Sold Not Specified

5 Grosvenor Square

15 and 16 Three King s Yard, Mayfair, London W1K, W1K 4AF

Listed 26 Nov 2016 (-3486d)

£30,000

Guide Price

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# Property for sale (W1K 4AF)

## Property Details

| Key | Value |
|-----|-------|
| Address | 5 Grosvenor Square, 15 and 16 Three King s Yard, Mayfair, London W1K, W1K 4AF |
| Price | £30,000 |
| Last sold | £4,500,000 |

## Description

Lot 2 - This lot is for sale by auction as lot 2 on 15th December 2016.

A Head Leasehold Part Reversionary Well Located Ground Rent Investment secured upon Twelve Self-Contained Flats

BY ORDER OF THE TRUSTEES OF THE PHILIP JACK KING WILL TRUST

Tenure

Head Leasehold. The property is held on a lease for a term of 95 years from 24th June 1960 (thus having approximately 39 years unexpired) at a current ground rent of £1,475 per annum.

Location

The property is situated on the east side of Grosvenor Street, to the south of its junction with Brook Street. The local amenities of Mayfair are readily accessible, with the further extensive facilities of Oxford Street being within easy reach to the north. Hyde Park is within close proximity to the west. Bond Street Underground Station (Central Line) is within walking distance to the north. The A5 is close by and provides easy access to the M25 Orbital Motorway.

Description

The property comprises a head leasehold ground rent investment secured upon twelve self-contained flats. The lease for some of the  flats includes parking spaces and/or staff suites/maids quarters.

Accommodation

A schedule of Accommodation and Tenancies is set out opposite. NB. The lessees HAVE elected to take up their rights of pre-emption under the terms of the Landlord & Tenant Act 1987.

Seller's Solicitor

Messrs Rodgers & Burton (Ref SM). Tel 020 8939 6307.Email sanna@randb.co.uk

Total Current Gross Rent Reserved

£1,875 per annum

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

## Property Photos

- ![Photo](/listings/photos/63320708/188422)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £4,500,000 | 01/01/2023 | — |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 1 APARTMENT 4.5 GROSVENOR SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4BN | £10,250,000 | 24/03/2023 | Other |
| 1 APARTMENT 5.2 GROSVENOR SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4BN | £36,750,000 | 29/06/2022 | Other |
| 18 THREE KINGS YARD, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4JT | £11,300,000 | 25/03/2022 | Other |
| 1 APARTMENT 3.2 GROSVENOR SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4BN | £21,000,000 | 05/11/2021 | Other |
| 7 FLAT 4 GROSVENOR SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4AG | £18,950,000 | 12/08/2021 | Other |

**Area average:** £19,650,000 (5 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £1,618,667 (3 Other, W1K, 2024–2026)
- **Deviation:** -98.1%

## Rental Range

*ONS Price Index of Private Rents (Westminster). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £2,834/mo
- **Realistic:** £3,149/mo
- **Optimistic:** £3,464/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central London (Apr 2025 – Mar 2026).*

## 1% Rule

- **Rent ratio:** 10.5% (strong)
- **Max investor price (0.8%):** £393,625
- **Target investor price (1%):** £314,900

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -59.2%
- **10y growth:** -91.2%

## House Price Index (HM Land Registry)

*Official index for City of Westminster; All dwelling types series; as of March 2026.*

- **1y growth (index):** -11.3%
- **5y growth (index):** -20.3%
- **10y growth (index):** -18.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

Listing type

Auction

Photo 1

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Property details

Listing category

Auction

Tenure

LEASEHOLD

Last sold

£4,500,000

Local average

£1,618,667 (-98.1%)

Deprivation

Decile 6 (19,310 of 33,755)

Street crime

4162 incidents within 1 mile (Apr 2026)

Key features

For sale by auction
Ground Rent

Additional details

Parking: Yes

Description

Lot 2 - This lot is for sale by auction as lot 2 on 15th December 2016.

