With the news this week that a town house for sale on Westbourne Terrace, London, W2, has secured a record-breaking sales value of c. £8 million, YOUhome founder and former resident of Westbourne Terrace, Adrian Black, looks back on the evolution of the Paddington area and its growing attractiveness for home buyers today.
Westbourne Terrace is well-known as the tree-lined boulevard located parallel to Paddington Station, W2. With heritage stucco-fronted terrace architecture, it provides a grand exterior and shield to its less visually significant neighbour, Paddington station.
What were once townhouses in the 1900s, today these homes stand reconfigured into individual apartments spread along most of the length of Westbourne Terrace. The Terrace is Grade II listed, with very few houses remaining, encapsulating its once noble history.
An apartment in Westbourne Terrace owned by YOUhome's Adrian Black, illustrates perfectly why these homes have grown in popularity with Londoners. “This 1400sq ft apartment designed across three levels, with feature balcony, high ceilings, lift service, private parking, all literally a moments’ walk from the station.” explains Adrian Black, “Westbourne Terrace has offered rising value to buyers over the last 5 years. Today however, prices really have caught up with other prime central London postcodes.”
Looking at sold house prices in Westbourne Terrace, London W2, the highest value flat sale in the last 5 years achieved £3.2million. Price per sq ft ranges from £3,150 to £1,500 depending on size and interior.
Investment in London transport, the reinvention of Whiteleys, new local residential developments in Bayswater and the nearby waterside canal area combine to make an extremely attractive lifestyle. With easy access to Heathrow and the city, location is everything.
Spring is an excellent time for local homeowners in W2 to review an up to date valuation of their property. This milestone £8 million house sale on Westbourne Terrace will create a positive halo effect across the area, draw buyer interest and reaffirm the desirability of living in W2. Message YOUhome to arrange a home valuation now.