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£32,000 below fair value

W2 1PW

Hermitage Street, London, W2

1 Beds
1 Baths
43 m² Floor area
Type Flat
Listed 29 May 2026
Asking price £450,000
Price per m² £10,465 / m²

A superb one bedroom apartment in Paddington W2, ideally positioned within a modern purpose-built development with 24-hour concierge and lift access. Situated on the first floor, this well-presented property offers contemporary living in one of Central London’s most connected and high-demand rental locations.

The apartment comprises a bright and spacious open-plan kitchen and living room with wooden flooring and a fully fitted modern kitchen, perfect for entertaining or relaxing. The generous double bedroom features a fitted wardrobe and direct access to a private balcony.

This is an excellent opportunity for a first-time buyer seeking a Central London home, or a buy-to-let investor looking to capitalise on strong rental demand from professionals working in the City and West End, as well as students attending nearby world-renowned universities.

Located within the sought-after Munkenbeck Building on quiet Hermitage Street, the property is moments from Paddington Station, offering outstanding transport links including:

Bakerloo Line, Circle Line, District Line, Hammersmith & City Line, Elizabeth Line, National Rail services, Heathrow Express (approx. 15 minutes to Heathrow Airport)

Additional nearby stations include:

- Edgware Road Station
- Lancaster Gate Station
- Marble Arch Station

Residents benefit from immediate access to Paddington Basin, a vibrant canal-side destination offering shops, cafés, restaurants and bars, while the A40 provides convenient road access in and out of London.

Tenure: Leasehold
Lease Remaining: 968 Years
Ground Rent: £150 per annum
Service Charge: £5,830 per annum + Reserve Fund Contribution: £749 per annum
Council Tax Band: E

Some photographs contain CGI enhancements for marketing purposes.

All prospective purchasers are advised to make their own enquiries via a solicitor.

How the asking price has moved

May 2026
£450,000
Listed at original asking price

What similar homes actually sold for

Nearby Land Registry transactions — the data behind our fair price estimate.

Source: HM Land Registry · W2 1PW · Sorted by date

Hermitage Street, London, W2

Our fair price estimate
£482,000
Nearby sold prices per m² × UK HPI × 43 m² floor area (EPC-declared)
Asking price £450,000
Fair price £482,000
Difference ↓ £32,000 under
Price per m² £10,465 / m²
Contact landlord
About this valuation

Fair price calculated from HM Land Registry sold prices in the same postcode area, adjusted by the UK House Price Index, and multiplied by the EPC-declared floor area of 43 m². Updated daily.