According to the public record, Flat 1, 61, Praed Street, London is a period apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in 61, Praed Street, London, W2.
Praed Street, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 1, 61, Praed Street, London has no records in the Land Registry database and a single entry in the EPC database dated April 2019.
We combine this information with public data 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 Flat 1 61 Praed Street London as £743,813 and the rental value as £2,601 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of Flat 1 61 Praed Street London has increased by £20,735 (2.8%) and its rental value has increased by £137 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 Flat 1, 61, Praed Street, London is in very good condition we estimate a sale value of £781,003 and rental value of £2,731 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £691,746 and a rental value of £2,419 per month.
If you were able to purchase this property for the estimated value of £743,813, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,656 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 61, Praed Street, London within a radius of 240 metres over the last 2 years.
The most recent example is Flat 210, Peninsula Apartments 4, Praed Street, London, W2 1JE, a Leasehold flat which sold for £545,000 in Aug 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 1 let within a 240 metres radius of Flat 1, 61, Praed Street, London over the last 2 years.
Most recently Flat 50, Cambridge Court, Sussex Gardens, London, W2 1EX, a Leasehold flat let by Saint Andrews Bureau in Nov 2022.
Praed Street, London, W2 has a total of 503 addresses. According to our analysis of all the public data, Flat 1, 61, Praed Street, London is the 323rd largest and the 264th most expensive property on the street.
When compared to the postcode district it is £370k less expensive than the average property in W2.
Flat 1, 61, Praed Street, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Apr 2019.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to Flat 1, 61, Praed Street, London is Edgware Road 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 Flat 1, 61, Praed Street, London, 71.8% of property is privately rented and 12.4% 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 Flat 1, 61, Praed Street, London, 19.9% of residents are recorded as possessing school level qualifications and 74.9% 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 Flat 1, 61, Praed Street, 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 Flat 1, 61, Praed Street, London, 4.0% 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 Flat 1, 61, Praed Street, 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.