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The house is just a short stroll from London Paddington, which will be one of the first Crossrail stations to open.

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    A ‘For sale’ sign has been hoisted on the four bedroom picturesque mews house that Sir Michael Caine used to call ‘home’.

    The British actor lived in the property in the Bayswater area of west London during the 1960s. He starred in a roster of top films during the decade, including Alfie, Gambit and The Italian Job.

    Where is the house?

    It’s on Albion Close, the only gated mews on the Hyde Park Estate, a little-known corner of the West End that is owned by the Church Commissioners for England, the body that manages the Church of England’s assets. There are just 12 houses in the cobbled mews, giving it a peaceful and quaint vibe. As the name suggests, it is just a hop, skip and a jump from Hyde Park, one of London’s eight Royal Parks.

    The cobbled mews.One of the plush reception rooms.

    What’s the house like?

    It’s been given a facelift since Sir Michael lived there. Now, it's double the size as the property was formerly two mews houses knocked into one. That's why the house boasts not one but two reception rooms, kitchen and four ensuite bedrooms.

    The smart property has been completely refurbished by the current sellers and now features all the mod cons, such as a Poggenpohl-designed kitchen with a wine fridge and a Miele dishwasher, Poliform bedroom furniture and a Sonos sound system.

    How much does it cost to buy?

    The plush mews house is on the market for £4.95m via Kay & Co in Hyde Park & Bayswater.

    View through the rooms.Top-of-the-range kitchen.

    What’s the area like?

    The average property value in the area is £1.2m, according to PrimeLocation data. And prices have risen by £329,702 or 38.6 per cent during the past five years alone. The Lancasters, a high profile redevelopment consisting of 77 homes along a terrace overlooking Hyde Park, has given the area a major shot in the arm in recent years. 

    The most exclusive streets in the area currently include:

    Park Place Villas, where mansions fetch £9.4m

    Pembridge Place, where properties come with £6m price tags

    Dawson Place, where the typical home will set you back £5.2m

    Bedroom in the mews house.Sleek bathroom.

    What else is interesting about the area?

    The real angle here is what is about to happen on the doorstep of this mews house. London Paddington – just over a 10 minute walk away – will become one of the first new Crossrail central stations to open in 2018. The new high speed rail link will slash journey times to destinations such as Heathrow Airport and Canary Wharf – and is expected to give a good boost to property values in the neighbourhood.

    Fancy the house? Here’s what else is on the market:

    1. If you've got £24m going spare, how about this spectacular apartment overlooking Kensington Gardens? The four bedroom home comes with 24 hour concierge and valet parking service as well as a spa and gym. It is on the market via Copperstones

    The luxurious home.

    2. If you're after the comfort of a new-build home, then how about this apartment set within a Grade II listed mid-Victorian white stucco terrace? The three-bedroom flat has underfloor heating and a kitchen with Siemens appliances to boost. It is for sale at £4.7m via Fraser & Co.  

    New-build home in Bayswater.

    3. For £1.5m, you can snap up this airy apartment in a purpose-built block. The three bedroom flat, on sale via Newington Estates, features an open plan reception-kitchen, storage and access to a private balcony.

    Airy apartment.

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