2-bedroom flat · W9 1JD
For saleReduced £25k (−3.7%) on 29 SepListed 119 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A wonderful opportunity to purchase a well-proportioned (approximately 581 sq.
Ft.), bright, two-bedroom apartment, which enjoys the exclusive right to use a large balcony under the terms of the lease, providing valuable outdoor space with views over peaceful gardens located quietly to the rear of the building.
The apartment is ready for immediate occupation, is situated on the second floor of an attractive converted period house, and is located in the heart of this sought-after area.
The accommodation comprises a reception room with full-length sash windows overlooking Elgin Avenue, leading on to a fully fitted modern kitchen, bathroom suite, principal bedroom and a second bedroom with double doors leading on to the large balcony.
The apartment is set within an attractive and well-maintained period building that has benefited from significant recent investment, including roof renewal, refurbishment of the front elevation and enhancements to the communal areas.
The apartment is conveniently situated in the heart of a fashionable area close to all the local amenities, including boutique shops, cafes, the Underground at Maida Vale (less than 150 metres away) and the wonderful Paddington Recreation Ground (approximately 0.1 mile away), with an outstanding children’s play area, tennis courts and running tracks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs
FAQ
About Flat 6, 260, Elgin Avenue, London
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