Flat 58 Park West, Edgware Road, Paddington, London, W2 2QJ

Description

A Well Located Ground Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £19,440 Per Annum

Accommodation

Ground Floor: Reception Room, Kitchen, Bedroom, Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Lancaster Gate underground station (Central line).

Tenure / Property Information

Investment Analysis

Same-building completed sales range from £440,000 to £570,000, with the latest supplied sale at £541,000 on 9 July 2026. The evidence does not provide comparable sizes, floors, condition or exact flat details, so the valuation range is indicative only. A base GDV of £541,000 uses the latest same-building comparable.

Investment Snapshot

Strategy Recommendation

Potential income-led hold at or near the guide, subject to verifying the periodic tenancy, leasehold costs, legal pack and achievable rent. Do not rely on the £2,600 pcm listing or the indicative GDV without further due diligence.

Works Required

No refurbishment works are evidenced. Allow for inspection, review of the lease and tenancy documentation, and confirmation of any repairs, service-charge liabilities or compliance requirements through the legal pack before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the £541,000 base GDV, 75% refinancing equates to £405,750. Against the £276,800 purchase cost plus known administration charge, the indicative calculation shows £128,950 more refinance proceeds than these known costs. This is not a confirmed refinance outcome and excludes finance, tax, legal, lender, leasehold and any refurbishment costs; no refurbishment allowance has been evidenced.

Buy-to-Let Analysis

The property is subject to a periodic tenancy producing £19,440 per annum, equivalent to £1,620 pcm. At the £275,000 guide, the gross yield is approximately 7.1%; including the known £1,800 administration charge, it is approximately 7.0%. A £2,600 pcm one-bedroom rental listing exists, but this is an advertised asking rent and not evidence of achievable rent. Service charges, ground rent, management costs, financing, tax and tenancy terms are not supplied, so net yield cannot be established.

Flip Analysis

The base GDV of £541,000 less the £276,800 purchase and known administration cost indicates a theoretical £264,200 gross spread before selling costs, finance, tax, legal costs and works. A formal flip surplus cannot be calculated because no refurbishment or selling-cost allowance is supplied, and the comparables lack size and condition detail.

Investor Risks & Due Diligence

• The property is subject to a periodic tenancy, so possession, tenancy terms and rent review position require legal-pack verification.

• The £2,600 pcm rental evidence is an advertised asking rent rather than an achieved rent.

• Comparable sale prices vary materially from £440,000 to £570,000 and lack size, floor and condition details.

• Service charges, ground rent, repairs, management costs and other leasehold liabilities are not supplied.

• Additional purchaser disbursements may be payable under the legal pack.

• EPC, council tax, parking and heating information are not supplied.

Recommendation

Potential income-led hold at or near the guide, subject to verifying the periodic tenancy, leasehold costs, legal pack and achievable rent. Do not rely on the £2,600 pcm listing or the indicative GDV without further due diligence.

Strategy Rating

Analysis Confidence

There is useful same-building sales evidence, a stated passing rent and a known administration charge, but comparable property details, condition, leasehold outgoings, tenancy terms, EPC, legal-pack disbursements and refurbishment requirements are not supplied.