CONTENTS: INTRODUCTION, UNDERSTANDING THE TEMPLATES, BETHNAL GREEN, PADDINGTON, BARNES, ACTON, KINGS CROSS, CAMDEN, CHISWICK, CLAPHAM, CROUCH END, EAST DULWICH, EALING, FINCHLEY, GOLDERS GREEN, HAMMERSMITH, BELSIZE PARK, HIGHGATE, HOLLAND PARK, ISLINGTON, KENNINGTON, KENSINGTON, TUFNELL PARK, KILBURN, MAIDA VALE, MUSWELL HILL, NOTTING HILL, PIMLICO, POPLAR, PUTNEY, RICHMOND, SHEPHERDS BUSH, COVENT GARDEN, ELEPHANT & CASTLE, GREENWICH, STEPNEY, FRIERN BARNET, WANDSWORTH, WEST HAMPSTEAD, WIMBLEDON, BERMONDSEY, PROPOSED TUBE STATIONS, PROPOSED RAIL STATIONS, POWER OF THE POSTCODES, CONGESTION ZONE
| Area: | Paddington | ||||||||
| Catergory: | A | ||||||||
| Postcode: | W2 | ||||||||
| In Congestion Zone: | No – 0.9 miles outside. | ||||||||
| Parking and Traffic: | Permits & Meters. No significant traffic trouble spots. | ||||||||
| Ethnicity Bias: | None | ||||||||
| Investor Profile | Pension, Business, Cash&Equity, University | ||||||||
| Crime: | Violence | Sexual | Burglary | Motor | |||||
| Per 1000 population | 36 | 3 | 10 | 6 | |||||
| Yield Range: | 4.6% - 11.4% | ||||||||
| Price Ranges | Low £ | Hi £ | Low £pw | Hi £pw | Low | Hi | |||
| Studio flat | 110,000 | 190,000 | 160 | 270 | 7.4% | 7.6% | |||
| 1 bed flat | 155,000 | 300,000 | 210 | 460 | 7.0% | 8.0% | |||
| 2 bed flat | 235,000 | 500,000 | 300 | 1100 | 6.6% | 11.4% | |||
| 2 bed house | 420,000 | 675,000 | 410 | 625 | 4.8% | 5.1% | |||
| 3 bed house | 560,000 | 1,000,000 | 500 | 900 | 4.6% | 4.7% | |||
| Valuations above the London average by: | 74.7% (£422,560) | ||||||||
| Actual | London Average | ||||||||
| Capital growth last 12 months: | 126.6% | 19% | |||||||
| Capital growth last 48 months: | 191.2% | 89% | |||||||
| Tube: | Paddington. District, Circle, Bakerloo and Hammersmith & City Lines (Zone 1) – 15 mins to Oxford Circus. Mainline Station to Heathrow in 15 mins and direct line to major areas on M4 corridor. | ||||||||
| Demand For Letting: | Excellent | ||||||||
| Average void period: | 3 days | ||||||||
| Total (out of 10) | Capital Growth (out of 5) | Yield (out of 5) | |||||||
| Out of 10: | 7 | 4 | 3 | ||||||
| Summary: | Very affordable! Forget its image and think of its potential. | ||||||||
| Sought After Streets: | Edgware Rd, West End Quay, Hermitage St & West End Quay. | ||||||||
| Description: | Now this is not the prettiest part of London (bedsit city) and has been considered to be the ‘wrong’ side of Hyde Park – but this is all about to change. The Paddington Regeneration Partnership are committed to building a new sub-city which will include new bridges and loads of cafes, restaurants and bars. Paddington is now one of central London's major regeneration opportunities. A number of developments are planned in the area by developers, investment companies and transport interests. In all its expected to total 8 million sq ft of built environment, including homes, offices, hotel, retail and leisure development equivalent in size to Canary Wharf. Its location is not easily matched. It’s right next to the west end, next to the A40 for easy exit from London and a train station that has lines to numerous locations around the UK. Because of its slightly rundown appearance prices are affordable compared to Knightsbridge and Belgravia – and it’s highly regarded as the next best thing to Kensington and Notting Hill Gate. I am not alone in this thinking. The development of Paddington Basin has seen large household names locate (or about to locate) their head quarters here. There is a big housing development planned to be completed by 2005 and an expansion of St Marys hospital which will create an influx of residents and workers which will contribute to the housing demands in the future. There will always be demand for clean 1&2 bed flats from the young professional sector who work in London as well as people who work at the M4 corridor areas wishing to still live in London. | ||||||||
| Estate Agents: | Name | Address | Tel | Web | |||||
| Alexander Gordon & Co | 1 Craven Terrace, Paddington, London, W2 3QD | 020 7402 0070 | www.propertyuk.com | ||||||
| The London Mews Company Ltd | 37-41 Sussex Place, Paddington, London, W2 2TH | 020 7402 1146 | www.lurotbrand.co.uk | ||||||
| Alliance Residential | 183 Praed Street, Paddington, London, W2 1RH | 020 7706 1600 | www.allianceresidential.co.uk | ||||||
| Kenwood Estates | 23 Spring Street, Paddington, London, W2 1JA | 020 7402 3141 | www.kenwood-estates.co.uk | ||||||
| Granvilles | 9 Spring Street, Paddington, London, W2 3RA | 020 7402 3188 | www.granvilles-london.co.uk | ||||||
| Capital Agencies Ltd | 86 Bishops Bridge Rd, London, W2 6BB | 020 7727 4000 | |||||||
| Compass Real Estate | 6 Star St, London, W2 1QD | 020 7262 7233 | |||||||
| Letting Agents: | Name | Address | Tel | Web | |||||
| Behr & Butchoff | 105 St John’s Wood Terrace, London, NW8 6PL | 020 7722 7222 | www.behrandbutchoff.com | ||||||
| Marsh & Parsons | 26 Notting Hill Gate, London, W11 3HY | 020 7243 5395 | www.marshandparsons.co.uk | ||||||
| Knight Frank | 298 Westbourne Grove, London, W11 2PS | 020 7229 0229 | www.knightfrank.com | ||||||
| Venus Property Services | 175 Queensway, London, W2 5HL | 020 7792 4020 | |||||||
| SWO & Co | 34a Westbourne Grove, London, W2 5SH | 020 7792 8123 | |||||||
| Go Native Ltd | 26, Westbourne Grove London W2 5RH | 020 7221 2028 | |||||||