According to the public record, Apartment 6, Verge Apartments 24, London is a modern leasehold apartment and with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Verge Apartments, Dering Street, London, W1.
Dering Street, London, W1 is located in the borough of City of Westminster within the W1 postal district.
Apartment 6, Verge Apartments 24, London has 2 entries in the Land Registry database, most recently in April 2019 and 2 entries in the EPC database, most recently in April 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 good condition, we estimate the current sale value for Apartment 6 Verge Apartments 24 London as £1,329,810 and the rental value as £4,690 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of Apartment 6 Verge Apartments 24 London has decreased by £7,640 (0.6%) and its rental value has increased by £275 per month (5.9%).
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 6, Verge Apartments 24, London is in very good condition we estimate a sale value of £1,396,301 and rental value of £4,925 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,236,723 and a rental value of £4,362 per month.
If you were able to purchase this property for the estimated value of £1,329,810, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,536 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 6, Verge Apartments 24, London was last sold on 25 Apr 2019 for £1,120,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2019, the market for similar properties has dropped 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 6, Verge Apartments 24, London within a radius of 246m over the last 2 years.
The most recent example is Flat 1.1, 11-13, Pollen Street, London, W1S 1NH, a Leasehold flat which sold for £1,270,000 in Oct 2022.
Read more about house prices in W1.
Dering Street, London, W1 has a total of 15 addresses. According to our analysis of all the public data, Apartment 6, Verge Apartments 24, London is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £670k less expensive than the average property in W1.
Apartment 6, Verge Apartments 24, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 12 Apr 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, warm air, electric.
The closest station to Apartment 6, Verge Apartments 24, London is Bond Street (Elizabeth line) 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 6, Verge Apartments 24, London, 65.1% of property is privately rented and 20.9% 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 6, Verge Apartments 24, London, 16.5% of residents are recorded as possessing school level qualifications and 72.4% 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 6, Verge Apartments 24, London, the average age was 37.9 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 6, Verge Apartments 24, London, 3.0% 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 6, Verge Apartments 24, 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.