According to the public record, Apartment 12, Verge Apartments 24, London is a modern leasehold apartment and with 1,550 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a roof terrace.
The apartment is in Verge Apartments, Dering Street, London, W1.
Dering Street, London, W1 is located in the borough of City of Westminster within the W1 postal district.
Apartment 12, Verge Apartments 24, London has a single entry in the Land Registry database from July 2022 and 2 entries in the EPC database, most recently in July 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 good condition, we estimate the current sale value for Apartment 12 Verge Apartments 24 London as £3,680,899 and the rental value as £9,518 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of Apartment 12 Verge Apartments 24 London has decreased by £30,732 (0.8%) and its rental value has increased by £531 per month (5.6%).
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 12, Verge Apartments 24, London is in very good condition we estimate a sale value of £3,864,944 and rental value of £9,994 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £3,423,236 and a rental value of £8,852 per month.
If you were able to purchase this property for the estimated value of £3,680,899, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £18,090 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 12, Verge Apartments 24, London was last sold on 15 Jul 2022 for £3,900,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has dropped 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 12, Verge Apartments 24, London within a radius of 407m over the last 2 years.
The most recent example is Apartment 11, 3, Picton Place, London, W1U 1BH, a Leasehold flat which sold for £3,680,000 in Oct 2018.
Read more about house prices in W1.
Dering Street, London, W1 has a total of 15 addresses. According to our analysis of all the public data, Apartment 12, Verge Apartments 24, London is the 5th largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £1.681m more expensive than the average property in W1.
Apartment 12, Verge Apartments 24, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Jul 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Apartment 12, Verge Apartments 24, London is Bond Street (Elizabeth line) station which is 200 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 Apartment 12, Verge Apartments 24, London, 65.1% of property is privately rented and 20.9% 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 Apartment 12, Verge Apartments 24, London, 16.5% of residents are recorded as possessing school level qualifications and 72.4% 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 Apartment 12, Verge Apartments 24, London, the average age was 37.9 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 12, Verge Apartments 24, London, 3.0% 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 12, Verge Apartments 24, 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.