The central London district of Paddington is a well sought after area to live in UK with great transport links, accommodation options and facilities available. Paddington, W2 is located in between Paddington Green to the north, Edgware Road to the east and Bayswater Road to the south. It has gone under tremendous redevelopment over the years and is now a fashionable new hub with residential and commercial buildings along the Paddington canal basin, which is part of the Paddington Waterside scheme. Residents here will enjoy close proximity to offices, apartments, shops and more along the historic waterway here, making Paddington an ideal place to live in.
There are a wide variety of properties for sale in Paddington, with a mix of both old and new houses and flats to suit all tastes, budgets and needs. Find magnificent mansions on the Hyde Park Estate and Connaught Square; large converted flats along roads such as Westbourne Terrace and Sussex Gardens; massive mansion flats close to Paddington Green; early Victorian houses along St. Michael’s Street and Star Street; and brand new flats with one, two and three bedrooms and penthouses around Paddington Basin. Paddington Waterside has brought about thousands of new homes to the area, making Paddington an excellent place for people looking for newly built homes.
According to house price data produced by the Land Registry, most of the properties for sale in Paddington last year were flats, which sold for £1,058,121 on average. Terraced properties fetched £2,731,234, whilst the more expensive semi-detached properties sold for close to £5 million. The overall average price of property in Paddington of £1,167,082 was found to be more affordable that other W2 areas such as Bayswater (£1,315,537) and Hyde Park (£1,375,893).
Properties in Paddington attract plenty of overseas buyers, who take advantage of Paddington station and the west London mainline railway terminus which connects London to Heathrow airport – it takes the Heathrow Express trains just 15 minutes to get to the airport. A new Cross station is also being built at the Paddington station. Paddington is on the Circle, District, Hammersmith & City and Bakerloo Tube lines. Paddington is also convenient as it is just a short walk to the West End and Marylebone High Street, and is close to Hyde Park too.
Paddington has excellent choices of primary and secondary schools – another reason why property here is highly sought after. In addition, there are several shops, cafes, restaurants along Sheldon Square, Connaught Street and Kendal Street. Those looking for open spaces will be pleased that Hyde Park is just nearby, and can take tranquil walks along the canal too.
If you are looking for properties for sale in Paddington, contact Cavendish Rowe – expert Paddington Estate Agents in London, W2.