# 1 bedroom apartment for sale (W1H 4NF)

## Property Details

| Key | Value |
|-----|-------|
| Address | FLAT 38, CRANFIELD COURT, HOMER STREET, LONDON, GREATER LONDON W1H 4NF |
| Price | £625,000 |
| Bedrooms | 1 |
| Bathrooms | 1 |
| Council tax | TBC |
| Last sold | £612,000 Dec 2021 |

## Description

Bright one bedroom apartment located on the second floor of a purpose built period block in Marylebone. 

Well-presented throughout in a contemporary style and benefitting from good natural light. 

Comprising of a lounge featuring 2 large windows and enjoying a bright southerly aspect., double bedroom with built in wardrobes, separate kitchen, bathroom with bath tub with shower over and benefitting from a window.

This early 1900's block is well maintained with recently upgraded communal areas.

Providing easy access to Regents Park and Marylebone High Street as well as the West End and the City. Hyde Park is also within easy walking distance. 

Transport links:

Marylebone Station

Baker Street Underground

Edgware Road Underground 

Paddington Station 

Tenure: Share of Freehold

Service Charge: £2640

Ground Rent: 

Westminster Band C

## Property Photos

- ![Picture No. 05](/listings/photos/174396095/607229) - Picture No. 05
- ![Picture No. 30](/listings/photos/174396095/607234) - Picture No. 30
- ![Picture No. 10](/listings/photos/174396095/607235) - Picture No. 10
- ![Picture No. 13](/listings/photos/174396095/607237) - Picture No. 13
- ![Picture No. 15](/listings/photos/174396095/607238) - Picture No. 15
- ![Picture No. 09](/listings/photos/174396095/607239) - Picture No. 09
- ![Picture No. 31](/listings/photos/174396095/607240) - Picture No. 31
- ![Picture No. 16](/listings/photos/174396095/607241) - Picture No. 16
- ![Google Maps Image](/listings/photos/174396095/607243) - Google Maps Image

## Floorplans

- ![Picture No. 29](/listings/photos/174396095/607245) - Picture No. 29

## EPC Graphs

- ![EPC Rating Graph](/listings/photos/174396095/607246) - EPC Rating Graph

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| CRANFIELD COURT FLAT 38 HOMER STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1H 4NF | £612,000 | 21/12/2021 | Flat |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| CRANFIELD COURT FLAT 34 HOMER STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1H 4NF | £490,000 | 17/03/2023 | Flat |
| 91 FLAT 3 YORK STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1H 4QE | £488,000 | 21/10/2022 | Flat |
| 91 FLAT 4 YORK STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1H 4QE | £700,000 | 20/10/2022 | Flat |
| 95A YORK STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1H 4QG | £2,050,000 | 07/10/2022 | Flat |
| 2 FIRST AND SECOND FLOOR FLAT HARCOURT STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1H 4EX | £990,000 | 08/09/2022 | Flat |
| SAMAN COURT, 57A FLAT 3 CRAWFORD STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1H 4JN | £590,000 | 08/08/2022 | Flat |
| 31A FLAT 3 HARCOURT STREET, LONDON, CITY OF WESTMINSTER, GREATER LONDON, W1H 4HU | £490,000 | 07/07/2022 | Flat |

**Area average:** £828,286 (7 sales)

## Price vs local average

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

- **Local average:** £1,848,077 (13 Flat, W1H, 2024–2026)
- **Deviation:** -66.2%

## 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).*

- **LHA floor (this property size):** £1,436/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| Studio Flat, Crawford Street, W1H | £2,167/mo | 1 | 0.14 miles | OpenRent |
| 1 Bed Flat, Crawford St, W1H | £3,000/mo | 1 | 0.16 miles | OpenRent |
| 1 Bed Flat, Upper Montagu St, W1H | £3,033/mo | 1 | 0.17 miles | OpenRent |
| Studio Flat, Edgware Road, W2 | £1,650/mo | 1 | 0.17 miles | OpenRent |
| Studio Flat, Edgware Road, W2 | £1,650/mo | 1 | 0.17 miles | OpenRent |
| 1 Bed Flat, Upper Montagu St, W1H | £3,050/mo | 1 | 0.17 miles | OpenRent |
| 1 Bed Flat, Cambridge Court, W2 | £3,000/mo | 1 | 0.18 miles | OpenRent |
| Studio Flat, Upper Montagu St, W1H | £2,297/mo | 1 | 0.19 miles | OpenRent |
| Studio Flat, Bell Street, NW1 | £1,950/mo | 1 | 0.21 miles | OpenRent |
| Studio Flat, Dorset Square, NW1 | £2,100/mo | 1 | 0.24 miles | OpenRent |

**Average rent: £2,390/mo (10 listings)**

## 1% Rule

- **Rent ratio:** 0.36% (weak for cashflow)
- **Max investor price (0.8%):** £279,000
- **Target investor price (1%):** £223,200

*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 OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £2,232/mo).*

- **Gross yield:** 4.3%
- **Cost-to-rent:** 23.3×
- **Monthly cashflow:** £-478/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -3.2%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

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

- **5y growth:** -8.4%
- **10y growth:** -42.3%

## House Price Index (HM Land Registry)

*Official index for City of Westminster; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -12%
- **5y growth (index):** -21.6%
- **10y growth (index):** -19.6%

## 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)