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Sussex Gardens, Paddington, London, W2

London

£3,900,000
Listed on 15/05/2026

Property Details

Bedrooms
17
Type
Residential Development
Area
4360 sqft

Description

Nestled behind an attractive period façade, this Grade II-listed freehold property spans over 4,300 sq ft and stands as a unique investment opportunity in central London. Currently structured across five levels, the building features 17 bedrooms alongside ample ancillary spaces, private outdoor areas, and off-street parking—elements that add to its allure for potential buyers. The lower ground floor offers a degree of privacy with two bedrooms, a bathroom, and storage options, plus access to a small courtyard and two vaults that enhance storage capabilities. Moving to the ground floor, you’ll find a welcoming central hallway leading into a kitchen and dining room at the front. A generously sized reception room provides communal living space while an additional bedroom and shower room complete this level. The upper floors retain a consistent layout with bedrooms radiating from the central staircase—ideal for those looking to cater to high-density living. The first floor features four bedrooms, including two that open onto a south-east-facing balcony. Additional bedrooms with shared bathrooms populate the second and third floors while the fourth level houses three more spacious bedrooms. In its current state, the property is configured for high-density residential use but is in need of extensive renovation. Investors or developers have the chance to reshape it significantly; a planning application has been submitted to convert it into three luxurious duplex apartments catering to contemporary market demands. A valuable feature for this location is the private driveway that accommodates two to three vehicles. Its advantageous positioning ensures excellent natural light fills the front elevations throughout the day while providing desirable outdoor spaces via both balcony and courtyard. Situated parallel to Hyde Park, residents will benefit from nearby green spaces as well as easy access to Connaught Village amenities, Paddington Station's extensive transport links including the Elizabeth Line and Heathrow Express—making this property a strategic choice in one of London's most well-connected areas.

Investment Analysis

(W2 area)

Below Market Value

This property is priced -25.1% below area average per sq ft

-25.1%
Potential saving
This Property
£894/sq ft
Area Average
£1,195/sq ft
Avg Rent (weekly)
£1,059
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Target Value
£5,730,501
10% above area average per sq ft
Potential ROI
+33.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
2%
Properties sold annually

Local Market Trend (W2)

Area prices are falling by -12.7% over the last 12 months
3 year growth: -19.0%
5 year growth: -18.6%
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

Sussex Gardens, Paddington, London, W2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£13,914
Based on a loan of £2,925,000 over 30 years at 3.97% 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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