3-bedroom flat · W2 1AL
For saleReduced £100k (−7.7%) on 2 OctListed 50 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious three-bedroom apartment situated on the fifth floor of Balmoral Apartments and extending to approximately 1,197 sq ft.
Enjoyed as a family home for many years, the apartment offers generous living accommodation, including an impressive open-plan reception, kitchen and dining room measuring almost 30 ft in length and opening onto a private balcony with attractive views across Paddington Basin and further benefits from allocated parking in the gated underground car park.
The reception is the focal point of the apartment, with full-height windows framing the waterside outlook, wood flooring and extensive fitted shelving.
The kitchen provides a generous range of fitted units and integrated appliances, centred around a peninsula-style breakfast bar, with ample space for a separate dining area.
The principal bedroom benefits from fitted wardrobes and an en-suite bathroom, while two further bedrooms provide flexible accommodation for family, guests or a home office.
There is also a separate shower room and additional storage. Balmoral Apartments forms part of the popular West End Quay development and benefits from a 24-hour concierge service and passenger lifts.
Situation Balmoral Apartments is conveniently positioned within Paddington Basin, surrounded by a growing selection of waterside cafés, restaurants and amenities.
The canalside setting of Little Venice is within easy reach, while Hyde Park, Marylebone and the shops and restaurants of the surrounding area are also close by.
Paddington Station provides excellent transport connections via the Elizabeth line, Heathrow Express, National Rail and the Bakerloo, Circle, District and Hammersmith & City lines.
Edgware Road Underground station is also nearby, providing further connections across central London. Property Ref Number: Ham-66774
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
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FAQ
About Flat 501, Balmoral Apartments, 2, Praed Street, London
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