According to the public record, 40, Park Steps, London is a mid-century leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Park Steps, London, W2 is located in the borough of City of Westminster within the W2 postal district.
40, Park Steps, London has 21 entries in the Land Registry database, most recently in June 2014 and a single entry in the EPC database dated November 2013.
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 40 Park Steps London as £774,135 and the rental value as £3,124 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 40 Park Steps London has increased by £17,676 (2.3%) and its rental value has increased by £190 per month (6.1%).
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 40, Park Steps, London is in very good condition we estimate a sale value of £812,841 and rental value of £3,280 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £719,945 and a rental value of £2,905 per month.
If you were able to purchase this property for the estimated value of £774,135, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,805 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, 40, Park Steps, London was last sold on 13 Jun 2014 for £700,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2014, the market for similar properties has dropped 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Park Steps, London within a radius of 270 metres over the last 2 years.
The most recent example is 45, Kendal Steps, London, W2 2YE, a Leasehold flat which sold for £850,000 in Feb 2024.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Steps, London, W2 has a total of 45 addresses. According to our analysis of all the public data, 40, Park Steps, London is the 27th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £340k less expensive than the average property in W2.
40, Park Steps, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Nov 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to 40, Park Steps, London is Marble Arch station which is 500 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 40, Park Steps, London, 60.8% of property is privately rented and 24.8% 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 40, Park Steps, London, 29.0% of residents are recorded as possessing school level qualifications and 49.0% 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 40, Park Steps, 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 40, Park Steps, London, 2.3% 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 40, Park Steps, 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.