According to the public record, 59, Sussex Square, London is a mid-century leasehold apartment with 1,334 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Sussex Square, London, W2 is located in the borough of City of Westminster within the W2 postal district.
59, Sussex Square, London has 2 entries in the Land Registry database, most recently in June 2023 and a single entry in the EPC database dated 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 59 Sussex Square London as £1,786,512 and the rental value as £5,862 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 59 Sussex Square London has increased by £75,430 (4.2%) and its rental value has increased by £380 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 59, Sussex Square, London is in very good condition we estimate a sale value of £1,875,838 and rental value of £6,155 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,661,456 and a rental value of £5,451 per month.
If you were able to purchase this property for the estimated value of £1,786,512, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £8,780 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, 59, Sussex Square, London was last sold on 23 Jun 2023 for £1,800,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2023, the market for similar properties has risen 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Sussex Square, London within a radius of 270 metres over the last 2 years.
The most recent example is 21, Sussex Square, London, W2 2SL, a Leasehold flat which sold for £1,900,000 in Feb 2024.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sussex Square, London, W2 has a total of 82 addresses. According to our analysis of all the public data, 59, Sussex Square, London is the 53rd largest and the 58th most expensive property on the street.
When compared to the postcode district it is £672k more expensive than the average property in W2.
59, Sussex Square, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 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 59, Sussex Square, London is Lancaster Gate station which is 200 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 59, Sussex Square, London, 41.4% of property is privately rented and 33.7% 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 59, Sussex Square, London, 15.9% of residents are recorded as possessing school level qualifications and 63.1% 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 59, Sussex Square, 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 59, Sussex Square, London, 4.5% 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 59, Sussex Square, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.