According to the public record, Apartment 401, Marshall Building 3, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 688 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Marshall Building, Hermitage Street, London, W2.
Hermitage Street, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Apartment 401, Marshall Building 3, London has 2 entries in the Land Registry database, most recently in July 2013 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Apartment 401 Marshall Building 3 London as £696,289 and the rental value as £3,038 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Apartment 401 Marshall Building 3 London has increased by £21,998 (3.2%) and its rental value has increased by £160 per month (5.3%).
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 401, Marshall Building 3, London is in very good condition we estimate a sale value of £731,104 and rental value of £3,190 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £647,549 and a rental value of £2,825 per month.
If you were able to purchase this property for the estimated value of £696,289, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,422 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 401, Marshall Building 3, London was last sold on 31 Jul 2013 for £650,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2013, the market for similar properties has risen 8.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 401, Marshall Building 3, London within a radius of 310 metres over the last 2 years.
The most recent example is Apartment 410, Munkenbeck Building 5, Hermitage Street, London, W2 1PW, a Leasehold flat which sold for £705,000 in Dec 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hermitage Street, London, W2 has a total of 303 addresses. According to our analysis of all the public data, Apartment 401, Marshall Building 3, London is the 229th largest and the 282nd most expensive property on the street.
When compared to the postcode district it is £418k less expensive than the average property in W2.
The closest station to Apartment 401, Marshall Building 3, London is London Paddington station which is 300 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 401, Marshall Building 3, London, 68.6% of property is privately rented and 18.3% 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 401, Marshall Building 3, London, 26.6% of residents are recorded as possessing school level qualifications and 73.5% 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 401, Marshall Building 3, 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 401, Marshall Building 3, London, 4.3% 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 401, Marshall Building 3, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.