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 %
- Est sale value
- 1,278,814.86 £Increased by 18.57 %
- Average area rental value
- 2,120.00 £/moDecreased by 9.05 %
- Est letting value
- 1,898.76 £/moIncreased by 100.00 %
- Est rental Yield
- 1.99 %Increased by 19.88 %
- Crime Rate
- 12.00 %Unchanged by 0.00 %
Agent Activity
JLL created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Micky Star Children'S Centre | Children's Centre Linked Site | 0.20 KM | |
| Hospital Home And Education Units Co St Mary'S Hospitial Tuition Unit | Miscellaneous | 0.34 KM | |
| Ark King Solomon Academy | Academy Sponsor Led | Outstanding | 0.38 KM |
| United Colleges Group | Further Education | Requires improvement | 0.45 KM |
| North East Locality Hub Lead - Portman Early Childhood Centre | Children's Centre | 0.54 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Marylebone Flyover | £ 0 | 0 | 0.00 KM |
| Newcastle Place | £ 1,825,000 | 0 | 0.00 KM |
| Edgeware Road | £ 0 | 0 | 0.00 KM |
| Harrow Road | £ 0 | 0 | 0.00 KM |
| North Wharf Road | £ 5,558,333 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Paddington | 3087 | PAD | 0.59 KM |
| Marylebone | 1475 | MYB | 1.06 KM |
| South Hampstead | 1451 | SOH | 2.61 KM |
| Kilburn High Road | 1415 | KBN | 3.03 KM |
| Finchley Road And Frognal | 1445 | FNY | 3.69 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Merchant Square, London, W2 | £ 1,495,000 | BUY | Unknown | 0.00 KM |
| Merchant Square, London, W2 | £ 4,950,000 | BUY | 6 / 10 | 0.00 KM |
| Merchant Square, London W2 | £ 1,390,000 | BUY | 6 / 10 | 0.00 KM |
| Merchant Square, London, W2 | £ 830,000 | BUY | 7 / 10 | 0.01 KM |
| Merchant Square, London, W2 | £ 750,000 | BUY | 6 / 10 | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 79 Praed Street | £ 1,050,000 | 0.15 KM |
| 5 Junction Place | £ 2,200,000 | 0.16 KM |
| 1 Junction Place | £ 1,475,000 | 0.16 KM |
| 3 Junction Place | £ 1,355,000 | 0.16 KM |
| 4 Junction Place | £ 1,700,000 | 0.16 KM |