3-bedroom flat · W2 1BH
For saleReduced £150k (−7.9%) on 9 JulListed 259 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within a prestigious waterside development in one of Zone 1’s most well-connected neighbourhoods, this beautifully proportioned apartment offers exceptional lateral living in the heart of W2.
The heart of the home is an impressively spacious open-plan living area, combining reception, kitchen, dining and sitting spaces.
Sliding doors lead onto a private south-west facing terrace enjoying views towards the canal.
Extending to approximately 1518 sqft /141 sqm, the accommodation comprises two generous bedroom suites, a third equally generous bedroom, and a stylish guest bathroom.
The apartment further benefits from excellent storage, a dedicated utility area, comfort cooling, and a secure underground parking space.
Residents of Paddington Exchange enjoy access to a residents’ lounge, 24-hour concierge, residents’ lifts, and landscaped communal gardens.
Nestled within the vibrant Paddington Basin, the property is moments from the waterside charm of the Grand Union Canal, alongside an array boutique shops, cafés and restaurants.
The open green spaces of Hyde Park and Kensington Gardens are also within easy reach.
Perfectly positioned for access to Brunel’s Grade I listed Paddington Station, the apartment benefits from excellent transport links including the Elizabeth Line, Heathrow Express, and multiple Underground lines, as well as superb pedestrian, bus and cycle connections.
For enquiries quote ref: Gt-1405
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 12,2 Paddington Exchange, Hermitage Street, London
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