According to the public record, 8, Wheatley Street, London is a period leasehold apartment and with 1,108 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Wheatley Street, London, W1 is located in the borough of City of Westminster within the W1 postal district.
8, Wheatley Street, London has a single entry in the Land Registry database from February 2022 and a single entry in the EPC database dated May 2019.
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 8 Wheatley Street London as £2,184,682 and the rental value as £6,942 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 8 Wheatley Street London has increased by £3,869 (0.2%) and its rental value has increased by £461 per month (6.6%).
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 8, Wheatley Street, London is in very good condition we estimate a sale value of £2,293,916 and rental value of £7,290 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £2,031,754 and a rental value of £6,456 per month.
If you were able to purchase this property for the estimated value of £2,184,682, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £10,737 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, 8, Wheatley Street, London was last sold on 21 Feb 2022 for £2,175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2022, the market for similar properties has dropped 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Wheatley Street, London within a radius of 76m over the last 2 years.
The most recent example is Flat 6, New Cavendish Court 39, New Cavendish Street, London, W1G 9TN, a Leasehold flat which sold for £2,500,000 in Sep 2023.
Read more about house prices in W1.
Wheatley Street, London, W1 has a total of 14 addresses. According to our analysis of all the public data, 8, Wheatley Street, London is the 9th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £185k more expensive than the average property in W1.
8, Wheatley Street, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 May 2019.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 8, Wheatley Street, London is Regent's Park 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 8, Wheatley Street, London, 50.7% of property is privately rented and 34.3% 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 8, Wheatley Street, London, 13.3% of residents are recorded as possessing school level qualifications and 78.4% 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 8, Wheatley Street, London, the average age was 41 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 8, Wheatley Street, London, 8.8% 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 8, Wheatley Street, 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.