Auction

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Auction

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Flat for sale Merchant Square East, London, W2

Asking price

£325,000

Added on 29/09/2026

For sale by auction

Type: Flat
Bedrooms: Studio
Bathrooms: 1
Size: £953 per sq ft
Tenure: Leasehold

Key features

Studio Apartment
13th Floor
Kitchen/Dining area
Bedroom Area
Bathroom
Lift
Concierge
341 sq ft (31.7 sq m)

About this property

Wonderful opportunity to purchase an immaculately finished studio apartment in Paddington Basin. The property has been finished to a high standard and is exceptionally well maintained.

Situated on the 13th floor, the apartment is conveniently accessed via a lift. The apartment has been thoughtfully designed throughout to maximise the sense of space. It features a well-appointed kitchen and dining area, which flows seamlessly into the sleeping area, creating a bright and practical living environment. There is also a well appointed three piece bathroom.

Floorplan

Council tax

Ask agent

Per year

Band A

£700
Band B

£816
Band C

£933
Band D

£1,050
Band E

£1,283
Band F

£1,516
Band G

£1,749
Band H

£2,099

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Westminster, 2026/27 bills run from £700 a year in band A to £2,099 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across Westminster, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Price guide

This home

£953 / sq ft

Area average (sold)

£1,310 / sq ft

Price per area, sold homes nearby

£750 / sq ft

£953 / sq ft

£1,981 / sq ft

Lowest

This home

Highest

£953 per sq ft, below the middle of recent sales in W2 (£750–£1,981, 10th–90th percentile, 737 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 737 homes sold in W2 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in W2 →

Location

Merchant Square East, London, W2

Open map Street View

Mortgage and stamp duty

Property price £325,000

£162k £488k

Deposit10% £33,000

£0 £325k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £292,000 mortgage. Most lenders would want a household income of about £65,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Apartment 1303, 4, Merchant Square East Flat / maisonette	Flat / maisonette	Jul 2026	980 sq ft £842/sq ft	980 sq ft	£842	£825,000
Apartment 1306, 4, Merchant Square East Flat / maisonette	Flat / maisonette	Mar 2025	334 sq ft £809/sq ft	334 sq ft	£809	£270,000
Apartment 1004, 4, Merchant Square East Flat / maisonette	Flat / maisonette	Nov 2020	1,216 sq ft £970/sq ft	1,216 sq ft	£970	£1,180,000
Apartment 1205, 4, Merchant Square East Flat / maisonette	Flat / maisonette	Dec 2018	409 sq ft £1,161/sq ft	409 sq ft	£1,161	£475,000
Apartment 1006, 4, Merchant Square East Flat / maisonette	Flat / maisonette	Oct 2018	732 sq ft £1,202/sq ft	732 sq ft	£1,202	£880,000
Apartment 1005, 4, Merchant Square East Flat / maisonette	Flat / maisonette	Dec 2017	861 sq ft £1,150/sq ft	861 sq ft	£1,150	£990,000
Apartment 906, 4, Merchant Square East Flat / maisonette	Flat / maisonette	Oct 2017	732 sq ft £1,178/sq ft	732 sq ft	£1,178	£862,000
Apartment 1006, 4, Merchant Square East Flat / maisonette	Flat / maisonette	Aug 2015	732 sq ft £1,243/sq ft	732 sq ft	£1,243	£910,000