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3 Merchant Square is a residential building situated on Merchant Square, London, W2 with 155 addresses.
It ranks as the 2638th largest and 2286th most expensive of the 2,646 buildings in the W2 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 155 properties: 155 flats.
3 Merchant Square is a residential building situated on Merchant Square, London, W2 with 155 addresses.
It ranks as the 2638th largest and 2286th most expensive of the 2,646 buildings in the W2 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 155 properties: 155 flats.
Sale prices range from £625,072 for 1 bedroom leasehold flats with a balcony (452 ft2) to £4,396,739 for 4 bedroom leasehold flats with a balcony (3,573 ft2) .
Monthly rental prices range from £3,074 pcm for 1 bed flats to £23,477 pcm for 4 bed flats.
The gross rental yield is between 5.5% and 6.5%.
The average value per square foot is £1,368.
The last sale in 3 Merchant Square sold for £2,300,000 on 29th May 2025. Since then prices are down an average of 0.7%.
The current average value in the building is £1,384,722.
The 3 Merchant Square Sales Market has decreased by 13.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.6% | £1,384,722 |
| May 2025 | -4.2% | £1,393,476 |
| May 2024 | -0.5% | £1,454,021 |
| May 2023 | -2.1% | £1,461,453 |
| May 2022 | 2.4% | £1,492,781 |
| May 2021 | -0.8% | £1,457,915 |
| May 2020 | -0.6% | £1,469,635 |
| May 2019 | -2.2% | £1,478,029 |
| May 2018 | -4.8% | £1,511,754 |
| May 2017 | -1% | £1,588,227 |
| May 2016 | -2% | £1,604,510 |
| May 2015 | 3% | £1,636,564 |
| May 2014 | 16.3% | £1,588,616 |
| May 2013 | 6.8% | £1,366,191 |
| May 2012 | 10.7% | £1,279,390 |
| May 2011 | 8% | £1,155,920 |
| May 2010 | 15.5% | £1,069,859 |
| May 2009 | -7.4% | £926,670 |
| May 2008 | 9.6% | £1,000,860 |
| May 2007 | 0% | £913,033 |
The current average rental value in the building is £7,112.
The 3 Merchant Square Rental Market has increased by 35.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 6% | £7,112pcm |
| May 2025 | 2.4% | £6,711pcm |
| May 2024 | 0.1% | £6,555pcm |
| May 2023 | 13.9% | £6,550pcm |
| May 2022 | 24% | £5,748pcm |
| May 2021 | -10.8% | £4,636pcm |
| May 2020 | -0.7% | £5,196pcm |
| May 2019 | 0.8% | £5,230pcm |
| May 2018 | 1.4% | £5,190pcm |
| May 2017 | -2.6% | £5,119pcm |
| May 2016 | 1% | £5,257pcm |
| May 2015 | 0.4% | £5,207pcm |
| May 2014 | -0.6% | £5,184pcm |
| May 2013 | -3.6% | £5,215pcm |
| May 2012 | 3.3% | £5,409pcm |
| May 2011 | 10.5% | £5,238pcm |
| May 2010 | 10.5% | £4,740pcm |
| May 2009 | -9.8% | £4,291pcm |
| May 2008 | 8.3% | £4,756pcm |
| May 2007 | 0% | £4,393pcm |
The last sale was on 29th May 2025 for £2,300,000 and since then the market in the area has decreased by 0.7%. The building has had a total of 179 sales since 1995.
3, Merchant Square, London, W2 1AZ has seen 16 sales in the last three years and no sales in the last twelve months.
The closest station to 3, Merchant Square, London, W2 1AZ is Edgware Road station which is 200 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Merchant Square, London, W2 1AZ, % of property is and % is .
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3, Merchant Square, London, W2 1AZ, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3, Merchant Square, London, W2 1AZ, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3, Merchant Square, London, W2 1AZ, there are an average of 0.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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