Description
This Maida Vale freehold block presents a rare investment and development opportunity in one of London’s most prestigious neighbourhoods. Situated on a tree-lined avenue characterised by red-brick mansion blocks and proximity to the tranquil Little Venice canals, the building comprises two fully let 2-bed flats on the first and second floors, each generating £2,300 pcm. A long-established post office on the ground floor (plus basement) produces £2,200 pcm, while the undeveloped basement has planning precedent for conversion into an additional 2-bed flat—mirroring other local schemes and unlocking further income potential for this Maida Vale freehold block..
Investors benefit from immediate income of £81,600 p.a. and a yield of 5.33% on the full cost (inclusive of 2% sourcing fee). A savvy developer can accelerate returns: single-storey basement conversion alone lifts annual income to £109,200 (7.14% yield), while full ground-floor conversion tops £110,400 (7.22% yield). In an optimistic market-rate scenario (all flats at £2,800 pcm), yields exceed 8.7%–10.1%—well above the Maida Vale average gross yield of 4.67%–5.3% associated with a Maida Vale freehold block..
Located just 300 m from Maida Vale Underground Station (Bakerloo Line Zone 2; 12 min to Oxford Circus) and within easy reach of Paddington Recreation Ground, the property lies amid premier schools (St Joseph’s RC, St George’s Catholic), cafés, galleries and Regent’s Park. With the post office lease due to expire shortly, a ground-floor residential conversion could propel total income beyond £110,000 pa. This freehold block combines secure rental income, planning upside, and long-term capital growth in a blue-chip London locale while being an excellent example of a Maida Vale freehold block.
Income & Yield Analysis
| Scenario | Monthly Income (£) | Annual Income (£) | Yield @ £1.53M (%) | Yield @ £1.326M (%) |
|---|---|---|---|---|
| Current (As-Is) | 6,800 | 81,600 | 5.33 | 6.15 |
| Basement Conversion | 9,100 | 109,200 | 7.14 | 8.24 |
| Post Office Conversion | 6,900 | 82,800 | 5.41 | 6.24 |
| Full Development | 9,200 | 110,400 | 7.22 | 8.33 |
| Optimistic (Market High) | 11,200 | 134,400 | 8.78 | 10.14 |
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Figure: Yield Comparison by Development Scenario focuses on the advantages of investing in a Maida Vale freehold block. |
Key Takeaways:
• Guide Price: £1,500,000 (offers at £1,300,000 considered)
• Current Income: £81,600 p.a. (5.33% yield at £1.53M; 6.15% at £1.326M)
• Development Upside: Basement conversion boosts yield to 7.14%–8.24%
• Portfolio Mix: 2× 2-bed flats, ground-floor post office & undeveloped basement
• Sourcing Fee: 3% payable by buyer
• Viewings: 24-hour notice required
Location & Transport
- Maida Vale Underground Station (Bakerloo Line Zone 2; Oxford Circus in 12 min)
- Bus routes: 16, 18, 31, 36, 98, with night services
- Proximity to Paddington Recreation Ground & Regent’s Park
- Leading schools: St Joseph’s RC, St George’s Catholic, St Luke’s CofE
- Independent cafés, theatres (Canal Café, Puppet Theatre Barge), and boutiques
- Malvern Road, Maida Vale London NW6 5PS
Media & Links
- 🔗 https://www.westminster.gov.uk/planning > Westminster Planning Portal
- 🔗 https://tfl.gov.uk/modes/tube/ > Bakerloo Line Info
- 🔗 https://www.worldofauctions.co.uk/area-guides/maida-vale > Maida Vale Area Guide
- 🔗 https://www.worldofauctions.co.uk/auction-calendar > Auction Calendar
Last Updated: Tuesday, September 09, 2025, 06:00 BST
