According to the public record, Flat 18, Melbourne House 50, London is a mid-century leasehold apartment with 1,001 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Melbourne House, Kensington Place, London, W8.
Kensington Place, London, W8 is located in the borough of Kensington and Chelsea within the W8 postal district.
Flat 18, Melbourne House 50, London has a single entry in the Land Registry database from June 2021 and a single entry in the EPC database dated March 2021.
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 18 Melbourne House 50 London as £1,327,398 and the rental value as £5,206 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Flat 18 Melbourne House 50 London has increased by £45,491 (3.4%) and its rental value has increased by £218 per month (4.2%).
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 18, Melbourne House 50, London is in very good condition we estimate a sale value of £1,393,768 and rental value of £5,467 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,234,480 and a rental value of £4,842 per month.
If you were able to purchase this property for the estimated value of £1,327,398, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,524 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 18, Melbourne House 50, London was last sold on 30 Jun 2021 for £1,150,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 4.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Melbourne House 50, London within a radius of 300 metres over the last 2 years.
The most recent example is Flat 15, Melbourne House 50, Kensington Place, London, W8 7PW, a Leasehold flat which sold for £1,230,000 in Dec 2023.
Read more about house prices in W8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kensington Place, London, W8 has a total of 146 addresses. According to our analysis of all the public data, Flat 18, Melbourne House 50, London is the 72nd largest and the 67th most expensive property on the street.
When compared to the postcode district it is £1.333m less expensive than the average property in W8.
Flat 18, Melbourne House 50, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Mar 2021.
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 18, Melbourne House 50, London is Notting Hill Gate 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 18, Melbourne House 50, London, 46.7% of property is privately rented and 30.0% 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 18, Melbourne House 50, London, 26.4% of residents are recorded as possessing school level qualifications and 62.8% 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 18, Melbourne House 50, London, the average age was 40.1 and the most common age was 47.
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 18, Melbourne House 50, London, 9.8% 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 18, Melbourne House 50, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.