According to the public record, Apartment 1706, Westmark Tower 1, London is a modern leasehold apartment and with 979 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Westmark Tower, Newcastle Place, London, W2.
Newcastle Place, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Apartment 1706, Westmark Tower 1, London has a single entry in the Land Registry database from April 2021 and 2 entries in the EPC database, most recently in August 2020.
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 1706 Westmark Tower 1 London as £1,670,286 and the rental value as £5,980 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of Apartment 1706 Westmark Tower 1 London has increased by £42,562 (2.5%) and its rental value has increased by £332 per month (5.5%).
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 Apartment 1706, Westmark Tower 1, London is in very good condition we estimate a sale value of £1,753,800 and rental value of £6,279 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,553,366 and a rental value of £5,561 per month.
If you were able to purchase this property for the estimated value of £1,670,286, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £8,209 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 1706, Westmark Tower 1, London was last sold on 09 Apr 2021 for £1,575,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 3.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 1706, Westmark Tower 1, London within a radius of 0m over the last 2 years.
The most recent example is Apartment 2503, Westmark Tower 1, Newcastle Place, London, W2 1BW, a Leasehold flat which sold for £1,850,000 in Jun 2024.
Read more about house prices in W2.
Our network of Estate Agents report 1 let of a property similar to Apartment 1706, Westmark Tower 1, London within a radius of 0m over the last 2 years.
Most recently Apartment 2206, Westmark Tower 1, Newcastle Place, London, W2 1BW, a Leasehold flat let by Saint Andrews Bureau for an undisclosed amount in Jun 2023.
Newcastle Place, London, W2 has a total of 297 addresses. According to our analysis of all the public data, Apartment 1706, Westmark Tower 1, London is the 69th largest and the 82nd most expensive property on the street.
When compared to the postcode district it is £556k more expensive than the average property in W2.
Apartment 1706, Westmark Tower 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 31 Aug 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Apartment 1706, Westmark Tower 1, London is Edgware Road station which is 100 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 1706, Westmark Tower 1, London, 67.4% of property is socially rented and 22.3% is privately rented.
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 1706, Westmark Tower 1, London, 26.3% of residents are recorded as possessing school level qualifications and 34.5% 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 1706, Westmark Tower 1, London, the average age was 37 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 1706, Westmark Tower 1, London, 0.2% 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 1706, Westmark Tower 1, 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.