Sussex Square, London, W2
London
£2,000,000
Listed on 29/10/2026
Listed on 29/10/2026
The listing
Property details
Bedrooms
4Type
ApartmentArea
1542 sqftDescription
A four-bedroom lateral apartment of approximately 1,542 sq ft on the raised ground floor of a building on Sussex Square. The accommodation has high ceilings and large windows, and the listing describes the property as requiring comprehensive modernisation. Its existing layout may offer scope for reconfiguration, subject to the necessary consents.
The lease has approximately 123 years remaining. Residents have access to the private communal gardens, and Hyde Park, Connaught Village, Marylebone and the West End are nearby. Lancaster Gate, Paddington and Marble Arch stations provide transport connections. The stated annual service charge is £16,511 and is reviewed yearly.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
42out of 100
Grade ELow opportunity
Confidence: MEDIUM
This is a substantial, light-filled apartment on Sussex Square, with high ceilings, generous living space and access to private communal gardens. Its dated finishes and worn flooring give a buyer scope for a medium-scale modernisation, with redecoration and refreshed finishes offering a clear starting point; the listing also suggests possible reconfiguration, subject to consent and feasibility.
The location and fundamentals are strong, but the asking price is not a value-led entry point: at £1,297 per sq ft, it is above the local average of £1,200. With purchase and works costs together, the economics look tight against local benchmarks, so the project’s appeal rests on the quality of the home and its setting rather than an obvious pricing margin.
Key opportunities
- Generous lateral accommodation, high ceilings and large windows provide a strong canvas for a tailored modernisation.
- Refresh the dated carpets, wall finishes and decorative details to transform the visible living space and bedrooms.
- The listing identifies potential for reconfiguration, subject to necessary consents and feasibility.
Key risks
- The £16,511 annual service charge is a significant ongoing ownership cost and is reviewed yearly.
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Transport
Nearest stations
Lancaster Gate Underground Station
0.2 miles
Underground · Lancaster Gate
London Paddington Rail Station
0.2 miles
Train · Paddington
Paddington Underground Station
0.2 miles
Underground · Paddington
Paddington (H&C Line)-Underground
0.4 miles
Underground · Paddington
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£7,556
Based on a loan of £1,500,000 over 30 years at 4.45% 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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