As updated by Saint Andrews Bureau in May 2023, Apartment 4, Garrett Mansions 287, London is a modern leasehold apartment with 624 ft2 of internal area comprising 1 bedroom with a balcony.
There are 995 years remaining on the lease.
The apartment is in Garrett Mansions, Edgware Road, London, W2.
Edgware Road, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Based on both the data supplied by Saint Andrews Bureau and the public information available in the area, we estimate the current sale value for Apartment 4 Garrett Mansions 287 London as £884,382 and the rental value as £4,698 per month giving an expected gross yield of 6.4%.
Saint Andrews Bureau described the decorative condition as good in May 2023.
Over the last 12 months the sale value of Apartment 4 Garrett Mansions 287 London has increased by £15,357 (1.7%) and its rental value has increased by £221 per month (4.7%).
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 4, Garrett Mansions 287, London is in very good condition we estimate a sale value of £928,601 and rental value of £4,933 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £822,475 and a rental value of £4,369 per month.
If you were able to purchase this property for the estimated value of £884,382, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,346 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 4, Garrett Mansions 287, London was last sold on 19 Aug 2020 for £805,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2020, the market for similar properties has risen 0.3%
According to Saint Andrews Bureau , Apartment 4, Garrett Mansions 287, London was let once since 2021 with the latest being in May 2023 for an undisclosed price.
Since May 2023, the market values of similar properties has risen 5.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 4, Garrett Mansions 287, London within a radius of 56m over the last 2 years.
The most recent example is Apartment 61, Asquith House 1, Segrave Walk, London, W2 1BN, a Leasehold flat which sold for £841,500 in Oct 2022.
Read more about house prices in W2.
Our network of Estate Agents report 2 lets within a 65m radius of Apartment 4, Garrett Mansions 287, 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 for an undisclosed amount in Aug 2023.
Edgware Road, London, W2 has a total of 1491 addresses. According to our analysis of all the public data, Apartment 4, Garrett Mansions 287, London is the 635th largest and the 204th most expensive property on the street.
When compared to the postcode district it is £230k less expensive than the average property in W2.
Apartment 4, Garrett Mansions 287, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Mar 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 4, Garrett Mansions 287, London is Edgware Road 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 4, Garrett Mansions 287, 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 4, Garrett Mansions 287, 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 4, Garrett Mansions 287, 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 4, Garrett Mansions 287, 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 4, Garrett Mansions 287, 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.