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Paddington House Prices Paddington House Prices

The average house price in Paddington is £955,562 using HM Land Registry data.

The average property price increased by £152,512 (13.88%) over the last 5 years and increased by £30,481 (2.5%) over the last 12 months.

Over the last year, there were 125 residential property sales – a decrease of 50 transactions (-40.00%) relative to the previous year. The majority of house sales (42) were in the £460,000 - £824,000 range. Then came properties in the £824,000 - £1,188,000 range, where 31 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 185 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-157,714 (-7%).

In April 2024, there were 63 new estate agency instructions, 9 agreed home sales and 37 property price reductions.

Neighbouring Areas: Little Venice, Westbourne Park, Bayswater, Hyde Park, Royal Oak, Marylebone

Postcodes Covered: NW1, W2

5-Year Average Property Prices in Paddington

13.88%

Property prices in Paddington increased by 13.88% 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

2.5%

Property prices in Paddington increased by 2.5% 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.

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).

Property Market Heat Gauge for Paddington - April 2024

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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 12f, Hyde Park Mansions, Cabbell Street, London, Greater London, NW1 5BB£1,250,000£1,220,000-£30,00021 Dec 202305 Jan 202415 Days
Flat 11, Carroll House, Craven Terrace, London, Greater London, W2 3PP£975,000£950,000-£25,00012 Sep 202318 Dec 202397 Days
23 Chilworth Mews, London, Greater London, W2 3RG£2,350,000£2,225,000-£125,00020 Jun 202315 Dec 2023178 Days
71c, Westbourne Terrace, London, Greater London, W2 3UY£899,999£877,000-£22,99903 Aug 202314 Dec 2023133 Days
Flat 68, Winchester House, Hallfield Estate, London, Greater London, W2 6EB£525,000£500,000-£25,00019 Aug 202327 Nov 2023100 Days
10 Junction Mews, London, Greater London, W2 1PN£1,900,000£1,800,000-£100,00005 May 202321 Nov 2023200 Days
36 Lancaster Mews, London, Greater London, W2 3QF£2,450,000£2,450,000£0012 May 202331 Aug 2023111 Days
Flat 26, Gilray House, Gloucester Terrace, London, Greater London, W2 3DF£950,000£925,000-£25,00020 Jul 202331 Aug 202342 Days
Flat 10m, Hyde Park Mansions, Cabbell Street, London, Greater London, NW1 5BG£2,500,000£2,450,000-£50,00024 Mar 202303 Aug 2023132 Days
Flat 8g, Hyde Park Mansions, Cabbell Street, London, Greater London, NW1 5BQ£1,295,000£1,100,000-£195,00026 Sep 202230 Mar 2023185 Days
31 Cleveland Terrace, London, Greater London, W2 6DU£2,175,000£1,875,000-£300,00014 Oct 202201 Mar 2023138 Days
20 Cleveland Terrace, London, Greater London, W2 6QH£3,000,000£2,850,000-£150,00003 Jan 202328 Feb 202356 Days
1 Craven Hill Mews, London, Greater London, W2 3DY£2,550,000£2,400,000-£150,00027 Jan 202327 Jan 20230 Days
45 Star Street, London, Greater London, W2 1QA£1,700,000£1,671,200-£28,80005 Sep 202219 Jan 2023136 Days
Flat 6, Lynton House, Hallfield Estate, London, Greater London, W2 6EW£525,000£521,000-£4,00016 Jun 202220 Dec 2022187 Days
2 Gloucester Mews West, London, Greater London, W2 6DY£1,500,000£1,490,000-£10,00022 Sep 202220 Dec 202289 Days
72b, Star Street, London, Greater London, W2 1QG£750,000£740,000-£10,00029 Aug 201809 Dec 20221563 Days
58 Gloucester Mews, London, Greater London, W2 3HE£1,700,000£1,380,000-£320,00015 Feb 202221 Nov 2022279 Days
Flat 46, Reading House, Hallfield Estate, London, Greater London, W2 6HE£385,000£370,800-£14,20007 Dec 202111 Nov 2022339 Days
11 Craven Hill Mews, London, Greater London, W2 3DY£1,350,000£1,250,000-£100,00029 Jun 202212 Oct 2022105 Days

Most Expensive Streets in Paddington

PostcodeStreetAreaAverageNo. of Sales
W2 3NHLancaster GateLondon£5,237,5004
W2 3ANLeinster GardensLondon£3,460,0004
W2 3TYFulton MewsLondon£3,020,8336
W2 3QELancaster MewsLondon£2,720,0004
W2 3DYCraven Hill MewsLondon£2,700,4166
W2 6DGCleveland SquareLondon£2,256,13611
W2 3TUPorchester TerraceLondon£2,170,0005
W2 6DBCleveland SquareLondon£2,147,1924
W2 3ENCraven HillLondon£1,986,8754
W2 6DDCleveland SquareLondon£1,941,0005

Least Expensive Streets in Paddington

PostcodeStreetAreaAverageNo. of Sales
W2 1JFSussex CourtSpring Street, London£292,5004
W2 6EEBridgewater HouseHallfield Estate£329,1663
W2 6EBWinchester HouseHallfield Estate£382,0003
W2 3DHGloucester TerraceLondon£395,9449
W2 6HEReading HouseHallfield Estate£445,2663
W2 3SSQueensborough TerraceLondon£446,6663
W2 6ABBishops Bridge RoadLondon£467,0005
W2 1HGHarrow RoadLondon£518,5004
W2 6QSWestbourne TerraceLondon£552,0009
W2 3DSCraven HillLondon£557,5004

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