According to the public record, Apartment 3.02, 5, London is a modern leasehold apartment and with 2,486 ft2 of internal area.
Apartments of this size in this area normally have 4 bedrooms.
The apartment is in Stanhope Gate, Stanhope Gate, London, W1.
Stanhope Gate, London, W1 is located in the borough of City of Westminster within the W1 postal district.
Apartment 3.02, 5, London has a single entry in the Land Registry database from October 2020 and a single entry in the EPC database dated June 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 3.02 5 London as £10,307,186 and the rental value as £23,078 per month giving an expected gross yield of 2.7%.
Over the last 12 months the sale value of Apartment 3.02 5 London has decreased by £122,333 (1.2%) and its rental value has increased by £1159 per month (5.0%).
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 3.02, 5, London is in very good condition we estimate a sale value of £10,822,545 and rental value of £24,231 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £9,585,683 and a rental value of £21,462 per month.
If you were able to purchase this property for the estimated value of £10,307,186, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £50,657 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 3.02, 5, London was last sold on 27 Oct 2020 for £11,900,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has dropped 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 3.02, 5, London within a radius of 298m over the last 2 years.
The most recent example is Apartment T.04, 5, Stanhope Gate, London, W1K 1AH, a Leasehold flat which sold for £8,100,000 in Sep 2022.
Read more about house prices in W1.
Stanhope Gate, London, W1 has a total of 40 addresses. According to our analysis of all the public data, Apartment 3.02, 5, London is the 22nd largest and the 6th most expensive property on the street.
When compared to the postcode district it is £8.307m more expensive than the average property in W1.
Apartment 3.02, 5, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Jun 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 3.02, 5, London is Hyde Park Corner station which is 400 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 3.02, 5, London, 50.6% of property is privately rented and 33.3% 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 Apartment 3.02, 5, London, 12.7% of residents are recorded as possessing school level qualifications and 58.8% 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 3.02, 5, 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 Apartment 3.02, 5, London, 4.9% 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 3.02, 5, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.