Paddington

A transport hub ideal for families, professionals and renters

Area Guide For Paddington

Paddington, located in the City of Westminster, is a transport hub for many, especially due to its proximity to central London. It is hard to define Paddington in a few words because the neighbourhood has an interesting mix of modern architecture with older buildings.  The Paddington Station however is a major landmark in the area.

 
 

Tags

Modern Property – Parks – Transport Links

Overview

  • The Neighbors

    A mix of modern and old properties with terraces and blocks of flats.

  • Ideal for

    Families, professionals and renters.

  • Deal Sealer

    Excellent transportation links.

  • Not for

    People looking for a cheaper neighbourhood.

  • You will Like

    Parks and shopping.

Paddington Map

Estimated Price: £1,035,558
Average Asking Price: £1,467,790
Price change in last one year: £119,425
Average Price Paid: £821,968
Average Rent Rates: £3,234

 
 

Property Prices Breakdown in Paddington

Average Price for property in Paddington is around £1,035,558 which varies based on type of property you are interested in and ranges from £4,091,580 for detached house to around £4,420,987 for semi-detached. Similarly terraced house is around £2,099,006 and a flat is worth £906,381. Values have been changing and have risen £12,011 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £33,277 in last 6 months, £119,425 in last 1 year, £230,594 in last 2 years, £282,214 in last 3 years, £293,677 in last 4 years and £305,368 in last 5 years.

Currently average asking price of a property in Paddington is around £1,467,790 based on approximately 544 properties for sale. Same is the case with rental options based on 1,729 properties up for rent, average asking rent is around £3,234 per month.

Estimated property value in Paddington is £1,035,558. Average asking price is £1,467,790 while average price paid is £976,001 which is up by £119,425 and Avg. asking rent £3,234.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Paddington area. In last 1 year alone average price buyer paid is around £976,001 based on approximately 544 sales in Paddington area alone. If you compare it to last 3 years sales of 1,843 properties where buyers paid around £916,397. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £821,968 for 3,243 and average amount paid for purchase of approx. 4,369 properties sold in last 7 years comes to about £759,503 per sale.

 
 

Properties For Sale in Paddington

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £481,667, £1,135,500 for a 2 bedroom house, £2,207,692 for a 3 bedroom house, £4,356,250 for a 4 bedroom house and £7,939,500 for a 5 bedroom house. For a flat similarly the prices varies from £589,721 for a single bedroom to £1,026,863 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £1,495,353, £4,113,925 for a 4 bedroom flat and £3,841,667 for a 5 bedroom flat. To sum up the asking prices for properties in Paddington it comes to around average £585,341 for 1 bedroom property, £1,030,622 for 2 bedroom, £1,550,805 for 3 bedroom, £4,202,043 for 4 bedroom and £5,704,318 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £1,889 for 1 bedroom to £3,722 for 2 bedrooms, £5,324 for 3 bedrooms, £7,245 for 4 bedrooms and £12,085 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,959. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £3,340, £4,163 for 3 bedroom, £6,673 for 4 bedroom and around £7,583 for 5 bedroom flat. You should be generally be expecting around average £1,957 rent per month for single bedroom property, £3,353 for 2 bedroom, £4,286 for 3 bedroom, £6,832 for 4 bedroom and approximately £10,700 for a 5 bedroom property in Paddington area.

Popular Houses in Paddington

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Paddington

Sum it all up

 The Good

-Greenery and Parks
 -Church Street Market
-Good Schools
-Great transport links

 Best For

-Families
-Professionals
-Renters

 The Bad

-Expensive housing
 

Transportation in Paddington

Browse by Streets in Paddington