According to the public record, Basement Flat, 41, Westbourne Terrace, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 986 ft2 of internal area and a garden.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 41, Westbourne Terrace, London, W2.
Westbourne Terrace, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Basement Flat, 41, Westbourne Terrace, London has 41 entries in the Land Registry database, most recently in July 2022 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 Basement Flat 41 Westbourne Terrace London as £933,470 and the rental value as £4,001 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Basement Flat 41 Westbourne Terrace London has increased by £48,702 (5.2%) and its rental value has increased by £278 per month (7.0%).
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 Basement Flat, 41, Westbourne Terrace, London is in very good condition we estimate a sale value of £980,143 and rental value of £4,201 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £868,127 and a rental value of £3,721 per month.
If you were able to purchase this property for the estimated value of £933,470, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,588 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, Basement Flat, 41, Westbourne Terrace, London was last sold on 18 Jul 2022 for £1,310,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2022, the market for similar properties has risen 3.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Basement Flat, 41, Westbourne Terrace, London within a radius of 230 metres over the last 2 years.
The most recent example is Flat 1, 37, Westbourne Terrace, London, W2 3UR, a Leasehold flat which sold for £825,000 in Oct 2020.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Westbourne Terrace, London, W2 has a total of 884 addresses. According to our analysis of all the public data, Basement Flat, 41, Westbourne Terrace, London is the 240th largest and the 330th most expensive property on the street.
When compared to the postcode district it is £181k less expensive than the average property in W2.
The closest station to Basement Flat, 41, Westbourne Terrace, London is Paddington station which is 100 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 Basement Flat, 41, Westbourne Terrace, 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 Basement Flat, 41, Westbourne Terrace, 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 Basement Flat, 41, Westbourne Terrace, London, the average age was 37.3 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 Basement Flat, 41, Westbourne Terrace, 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 Basement Flat, 41, Westbourne 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.