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The Colonnades, 34 Porchester Square, W2 - Image 1
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The Colonnades, 34 Porchester Square, W2

London

£700,000
Listed on 08/10/2025

Property Details

Bedrooms
3
Type
Flat
Area
1040 sqft

Description

This duplex apartment spans 1,040 square feet and is located within The Colonnades, a sought-after purpose-built block situated on Porchester Square, which overlooks picturesque communal gardens. The layout features three bedrooms and two bathrooms, along with an additional guest WC. A spacious reception room offers a welcoming environment, enhanced by ample natural light that flows throughout the property. The private patio terrace presents an outdoor space for relaxation or potential enhancement. While the apartment requires some modernization, it provides a fantastic opportunity for buyers looking to invest in a property with significant renovation potential. The long lease of 123 years adds to its appeal as a stable investment. The building also includes convenient amenities such as a porter service and lift access. The Colonnades benefits from an excellent location close to the recently revitalized Queensway area and the Whiteleys development. Residents will appreciate easy access to transport links via Paddington Station and Royal Oak Underground Station, making commuting and exploring the city effortless. This property not only offers comfortable living space but also represents an attractive option for those looking to capitalize on its renovation prospects in a thriving London neighborhood.

Investment Analysis

(W2 area)

Below Market Value

This property is priced -43.9% below area average per sq ft

-43.9%
Potential saving
This Property
£673/sq ft
Area Average
£1,200/sq ft
Avg Rent (weekly)
£1,121
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£1,373,258
10% above area average per sq ft
Potential ROI
+80.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
2%
Properties sold annually

Local Market Trend (W2)

Area prices are falling by +22.0% over the last 12 months
3 year growth: -21.2%
5 year growth: -23.0%
Investment Disclaimer: Analysis based on W2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Colonnades, 34 Porchester Square, W2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £525,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE