Bayswater is being rejuvenated with some exciting new property developments – interest has increased from those looking to be close to Notting Hill and with easy access into to the West End and the City, it’s looking like it could be one of London’s newest hotspots.
Philip Eastwood, Partner, The Buying Solution comments:
“The spot light is currently on W2 more than ever – it is a real opportunity area and will see the greatest change of any area around the royal park this decade. Overall sold prices in Bayswater over the last year were 11% up on the previous year and are now similar to the 2017 levels.
The Notting Hill boundary with Bayswater is technically Chepstow Villas, W11 but in the past five to 10 years there has been a shift east, ‘expanding’ Notting Hill into the area traditionally deemed Bayswater – W2. Streets like Pembridge Place, Hereford Road, Ossington Street, Leinster Square and Monmouth Grove are a W2 4 postcode but today deemed just as desirable as Notting Hill postcodes. This side of Queensway, within the Bayswater W2 postcode, is essentially a bit of a micro climate and for most they now just call it Notting Hill. They have all the benefits of Notting Hill, Westbourne Grove and accessibility for the park and same great architecture and garden squares, but also the knowledge that the eastern side and Queensway high street itself is on the up too with the Meyer Bergman investments. Guest houses, hostels and hotels of the last century have gradually been transformed into desirable private residences and the proximity to Paddington is a positive, with the arrival of Crossrail imminent. And the area retains a certain charm – the tradition of the Sunday artist exhibition continues, with an array of paintings by 150 artists decorating the park railings, much like the art scenes seen on the banks of the River Seine in Paris. Meanwhile the gardens of Kensington Palace and surrounds are arguably some of the most attractive parts of the park.
The development of Park Modern, the Fenton Whelan scheme on the corner of Queensway and the Bayswater Road which runs along North Hyde Park has shone a particularly pleasing light on the area and really smarted up the entrance to Queensway, and the redevelopment of Whiteleys and other key projects are taking shape. The scheme has a fantastic location overlooking the park and Hyde Park water feature, which is deemed positive from a Feng shui perspective.
To read the full article click here; https://www.mansionglobal.com/articles/londons-bayswater-offers-charm-and-luxury-homes-at-something-of-a-discount-compared-to-its-neighbors-212726