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Hallfield Estate, Paddington, London, W2

London

£425,000
Listed on 10/11/2025

Property Details

Bedrooms
2
Type
Flat
Area
640 sqft

Description

This two-bedroom apartment, situated on the second floor of a well-established purpose-built block, spans over 640 sq ft and presents a promising opportunity for renovation or investment. The layout features a spacious living room that flows into a separate kitchen, providing an ideal canvas for modernizing and personalizing the space. One of the double bedrooms boasts south-facing French doors that open to your own east-facing balcony, allowing for natural light and outdoor enjoyment. An additional single bedroom and a family bathroom with a separate W/C complete the layout. The apartment’s potential lies in its need for updates, making it an enticing option for those looking to embark on a full renovation project. It's offered chain-free, simplifying the acquisition process for investors or homeowners eager to enhance its value through thoughtful improvements. Located just a short 6-minute walk from Paddington Station (0.3 miles), this property offers excellent transport links to Central London via the Elizabeth Line, Hammersmith & Circle Line, Bakerloo Line, and national overground services. Additionally, Lancaster Gate's Central Line station is only 13 minutes away on foot (0.7 miles), while Bayswater station (Circle & District Lines) is within an 11-minute walk (0.5 miles). This prime location not only provides ease of commuting but also positions the apartment in a vibrant area with access to local amenities and attractions that are sure to attract future renters or buyers.

Investment Analysis

(W2 area)

Below Market Value

This property is priced -44.7% below area average per sq ft

-44.7%
Potential saving
This Property
£664/sq ft
Area Average
£1,200/sq ft
Avg Rent (weekly)
£1,121
Avg Yield
5.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£845,082
10% above area average per sq ft
Potential ROI
+61.0%
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

Hallfield Estate, Paddington, London, 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
£1,557
Based on a loan of £318,750 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