A Head Leasehold Part Reversionary Well Located Ground Rent Investment secured upon Twelve Self-Contained Flats

BY ORDER OF THE TRUSTEES OF THE PHILIP JACK KING WILL TRUST

Tenure
Head Leasehold. The property is held on a lease for a term of 95 years from 24th June 1960 (thus having approximately 39 years unexpired) at a current ground rent of £1,475 per annum.

Location
The property is situated on the east side of Grosvenor Street, to the south of its junction with Brook Street. The local amenities of Mayfair are readily accessible, with the further extensive facilities of Oxford Street being within easy reach to the north. Hyde Park is within close proximity to the west. Bond Street Underground Station (Central Line) is within walking distance to the north. The A5 is close by and provides easy access to the M25 Orbital Motorway.

Description
The property comprises a head leasehold ground rent investment secured upon twelve self-contained flats. The lease for some of the flats includes parking spaces and/or staff suites/maids quarters.

Accommodation
A schedule of Accommodation and Tenancies is set out opposite. NB. The lessees HAVE elected to take up their rights of pre-emption under the terms of the Landlord & Tenant Act 1987.

Seller's Solicitor
Messrs Rodgers & Burton (Ref SM). Tel 020 8939 6307.Email sanna@randb.co.uk

Total Current Gross Rent Reserved

£1,875 per annum

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.

Listed by

Auction

Allsop LLP

Reference: 63320708

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

Event	Date	Price	% change
Sold	01/01/2023 (3 years ago)	£4,500,000	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
1 APARTMENT 4.5 GROSVENOR SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4BN	£10,250,000	24/03/2023	Other
1 APARTMENT 5.2 GROSVENOR SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4BN	£36,750,000	29/06/2022	Other
18 THREE KINGS YARD, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4JT	£11,300,000	25/03/2022	Other
1 APARTMENT 3.2 GROSVENOR SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4BN	£21,000,000	05/11/2021	Other
7 FLAT 4 GROSVENOR SQUARE, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1K 4AG	£18,950,000	12/08/2021	Other

Area average: £19,650,000 (5 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -59.2%

10y growth -91.2%

House Price Index (HM Land Registry — official index, not sold-price averages): City of Westminster. Series: All dwelling types. As of March 2026.

1y (index) -11.3%

5y (index) -20.3%

10y (index) -18.3%

Rental Range

Estimated market rent for Westminster. Low = conservative, Realistic = average, Optimistic = best case.

Low £2,834/mo

Realistic £3,149/mo

Optimistic £3,464/mo

Based on Local Authority from postcode lookup → Westminster.

LHA (30th percentile) floor for Central London: Apr 2025 – Mar 2026

Location

Map view View on Google Maps View on OpenStreetMap Street View W1K 4AF

Address

4 Grosvenor Square

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Shop	Charles Ede	0.1 miles
Shop	West One Food Fayre	0.1 miles
Train station	Bond Street	0.2 miles
Bus stop	Bond Street Station	0.2 miles
Bus stop	Selfridges	0.2 miles
Hospital	National Hospital for Neurology and Neurosurgery at Cleveland Street	0.7 miles
Hospital	The Portland Hospital	0.8 miles
University	University of Notre Dame	0.9 miles
University	Institute of Sports Humanities	1.0 miles

Street-level crime

Category	Count
Theft from the person	1003
Other theft	795
Shoplifting	530
Violence and sexual offences	473
Anti-social behaviour	451
Drugs	269
Public order	146
Robbery	145
Burglary	86
Vehicle crime	85
Criminal damage and arson	74
Bicycle theft	47
Other crime	32
Possession of weapons	26
Total incidents	4162

Within 1 mile during Apr 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
St George's Hanover Square CofE Primary School	Primary	0.2 miles	Good — 21 Jan 2024
Wetherby Senior School	Other	0.4 miles	— (No rating)
University of Westminster	Other	0.4 miles	— (No rating)
Queen's College, London	Other	0.5 miles	— (No rating)
London Park School Mayfair and London Park School Sixth	Other	0.5 miles	— (No rating)

Rental Comparables

Rental comparables are temporarily unavailable while listing-site fetches are paused. Try again later.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 10.5%

Max investor price (0.8%) £393,625

Target investor price (1%) £314,900

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).