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1 bed flat to rent

£2,708 pcm (£625 pw)

3 Merchant Square East, London W2

1 1 514 sq. ft*
Interested in this property? Call +44 20 3641 5242 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Balcony
  • Central heating
  • Double glazing
  • Porter/security
  • Waterfront
  • Wood floors

Property description

This one bedroom apartment comprises of an open plan living room/kitchen, well designed bedroom, high specification bathroom and a spacious balcony.
Benefiting from 11th floor view, residents cinema, climate control, communal lounge and Virgin gym facilities within 2 minutes walking distance.
Situation
3 Merchant Square is an exciting waterside development situated in the newly regenerated Paddington Basin.
Merchant Square offers residents a vibrant mix of shops, restaurants and is located a short walk away from Paddington Station (Bakerloo, Hammersmith & City, Circle, District lines and Heathrow Express), Edgware Road (Circle, District and Bakerloo lines), Oxford Street and Marble Arch (Central Line) and Hyde Park.

Property info

Market activity
Average price paid £1,306,247 Sales 321 Current average value £1,272,235 (Zoopla Zed-Index) Value change -£30,829 ▼ -2.37%

Property value data/graphs for W2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £7,794,453 £2,099 4.9 £7,250,000
Semi-detached £4,290,043 £1,572 4.5 £2,502,300
Terraced £2,745,152 £1,492 3.6 £2,624,266
Flats £1,029,810 £1,395 2.0 £1,050,626

Current asking prices in W2

Average: £1,688,896
Avg. current asking prices in W2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £751,250
(4)
£1,451,429
(7)
£2,499,950
(20)
£3,862,500
(20)
£4,943,125
(8)
Flats £683,957
(248)
£1,181,697
(386)
£2,250,490
(164)
£3,468,416
(31)
£5,722,222
(9)
All £685,025
(252)
£1,186,501
(393)
£2,277,605
(184)
£3,622,959
(51)
£5,355,588
(17)

Current asking rents in W2

Average: £3,741 pcm
Avg. current asking prices in W2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £1,842 pcm
(11)
£3,076 pcm
(30)
£5,388 pcm
(25)
£8,464 pcm
(14)
£11,765 pcm
(13)
Flats £2,047 pcm
(514)
£3,087 pcm
(522)
£5,422 pcm
(546)
£7,886 pcm
(133)
£13,000 pcm
(1)
All £2,042 pcm
(525)
£3,087 pcm
(552)
£5,420 pcm
(571)
£7,941 pcm
(147)
£11,853 pcm
(14)

Fun facts for W2

Highest value in W2
Highest value streets Zed-Index
Pembridge Place £6,523,103
Dawson Place £5,752,054
Connaught Square £4,015,362
Hyde Park Street £3,870,406
Northumberland Place £3,792,407
Highest turnover in W2
Highest turnover streets Turnover
Victoria Grove Mews 46.2%
Albion Close 41.7%
St. Georges Fields 40.0%
Bathurst Street 35.0%
Fulton Mews 33.3%

What Zoopla users think of W2

Overall rating:

  • currently 4.5 stars
Very good - 88% (263 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate W2:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Edgware Road Bakerloo (0.1 miles)
  • Edgware Road Circle (0.2 miles)
  • London Paddington (0.3 miles)
  • London City Airport (9.8 miles)
  • London Heathrow Airport (12.8 miles)
  • London Gatwick Airport (25.7 miles)
  • Embankment Pier (2.3 miles)
  • Savoy Pier (2.3 miles)
  • Westminster Millennium Pier (2.4 miles)

Nearby schools

View all schools in Westminster
  • The Minerva Academy (0.2 miles)
  • L'Ecole Bilingue Elementaire (0.3 miles)
  • Christ Church Bentinck CofE Primary School (0.3 miles)
  • City of Westminster College (0.2 miles)
  • Lansdowne College (0.9 miles)
  • David Game College (1.3 miles)
  • Ark King Solomon Academy (0.2 miles)
  • Abingdon House School (0.4 miles)
  • The Sylvia Young Theatre School (0.4 miles)
Note: Distances are straight line measurements

Local info for Westminster

About the neighbours in W2

AskMe Q&A for Westminster

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Parkers, W1H on +44 20 3641 5242 * (local rate)

Monthly running costs Beta

£2,881 Monthly total

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £35/mo (£415/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £23 Electricity £27 Estimated energy cost £50/mo

Similar properties could save up to £197

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6900 kWh/year
Electricity: 2100 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Westminster

Estimated tax band D Council tax cost £69 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £9 Sewerage £10 Estimated water cost £19 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Rent

Rental cost £2,708 /mo

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parkers, and do not constitute property particulars. Please contact Parkers for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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