Property profile

Flat 27 Spring Street

Map showing Flat 2, 7 Spring Street, London

Property Price
150k200k250k300k400k500k750k1.5M

Estimated sale price

£405,000

Flats sold in Lancaster Gate

The box shows the middle 50% of flats sale prices, the whiskers show the 5th to 95th percentile, and the marker shows this property's estimated price.

Half of similar homes sold within the box; most sold within the wider line.

An indicative model estimate, not a survey or formal valuation.

This property vs market

Last sold01 Dec 2005
£185,000Change since last sale: +£219,000 (+118%)
Annualised change
+3.8% per yearWestminster annualised change (flats) since 2005: +3.4% per yearThis property's value is moving in line with the market
Price per sq ftLocal median £1,048 per sq ft
£987 per sq ftEstimate vs local median: −£61 per sq ft (−5.8%)
Local sold pricesMedian for flats in Lancaster Gate
£735,000Estimate vs local median: −£331,000 (−45%)
How this estimate is calculated

Area360's automated valuation uses available property details, recorded sales and local market data to estimate a sale price. This automated estimate is a guide, not a survey, mortgage valuation or formal valuation. See the valuation methodology and limitations.

Estimate calculated .

Property facts

Property typeFlat / Mid-Terrace
TenureLeasehold
Construction periodbefore 1900
Floor area38 m² / 409 sq ft
Rooms2 habitable / 2 heated
Floor level2
EPC ratingC
EPC inspection25 Jul 2019

Sales history

DatePriceChange
01 Dec 2005£185,000+598%
20 Sept 1996£26,500-

Local market

Property prices in Lancaster Gate

Median price£800,000
Price per sq ft£1,071
Sales (last 12 months)79
Typical range (middle 50%)£545K – £1.1M

Based on 79 recent sales, the median property price is £800,000 (about £1,071 per square foot) in Lancaster Gate area, with individual transactions ranging from £232,000 up to £12,950,000.

Prices by property typelast 12 months

Median sale price, median price per square foot, sales count, and percentile information for each property type in Lancaster Gate over the last year.
TypeSalesMedian£/sq ft
Terraced6£1,815,000£1,284
Flats73£735,000£1,048

10-year price trendmedian sale price in Lancaster Gate

Sale price

Ten year median sale price trend for each property type in Lancaster Gate.
YearFlatsTerraced
2016£812,500£1,350,000
2017£851,000£1,700,000
2018£720,000£2,200,000
2019£787,500£1,860,250
2020£680,000£1,750,000
2021£785,000£1,577,500
2022£850,000£1,976,400
2023£864,750£2,312,500
2024£931,500£1,925,000
2025£747,500£2,115,000
2026£664,170£1,610,000
Ten year median sale price trend for each property type in Lancaster Gate.

Price per sq ft

Ten year median sale price per square foot trend for each property type in Lancaster Gate.
YearFlatsTerraced
2016£1,115£1,178
2017£1,153£1,405
2018£1,104£1,370
2019£1,012£1,434
2020£1,161£1,333
2021£1,133£1,320
2022£1,119£1,406
2023£1,156£1,245
2024£1,216£1,301
2025£1,050£1,287
2026£991£1,284
Ten year median sale price per square foot trend for each property type in Lancaster Gate.

Price distribution by property typelast 12 months

Price distribution by property type for Lancaster Gate in the last year.

Recent sales

There were 50+ recent sold properties in the last 18 months near W2 3RA.

Recent sold properties in the last 18 months near W2 3RA
DateAddressTypeTenurePriceMap
30 Jan 202617, Conduit Mews, London, W2 3RETerracedFreehold£1,630,000
01 Aug 202550, Conduit Mews, London, W2 3RETerracedFreehold£2,730,000
29 May 202521A, Conduit Mews, London, W2 3REFlatsLeasehold£605,000
28 Mar 202539, Conduit Mews, London, W2 3RETerracedFreehold£2,825,000
13 Mar 202514, Sussex Court, Spring Street, London, W2 1JFFlatsLeasehold£320,000

Other properties at this postcode

Area insights for W2 3RA

Full area profile →

Overview

Postcode W2 3RA is located in a major urban area, within the Lancaster Gate ward of Westminster in the London region, and forms part of the Bayswater East area. It has high deprivation and very high crime levels, with around 474.6 crimes per 1,000 residents per year, roughly 3.7× the London average of 130 per 1,000. The average income per household in Bayswater East is £77,036 per year. The nearest station is Paddington, about 0.1 miles away. There are 8 primary and 2 secondary schools in the area. There are 5 parks nearby, the closest small park is St Mary's Churchyard.

