2/3 bedroom.
| 61 Albion Gate, Hyde Park Place, Bayswater Road, London W2 2LA Rental Income Potential and Investment Opportunity Palace Auctions London NOVEMBER 2025 Executive Summary The three-bedroom, three-bathroom apartment at 61 Albion Gate, Hyde Park Place, Bayswater Road, London W2 2LA is currently vacant, presenting an immediate opportunity for rental income. Below is a tailored analysis of the likely achievable monthly and yearly rental income, as well as the net return based on current market data and comparable properties. ___________________ 1. Achievable Monthly and Yearly Rental Income Market Value and Comparable Rents: • The property is listed for sale at £1,100,000 and offers 1,100 sq ft plus of prime living space with direct Hyde Park views and porter service. • Comparable three-bedroom apartments in the building and immediate area show rental potentials ranging from £4700 per month (for a lower-value unit) up to £5,000 per week for larger, four-bedroom flats. • The average asking rent for properties in the W2 area is £951 per week (approx. £4,120 per month), but premium units with park views and amenities command higher rents. Likely Achievable Rent for 61 Albion Gate: • Given the apartment’s size, specification, and direct park views, a realistic and competitive monthly rent is in the range of £6,500 to £8,000. o Conservative estimate: £6,000/month o Market average: £7,000–£7,500/month o Premium, fully refurbished: £8,000/month. Annual Rental Income: • At £6,000/month: £72,000 per year • At £7,500/month: £90,000 per year • At £8,000/month: £96,000 per year |
| 2. Net Return Calculation Gross Yield: 3. Market Context and Vacancy • Demand: The Hyde Park/Bayswater area is highly desirable for international professionals, families, and corporate tenants, ensuring strong ongoing demand. • Vacancy Risk: With the property vacant and in a prime location, marketing at a competitive rent should result in a let within 2–4 weeks, minimizing void periods. |
| 4. Summary Table Scenario Monthly Rent Yearly Rent Net Yearly Income Net Yield (on £1.99M) Conservative £6,000 £72,000 £54,000 2.7% Market Average £7,500 £90,000 £67,500 3.4% Premium £8,000 £96,000 £72,000 3.6% ________________________________________ |
| 5. Conclusion 61 Albion Gate is well-positioned to achieve a monthly rent of £6,500–£8,000, translating to a net annual return of £78,000–£96,000 and a net yield of close 9% on the current asking price. This is a strong performance for a prime Central London apartment, especially given the building’s amenities, location, and tenant demand. With the property vacant, a swift letting is likely if priced competitively, ensuring immediate income generation. |
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