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Lot TBG / ERS 2208/2

2-Bed Flat at Peninsula Apartments, W2 Investment opportunity

Guide price £ 730,000

Type of Sale

Private Treaty (Off-Market)

Key Features

  • ❄️ Air-conditioning & comfort cooling
  • 🌇 6th-floor panoramic views
  • 🍽 Fully fitted modern kitchen
  • 💷 Ground Rent: £350 p.a.
  • 🔑 Secure entry system
  • 🔒 960 years unexpired lease
  • 🚗 Secure underground parking
  • 🚿 1 bathroom (modern suite)
  • 🛋 Open-plan reception
  • 🛎 24-hour concierge & porter service
  • 🛏 2 double bedrooms
Property for sale Modern apartment buildings surround a canal with walkways, trees, and outdoor seating areas under a clear blue sky with a few clouds. The scene is viewed from a balcony above. Presented by Palace Auctions
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Property for sale Modern apartment buildings surround a canal with walkways, trees, and outdoor seating areas under a clear blue sky with a few clouds. The scene is viewed from a balcony above. Presented by Palace Auctions
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Description

Key Takeaways:
🔹 Guide price £730,000 + fees
🔹 960-year lease
🔹 Secure parking included
🔹 Projected rent £4,000 PCM (inc. parking)
🔹 Gross rental yield 6.58%

Property for sale A busy city street with red double-decker and single-decker buses, pedestrians crossing, and rows of shops with signs. The bus displays "436 Paddington" as its destination. Buildings have traditional architecture. Presented by Palace Auctions
Property for sale A busy city street with red double-decker and single-decker buses, pedestrians crossing, and rows of shops with signs. The bus displays “436 Paddington” as its destination. Buildings have traditional architecture. Presented by Palace Auctions

 

Description

2-Bed Flat Paddington at Peninsula Apartments on Praed Street offers a rare buy-to-let opportunity in the heart of London W2. Nestled on the 6th floor, this sleek apartment features two double bedrooms, a contemporary reception, and a designer bathroom. Moreover, investors will benefit from a 960-year lease, securing long-term asset value.

The open-plan living space is flooded with natural light through floor-to-ceiling windows. Additionally, a private underground parking space is included in the rental package, underpinning projected income of £4,000 PCM. With a guide price of £730,000 + fees—versus a smaller comp sold for £870,000 in January 2024—this lot delivers immediate upside.

From an income perspective, the gross rental yield is 6.58%, and net yields are 5.36% on purchase price and 5.09% on total investment—outpacing the W2 average yield of 4.7% and the Greater London average of 4.19%. Consequently, this property stands out as a high-yield buy-to-let.

For further guidance, see our How to Buy Guide and preview upcoming lots in the Auction Calendar. Local insights are in the Paddington Area Guide.

Income

Metric Value
Purchase Price £730,000
Stamp Duty (5%) + Legal Fees £38,500
Total Investment Cost £768,500
Annual Gross Rental Income £48,000
Annual Service Charge & Ground Rent £8,850
Net Annual Income £39,150
Gross Rental Yield 6.58%
Net Yield (on purchase) 5.36%
Net Yield (overall) 5.09%
Figure 1: Yield comparison & 5-year ROI projections.

Location

Peninsula Apartments sits at 4 Praed Street, W2 1JJ, a five-minute walk from Hyde Park and Paddington Station (Bakerloo, Circle, District & Hammersmith & City lines; Heathrow Express). Nearby delights include Little Venice, St Mary’s Hospital, the Paddington Bear Statue and a wealth of cafés and restaurants. For schedule updates, see Transport for London.

Outbound Resources:

 

Ready to invest? Register now to bid on this prime Paddington opportunity!

Get in touch

Edward Swindells Auctioneer Consultant Auctioneer & Valuer

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Mapping data licensed from Ordnance Survey with the permission of the Controller of Her Majesty’s Stationery Office. © Crown Copyright. All rights reserved. Licence number 100022432. Location plans are reproduced from the Ordnance Survey mapping with the permission of Ordnance Survey on behalf of the Controller of Her Majesty’s Stationery Office, © Crown copyright and Database Rights 2018 OS 100060020

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