Crime rate
10/10
Crimes per 1k residents
475
Deprivation level
7/10
Income level
6/10
Social housing
8.3%
Connectivity
10/10
Flood Risk
No risk
Noise Level
Moderate

Deprivation level

7/10

Bayswater East has a high level of deprivation, ranked at position 11,815 out of 32,844 areas in the United Kingdom, placing it within the top 36% most deprived areas in England.

Crime level

10/10

Bayswater East has a very high crime rate, with approximately 474.6 reported incidents per 1,000 population each year.

Social housing

8.3%

Approximately 8.3% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 9.2% of dwellings are socially rented.

Income level

6/10

The average income per household in Bayswater East is £77,036 per year.

Noise Level

Moderate

Moderate noise level (65.0-69.9 dB) from road, approximately 148 ft away from W2 3RA.

Flood risk

No risk

Bayswater East near W2 3RA has no flood risk (less than 0.1% chance of a flood each year) from rivers and sea.

Transport

10/10

The nearest station is Paddington located about 0.1 miles away. There are 5 stations nearby.

Nearby public transport stations for W2 3RA
DistanceZoneNameLinesDirections
0.1 mi

1

Paddington

Bakerloo, Chiltern Railways, Circle, District, Elizabeth, Great Western, Hammersmith and City, Heathrow Connect, Heathrow Express

Walking directions to Paddington
0.2 mi

1

Lancaster Gate

Central

Walking directions to Lancaster Gate
0.5 mi

1

Edgware Road (Bakerloo)

Bakerloo

Walking directions to Edgware Road (Bakerloo)

Parks

Nearby parks and green spaces for W2 3RA
DistanceNameSizeDirections
0.5 miSt Mary's ChurchyardSmallWalking directions to St Mary's Churchyard
0.4 miPaddington GreenSmallWalking directions to Paddington Green
0.4 miSaint Mary's SquareSmallWalking directions to Saint Mary's Square

Area Profile

Population
384
Population density
16,812.2 per km²

Crime

Crime per 1,000 population

Other theft
161.06(+1309%)
Violence and sexual offences
96.95(+212%)
Theft from the person
96.95(+934%)
Anti-social behaviour
87.57(+226%)
Public order
21.89(+224%)
London average

Demographics

Ethnic groups

Other White
129
33.68%
British
62
16.19%
Chinese
48
12.53%
Roma
35
9.14%
Other Asian
24
6.27%
Total population: 383

Economics

Education (age 16+)

Level 4+ (Degree)
227
62.71%
Level 3 (A level)
78
21.55%
No qualifications
20
5.52%
Other
15
4.14%
Level 1 (GCSEs 3-1)
10
2.76%
Total 16+ residents: 362

Housing

Housing tenure

Private landlord or letting agency
139
77.22%
Owns outright
12
6.67%
Other forms of private rent
9
5%
Other social rented
8
4.44%
Social rents from council
7
3.89%
Total households: 180

Schools

In the W2 3RA postcode area, located within Bayswater East, there are 8 primary and 2 secondary schools in close proximity.

Nearby primary and secondary schools for W2 3RA
DistancePhaseNameTypeRating
0.2 miPrimarySt James & St John Church of England Primary SchoolVoluntary aided school

Good

0.2 miNot applicableHospital Home and Education Units co St Mary's Hospitial Tuition UnitMiscellaneous

N/A

0.3 miSecondaryMarylebone Boys' SchoolFree schools

Good

Local amenities

15 nearby supermarkets & convenience stores within mi of W2 3RA

Nearby supermarkets & convenience stores for W2 3RA
DistanceNameAddressDirections
0.1 miContinental Food24 Craven Road, London, W2 3PXWalking directions to Continental Food
0.1 miBudgens171–173 Praed Street, London, W2 1RHWalking directions to Budgens
0.1 miPadiciya Wine14 London Street, London, W2 1HLWalking directions to Padiciya Wine
0.1 miPortland Food & Wine15 London Street, London, W2 1HLWalking directions to Portland Food & Wine
0.1 miSainsbury's LocalEastbourne Terrace, Westminster, W2 1RHWalking directions to Sainsbury's Local