As updated by Your Home Managed in Jul 2022, Flat 14, 44, Inverness Terrace, London is a period 87 year lease apartment with 409 ft2 of internal area comprising 1 bedroom with a balcony.
There are 87 years remaining on the lease.
The apartment is in 44, Inverness Terrace, London, W2.
Inverness Terrace, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Based on both the data supplied by Your Home Managed and the public information available in the area, we estimate the current sale value for Flat 14 44 Inverness Terrace London as £508,723 and the rental value as £2,083 per month giving an expected gross yield of 4.9%.
Your Home Managed described the decorative condition as fair in Jul 2022.
Over the last 12 months the sale value of Flat 14 44 Inverness Terrace London has increased by £15,913 (3.1%) and its rental value has increased by £99 per month (4.7%).
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 14, 44, Inverness Terrace, London is in very good condition we estimate a sale value of £534,159 and rental value of £2,187 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £473,112 and a rental value of £1,937 per month.
If you were able to purchase this property for the estimated value of £508,723, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,500 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 14, 44, Inverness Terrace, London was last sold on 30 Jun 2006 for £265,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
According to Your Home Managed , Flat 14, 44, Inverness Terrace, London was let once since 2021 with the latest being in Jul 2022 for an undisclosed price.
Since Jul 2022, the market values of similar properties has risen 15.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 14, 44, Inverness Terrace, London within a radius of 210 metres over the last 2 years.
The most recent example is Flat 71, 3-8, Porchester Gate, London, W2 3HT, a Leasehold flat which sold for £398,000 in May 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 of a property similar to Flat 14, 44, Inverness Terrace, London within a radius of 210 metres over the last 2 years.
Most recently Flat 6, 46, Inverness Terrace, London, W2 3JA, a Leasehold flat let by Jorgensen Turner in Jun 2024.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Inverness Terrace, London, W2 has a total of 717 addresses. According to our analysis of all the public data, Flat 14, 44, Inverness Terrace, London is the 411th largest and the 319th most expensive property on the street.
When compared to the postcode district it is £606k less expensive than the average property in W2.
Flat 14, 44, Inverness Terrace, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Feb 2009.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 14, 44, Inverness Terrace, London is Bayswater 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 Flat 14, 44, Inverness Terrace, London, 67.8% of property is privately rented and 11.7% is socially 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 14, 44, Inverness Terrace, London, 15.5% of residents are recorded as possessing school level qualifications and 61.8% 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 14, 44, Inverness Terrace, London, the average age was 37.5 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 14, 44, Inverness Terrace, London, 1.9% 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 14, 44, Inverness Terrace, 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.