According to the public record, 29, Lancaster Mews, London is a modern freehold house with 1,157 ft2 of internal area and sits on a 69.6 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Lancaster Mews, London, W2 is located in the borough of City of Westminster within the W2 postal district.
29, Lancaster Mews, London has a single entry in the Land Registry database from December 2009 and a single entry in the EPC database dated May 2009.
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 29 Lancaster Mews London as £2,126,873 and the rental value as £7,665 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 29 Lancaster Mews London has increased by £117,561 (5.5%) and its rental value has increased by £550 per month (7.2%).
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 29, Lancaster Mews, London is in very good condition we estimate a sale value of £2,233,216 and rental value of £8,048 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,977,991 and a rental value of £7,129 per month.
If you were able to purchase this property for the estimated value of £2,126,873, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £10,453 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 data from HM Land Registry, 29, Lancaster Mews, London sits on a plot of 70m2.
We have plot size data on 17 out of 24 other houses in the postcode and 29, Lancaster Mews, London sits on the 7th largest plot.
According to HM Land Registry, 29, Lancaster Mews, London was last sold on 11 Dec 2009 for £1,760,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2009, the market for similar properties has risen 61.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 29, Lancaster Mews, London within a radius of 200 metres over the last 2 years.
The most recent example is 10, Leinster Mews, London, W2 3EY, a Freehold house which sold for £1,700,000 in Sep 2020.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Mews, London, W2 has a total of 60 addresses. According to our analysis of all the public data, 29, Lancaster Mews, London is the 40th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £1.013m more expensive than the average property in W2.
29, Lancaster Mews, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 May 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 29, Lancaster Mews, London is Lancaster Gate station which is 300 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 29, Lancaster Mews, London, 65.8% of property is privately rented and 18.5% 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 29, Lancaster Mews, London, 14.0% of residents are recorded as possessing school level qualifications and 73.8% 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 29, Lancaster Mews, London, the average age was 37.3 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 29, Lancaster Mews, London, 3.8% 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 29, Lancaster Mews, 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.