According to the public record, 48 Park West, London is a early-century leasehold apartment and with 893 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Park West, Edgware Road, London, W2.
Edgware Road, London, W2 is located in the borough of City of Westminster within the W2 postal district.
48 Park West, London has 41 entries in the Land Registry database, most recently in August 2014 and a single entry in the EPC database dated January 2014.
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 48 Park West London as £713,425 and the rental value as £3,009 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 48 Park West London has increased by £15,401 (2.2%) and its rental value has increased by £177 per month (5.9%).
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 48 Park West, London is in very good condition we estimate a sale value of £749,096 and rental value of £3,159 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £663,485 and a rental value of £2,798 per month.
If you were able to purchase this property for the estimated value of £713,425, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,506 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, 48 Park West, London was last sold on 23 Aug 2014 for £710,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Aug 2014, the market for similar properties has dropped 8.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48 Park West, London within a radius of 0m over the last 2 years.
The most recent example is Flat 410, Park West, Edgware Road, London, W2 2QT, a Leasehold flat which sold for £750,000 in Jul 2023.
Read more about house prices in W2.
Edgware Road, London, W2 has a total of 1491 addresses. According to our analysis of all the public data, 48 Park West, London is the 269th largest and the 478th most expensive property on the street.
When compared to the postcode district it is £401k less expensive than the average property in W2.
48 Park West, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Jan 2014.
The property is connected to mains gas and has partial triple glazing. It is heated using a community scheme.
The closest station to 48 Park West, London is Edgware Road station which is 500 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 48 Park West, London, 79.3% of property is privately rented and 7.6% 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 48 Park West, London, 21.6% of residents are recorded as possessing school level qualifications and 49.7% 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 48 Park West, 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 48 Park West, London, 1.5% 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 48 Park West, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.