According to the public record, Flat 2, 2, Norfolk Place, London is a period leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 2, Norfolk Place, London, W2.
Norfolk Place, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 2, 2, Norfolk Place, London has 41 entries in the Land Registry database, most recently in January 2016 and a single entry in the EPC database dated June 2024.
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 2 2 Norfolk Place London as £506,714 and the rental value as £2,230 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 2 2 Norfolk Place London has increased by £11,933 (2.4%) and its rental value has increased by £108 per month (4.8%).
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 2, 2, Norfolk Place, London is in very good condition we estimate a sale value of £532,049 and rental value of £2,342 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £471,244 and a rental value of £2,074 per month.
If you were able to purchase this property for the estimated value of £506,714, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,490 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 2, 2, Norfolk Place, London was last sold on 26 Jan 2016 for £545,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jan 2016, the market for similar properties has dropped 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 2, Norfolk Place, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 2, 43-48, St. Michaels Street, London, W2 1QP, a Leasehold flat which sold for £490,000 in Mar 2022.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norfolk Place, London, W2 has a total of 48 addresses. According to our analysis of all the public data, Flat 2, 2, Norfolk Place, London is the 29th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £608k less expensive than the average property in W2.
Flat 2, 2, Norfolk Place, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jun 2024.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, 2, Norfolk Place, London is Paddington 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 2, 2, Norfolk Place, London, 43.4% of property is socially rented and 37.7% is privately 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 2, 2, Norfolk Place, London, 13.4% of residents are recorded as possessing school level qualifications and 45.2% 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 2, 2, Norfolk Place, London, the average age was 37.1 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 2, 2, Norfolk Place, London, 1.6% 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 2, 2, Norfolk Place, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.