According to the public record, Flat 196, The Colonnades 34, London is a mid-century leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in The Colonnades, Porchester Square, London, W2.
Porchester Square, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 196, The Colonnades 34, London has a single entry in the Land Registry database from March 2017 and a single entry in the EPC database dated November 2018.
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 196 The Colonnades 34 London as £456,489 and the rental value as £1,999 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 196 The Colonnades 34 London has increased by £12,424 (2.7%) and its rental value has increased by £89 per month (4.4%).
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 196, The Colonnades 34, London is in very good condition we estimate a sale value of £479,313 and rental value of £2,099 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £424,534 and a rental value of £1,859 per month.
If you were able to purchase this property for the estimated value of £456,489, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,244 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 196, The Colonnades 34, London was last sold on 06 Mar 2017 for £590,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2017, the market for similar properties has dropped 4.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 196, The Colonnades 34, London within a radius of 200 metres over the last 2 years.
The most recent example is Flat 160, The Colonnades 34, Porchester Square, London, W2 6AR, a Leasehold flat which sold for £570,000 in Apr 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 2 lets of properties similar to Flat 196, The Colonnades 34, London within a radius of 200 metres over the last 2 years.
Most recently 9A , Porchester Square, London, W2 6AN, a Leasehold flat let by Fine Living in Aug 2023.
Porchester Square, London, W2 has a total of 386 addresses. According to our analysis of all the public data, Flat 196, The Colonnades 34, London is the 339th largest and the 347th most expensive property on the street.
When compared to the postcode district it is £658k less expensive than the average property in W2.
Flat 196, The Colonnades 34, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Nov 2018.
The property is connected to mains gas and has full secondary glazing. It is heated using Room heaters, electric.
The closest station to Flat 196, The Colonnades 34, London is Royal Oak station which is 200 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 196, The Colonnades 34, London, 64.4% of property is privately rented and 20.2% 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 196, The Colonnades 34, London, 19.9% of residents are recorded as possessing school level qualifications and 71.9% 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 196, The Colonnades 34, 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 196, The Colonnades 34, London, 1.5% 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 196, The Colonnades 34, 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.