Hogarth Estates says ..

Property Oracle says ..

This property presents a mixed-use investment opportunity in a prime central London location. The residential portion of the building comprises a three-bedroom, one-bathroom house. From the photos, the residential living space shows dated decor and is in need of some modernization. The kitchen and bathroom are functional but could benefit from upgrades. The rooms are adequately sized but can feel cramped without furniture and there is a small rooftop terrace that offers some outdoor space.

However, a key feature of this property is a sizable commercial space. The photos of this area show it to be in significant disrepair, needing extensive structural and cosmetic renovations. The potential rental income of this space could add value in the long-term, but it’s important to factor in the substantial costs of bringing it up to a lettable standard.

The location is a significant positive. Churton Street, Westminster, is within walking distance of Victoria Station and is in a well-connected area with access to local amenities, parks and highly rated schools. This enhances the desirability for both the residential and commercial spaces, offsetting the considerable costs of refurbishment. The lack of information regarding the condition of the structural work and the lack of historical data regarding the pricing makes the average price per sqft calculation difficult. More information on comparable properties and the condition of the commercial unit is required to provide an accurate evaluation.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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