According to the public record, Flat 1, Redwood House, Wembley is a modern leasehold apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Redwood House, Engineers Way, Wembley, HA9.
Engineers Way, Wembley, HA9 is located in the borough of Brent within the HA9 postal district.
Flat 1, Redwood House, Wembley has 2 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated May 2016.
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 Redwood House Wembley as £451,767 and the rental value as £2,455 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 1 Redwood House Wembley has decreased by £20,313 (4.5%) and its rental value has increased by £5 per month (0.2%).
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, Redwood House, Wembley is in very good condition we estimate a sale value of £474,356 and rental value of £2,578 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £420,144 and a rental value of £2,283 per month.
If you were able to purchase this property for the estimated value of £451,767, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,220 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, Redwood House, Wembley was last sold on 12 Jan 2022 for £505,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2022, the market for similar properties has dropped 5.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Redwood House, Wembley within a radius of 190 metres over the last 2 years.
The most recent example is Flat 10, Maple House , Empire Way, Wembley, HA9 0FY, a Leasehold flat which sold for £530,000 in Aug 2023.
Read more about house prices in HA9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Engineers Way, Wembley, HA9 has a total of 874 addresses. According to our analysis of all the public data, Flat 1, Redwood House, Wembley is the 76th largest and the 80th most expensive property on the street.
When compared to the postcode district it is £17k less expensive than the average property in HA9.
Flat 1, Redwood House, Wembley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 May 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 1, Redwood House, Wembley is Wembley Stadium station which is 500 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, Redwood House, Wembley, 48.9% of property is privately rented and 29.8% 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, Redwood House, Wembley, 19.5% of residents are recorded as possessing school level qualifications and 29.4% 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, Redwood House, Wembley, the average age was 36.8 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 Flat 1, Redwood House, Wembley, 0.6% 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, Redwood House, Wembley, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.