Property profile

Flat 240 Queensway

Map showing Flat 2, 40 Queensway, London

Property Price
150k200k250k300k400k500k750k1.5M

Estimated sale price

£745,000

Terraced sold in Lancaster Gate

The box shows the middle 50% of terraced 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 sold30 Jun 2021
£650,000Change since last sale: +£93,000 (+14%)
Annualised change
+2.6% per yearWestminster annualised change (terraced) since 2021: −2.1% per yearThis property outperformed the market
Price per sq ftLocal median £1,284 per sq ft
£1,113 per sq ftEstimate vs local median: −£171 per sq ft (−13%)
Local sold pricesMedian for terraced in Lancaster Gate
£1,815,000Estimate vs local median: −£1,072,000 (−59%)
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 / Detached
TenureLeasehold
Construction period1900-1929
Floor area62 m² / 667 sq ft
Rooms3 habitable / 3 heated
Floor level2nd
EPC ratingC
EPC inspection05 Aug 2009

Sales history

DatePriceChange
30 Jun 2021£650,000+86%
23 Oct 2009£350,000-1%
26 Feb 2007£355,000+77%
12 Jun 2002£200,000-

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 35 recent sold properties in the last 18 months near W2 3RS.

Recent sold properties in the last 18 months near W2 3RS
DateAddressTypeTenurePriceMap
21 Nov 202517, Inverness Terrace, London, W2 3JLOtherFreehold£6,200,000
20 Jun 2025Flat 40, 27, Inverness Terrace, London, W2 3JRFlatsLeasehold£2,000,000
12 Nov 202527, Princess Court, Queensway, London, W2 4RBFlatsLeasehold£232,000
08 Dec 2025Flat 69, Queens Court, Queensway, London, W2 4QWFlatsLeasehold£700,000
25 Sept 2025Flat 95, Queens Court, Queensway, London, W2 4QRFlatsLeasehold£290,000

Other properties at this postcode

AddressTenureFloor areaLast sale
Flat 1, 40 Queensway, London-60 m²-
Flat 1, 42-44 Queensway, London-61 m²-
Flat 2, 40 Queensway, London-59 m²-
Flat 2, Regency House, 42-44 Queensway, LondonLeasehold64 m²£750,000 (2015)
Flat 3, 40 Queensway, LondonLeasehold43 m²£565,000 (2017)
Flat 3, 42-44 Queensway, London-58 m²-
Flat 4, 42-44 Queensway, London, LondonLeasehold66 m²£470,000 (2011)
Flat 5, 42-44 Queensway, LondonLeasehold41 m²£530,000 (2024)
Flat 6, 42-44 Queensway, LondonLeasehold68 m²£540,000 (2014)
Flat 9, 38 Queensway, London-51 m²-

Area insights for W2 3RS

Full area profile →

Overview

Postcode W2 3RS is located in a major urban area, within the Lancaster Gate ward of Westminster in the London region, and forms part of the Queensway area. It has high deprivation and very high crime levels, with around 339.9 crimes per 1,000 residents per year, roughly 2.6× the London average of 130 per 1,000. The average income per household in Queensway is £68,417 per year. The nearest station is Bayswater, about 0.1 miles away. There are 10 primary and 3 secondary schools in the area. There is 1 park nearby, the closest large park is Kensington Gardens.

Crime rate
10/10
Crimes per 1k residents
340
Deprivation level
7/10
Income level
4/10
Social housing
6.3%
Connectivity
10/10
Flood Risk
No risk
Noise Level
Low

Deprivation level

7/10

Queensway has a high level of deprivation, ranked at position 13,076 out of 32,844 areas in the United Kingdom, placing it within the top 40% most deprived areas in England.

Crime level

10/10

Queensway has a very high crime rate, with approximately 339.9 reported incidents per 1,000 population each year.

Social housing

6.3%

Approximately 6.3% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 13.4% of dwellings are socially rented.

Income level

4/10

The average income per household in Queensway is £68,417 per year.

Noise Level

Low

Low noise level (55.0-59.9 dB) from road, approximately 240 ft away from W2 3RS.

Flood risk

No risk

Queensway near W2 3RS 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 Bayswater located about 0.1 miles away. There are 5 stations nearby.

Nearby public transport stations for W2 3RS
DistanceZoneNameLinesDirections
0.1 mi

1

Bayswater

Circle, District

Walking directions to Bayswater
0.1 mi

1

Queensway

Central

Walking directions to Queensway
0.4 mi

1,2

Notting Hill Gate

Central, Circle, District

Walking directions to Notting Hill Gate

Parks

Nearby parks and green spaces for W2 3RS
DistanceNameSizeDirections
0.5 miKensington GardensLargeWalking directions to Kensington Gardens

Area Profile

Population
180
Population density
20,000 per km²

Crime

Crime per 1,000 population

Other theft
79.37(+594%)
Anti-social behaviour
74.7(+178%)
Violence and sexual offences
69.09(+122%)
Theft from the person
57.89(+517%)
Shoplifting
44.82(+349%)
London average

Demographics

Ethnic groups

Other White
59
32.07%
British
38
20.65%
Chinese
14
7.61%
Other
13
7.07%
Arab
12
6.52%
Total population: 184

Economics

Education (age 16+)

Level 4+ (Degree)
131
77.51%
Level 3 (A level)
17
10.06%
No qualifications
13
7.69%
Level 2 (GCSEs 9-4)
4
2.37%
Other
4
2.37%
Total 16+ residents: 169

Housing

Housing tenure

Private landlord or letting agency
62
64.58%
Owns with a mortgage
13
13.54%
Owns outright
12
12.5%
Other social rented
4
4.17%
Other forms of private rent
3
3.12%
Total households: 96

Schools

In the W2 3RS postcode area, located within Queensway, there are 10 primary and 3 secondary schools in close proximity.

Nearby primary and secondary schools for W2 3RS
DistancePhaseNameTypeRating
0.1 miNot applicableKensington Park SchoolOther independent school

N/A

0.2 miPrimaryHallfield Primary SchoolCommunity school

Good

0.3 miNot applicablePembridge Hall SchoolOther independent school

N/A

Local amenities

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

Nearby supermarkets & convenience stores for W2 3RS
DistanceNameAddressDirections
0 miQ. Food & WineWestminster, W2 4QRWalking directions to Q. Food & Wine
0 miSainsbury's LocalWestminster, W2 4QHWalking directions to Sainsbury's Local
0 miSmartQueensway, Westminster, W2 3RXWalking directions to Smart
0.1 miTesco Express62-64 Queensway, London, W2 3RLWalking directions to Tesco Express
0.1 miSimply Food & WineQueensway, Westminster, W2 3RXWalking directions to Simply Food & Wine