Compact, well-located studio for buyers prioritising location and rental potential.
Share of freehold; lift; very central Victoria location 0.4 miles to station
Compact studio approx. 329 sq ft; ideal as pied-à-terre or rental
Service charge £1,942 pa; ground rent £10 pa
Maximum principal residence limited to one adult
Electric storage heating; likely higher running costs
Solid brick walls assumed uninsulated; potential retrofit costs
No private garden; communal outdoor space likely limited
Local crime reported as very high — consider security implications
This compact third-floor studio in a period red-brick mansion block places central Westminster on your doorstep. At about 329 sq ft, the apartment suits a first-time buyer seeking a London foothold, a pied-à-terre for frequent travellers, or a buy-to-let investor targeting strong central demand and an estimated gross yield around 5.5%.
The building benefits from a lift, share of freehold, and very low flood risk. Victoria mainline and Underground services are approximately 0.4 miles away, making national and international travel straightforward. The main room is bright with modern laminate flooring; the building’s Victorian character remains evident externally.
Be aware of the property’s practical limits: internal space is small, the lease restricts the maximum principal residence to one adult, and communal service charges are relatively high at £1,942 pa. Heating is by electric storage heaters and the building’s solid-brick walls are presumed uninsulated, which can affect running costs and comfort.
This is a pragmatic central-London purchase: attractive for those prioritising location and rental or resale prospects over internal space. Noise, local crime rates described as very high, and the absence of private outdoor space are factors to weigh when deciding whether the convenience of Victoria and Westminster outweighs these trade-offs.
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