Flagstones Property Group says ..

Property Oracle says ..

This two-bedroom, one-bathroom duplex apartment located on Harewood Avenue in Marylebone, London, presents a compelling yet complex investment opportunity. The property’s location in Marylebone is undoubtedly its strongest asset. This affluent area is renowned for its charming streets, upscale boutiques, and proximity to excellent transportation links, including Marylebone Station. Several highly-rated schools are also within walking distance, making it attractive to families.

However, the provided photographs reveal a property that requires substantial modernisation. The interior finishes, fixtures, and fittings appear dated and in need of a complete renovation. The kitchen and bathroom, in particular, showcase significant wear and tear and an outdated style. While this necessitates a considerable investment in renovations, it also presents an opportunity to significantly increase the property’s value by upgrading the interior to a contemporary standard.

The apartment’s size at 796.53 sq ft and limited land area are noteworthy factors. While the available outdoor space (a small terrace/balcony) provides some amenity, it is insufficient to significantly impact the property’s value compared to larger properties in the area with private gardens.

In summary, the property’s location in Marylebone is a major draw, offering considerable potential for rental yield and capital appreciation. Nevertheless, the condition of the property necessitates significant investment in refurbishment, which must be factored into the overall assessment of the investment’s viability. The limited land area is a further constraint, which may influence the target market. Overall a detailed and costed plan for the renovation is required to fully ascertain the investment potential.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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