Summary - Flat 415, Peninsula Apartments, 4 Praed Street W2 1JE
1 bed 1 bath Flat
Modern Paddington apartment with parking, concierge and canal views — factor in high service charges..
- Canal-facing balcony with pleasant water views
- 520 sq ft one-bedroom open-plan apartment
- Allocated off-street parking space included
- 24-hour concierge in the development
- Very long lease (965 years) — secure tenure
- High service charge circa £5,000 per year
- Broadband speeds reported very slow — impacts home working
- Local area crime levels higher than average
Bright, canal-facing one-bedroom apartment on the fourth floor of Peninsula Apartments, offering 520 sq ft of open-plan living with a balcony and canal views. The layout includes a modern kitchen with an island/breakfast bar, a well-sized bedroom with fitted wardrobes and a contemporary bathroom. A useful allocated parking space and 24-hour concierge add convenience for city living.
Located in Paddington Basin, the flat is a short walk from Paddington station (Circle, Hammersmith & City, Elizabeth Line, National Rail, Heathrow Express), plus an extensive range of cafes, shops and restaurants on the doorstep. The development is modern (built 2003–2006) with double glazing and electric underfloor heating, suited to buyers seeking a low-maintenance central London base.
Important practical points: the property is leasehold with a very long lease (965 years), but running costs are notable — a high service charge (~£5,000 pa), above-average council tax, and ground rent (£250). Broadband speeds are reported very slow which may affect home working; crime levels are high in the area. These factors reduce running-cost attractiveness despite the strong location.
Overall this apartment will suit a first-time buyer or buyer seeking a well-located pied-à-terre with parking and concierge. It delivers modern, low-upkeep living and excellent transport links, but factor in elevated service charges, slower internet and local safety considerations when assessing value.
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