According to the public record, 23, Wellesley Road, London is a mid-century leasehold apartment and with 839 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Wellesley Road, London, NW5 is located in the borough of Camden within the NW5 postal district.
23, Wellesley Road, London has 2 entries in the Land Registry database, most recently in November 2023 and 2 entries in the EPC database, most recently in July 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 23 Wellesley Road London as £475,593 and the rental value as £2,411 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 23 Wellesley Road London has decreased by £5,564 (1.2%) and its rental value has increased by £157 per month (6.5%).
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 23, Wellesley Road, London is in very good condition we estimate a sale value of £499,373 and rental value of £2,531 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £442,302 and a rental value of £2,242 per month.
If you were able to purchase this property for the estimated value of £475,593, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,337 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, 23, Wellesley Road, London was last sold on 03 Nov 2023 for £518,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2023, the market for similar properties has dropped 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Wellesley Road, London within a radius of 55m over the last 2 years.
The most recent example is 273, Weedington Road, London, NW5 4PR, a Leasehold flat which sold for £468,000 in Jul 2022.
Read more about house prices in NW5.
Wellesley Road, London, NW5 has a total of 125 addresses. According to our analysis of all the public data, 23, Wellesley Road, London is the 26th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £266k less expensive than the average property in NW5.
23, Wellesley Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Jul 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 23, Wellesley Road, London is Gospel Oak station which is 500 m 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 23, Wellesley Road, London, 60.8% of property is socially rented and 17.2% is privately rented.
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 23, Wellesley Road, London, 22.3% of residents are recorded as possessing school level qualifications and 46.0% 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 23, Wellesley Road, London, the average age was 35.9 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 23, Wellesley Road, London, 0.8% 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 23, Wellesley 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.