As updated by Jorgensen Turner in Jun 2024, Flat 2, 31, Spencer Road, London is a period leasehold studio apartment with a share of the freehold and with 358 ft2 of internal area .
The apartment is in 31, Spencer Road, London, W3.
Spencer Road, London, W3 is located in the borough of Ealing within the W3 postal district.
Based on both the data supplied by Jorgensen Turner and the public information available in the area, we estimate the current sale value for Flat 2 31 Spencer Road London as £281,636 and the rental value as £1,383 per month giving an expected gross yield of 5.9%.
Jorgensen Turner described the decorative condition as fair in Jun 2024.
Over the last 12 months the sale value of Flat 2 31 Spencer Road London has increased by £3,911 (1.4%) and its rental value has increased by £74 per month (5.4%).
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 2, 31, Spencer Road, London is in very good condition we estimate a sale value of £295,718 and rental value of £1,452 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £261,922 and a rental value of £1,286 per month.
If you were able to purchase this property for the estimated value of £281,636, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,384 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, 31, Spencer Road, London was last sold on 19 Jul 2001 for £84,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to Jorgensen Turner , Flat 2, 31, Spencer Road, London was let 2 times since 2021 with the latest being in Jun 2024 for an undisclosed price.
Since Jun 2024, the market values of similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 31, Spencer Road, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 2, 11, Newburgh Road, London, W3 6DQ, a Leasehold flat which sold for £335,000 in Mar 2023.
Read more about house prices in W3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 280 metres radius of Flat 2, 31, Spencer Road, London over the last 2 years.
Most recently Flat 1, 30, Alfred Road, London, W3 6LH, a Leasehold flat let by Leslie & Co in Aug 2023.
Spencer Road, London, W3 has a total of 95 addresses. According to our analysis of all the public data, Flat 2, 31, Spencer Road, London is the 81st largest and the 93rd most expensive property on the street.
When compared to the postcode district it is £278k less expensive than the average property in W3.
Flat 2, 31, Spencer Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Jun 2019.
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, 31, Spencer Road, London is Acton Central 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, 31, Spencer Road, London, 28.4% of property is privately owned with a mortgage and 26.1% 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 2, 31, Spencer Road, London, 19.7% of residents are recorded as possessing school level qualifications and 56.2% 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, 31, Spencer Road, London, the average age was 36.4 and the most common age was 32.
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, 31, Spencer Road, London, 0.6% 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, 31, Spencer Road, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.