According to the public record, Flat 2, 61, St. Martin's Lane, London is a modern leasehold apartment with 1,862 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 61, St. Martin's Lane, London, WC2.
St. Martin's Lane, London, WC2 is located in the borough of City of Westminster within the WC2 postal district.
Flat 2, 61, St. Martin's Lane, London has 2 entries in the Land Registry database, most recently in September 2014 and a single entry in the EPC database dated June 2014.
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 61 St. Martin's Lane London as £5,010,604 and the rental value as £13,909 per month giving an expected gross yield of 3.3%.
Over the last 12 months the sale value of Flat 2 61 St. Martin's Lane London has increased by £172,947 (3.5%) and its rental value has increased by £1407 per month (10.1%).
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, 61, St. Martin's Lane, London is in very good condition we estimate a sale value of £5,261,134 and rental value of £14,605 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £4,659,862 and a rental value of £12,936 per month.
If you were able to purchase this property for the estimated value of £5,010,604, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £24,626 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, 61, St. Martin's Lane, London was last sold on 09 Sep 2014 for £5,865,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2014, the market for similar properties has dropped 6.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 61, St. Martin's Lane, London within a radius of 300 metres over the last 2 years.
The most recent example is Unit 105, 25, Floral Street, London, WC2E 9DS, a Leasehold flat which sold for £4,437,500 in Sep 2019.
Read more about house prices in WC2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
St. Martin's Lane, London, WC2 has a total of 103 addresses. According to our analysis of all the public data, Flat 2, 61, St. Martin's Lane, London is the 8th largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £3.777m more expensive than the average property in WC2.
Flat 2, 61, St. Martin's Lane, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jun 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Flat 2, 61, St. Martin's Lane, London is Leicester Square station which is 100 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, 61, St. Martin's Lane, London, 79.7% of property is privately rented and 10.9% 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 2, 61, St. Martin's Lane, London, 19.9% of residents are recorded as possessing school level qualifications and 66.7% 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, 61, St. Martin's Lane, London, the average age was 39.5 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, 61, St. Martin's Lane, London, 2.2% 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, 61, St. Martin's Lane, 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.