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Connaught Street, London, W2

London

£650,000
Listed on 16/04/2026

Property Details

Bedrooms
2
Type
Apartment
Area
775 sqft

Description

This property boasts generously-sized rooms throughout, featuring a spacious reception area, a separate kitchen, two bedrooms, and two bathrooms, including an en-suite. The high ceilings and large sash windows contribute to a feeling of openness and allow ample natural light to fill the space. Currently presented in a somewhat outdated condition, this flat presents an outstanding opportunity for buyers looking to undertake renovations, enabling them to tailor the space to their individual preferences. Ideally situated near a variety of local amenities—ranging from boutique shops to cafes and bars—this location is advantageous for both potential homeowners and investors alike. Excellent transport connections from Paddington serve London and beyond, with options like the Heathrow Express and multiple Underground lines nearby. Additionally, the beautiful green areas of Hyde Park and Kensington Gardens are just moments away. The leasehold has approximately 54 years remaining, with an annual service charge of around £7,500 and a peppercorn ground rent that will increase to £500.

Investment Analysis

(W2 area)

Below Market Value

This property is priced -29.7% below area average per sq ft

-29.7%
Potential saving
This Property
£839/sq ft
Area Average
£1,193/sq ft
Avg Rent (weekly)
£1,001
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£1,017,118
10% above area average per sq ft
Potential ROI
+43.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
2%
Properties sold annually

Local Market Trend (W2)

Area prices are falling by -16.8% over the last 12 months
3 year growth: -21.5%
5 year growth: -19.1%
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

Connaught Street, London, W2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,302
Based on a loan of £487,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

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