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Sheldon Square, Paddington, London W2

London

£2,950,000
Listed on 15/04/2026

Property Details

Bedrooms
5
Type
Flat
Area
4123 sqft

Description

This expansive shell condition penthouse offers a unique opportunity for creative renovation in a prime location of London. Spanning an impressive 4123 sqft, the layout allows for the potential transformation into a luxurious residence featuring five bedrooms and five bathrooms, complemented by vast living spaces that can be customized to your specifications. The unobstructed design permits complete freedom in wall placement, creating an open floor plan bathed in natural light throughout the year. With essential services already positioned around a central lift shaft, the groundwork is laid for innovative renovations. The envisioned master suite boasts stunning views towards the West End, perfect for integrating modern amenities like a luxury ensuite with freestanding bath and separate dressing areas. Additional bedrooms can benefit from shared and ensuite bathrooms, maximizing functionality while retaining magnificent outlooks over Little Venice. Entertainment options abound with space for dual reception rooms, including a dedicated cinema area—ideal for gatherings—and an open-plan chef’s kitchen designed to impress. A generous wrap-around 2379 sqft terrace invites outdoor enhancements, ideal for creating an urban oasis. Located in Sheldon Square, this penthouse is surrounded by vibrant dining and leisure facilities while offering great connectivity via Paddington station just moments away. This property not only promises a remarkable living space but also sits within an area undergoing substantial regeneration, making it an attractive investment opportunity.

Investment Analysis

(W2 area)

Below Market Value

This property is priced -40.0% below area average per sq ft

-40.0%
Potential saving
This Property
£715/sq ft
Area Average
£1,193/sq ft
Avg Rent (weekly)
£1,001
Avg Yield
5.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£600,000 - £900,000
Target Value
£5,411,066
10% above area average per sq ft
Potential ROI
+40.5%
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

Sheldon Square, Paddington, 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
£10,448
Based on a loan of £2,212,500 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.

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