According to the public record, Flat 1, Minehead House 25, London is a period leasehold apartment with 344 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
The apartment is in Minehead House, Hanson Street, London, W1.
Hanson Street, London, W1 is located in the borough of City of Westminster within the W1 postal district.
Flat 1, Minehead House 25, London has 2 entries in the Land Registry database, most recently in August 2016 and a single entry in the EPC database dated September 2015.
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 Flat 1 Minehead House 25 London as £517,245 and the rental value as £1,803 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of Flat 1 Minehead House 25 London has decreased by £3,132 (0.6%) and its rental value has increased by £104 per month (5.8%).
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, Minehead House 25, London is in very good condition we estimate a sale value of £543,108 and rental value of £1,893 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £481,038 and a rental value of £1,677 per month.
If you were able to purchase this property for the estimated value of £517,245, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,542 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, Flat 1, Minehead House 25, London was last sold on 12 Aug 2016 for £440,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2016, the market for similar properties has dropped 8.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Minehead House 25, London within a radius of 180 metres over the last 2 years.
The most recent example is Flat 8, Minehead House 25, Hanson Street, London, W1W 6TP, a Leasehold flat which sold for £414,000 in Jun 2019.
Read more about house prices in W1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hanson Street, London, W1 has a total of 202 addresses. According to our analysis of all the public data, Flat 1, Minehead House 25, London is the 148th largest and the 147th most expensive property on the street.
When compared to the postcode district it is £1.483m less expensive than the average property in W1.
Flat 1, Minehead House 25, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Sep 2015.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 1, Minehead House 25, London is Goodge Street 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 Flat 1, Minehead House 25, London, 58.9% of property is socially rented and 29.5% is privately 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 Flat 1, Minehead House 25, London, 13.9% of residents are recorded as possessing school level qualifications and 50.2% 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, Minehead House 25, 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 Flat 1, Minehead House 25, London, 1.2% 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, Minehead House 25, 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.