Summary - PETERS COURT FLAT 12 PORCHESTER ROAD LONDON W2 5DR
1 bed 1 bath Flat
Compact third-floor studio near Hyde Park — auction sale, cash buyers preferred.
Guide price £170,000+ — sale by public auction on 16 Oct 2025
Offered for sale by public auction with a guide price of £170,000+, this vacant third-floor studio in Peters Court presents a compact investment opportunity close to Hyde Park and central Paddington transport links. The flat is arranged as a studio room with separate kitchen and bathroom, and benefits from good natural light and mid-century parquet flooring in the living area.
The property has a material downside: approximately 45 years remain on the lease. Mortgage lenders are likely to refuse lending; buyers should expect to be cash purchasers or budget for the cost of a lease extension. Extending the lease to 90+ years requires serving a Section 42 notice and paying a premium to the freeholder — costs and timelines vary and can be substantial.
Practical points: the flat is vacant and in a purpose-built block with community heating (mains gas), an EPC rating of C, and solid brick construction (likely no cavity insulation). The area is inner-city and cosmopolitan with excellent transport, fast broadband and many local amenities; note that the recorded local crime level is high, which may affect lettability and resale.
This is suited to an investor or buyer comfortable with auction purchase and short-lease investment logic: either hold as a cash buy-and-refurbish let, or buy with the intent to extend the lease (and factor that premium into your overall cost). Seek legal and survey advice and review the auction legal pack before bidding.
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