Houses for sale in Bayswater, London

A multicultural hotspot, houses for sale in Bayswater offer attractive property investment opportunities

With a range of luxury amenities, green space, transport links and highly-rated schools bringing more people to this area of London, houses for sale in Bayswater provide exciting property investment opportunities for overseas investors.

Bayswater’s luxury amenities

Located in West London, Bayswater is an area within the City of Westminster, a core borough of Central London. It’s home to the stately royal residence Kensington Palace, which is one of London’s top attractions.

Bayswater conveniently borders the north of Hyde Park and Kensington Gardens, providing access to some of the best parks in the capital. Kensington Gardens Square is also located there and is one of London’s most illustrious garden squares.

There are a number of entertainment offerings and luxury amenities with the bowling and ice-skating rink, The Queens Ice Bowl, and a cinema. As a much-celebrated local landmark, the Porchester Spa provides a place of relaxation for residents.

When it comes to shopping and dining, Bayswater has so much to offer. The main Queensway Road is lined with cafes, bistros and restaurants offering a range of food from around the world, including the well-known Chinese restaurant The Four Seasons.

There are also high-end boutiques and vintage markets within easy reach of this area of West London. London’s vibrant West End is only a 15-minute walk from Bayswater, offering further amenities and attractions within easy reach. Portobello Road, which is the location for the world’s largest antiques market, is nearby too.

On top of that, Bayswater has some of the most well-known pubs in London. The Bayswater Arms is a popular British pub and is said to have been frequented by many famous names over the years, including Charles Dickens.

Transport links and schools bringing people to Bayswater

Bayswater has strong transport links with easy access to other key areas of London. Several tube stations are located within the district, including Bayswater and Queensway Stations. This makes it a particularly popular area for young professionals to live in.

The area is only a stone’s throw from Paddington Station, which provides even more connections to other areas of London and the wider UK. Additionally, there are regular buses in the area.

Families, especially young families, are also attracted to the area due to its range of nearby parks and green spaces and schools.

In Bayswater, there are a number of primary schools all rated good by Ofsted, including St Stephen’s Church of England Primary, Hallfield Primary and St Mary of the Angels Catholic Primary. There are a couple secondary schools that have been rated outstanding as well, including Holland Park School and Westminster Academy.

Regeneration continuing to transform the district

The former Whiteleys department store, which was one of the first department stores in London, is undergoing a £1bn redevelopment. The renovation is turning more than 1.1m sq ft of space into new apartments and leisure facilities, such as restaurants, cafes, gym and cinema. This will only further elevate the city.

Additionally, Queensway Road will become more pedestrian friendly. The opening of the new Crossrail line at Paddington Station will also further improve the area’s connections and transport links as well.

Bayswater’s upcoming investment, regeneration and development schemes are elevating this prime location and will undoubtedly bring more people to the district.

The Bayswater property market

In the heart of Central London, Bayswater is a built-up district with a high population density of 17,500 per sq km. The district sits within the postal district of W2. Historically, the area was considered a secondary location compared to its desirable neighbouring areas. However, Bayswater’s W2 has been transformed into a particularly attractive postcode.

Within Bayswater, many of the streets are lined with impressive stuccoed terraces and pretty garden squares. The district is considered one of the most cosmopolitan areas of London and is an affluent suburb in the heart of the capital.

Currently, Bayswater is one of the top buyers’ markets in Central London. It’s home to cheaper properties than some of the nearby super prime markets of Notting Hill and Marylebone.

Over the last year, the average property price in Bayswater has sat at £1,311,628, according to figures from Rightmove. The majority of sales were flats, selling for an average price of £999,560.

Throughout the district, there are numerous tall terraced Victorian and Edwardian houses, in addition to mansion blocks and mews houses. Many of which have been renovated and divided into flats and apartments. Some hotels have even been transformed into luxury apartments.

Overseas property investment opportunities in Bayswater

Currently, a number of new and contemporary housing developments are coming forward to help keep up with the growing demand. Properties closer to Hyde Park and Kensington Gardens tend to be the most sought after.

Bayswater is extremely multicultural with a diverse population. It attracts people from all over the world, making it an ideal location for property investment. House prices have been on the rise in Bayswater, and further capital growth is expected with further investment earmarked for the future.

Property investors in Westminster have also been earning a 3.75% rental yield on average, according to research by Chestertons. This is a higher rental yield than most areas across Prime Central London.

Bayswater’s property investment prospects look bright with its upcoming redevelopment projects and fast-growing community. With housing demand high and only expected to increase, it could be a lucrative time to invest in Bayswater.