2 bed flat for sale

243 The Water Gardens, Paddington, London W2

Guide Price = £495,000+

**For Sale By Public Auction 2nd July 2025 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Well Located Vacant Fourteenth Floor Two Bedroom Flat

Tenure
Leasehold. The property is held on a 99 year lease from 25th December 1986 (thus approximately 60 years unexpired).

Location
The property is in the highly sought after area of Paddington, close to local shops and amenities. The open spaces of Hyde Park are within easy reach. Transport links are provided by Edgware Road underground station (Bakerloo line) and Marylebone rail station.

Description
The property comprises a well located fourteenth floor two bedroom flat situated within a purpose built block arranged over ground and fifteen upper floors.

Accommodation
Fourteenth Floor
Reception Room/Dining Room
Kitchen
Two Bedrooms
Two Bathrooms

Exterior
The property benefits from a private balcony and onsite porter.

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
C


Viewing Schedule (No Booking Required)

Friday 6 June 2025 10:00 am - 10:30