Description
Greville Place NW6 flats present a rare investment opportunity in one of London’s most coveted postcodes. Firstly, this freehold, Grade II listed building at 1 Greville Place comprises three generous two-bedroom flats across lower ground, raised ground and first floors. Moreover, totaling approximately 2,539 sq ft (236 sq m) of internal space. Secondly, the property requires comprehensive refurbishment. In addition investors can unlock substantial capital growth by targeting mid-range to premium heritage finishes.
First, the ground-floor flat (833 sq ft) benefits from high ceilings and original sash windows, secondly, the raised-ground (793 sq ft) boasts deep principle rooms, and the first-floor (865 sq ft) offers panoramic treetop views. Prior consents for underpinning and window replacement streamline the upgrade path, while the freehold status provides long-term control.
Positioned minutes from Queens Park and Little Venice, this building is ideal for buy-to-let portfolios or owner-occupier conversion into single-family dwelling. Investors can leverage professional heritage contractors to execute a Phase 1 preservation plan and then reposition each flat at £1,100–£1,300 per sq ft, targeting a total post-renovation value of £2.74 M–£3.24 M. Projected rental income ranges from £90,000 to £126,000 p.a., yielding net returns of 2.5%–3.8% after costs.
Internal amenities include potential for private garden extensions at lower-ground level and basement storage; communal enhancements could include cycle parking and EV charging bays. A strategic London Area Guide internal link is provided below for broader market context.
Key Takeaway: Investor opportunity to acquire a freehold Grade II listed building at 1 Greville Place, NW6, arranged as three self-contained 2-bed flats (total GIA 2,539 sq ft) with full refurbishment potential and significant upside.
Street View
1 Greville Place, NW6 – Grade II listed facade
Income & Investment Analysis
Key metrics for three scenarios (including 15% contingency fund on renovation) are below:
| Scenario | Investment Cost | Post-Renovation Value | Net Yield | Capital Gain | Break-Even Years |
|---|---|---|---|---|---|
|
Best Case |
£2,488,520 |
£3,238,300 |
3.8% |
+30% |
22 |
| Most Likely | £2,583,510 | £2,740,100 | 3.1% | +6% | 28.5 |
| Worst Case | £2,678,500 | £2,366,450 | 2.5% | –8% | 37.5 |
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Investment Analysis Dashboard: cost vs value, yields & break-even |
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Location
1 Greville Place sits on the border of St John’s Wood and Maida Vale. Being just moments from Queens Park and the tranquil waterways of Little Venice.
Transport: Kilburn Park & Maida Vale stations (Bakerloo Line, 0.3 mi each), St John’s Wood (Jubilee, 0.6 mi). Kilburn High Road Overground is 0.3 mi away. Buses: Routes 16, 98, 187 connect to Oxford Circus, Marble Arch & Canary Wharf. Parks & Schools: Paddington Recreation Ground (0.3 mi), St Augustine’s CofE Primary (0.2 mi), American School in London (0.7 mi).
Property Video
Video tour available upon request.
Media Links
• Firstly, London Area Guide
• Secondly, Kilburn Park Station – TfL
• Thirdly, Paddington Recreation Ground – RBKC
• Forth, Historic England Listing
• fifthly, NW6 Bus Network – TfL
Listing Updated: 10 September 2025, 13:54 BST
