According to the public record, 24, Stanhope Terrace, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 791 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Stanhope Terrace, London, W2 is located in the borough of City of Westminster within the W2 postal district.
24, Stanhope Terrace, London has a single entry in the Land Registry database from July 2023 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 24 Stanhope Terrace London as £845,339 and the rental value as £3,627 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 24 Stanhope Terrace London has increased by £35,541 (4.2%) and its rental value has increased by £234 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 24, Stanhope Terrace, London is in very good condition we estimate a sale value of £887,606 and rental value of £3,808 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £786,165 and a rental value of £3,373 per month.
If you were able to purchase this property for the estimated value of £845,339, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,155 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, 24, Stanhope Terrace, London was last sold on 27 Jul 2023 for £950,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2023, the market for similar properties has risen 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Stanhope Terrace, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 26, Gilray House, Gloucester Terrace, London, W2 3DF, a Leasehold flat which sold for £925,000 in Aug 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stanhope Terrace, London, W2 has a total of 43 addresses. According to our analysis of all the public data, 24, Stanhope Terrace, London is the 28th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £269k less expensive than the average property in W2.
The closest station to 24, Stanhope Terrace, London is Lancaster Gate station which is 200 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 24, Stanhope Terrace, London, 59.6% of property is privately rented and 22.3% 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 24, Stanhope Terrace, London, 15.3% of residents are recorded as possessing school level qualifications and 74.4% 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 24, Stanhope Terrace, London, the average age was 37.1 and the most common age was 22.
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 24, Stanhope Terrace, London, 10.3% 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 24, Stanhope Terrace, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.