According to the public record, Apartment 103, 4, Merchant Square East, London is a modern leasehold apartment with 1,216 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 4, Merchant Square East, London, W2.
Merchant Square East, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Apartment 103, 4, Merchant Square East, London has a single entry in the Land Registry database from December 2010 and a single entry in the EPC database dated May 2021.
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 Apartment 103 4 Merchant Square East London as £1,343,146 and the rental value as £7,305 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Apartment 103 4 Merchant Square East London has increased by £60,198 (4.5%) and its rental value has increased by £482 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 Apartment 103, 4, Merchant Square East, London is in very good condition we estimate a sale value of £1,410,303 and rental value of £7,670 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,249,126 and a rental value of £6,793 per month.
If you were able to purchase this property for the estimated value of £1,343,146, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,601 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, Apartment 103, 4, Merchant Square East, London was last sold on 06 Dec 2010 for £715,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2010, the market for similar properties has risen 32.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 103, 4, Merchant Square East, London within a radius of 220 metres over the last 2 years.
The most recent example is 313, Westcliffe Apartments 1, South Wharf Road, London, W2 1JB, a Leasehold flat which sold for £970,000 in Jan 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 2 lets within a 220 metres radius of Apartment 103, 4, Merchant Square East, London over the last 2 years.
Most recently Apartment 910, Westmark Tower 1, Newcastle Place, London, W2 1EF, a Leasehold flat let by Saint Andrews Bureau in Aug 2023.
Merchant Square East, London, W2 has a total of 154 addresses. According to our analysis of all the public data, Apartment 103, 4, Merchant Square East, London is the 16th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £229k more expensive than the average property in W2.
Apartment 103, 4, Merchant Square East, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 May 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Apartment 103, 4, Merchant Square East, London is Edgware Road station which is 100 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 Apartment 103, 4, Merchant Square East, London, 46.4% of property is privately rented and 16.1% is shared ownership.
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 Apartment 103, 4, Merchant Square East, London, 25.2% of residents are recorded as possessing school level qualifications and 65.6% 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 Apartment 103, 4, Merchant Square East, 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 Apartment 103, 4, Merchant Square East, London, 4.4% 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 Apartment 103, 4, Merchant Square East, 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.