The prices below are for properties currently available to buy or rent in Paddington. They are recalculated daily to incorporate new properties being put on the market.
|Bedrooms||Sale price||Weekly rent||Yield|
The average yield of residential rental property in Paddington is 3.8% per year.
This is around average for London. A large part of the overall investment return will be due to capital growth (see below) rather than rental income.
|Area||Price per ft2||Price per m2|
|Within the M25||£770/ft2||£8,300/m2|
We've calculated the annual growth in house prices for each street in Paddington, over the last 5 years. The best and worst performing streets are listed below.
A £100,000 property bought on Amberley Road 5 years ago would now be worth £273,786 (22% growth per year).
Whereas a £100,000 property bought on Norfolk Place 5 years ago would only be worth £114,237 today (3% growth per year).
Rental yield in most of London is often quite low. Instead, investors rely on the value of the house to increase to provide a return on their investment. This is called capital growth.
Capital growth is not uniform across London - in fact, it often varies widely from street to street. Pick the right street and you can make a fortune!
This is around the London average. Therefore you may wish to search in another area if very high capital growth is important!
Good transport connections will make your daily commute less painful, and can increase the value of property.
Travel times below are the average weekday peak travels time from the postal sector to central London termini, by the quickest means of public transport.
There are 7 tube and train stations within easy walking distance. Therefore many destinations in London will be reachable without changing line.
The nearest London terminus to Paddington is Paddington station, which is around 13 minutes away by public transport.
Only 14% of the population of Paddington are children, which is much lower than the average in London. Paddington is not a popular area for families.
However Paddington is more popular with working-age people - such as graduates and young professionals - who make up 76% of the population. This is above average for London.
The proportion of residents out of work and on benefits in Paddington is about average for London, at 5%.
The crime rate in Paddington is about average for London. London is a fairly safe city, so you shouldn't have anything to worry about!