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60 bed terraced house for sale

£26,800,000

Lancaster Gate, London W2

60
Interested in this property? Call +44 20 7298 1550 * or Request Details

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Property features

  • Substantial Freehold
  • Approx: 25,000
  • Previously a Hotel
  • Seven Storeys
  • Redevelopment Potential
  • Prime Location

Property description

An exciting opportunity to acquire a magnificent freehold of approximately 25,000 sq ft. The property comprises two adjoining white stucco fronted, seven storey Grade II Listed buildings in need of complete modernisation. Various development options include re-instating back into a hotel or developing into residential use, subject to the usual planning consents.

With grand rooms spread over seven floors, the property is full of Victorian architectural features, including intricate plasterwork and an impressive staircase. This substantial building occupies a prominent corner plot in Lancaster Gate and is in a prime location on a parallel road to Hyde Park, with partial park views.

The property is conveniently located close to both Lancaster Gate (Central Line) and Bayswater (Circle and District Lines) underground stations. There are many shops and other amenities in the vicinity. Oxford Street, Mayfair and Westbourne Grove are all easily accessible.

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Property info

Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £1,545,983 Sales 309 Current average value £1,306,653 (Zoopla Zed-Index) Value change £8,215 ▲ 0.63%

Property value data/graphs for W2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £7,983,951 £2,050 4.9 £5,250,000
Semi-detached £4,354,371 £1,534 4.5 £2,866,666
Terraced £2,843,475 £1,446 3.6 £3,036,030
Flats £1,054,579 £1,334 2.0 £1,221,398

Current asking prices in W2

Average: £1,823,287
Avg. current asking prices in W2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £5,342,500
(6)
£1,268,250
(20)
£2,503,852
(27)
£3,841,607
(28)
£4,857,857
(14)
Flats £679,711
(315)
£1,136,893
(479)
£2,112,559
(201)
£2,886,601
(48)
£5,191,667
(6)
All £766,866
(321)
£1,142,158
(499)
£2,158,896
(228)
£3,238,445
(76)
£4,958,000
(20)

Current asking rents in W2

Average: £3,247 pcm
Avg. current asking prices in W2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £2,086 pcm
(14)
£3,750 pcm
(37)
£5,978 pcm
(18)
£8,359 pcm
(21)
£11,588 pcm
(6)
Flats £1,781 pcm
(1,068)
£3,213 pcm
(687)
£5,466 pcm
(530)
£7,791 pcm
(131)
£8,079 pcm
(4)
All £1,785 pcm
(1,082)
£3,240 pcm
(724)
£5,483 pcm
(548)
£7,870 pcm
(152)
£10,185 pcm
(10)

Fun facts for W2

Highest value in W2
Highest value streets Zed-Index
Pembridge Place £6,715,599
Dawson Place £5,449,512
Connaught Square £4,164,059
Hyde Park Street £3,971,706
Northumberland Place £3,876,427
Highest turnover in W2
Highest turnover streets Turnover
Victoria Grove Mews 46.2%
Albion Close 41.7%
St. Georges Fields 40.0%
Bathurst Street 35.0%
Clarendon Mews 33.3%

What Zoopla users think of W2

Overall rating:

  • currently 4.5 stars
Very good - 89% (286 ratings)

Ratings breakdown:

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

Rate W2:

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

  • Lancaster Gate (0.2 miles)
  • Paddington (0.3 miles)
  • London Paddington (0.3 miles)
  • London City Airport (10.1 miles)
  • London Heathrow Airport (12.4 miles)
  • London Gatwick Airport (25.2 miles)
  • Cadogan Pier (2.1 miles)
  • Westminster Millennium Pier (2.5 miles)
  • Embankment Pier (2.5 miles)

Nearby schools

View all schools in Westminster
  • St James & St John Church of England Primary School (0.1 miles)
  • Hallfield Primary School (0.4 miles)
  • The Minerva Academy (0.6 miles)
  • Lansdowne College (0.5 miles)
  • Mander Portman Woodward School (1.3 miles)
  • Collingham (1.4 miles)
  • College Park School (0.6 miles)
  • Wetherby Preparatory School (0.8 miles)
  • The Sylvia Young Theatre School (0.8 miles)
Note: Distances are straight line measurements

Local info for Westminster

About the neighbours in W2

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Arrange Viewing

For more information about this property, please contact
Dexters - Paddington, W2 on +44 20 7298 1550 * (local rate)

Monthly running costs Beta

£96,644 Monthly total

Mortgage

Purchase price
Deposit (10%) 2,680,000
Repayment term 25
Interest rate 1.5
Your payment £96,464 /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.

Council Tax

Local authority

Westminster

Estimated tax band H Council tax cost £138 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

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 Dexters - Paddington, and do not constitute property particulars. Please contact Dexters - Paddington 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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