Merchant Square, London W2
JL

Merchant Square, London W2

By JLL

£ 1,390,000

Reviews

3 out of 5 stars

JLL says ..

Luxurious canal-side living in the heart of Paddington. An exquisite 2 bedroom, 8th-floor apartment, nestled within the prestigious Merchant Square development in Paddington Basin.

Property Oracle says ..

This two-bedroom, two-bathroom apartment in Merchant Square, Paddington, offers a desirable location in the heart of London. The property is situated close to Paddington Station, providing easy access to various transport links. The nearby Hyde Park offers a green space for leisure activities. Furthermore, several reputable schools are within a short distance, making this an attractive option for families.

The apartment itself appears modern and well-maintained, with a stylish interior design. The included images showcase a contemporary kitchen, comfortable bedrooms, and a modern bathroom. However, a significant drawback is the lack of any private outdoor space; the property appears to offer no garden, balcony or terrace (as seen from the images). This is unusual for apartments in a modern development in London and could be a concern for many potential buyers.

In terms of pricing, the asking price of £1,390,000 seems relatively reasonable given similar properties in the area with comparable features (though the sqft is not given for those properties). The central location and amenities should warrant a premium price, however, the absence of outdoor space might affect the value for some buyers. The competitive pricing and highly desirable location help to offset the lack of outdoor space. A complete evaluation would necessitate access to additional property data such as square footage of comparable properties and average price per square foot for a proper evaluation.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
9
Land
1
Bedrooms
2
Bathrooms
2
Sqft (est)
949.38

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
1,276,398.00 £
Decreased by 24.34 %
from 1,686,986.00 £
Est sale value
1,278,814.86 £
Increased by 18.57 %
from 1,078,495.68 £
Average area rental value
2,120.00 £/mo
Decreased by 9.05 %
from 2,331.00 £/mo
Est letting value
1,898.76 £/mo
Increased by 100.00 %
from 949.38 £/mo
Est rental Yield
1.99 %
Increased by 19.88 %
from 1.66 %
Crime Rate
12.00 %
Unchanged by 0.00 %
from 12.00 %

Agent Activity

  • JLL created the listing.

Nearby Schools

NameTypeOfstedDistance
Micky Star Children'S CentreChildren's Centre Linked Site0.20 KM
Hospital Home And Education Units Co St Mary'S Hospitial Tuition UnitMiscellaneous0.34 KM
Ark King Solomon AcademyAcademy Sponsor LedOutstanding0.38 KM
United Colleges GroupFurther EducationRequires improvement0.45 KM
North East Locality Hub Lead - Portman Early Childhood CentreChildren's Centre0.54 KM

Images

Merchant Square Merchant Square Merchant Square Merchant Square Merchant Square Merchant Square

Nearby Streets

NameAverage PriceAverage SqftDistance
Marylebone Flyover £ 000.00 KM
Newcastle Place £ 1,825,00000.00 KM
Edgeware Road £ 000.00 KM
Harrow Road £ 000.00 KM
North Wharf Road £ 5,558,33300.00 KM

Nearby Transport

NameNLCTLCDistance
Paddington3087PAD0.59 KM
Marylebone1475MYB1.06 KM
South Hampstead1451SOH2.61 KM
Kilburn High Road1415KBN3.03 KM
Finchley Road And Frognal1445FNY3.69 KM

Nearby Listings

AddressPriceTypeScoreDistance
Merchant Square, London, W2 £ 1,495,000BUYUnknown0.00 KM
Merchant Square, London, W2 £ 4,950,000BUY6 / 100.00 KM
Merchant Square, London W2 £ 1,390,000BUY6 / 100.00 KM
Merchant Square, London, W2 £ 830,000BUY7 / 100.01 KM
Merchant Square, London, W2 £ 750,000BUY6 / 100.01 KM

Nearby Properties

AddressPriceDistance
79 Praed Street £ 1,050,0000.15 KM
5 Junction Place £ 2,200,0000.16 KM
1 Junction Place £ 1,475,0000.16 KM
3 Junction Place £ 1,355,0000.16 KM
4 Junction Place £ 1,700,0000.16 KM