At the forefront of the rise of Bayswater , the Lancasters - Northacre's ambition redevelopment of the listed Thistle Hotel - has been a hot topic since work began in 2007. Apartments will become available in 2010 and prices have remained a closely guarded secret, despite a lot of interest (there's a sense of ground being tested here... developers keen to see what Bayswater might realistically become in the next five years). But this morning, thanks to a tip-off, the Rat and Mouse can reveal some numbers. The first release involves two-bedroom apartments, with a guide price ranging from £1.9m to £2.5m. So you think that's a lot? You're right. Square footage is estimated at 1,046 to 1,415... giving a price per square foot of over £1,700. In Kensington & Chelsea, it's only just broken the £1,000 barrier.

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