1 bed flat for sale Praed Street, London W2

Balmoral Apartments, Flat 507, 2 Praed Street, London W2 1AL

Discounted Price: £495,000 (Subject to Contract)

Elegant Central London Apartment | Share of Freehold | 999-Year Lease | Prime Paddington Location

PROPERTY OVERVIEW

An excellent opportunity to acquire Flat 507 within the sought-after Balmoral Apartments development on Praed Street, London W2. Offered at a discounted price of £495,000, this well-positioned Central London apartment presents an attractive opportunity for owner-occupiers, professionals, pied-à-terre buyers and investors seeking a property in one of the capital’s most established and well-connected residential areas.

The apartment is presented in excellent condition and benefits from its location within a popular residential development, combining comfortable contemporary living with the convenience of having Central London’s major transport links, green spaces, restaurants, cafés, shopping destinations and business districts close at hand.

With its desirable W2 address and long-term tenure structure, Flat 507 offers an appealing combination of location, convenience and ownership flexibility.

KEY FEATURES

• Flat 507, Balmoral Apartments
• 2 Praed Street, London W2 1AL
• Discounted price: £495,000, subject to contract
• Share of Freehold from 2013
• 999-year lease from 2003
• Ground rent: £250 per annum
• Service charge: approximately £3,950 per annum
• Excellent condition
• Prestigious Central London W2 location
• Situated within the Paddington Basin area
• Strong rental demand in the surrounding area
• Excellent transport connections
• Convenient access to Paddington Station
• Close to Hyde Park
• Suitable for owner-occupation, investment or pied-à-terre use
• Chain-free opportunity, subject to confirmation
• Viewing highly recommended

LUXURY CENTRAL LONDON LIVING

Balmoral Apartments provides residents with the opportunity to enjoy a convenient Central London lifestyle from a highly desirable W2 address. The development is ideally positioned for those who value accessibility, with a wide range of amenities and destinations within easy reach.

The apartment’s location makes it particularly suitable for professionals working across Central London, frequent travellers requiring convenient connections to Heathrow Airport, and investors looking for a property within an established and consistently sought-after residential market.

INVESTMENT OPPORTUNITY

Available at a discounted asking price of £495,000, Flat 507 offers an opportunity to acquire a Central London property at an attractive entry point.

The surrounding W2 area benefits from strong demand from professionals, corporate tenants, international residents and those seeking convenient access to London’s major employment and leisure destinations. The property’s proximity to Paddington and the wider Central London transport network further enhances its appeal for potential tenants and future purchasers.

For investors, the combination of a prestigious location, long-term tenure and established rental demand makes this an opportunity worthy of consideration. Prospective purchasers should make their own enquiries regarding rental values, yields, financing and future capital performance.

TENURE & COSTS

• Tenure: Share of Freehold from 2013
• Lease: 999 years from 2003
• Ground Rent: £250 per annum
• Service Charge: Approximately £3,950 per annum
• Price: £495,000 (Subject to Contract)

LOCATION

Balmoral Apartments is situated on Praed Street in London W2, within the highly desirable Paddington area. The location provides an excellent balance between residential living and the convenience of Central London’s extensive amenities.

Paddington is one of London’s key transport hubs, providing excellent connections across the capital and beyond. The area is particularly attractive to commuters and frequent travellers, with convenient access to major rail and Underground services and straightforward connections towards Heathrow Airport.

The property is also within easy reach of Hyde Park, offering residents access to one of London’s most famous green spaces. The surrounding neighbourhood provides an extensive selection of restaurants, cafés, shops and everyday amenities, while nearby districts such as Marylebone, Mayfair and the West End provide further opportunities for dining, shopping and entertainment.

WHY CHOOSE THIS PROPERTY?

Flat 507 represents an opportunity to secure a residence in one of London’s most established Central London postcodes. Its W2 location, long-term tenure and proximity to major transport connections make it suitable for a range of purchasers.

Whether you are looking for a convenient Central London home, a stylish pied-à-terre, or an investment property in a well-connected location, Balmoral Apartments offers a compelling combination of location, convenience and long-term ownership potential.

VIEWING & FURTHER INFORMATION

For further information, additional property details or to arrange a private viewing of Flat 507, Balmoral Apartments, please contact us today.

All information relating to price, tenure, lease length, service charge and ground rent should be independently verified by prospective purchasers and their legal representatives prior to proceeding.