Summary - Flat 1, 137 Praed Street W2 1RL
2 bed 1 bath Flat
Central, well-connected flat ideal for first-time buyers seeking future potential.
Two bedrooms within 528 sqft (49 sqm)
High ceilings and separate reception room
First-floor flat above commercial premises
Un-demised roof terrace (shared / limited access)
Excellent transport links — Paddington/Elizabeth Line nearby
Leasehold: 99 years remaining
Service charge £3,540 (average) and moderate council tax
Solid brick walls with no assumed insulation; possible retrofit needed
This compact two-bedroom first-floor flat on Praed Street offers an excellent central London location with high ceilings and a separate reception and kitchen. At 528 sqft (49 sqm) the layout suits a first-time buyer seeking a well-connected home close to Paddington transport links and local amenities.
The property benefits from bright rooms, modern fittings and an un-demised roof terrace (shared/limited access) and fast broadband and mobile signal. The building is period stock (c.1900–1929) with double glazing reported but installation date unknown. Heating is by mains-gas boiler and radiators.
Notable costs and constraints: the flat is leasehold with 99 years remaining, an average service charge of £3,540 and moderate council tax. The building appears to have solid brick walls with no assumed cavity insulation, which may affect heating costs and future retrofit work.
Location strengths are immediate: Paddington station offers Underground, Elizabeth Line, National Rail and Heathrow Express services, plus many local shops, cafes and schools rated from Good to Outstanding. Buyers should also note the local area records very high crime levels and higher deprivation measures when weighing investment or family suitability.
2 bedroom flat for sale in Praed Street, London, W2 — £600,000 • 2 bed • 2 bath • 703 ft²
4 bedroom apartment for sale in Praed Street, Paddington, W2 — £1,650,000 • 4 bed • 3 bath • 1605 ft²
2 bedroom flat for sale in Westbourne Terrace, Hyde Park, W2 — £600,000 • 2 bed • 1 bath • 588 ft²
3 bedroom maisonette for sale in Craven Terrace, Westbourne Grove, W2 — £950,000 • 3 bed • 2 bath • 993 ft²
2 bedroom flat for sale in Balmoral Apartments, Paddington, London, W2 — £1,250,000 • 2 bed • 2 bath • 1076 ft²
2 bedroom apartment for sale in Craven Terrace, London, W2 — £950,000 • 2 bed • 2 bath • 877 ft²
