3-bedroom flat · W2 1AZ
To rentListed 59 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Paddington, london W2 | 6th floor three-bedroom two-bathroom | 960 sq ft | canal views An exceptional, interior-designed three-bedroom two-bathroom apartment with serene views over the Grand Union Canal, located on the sixth floor of a prestigious waterside development in the heart of Paddington Basin, London W2.
Spanning 960 sq ft, this beautifully presented home features a spacious reception room with floor-to-ceiling windows, a sleek open-plan kitchen fitted with integrated modern appliances, three generously sized double bedrooms with water views, and two contemporary bathrooms.
The property also offers ample storage throughout. Additional benefits include a 24-hour concierge, CCTV, lift service, secure underground parking, and video entry.
Available furnished or unfurnished, with superfast broadband and a dedicated on-site building manager.
Perfectly positioned moments from Paddington Station (Elizabeth Line, Bakerloo, Hammersmith & City, Circle, District lines, and Heathrow Express) and Edgware Road Station (Circle, District, Bakerloo lines), the apartment provides excellent connectivity across London and beyond.
Residents enjoy close proximity to the shops, cafés, and restaurants of Merchant Square, as well as scenic canal-side walkways and easy access to the West End through leafy surrounding streets.
Features Concierge services Double Bedrooms Property Size (sqft): 960 Reference number: 12266_ISL599415.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Flat 609, 4B Merchant Square, Paddington
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