This well-presented one-bedroom apartment is located on the second floor of Drakeland House, a purpose-built block in the heart of Maida Vale, W9. Offered chain free and sold via secured sale online auction, the property presents a superb investment opportunity with a tenant currently in situ on a rolling contract, paying £1,250 per calendar month. Based on current market conditions, the apartment is expected to achieve a rental income in the region of £1,750 to £1,850 per calendar month if re-let.
Internally, the property offers a spacious and well-balanced layout. There is a bright living room, a separate kitchen/diner, a generously sized double bedroom, and a modern bathroom. A standout feature is the private balcony, accessed via the living room, which provides a pleasant outdoor space rarely found in similar properties. The flat benefits from natural light throughout and a practical, flowing floor plan that makes the most of the internal space.
The lease has approximately 83 years remaining, and the property falls under the City of Westminster council. Drakeland House is conveniently positioned close to an excellent range of local amenities. The cafés and restaurants of Elgin Avenue and Lauderdale Parade are within easy reach, as are the green open spaces of Paddington Recreation Ground and the peaceful walks along Regent's Canal and Little Venice.
Transport links are excellent, with Westbourne Park and Royal Oak stations (Circle and Hammersmith & City lines) both nearby, offering easy access to Paddington, King's Cross and the City. Maida Vale station (Bakerloo line) is also within walking distance, providing direct routes into the West End and Oxford Circus.
Located in W9 this is a well-connected and desirable area for both professionals and investors, making this apartment a strong contender for those seeking long-term value in a prime London postcode.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. 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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