According to the public record, Flat 15, Somerston House 24, London is a modern leasehold apartment with 791 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Somerston House, St. Pancras Way, London, NW1.
St. Pancras Way, London, NW1 is located in the borough of Camden within the NW1 postal district.
Flat 15, Somerston House 24, London has a single entry in the Land Registry database from November 2017 and a single entry in the EPC database dated July 2009.
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 15 Somerston House 24 London as £311,274 and the rental value as £1,686 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 15 Somerston House 24 London has decreased by £4,719 (1.5%) and its rental value has increased by £99 per month (5.9%).
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 15, Somerston House 24, London is in very good condition we estimate a sale value of £326,837 and rental value of £1,770 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £289,485 and a rental value of £1,568 per month.
If you were able to purchase this property for the estimated value of £311,274, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,530 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 15, Somerston House 24, London was last sold on 27 Nov 2017 for £665,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2017, the market for similar properties has dropped 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 15, Somerston House 24, London within a radius of 270 metres over the last 2 years.
The most recent example is Flat 14, Somerston House 24, St. Pancras Way, London, NW1 0NY, a Leasehold flat which sold for £335,000 in May 2019.
Read more about house prices in NW1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 270 metres radius of Flat 15, Somerston House 24, London over the last 2 years.
Most recently 56, Bruges Place, London, NW1 0TL, a Leasehold flat let by London Property Management in Apr 2022.
St. Pancras Way, London, NW1 has a total of 1165 addresses. According to our analysis of all the public data, Flat 15, Somerston House 24, London is the 240th largest and the 1063rd most expensive property on the street.
When compared to the postcode district it is £515k less expensive than the average property in NW1.
Flat 15, Somerston House 24, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Jul 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 15, Somerston House 24, London is Camden Road 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 15, Somerston House 24, London, 33.3% of property is shared ownership and 28.8% 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 15, Somerston House 24, London, 20.8% of residents are recorded as possessing school level qualifications and 67.8% 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 15, Somerston House 24, London, the average age was 34.1 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 15, Somerston House 24, London, 0.0% 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 15, Somerston House 24, 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.