Summary - THIRD FLOOR FLAT 4, PENINSULA APARTMENTS, 4, PRAED STREET W2 1JE
1 bed 1 bath Flat
Zone 1 waterside one-bed with concierge and long lease — needs attention to broadband and running costs.
- 549 sq ft one-bedroom apartment with Juliette balcony
- Comfort cooling and electric underfloor heating
- 24-hour concierge, residents' lifts and managed development
- Exceptional lease length: 965 years remaining
- Service charge high at approx. £5,309 per year
- Broadband speeds reported as very slow
- Located in Zone 1, minutes from Paddington and Edgware Road
- Local crime levels reported as high; council tax expensive
A well-presented one-bedroom apartment in the popular Peninsula Apartments, positioned within Zone 1 waterside development at Paddington Basin. The open-plan reception and fitted kitchen create a flexible living space, with wood floors, a Juliette balcony and comfort cooling providing contemporary comfort. At 549 sq ft (51 sq m) the flat is an average-sized city home with generous built-in storage and modern bathroom fittings.
Building amenities strengthen its appeal for lettings and short-term occupation: 24-hour concierge/porter, residents’ lifts and managed communal areas. The property benefits from an exceptionally long lease (965 years) and double glazing installed post-2002. Transport links are excellent, with Paddington and Edgware Road within a few minutes’ walk.
Be clear on running costs and local context: the service charge is above average (approx. £5,309 pa) and ground rent is £250 pa. Broadband speeds are reported as very slow, and local crime levels are high — factors to consider for tenant demand and pricing. Council tax is described as expensive.
Overall this apartment suits investors seeking a well-managed, centrally located one-bed with strong transport connections and concierge services. It will also suit an executive or purchaser wanting a lock-up-and-leave London base, provided they accept higher service charges and address broadband limitations where necessary.
2 bedroom apartment for sale in Praed Street, London, W2 — £925,000 • 2 bed • 2 bath • 749 ft²
1 bedroom flat for sale in Peninsula Apartments, London, W2 — £699,000 • 1 bed • 1 bath • 520 ft²
1 bedroom flat for sale in 4 Praed Street, London, W2 — £650,000 • 1 bed • 1 bath • 493 ft²
3 bedroom flat for sale in Praed Street, London, W2 — £900,000 • 3 bed • 2 bath • 779 ft²
1 bedroom flat for sale in 1 South Wharf Road, London, W2 — £599,000 • 1 bed • 1 bath • 570 ft²
2 bedroom flat for sale in PENINSULA APARTMENTS, PRAED STREET, London, W2 — £1,250,000 • 2 bed • 2 bath • 861 ft²
