According to the public record, 3, Park Place, London is a modern leasehold apartment and with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Park Place, London, N1 is located in the borough of Islington within the N1 postal district.
3, Park Place, London has 41 entries in the Land Registry database, most recently in February 2024 and 2 entries in the EPC database, most recently in June 2022.
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 3 Park Place London as £538,692 and the rental value as £2,562 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 3 Park Place London has decreased by £4,362 (0.8%) and its rental value has increased by £161 per month (6.3%).
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 3, Park Place, London is in very good condition we estimate a sale value of £565,626 and rental value of £2,691 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £500,983 and a rental value of £2,383 per month.
If you were able to purchase this property for the estimated value of £538,692, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,648 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, 3, Park Place, London was last sold on 19 Feb 2024 for £570,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2024, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Park Place, London within a radius of 251m over the last 2 years.
The most recent example is Flat 14, Chaplin House 55, Shepperton Road, London, N1 3DH, a Leasehold flat which sold for £535,000 in Dec 2023.
Read more about house prices in N1.
Park Place, London, N1 has a total of 14 addresses. According to our analysis of all the public data, 3, Park Place, London is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £198k less expensive than the average property in N1.
3, Park Place, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Jun 2022.
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 3, Park Place, London is Essex Road station which is 700 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 3, Park Place, London, 42.2% of property is socially rented and 29.7% 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 3, Park Place, London, 14.1% of residents are recorded as possessing school level qualifications and 58.6% 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 3, Park Place, London, the average age was 37 and the most common age was 32.
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 3, Park Place, London, 5.2% 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 3, Park Place, 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.