According to the public record, Apartment 5, Munkenbeck Building 5, London is a modern leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Munkenbeck Building, Hermitage Street, London, W2.
Hermitage Street, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Apartment 5, Munkenbeck Building 5, London has 2 entries in the Land Registry database, most recently in January 2011 and a single entry in the EPC database dated August 2023.
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 reasonable condition, we estimate the current sale value for Apartment 5 Munkenbeck Building 5 London as £723,303 and the rental value as £3,107 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Apartment 5 Munkenbeck Building 5 London has increased by £22,851 (3.2%) and its rental value has increased by £163 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 5, Munkenbeck Building 5, London is in very good condition we estimate a sale value of £759,468 and rental value of £3,262 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £672,672 and a rental value of £2,889 per month.
If you were able to purchase this property for the estimated value of £723,303, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,555 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 5, Munkenbeck Building 5, London was last sold on 12 Jan 2011 for £401,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2011, the market for similar properties has risen 33.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 5, Munkenbeck Building 5, London within a radius of 310 metres over the last 2 years.
The most recent example is Apartment 101, 6, Hermitage Street, London, W2 1BE, a Leasehold flat which sold for £670,000 in Jun 2024.
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 5, Munkenbeck Building 5, London is the 250th largest and the 272nd most expensive property on the street.
When compared to the postcode district it is £391k less expensive than the average property in W2.
Apartment 5, Munkenbeck Building 5, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Aug 2023.
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 5, Munkenbeck Building 5, 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 5, Munkenbeck Building 5, 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 5, Munkenbeck Building 5, 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 5, Munkenbeck Building 5, 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 5, Munkenbeck Building 5, 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 5, Munkenbeck Building 5, 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.