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See how verdicts work5-bedroom terraced house · W9 2QA
For saleReduced £250k (−6.7%) on 23 OctListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An elegant mid-terrace Victorian house with a secluded, westerly facing courtyard garden, situated in the heart of Little Venice.
Currently arranged as two dwellings, this versatile property is equally well suited to multi-generational living or use as a family home.
Benefitting from open views to both aspects, the upper floors are accessed via the original raised ground floor entrance and comprise two receptions rooms, a dining room, two kitchens, a principal bedroom with fitted wardrobes and an en-suite shower room, three further bedrooms, two bathrooms and a guest cloakroom.
There is potential to create a roof terrace, with a pre-planning application submitted to Westminster Council and a favourable response received.
The lower ground floor self-contained apartment, which opens to the garden, offers a reception room, a double bedroom, a kitchen and a bathroom.
A pre-planning application to extend the apartment has been submitted to Westminster City Council and has received a favourable response.
Further benefits include the ability to apply for a residents’ parking permit from Westminster City Council.
Formosa Street is conveniently positioned for the open spaces and sports facilities of Paddington Recreation Ground, the local shops of Formosa Village and Clifton Road, The Regent's Canal, Clifton Nurseries, Warwick Avenue Underground station on the Bakerloo line and within walking distance of Paddington station, for access to Heathrow Express, Network Rail and the Elizabeth, Circle & District and Hammersmith & City lines.
Freehold Council Tax Band: F & H
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
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 34, Formosa Street, London
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