2-bedroom flat · W9 1DN
For saleReduced £50k (−4.3%) on 2 OctListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An impressive two double bedroom, two bathroom, upper duplex apartment arranged over the second and third floors of a handsome period house in the heart of Maida Vale.
This superb home has an abundance of natural light and the well-presented accommodation extends to approximately 1040 sq ft, comprising a 19 ft reception/dining room with a vaulted ceiling, a fully fitted kitchen/breakfast room, an 18 ft principal bedroom with built-in storage and an en-suite shower room, a second double bedroom with fitted wardrobes, and a family bathroom.
Further benefits include air conditioning in the principal bedroom, a new roof and the ability to apply for a residents' parking permit from Westminster City Council.
Randolph Avenue is a pretty tree-lined street affording easy access to a variety of amenities on Elgin Avenue, Clifton Road and Formosa Street, the open spaces and sports facilities of Paddington Recreation Ground, and excellent connectivity via Maida Vale Underground station on the Bakerloo line.
Leasehold Date of Commencement of Lease: 13/03/2012 Original Length of Lease: 999 years Current Ground Rent: £400 per annum Approximate Service Charge (including any Sinking Fund Contribution): £6,575 per annum Council Tax Band: E
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
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FAQ
About Second Floor Flat, 137, Randolph Avenue, London
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