According to the public record, 23B , Orsett Terrace, London is a period leasehold apartment with 376 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 23, Orsett Terrace, London, W2.
Orsett Terrace, London, W2 is located in the borough of City of Westminster within the W2 postal district.
23B , Orsett Terrace, London has a single entry in the Land Registry database from May 2022 and a single entry in the EPC database dated April 2022.
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 23B Orsett Terrace London as £517,103 and the rental value as £1,757 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of 23B Orsett Terrace London has increased by £19,865 (3.8%) and its rental value has increased by £98 per month (5.6%).
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 23B , Orsett Terrace, London is in very good condition we estimate a sale value of £542,959 and rental value of £1,845 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £480,906 and a rental value of £1,634 per month.
If you were able to purchase this property for the estimated value of £517,103, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,541 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, 23B , Orsett Terrace, London was last sold on 25 May 2022 for £535,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has risen 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23B , Orsett Terrace, London within a radius of 220 metres over the last 2 years.
The most recent example is 167A , Porchester Terrace North, London, W2 6BJ, a Leasehold flat which sold for £472,000 in Jun 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 220 metres radius of 23B , Orsett Terrace, London over the last 2 years.
Most recently 9A , Porchester Square, London, W2 6AN, a Leasehold flat let by Fine Living in Aug 2023.
Orsett Terrace, London, W2 has a total of 317 addresses. According to our analysis of all the public data, 23B , Orsett Terrace, London is the 253rd largest and the 148th most expensive property on the street.
When compared to the postcode district it is £597k less expensive than the average property in W2.
23B , Orsett Terrace, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 22 Apr 2022.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to 23B , Orsett Terrace, London is Royal Oak 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 23B , Orsett Terrace, London, 52.4% of property is privately rented and 26.9% is socially 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 23B , Orsett Terrace, London, 13.0% of residents are recorded as possessing school level qualifications and 71.8% 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 23B , Orsett Terrace, London, the average age was 38.4 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 23B , Orsett Terrace, London, 9.7% 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 23B , Orsett Terrace, 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.