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Paddington House Prices

The average house price in Paddington is £830,000 using HM Land Registry data.

The average property price increased by £151,202 (13.59%) over the last 5 years and increased by £30,296 (2.46%) over the last 12 months.

Over the last year, there were 122 residential property sales – a decrease of 31 transactions (-25.41%) relative to the previous year. The majority of house sales (34) were in the £430,000 - £734,000 range. Then came properties in the £734,000 - £1,038,000 range, where 32 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-93,713 (-5%).

In Dec 24, there were 3 new estate agency instructions, agreed home sales and property price reductions.

5-Year Average Property Prices in Paddington

13.59%

Property prices in Paddington increased by 13.59% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Paddington Over the Last Year

2.46%

Property prices in Paddington increased by 2.46% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for Paddington - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Paddington

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Paddington

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Paddington

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Paddington since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Paddington area since 1995.

Recent Property Sales in Paddington

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Flat 7, Garson House, Gloucester Terrace, London, Greater London, W2 3DG	£995,000	£995,000	£00	29 May 2024	23 Oct 2024	147 Days
39 Star Street, London, Greater London, W2 1QB	£2,000,000	£1,950,000	-£50,000	03 Aug 2023	28 Mar 2024	238 Days
Flat 4b, Oxford & Cambridge Mansions, Old Marylebone Road, London, Greater London, NW1 5EE	£699,999	£590,000	-£109,999	31 May 2023	22 Mar 2024	296 Days
Flat 12f, Hyde Park Mansions, Cabbell Street, London, Greater London, NW1 5BB	£1,250,000	£1,220,000	-£30,000	21 Dec 2023	05 Jan 2024	15 Days
113 Eastbourne Mews, London, Greater London, W2 6LQ	£2,250,000	£1,950,000	-£300,000	04 Oct 2022	05 Jan 2024	458 Days
Flat 57, Exeter House, Hallfield Estate, London, Greater London, W2 6EN	£650,000	£640,000	-£10,000	29 Jul 2023	20 Dec 2023	144 Days
Flat 19, Winchester House, Hallfield Estate, London, Greater London, W2 6EA	£350,000	£350,000	£00	21 Jul 2023	20 Dec 2023	152 Days
Flat 11, Carroll House, Craven Terrace, London, Greater London, W2 3PP	£975,000	£950,000	-£25,000	12 Sep 2023	18 Dec 2023	97 Days
23 Chilworth Mews, London, Greater London, W2 3RG	£2,350,000	£2,225,000	-£125,000	20 Jun 2023	15 Dec 2023	178 Days
71c, Westbourne Terrace, London, Greater London, W2 3UY	£899,999	£877,000	-£22,999	03 Aug 2023	14 Dec 2023	133 Days
Flat 68, Winchester House, Hallfield Estate, London, Greater London, W2 6EB	£525,000	£500,000	-£25,000	19 Aug 2023	27 Nov 2023	100 Days
10 Junction Mews, London, Greater London, W2 1PN	£1,900,000	£1,800,000	-£100,000	05 May 2023	21 Nov 2023	200 Days
36 Lancaster Mews, London, Greater London, W2 3QF	£2,450,000	£2,450,000	£00	12 May 2023	31 Aug 2023	111 Days
Flat 26, Gilray House, Gloucester Terrace, London, Greater London, W2 3DF	£950,000	£925,000	-£25,000	20 Jul 2023	31 Aug 2023	42 Days
Flat 10m, Hyde Park Mansions, Cabbell Street, London, Greater London, NW1 5BG	£2,500,000	£2,450,000	-£50,000	24 Mar 2023	03 Aug 2023	132 Days
Flat 8g, Hyde Park Mansions, Cabbell Street, London, Greater London, NW1 5BQ	£1,295,000	£1,100,000	-£195,000	26 Sep 2022	30 Mar 2023	185 Days
31 Cleveland Terrace, London, Greater London, W2 6DU	£2,175,000	£1,875,000	-£300,000	14 Oct 2022	01 Mar 2023	138 Days
20 Cleveland Terrace, London, Greater London, W2 6QH	£3,000,000	£2,850,000	-£150,000	03 Jan 2023	28 Feb 2023	56 Days
1 Craven Hill Mews, London, Greater London, W2 3DY	£2,550,000	£2,400,000	-£150,000	27 Jan 2023	27 Jan 2023	0 Days
45 Star Street, London, Greater London, W2 1QA	£1,700,000	£1,671,200	-£28,800	05 Sep 2022	19 Jan 2023	136 Days

Most Expensive Streets in Paddington

Postcode	Street	Area	Average	No. of Sales
W2 3NH	Lancaster Gate	London	£4,710,000	5
W2 3TY	Fulton Mews	London	£3,020,833	6
W2 3AN	Leinster Gardens	London	£3,012,000	5
W2 3DY	Craven Hill Mews	London	£2,840,500	5
W2 3QE	Lancaster Mews	London	£2,720,000	4
W2 6DB	Cleveland Square	London	£2,467,753	5
W2 1BF	Merchant Square	London	£2,091,666	6
W2 6DG	Cleveland Square	London	£2,078,250	10
W2 3RE	Conduit Mews	London	£1,778,333	3
W2 1AW	Dahlia House	North Wharf Road	£1,750,983	27

Least Expensive Streets in Paddington

Postcode	Street	Area	Average	No. of Sales
W2 1JF	Sussex Court	Spring Street, London	£292,500	4
W2 6EA	Winchester House	Hallfield Estate	£342,500	3
W2 3DH	Gloucester Terrace	London	£369,785	7
W2 6HE	Reading House	Hallfield Estate	£445,266	3
W2 3SS	Queensborough Terrace	London	£446,666	3
W2 6EN	Exeter House	Hallfield Estate	£498,666	3
W2 3DS	Craven Hill	London	£557,500	4
W2 3LB	Inverness Terrace	London	£613,333	3
W2 6QS	Westbourne Terrace	London	£616,142	7
W2 6QB	Westbourne Terrace	London	£627,750	4