Stamp Duty on a Bayswater Home
Stamp duty on the £1,050,000 Bayswater benchmark price is £48,750 at standard rates. A first time buyer pays £48,750. A second property or buy to let pays £101,250 once the surcharge is added.
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Stamp duty on the £1,050,000 Bayswater benchmark price is £48,750 at standard rates. A first time buyer pays £48,750. A second property or buy to let pays £101,250 once the surcharge is added.
What you would pay in Bayswater
On the £1,050,000 benchmark, standard residential stamp duty is £48,750. It is due within 14 days of completion.
First time buyer relief brings it to £48,750 at this price. At this price the relief makes no difference, because the property is above the ceiling where it applies.
Local prices sit above the first time buyer relief ceiling of £500,000, so relief will not help on a typical purchase here. That is a real disadvantage for first buyers in this area.
Stamp duty at the Bayswater benchmark
The commercial page for this town sets out the introduction itself: Mortgage advice in Bayswater.
The surcharge that catches people out
If you will still own another residential property worth £40,000 or more anywhere in the world after you buy, the additional property surcharge usually applies. On the £1,050,000 benchmark that adds £52,500, taking the bill to £101,250.
It catches people mid move, when the old home has not sold. You can usually reclaim the surcharge if you sell the previous main residence within the time limit. Budget for it anyway.
Where it sits in your cash pile
Stamp duty of £48,750 sits alongside a 10% deposit of £105,000 and legal and survey fees. Together that is roughly £156,250 before you own anything.
Rates are those in force from April 2025. Thresholds change with fiscal events, so confirm the current position on gov.uk before you exchange.
What else Bayswater buyers are budgeting for
The schools families ask about here are Hallfield Primary School, Westminster Academy, St James & St John CofE Primary School, St Mary of the Angels Catholic Primary School and Pembridge Hall School. 2 local schools were rated Good or Outstanding overall at their most recent graded Ofsted inspection. Ratings age between inspections, so read the latest report before you rely on one.
On getting about: Queensway to Oxford Circus takes about 7 min.
By price, Bayswater ranks 30 of the 320 London locations we cover, at £1,050,000 against a county average of £732,469. Band D council tax here is £1,048, against an average of £2,121 across the towns we cover in the county.
What that price buys in Bayswater
Bayswater is a white stucco, cosmopolitan quarter on the northern edge of Kensington Gardens.
The full local guide covers schools, transport and the market in detail: Bayswater property and area guide.
| Budget | What it buys here |
|---|---|
| Around £450,000 to £700,000 | A studio or small one-bedroom conversion flat, one of the cheaper ways into central Westminster, and where the lease and the building's use matter most. |
| Around £850,000 to £1,500,000 | A two-bedroom flat in a conversion or mansion block, the volume of the Bayswater market. |
| £1,500,000 and above | A large lateral flat on a garden square or facing the park, rising to £4,000,000 to £10,000,000+ for a whole stucco house on Cleveland Square, Leinster Square or Porchester Terrace. |
Bayswater is known locally for The fake houses at 23 to 24 Leinster Gardens, and Kensington Gardens & the Italian Gardens. Two five-foot-deep dummy facades built in the 1860s to disguise the open railway cutting where Metropolitan Railway steam trains vented, painted windows, no letterboxes, and still one of the best-known curiosities in London.
Practical detail for Bayswater: the W2 postcode district, Bayswater (Circle & District), Queensway (Central), Lancaster Gate (Central); Paddington (Elizabeth line, Bakerloo, H&C, GWR mainline, Heathrow Express) on the northern edge and nearest A and E is St Mary's Hospital, Paddington, walking distance; verify with NHS.
Bayswater has history behind the price. In Pre-19th c., Open country, market gardens and a watering place on the Westbourne stream, on the edge of London.
Professionals & frequent flyers
People who want maximum connectivity, three Underground stations, the Elizabeth line, and Heathrow fifteen minutes from Paddington, with two royal parks across the road and the West End walkable.
Downsizers
People wanting a large lateral flat beside Kensington Gardens with everything on the doorstep and a major A&E within walking distance, subject to buying in a properly managed, genuinely residential block.
Investors & developers
People who see the value-add in poorly configured conversions, tired stucco houses and short leases, provided they do the planning, licensing, lease and building-use due diligence that this district demands.
Bayswater at a glance
| Purchase price | Standard rate |
|---|---|
| £630,000 | £21,500 |
| £840,000 | £32,000 |
| £1,050,000 | £48,750 |
| £1,310,000 | £74,750 |
| £1,575,000 | £102,750 |
Figures are local averages used for illustration. Confirm your own numbers before acting on them.
Ask about Bayswater
Three details is all we need. You are told before anything is passed to a partner firm.
Your checklist
- Stamp duty of £48,750 treated as cash, not borrowing
- Your first time buyer status confirmed in writing
- The surcharge checked if you own anything else
- Current rates verified on gov.uk before exchange
The introduction costs you nothing. If you go ahead, we may be paid a fee by the firm we introduce you to. There is no obligation.
Check broadband before you make an offer in Bayswater
Broadband speeds can vary street by street in Bayswater, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
We can introduce you to a specialist who can combine your mobile, broadband and utilities into one bill. There's no fee for the introduction.
We don't provide these services ourselves. Switching household bills is not a regulated financial service, so FCA protections and the Financial Ombudsman do not apply. We'll only pass your details to the specialist if you ask us to. See our privacy notice.
Questions people ask
How much is stamp duty on a house in Bayswater?
Do first time buyers pay stamp duty here?
What if I already own a property?
How do I check broadband speed at a property in Bayswater?
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