According to the public record, 16, Salem Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 1,614 ft2 of internal area.
Apartments of this size in this area normally have 4 bedrooms.
Salem Road, London, W2 is located in the borough of City of Westminster within the W2 postal district.
16, Salem Road, London has a single entry in the Land Registry database from August 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Salem Road London as £1,801,016 and the rental value as £6,848 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 16 Salem Road London has increased by £82,753 (4.6%) and its rental value has increased by £420 per month (6.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Salem Road, London is in very good condition we estimate a sale value of £1,891,067 and rental value of £7,190 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,674,945 and a rental value of £6,368 per month.
If you were able to purchase this property for the estimated value of £1,801,016, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £8,851 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 16, Salem Road, London was last sold on 31 Aug 2022 for £11,045,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2022, the market for similar properties has risen 3.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Salem Road, London within a radius of 230 metres over the last 2 years.
The most recent example is Flat 5, 22, Kensington Gardens Square, London, W2 4BE, a Leasehold flat which sold for £1,950,000 in Dec 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 230 metres radius of 16, Salem Road, London over the last 2 years.
Most recently Flat 6, 46, Inverness Terrace, London, W2 3JA, a Leasehold flat let by Jorgensen Turner in Jun 2024.
Salem Road, London, W2 has a total of 41 addresses. According to our analysis of all the public data, 16, Salem Road, London is the 4th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £687k more expensive than the average property in W2.
The closest station to 16, Salem Road, London is Bayswater station which is 100 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Salem Road, London, 61.3% of property is privately rented and 17.2% is privately owned outright.
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 16, Salem Road, London, 14.4% of residents are recorded as possessing school level qualifications and 67.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Salem Road, London, the average age was 37.5 and the most common age was 27.
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 16, Salem Road, London, 2.1% 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 16, Salem Road, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.