As updated by Fine Living in Oct 2022, 21A , Porchester Square, London is a period 85 year lease apartment with 497 ft2 of internal area comprising 1 bedroom with a garden.
There are 85 years remaining on the lease.
The apartment is in 21, Porchester Square, London, W2.
Porchester Square, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Based on both the data supplied by Fine Living and the public information available in the area, we estimate the current sale value for 21A Porchester Square London as £517,686 and the rental value as £2,178 per month giving an expected gross yield of 5%.
Fine Living described the decorative condition as fair in Oct 2022.
Over the last 12 months the sale value of 21A Porchester Square London has increased by £21,108 (4.1%) and its rental value has increased by £127 per month (5.8%).
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 21A , Porchester Square, London is in very good condition we estimate a sale value of £543,570 and rental value of £2,286 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £481,448 and a rental value of £2,025 per month.
If you were able to purchase this property for the estimated value of £517,686, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,544 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, 21A , Porchester Square, London was last sold on 14 Dec 2001 for £221,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
According to Fine Living , 21A , Porchester Square, London was let once since 2021 with the latest being in Oct 2022 for an undisclosed price.
Since Oct 2022, the market values of similar properties has risen 12%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 21A , Porchester Square, London within a radius of 230 metres over the last 2 years.
The most recent example is 220C , Gloucester Terrace, London, W2 6HU, a Leasehold flat which sold for £475,000 in May 2024.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let of a property similar to 21A , Porchester Square, London within a radius of 230 metres over the last 2 years.
Most recently 9A , Porchester Square, London, W2 6AN, a Leasehold flat let by Fine Living in Aug 2023.
Porchester Square, London, W2 has a total of 386 addresses. According to our analysis of all the public data, 21A , Porchester Square, London is the 305th largest and the 296th most expensive property on the street.
When compared to the postcode district it is £597k less expensive than the average property in W2.
21A , Porchester Square, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jun 2016.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 21A , Porchester Square, London is Royal Oak 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 21A , Porchester Square, London, 46.2% of property is privately rented and 22.0% 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 21A , Porchester Square, London, 16.0% of residents are recorded as possessing school level qualifications and 75.2% 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 21A , Porchester Square, London, the average age was 38.4 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 21A , Porchester Square, London, 0.7% 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 21A , Porchester Square, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.