According to the public record, 55, Lancaster Mews, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 731 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Lancaster Mews, London, W2 is located in the borough of City of Westminster within the W2 postal district.
55, Lancaster Mews, London has a single entry in the Land Registry database from August 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 55 Lancaster Mews London as £782,754 and the rental value as £3,251 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of 55 Lancaster Mews London has increased by £37,989 (4.9%) and its rental value has increased by £211 per month (6.5%).
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 55, Lancaster Mews, London is in very good condition we estimate a sale value of £821,892 and rental value of £3,414 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £727,961 and a rental value of £3,024 per month.
If you were able to purchase this property for the estimated value of £782,754, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,847 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, 55, Lancaster Mews, London was last sold on 16 Aug 2006 for £895,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Lancaster Mews, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 23, Swinton House 95, Gloucester Terrace, London, W2 3HB, a Leasehold flat which sold for £720,000 in Dec 2022.
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, 55, Lancaster Mews, London is the 49th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £331k less expensive than the average property in W2.
The closest station to 55, 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 55, 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 55, 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 55, 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 55, 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 55, 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.