According to the public record, 31, Luxborough Tower, London is a mid-century leasehold apartment and with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Luxborough Tower, Luxborough Street, London, W1.
Luxborough Street, London, W1 is located in the borough of City of Westminster within the W1 postal district.
31, Luxborough Tower, London has a single entry in the Land Registry database from October 2023 and 2 entries in the EPC database, most recently in June 2020.
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 31 Luxborough Tower London as £648,375 and the rental value as £2,636 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 31 Luxborough Tower London has decreased by £8,901 (1.4%) and its rental value has increased by £131 per month (5.0%).
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 31, Luxborough Tower, London is in very good condition we estimate a sale value of £680,793 and rental value of £2,768 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £602,988 and a rental value of £2,452 per month.
If you were able to purchase this property for the estimated value of £648,375, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,187 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, 31, Luxborough Tower, London was last sold on 20 Oct 2023 for £510,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2023, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Luxborough Tower, London within a radius of 0m over the last 2 years.
The most recent example is 60, Luxborough Tower, Luxborough Street, London, W1U 5BW, a Leasehold flat which sold for £670,000 in Dec 2023.
Read more about house prices in W1.
Luxborough Street, London, W1 has a total of 247 addresses. According to our analysis of all the public data, 31, Luxborough Tower, London is the 177th largest and the 187th most expensive property on the street.
When compared to the postcode district it is £1.352m less expensive than the average property in W1.
31, Luxborough Tower, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Jun 2020.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to 31, Luxborough Tower, London is Baker Street station which is 200 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 31, Luxborough Tower, London, 37.3% of property is socially rented and 27.0% 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 31, Luxborough Tower, London, 19.0% of residents are recorded as possessing school level qualifications and 52.8% 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 31, Luxborough Tower, London, the average age was 38.4 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 31, Luxborough Tower, London, 7.7% 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 31, Luxborough Tower, 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.