size of the investment is approx. 3,283 sq ft (gia) with the net saleable area (nsa) of the flats being c. 2,660 sq ft.

Currently a fully operational Serviced Apartment business with C1 Use Class and existing Serviced Apartment license.

996 years remaining on the lease, paying £500 ground rent per annum.

Included in the price are the brand rights, website domain and associated systems for House of Kipp, the existing serviced apartment provider.

Option to implement C3 planning.

Property info

Apartment 1 View original

Market activity
Average price paid £1,343,403 Sales 41 Current average value £1,215,646 (Zoopla Zed-Index) Value change -£36,737 ▼ -2.93%

Property value data/graphs for WC2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £3,004,222 - - -
Semi-detached £2,062,045 - - -
Terraced £2,686,778 - - -
Flats £1,168,227 - - £1,343,403

Current asking prices in WC2

Average: £1,800,110
Avg. current asking prices in WC2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £897,000
(2)
£1,524,000
(5)
£2,677,980
(5)
- -
Flats £915,868
(62)
£1,741,714
(63)
£3,266,220
(41)
£4,125,000
(2)
-
All £915,279
(64)
£1,725,706
(68)
£3,202,280
(46)
£4,125,000
(2)
-

Current asking rents in WC2

Average: £3,832 pcm
Avg. current asking prices in WC2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £2,259 pcm
(4)
£4,653 pcm
(4)
£6,067 pcm
(2)
- -
Flats £2,803 pcm
(179)
£4,540 pcm
(128)
£7,415 pcm
(28)
£21,558 pcm
(2)
-
All £2,791 pcm
(183)
£4,544 pcm
(132)
£7,325 pcm
(30)
£21,558 pcm
(2)
-

Fun facts for WC2

Highest value in WC2
Highest value streets Zed-Index
Southampton Street £3,940,028
Strand £2,177,628
Buckingham Street £2,013,926
Essex Street £1,890,407
Long Acre £1,773,719
Highest turnover in WC2
Highest turnover streets Turnover
Exchange Court 34.3%
Buckingham Street 28.2%
Great Newport Street 23.8%
Craven Street 21.7%
Phoenix Street 21.1%

What Zoopla users think of WC2E

Overall rating:

  • currently 4 stars
Very good - 83%

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 5 stars
Entertainment & nightlife
  • currently 3.5 stars
Parks & recreation
  • currently 4.5 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

Rate WC2E:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Leicester Square (0.1 miles)
  • Covent Garden (0.1 miles)
  • Charing Cross (0.2 miles)
  • London City Airport (7.8 miles)
  • London Heathrow Airport (14.6 miles)
  • London Gatwick Airport (25.3 miles)
  • Savoy Pier (0.3 miles)
  • Embankment Pier (0.4 miles)
  • Festival Pier (0.5 miles)

Nearby schools

View all schools in Westminster
  • St Clement Danes CofE Primary School (0.3 miles)
  • Soho Parish CofE Primary School (0.3 miles)
  • St Josephs Catholic Primary School (0.3 miles)
  • CATS College London (0.5 miles)
  • Harris Westminster Sixth Form (0.9 miles)
  • DLD College London (0.9 miles)
  • The Royal Ballet School (0.1 miles)
  • Children's Hospital School at Gt Ormond Street and UCH (0.8 miles)
  • London Nautical School (0.9 miles)
Note: Distances are straight line measurements

Local info for Westminster

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
LDG, W1W on +44 20 8033 8849 * (local rate)

Monthly running costs Beta

£19,820 Monthly total

Mortgage

Purchase price
Deposit (10%) 549,500
Repayment term 25
Interest rate 1.5
Your payment £19,778 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Water

Supply £23 Sewerage £19 Estimated water cost £42 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by LDG, and do not constitute property particulars. Please contact LDG for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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