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W2 1BF

3 Merchant Square, Paddington W2

£1,395,000
£194,000 below fair value
2 Beds
2 Baths
88 m² Floor area
Type Flat
Listed 11 Sep 2026
Price per m² £15,852 / m²

Napier Watt are proud to present this stunning ninth floor apartment (with lift) in this new development within Paddington Basin. The property consists of master bedroom with dressing area and en suite shower room, second double bedroom, one bathroom, reception room and a fully fitted, open plan kitchen.

Further benefits include underfloor heating, comfort cooling and 24 hour concierge. Adjacent to the Grand Union Canal, Merchant Square is a new development and it is conveniently located moments from the transport and shopping amenities of Paddington. EPC Rating B.

Entrance Hall : Reception Room : Open Plan Kitchen : Master Bedroom With Ensuite : Second Bedroom Bathroom : Winter Gardens : Lifts : Comfort Cooling : Concierge :

Napier Watt Says - We believe this is the flagship development in the Paddington Basin.

Leasehold 999 from March 1995 ie 976 years remaining
Service Charge : £5,839 per half year
Ground Rent £512 per Annum
EPC :
Westminster Council Tax : F

How the asking price has moved

Sep 2026
£1,395,000
Listed at original asking price

Prices, costs and transport nearby

What homes within 400 m sold for since Nov 2023, by type. Source: HM Land Registry.

Type Median Middle 80%
Flat This home
Median
128 sales
Terraced
Median
4 sales
Semi-Detached
No sales nearby
Detached
No sales nearby

Most recent sales

Address Sold price Date Type
Flat 617, BALMORAL APARTMENTS, 2 PRAED STREET, W2 1AL £1,480,000 Aug 2026 Flat
Flat 206, WESTCLIFFE APARTMENTS, 1 SOUTH WHARF ROAD, W2 1JB £1,030,000 Aug 2026 Flat
Flat 801, 4, 4 MERCHANT SQUARE EAST, W2 1AN £580,000 Jul 2026 Flat
Flat 102, BALMORAL APARTMENTS, 2 PRAED STREET, W2 1JL £800,000 Jul 2026 Flat
Flat 1303, 4, 4 MERCHANT SQUARE EAST, W2 1AP £825,000 Jul 2026 Flat
Flat 108, WESTCLIFFE APARTMENTS, 1 SOUTH WHARF ROAD, W2 1JB £400,000 Jul 2026 Flat
Flat 404, BALMORAL APARTMENTS, 2 PRAED STREET, W2 1JL £500,000 Jun 2026 Flat
Flat 207, 4, 4 MERCHANT SQUARE EAST, W2 1AN £750,000 Jun 2026 Flat
Flat 516, BALMORAL APARTMENTS, 2 PRAED STREET, W2 1AL £1,000,000 Apr 2026 Flat
Flat D301, DAHLIA HOUSE, NORTH WHARF ROAD, W2 1AW £985,000 Apr 2026 Flat
Flat 110, PENINSULA APARTMENTS, 4 PRAED STREET, W2 1JE £565,000 Apr 2026 Flat
Flat 214, PENINSULA APARTMENTS, 4 PRAED STREET, W2 1JE £840,000 Apr 2026 Flat
Flat 410, BALMORAL APARTMENTS, 2 PRAED STREET, W2 1JL £780,000 Apr 2026 Flat
Flat 203, WESTCLIFFE APARTMENTS, 1 SOUTH WHARF ROAD, W2 1JB £580,000 Mar 2026 Flat
Flat 402, 4, 4 MERCHANT SQUARE EAST, W2 1AN £1,140,000 Dec 2025 Flat
Source: HM Land Registry · within 200 m · most recent first

3 Merchant Square, Paddington W2

Asking price
£1,395,000
£194,000 below fair value
Our fair price estimate £1,589,000
Price per m² £15,852 / m²
Fair price = nearby sold prices per m² × UK HPI × 88 m² floor area (EPC-declared). Source: Land Registry, EPC & UK HPI.
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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 88 m². Updated daily.

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