According to the public record, 55B, Ossington Street, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 364 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 55, Ossington Street, London, W2.
Ossington Street, London, W2 is located in the borough of Kensington and Chelsea within the W2 postal district.
55B, Ossington Street, London has 21 entries in the Land Registry database, most recently in October 2014 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 55B Ossington Street London as £580,743 and the rental value as £1,679 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 55B Ossington Street London has increased by £18,473 (3.2%) and its rental value has increased by £75 per month (4.5%).
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 55B, Ossington Street, London is in very good condition we estimate a sale value of £609,780 and rental value of £1,763 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £540,091 and a rental value of £1,562 per month.
If you were able to purchase this property for the estimated value of £580,743, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,854 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, 55B, Ossington Street, London was last sold on 08 Oct 2014 for £155,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2014, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55B, Ossington Street, London within a radius of 210 metres over the last 2 years.
The most recent example is Flat 7, 53, Linden Gardens, London, W2 4HQ, a Leasehold flat which sold for £497,000 in Apr 2024.
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 1 let within a 210 metres radius of 55B, Ossington Street, London over the last 2 years.
Most recently Flat 5, 28, Palace Court, London, W2 4HZ, a flat let by Fine Living in Apr 2021.
Ossington Street, London, W2 has a total of 77 addresses. According to our analysis of all the public data, 55B, Ossington Street, London is the 61st largest and the 59th most expensive property on the street.
When compared to the postcode district it is £534k less expensive than the average property in W2.
The closest station to 55B, Ossington Street, London is Notting Hill Gate station which is 400 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 55B, Ossington Street, London, 74.3% of property is privately rented and 11.5% 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 55B, Ossington Street, London, 8.3% of residents are recorded as possessing school level qualifications and 67.3% 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 55B, Ossington Street, London, the average age was 40.3 and the most common age was 32.
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 55B, Ossington Street, London, 3.5% 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 55B, Ossington Street, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.