As updated by Jorgensen Turner in Mar 2024, Flat 2, Oak Tree House, London is a mid-century leasehold apartment with 797 ft2 of internal area comprising 3 bedrooms with a balcony.
There are 88 years remaining on the lease.
The apartment is in Oak Tree House, Shirland Road, London, W9.
Shirland Road, London, W9 is located in the borough of City of Westminster within the W9 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 Oak Tree House London as £437,174 and the rental value as £2,486 per month giving an expected gross yield of 6.8%.
Jorgensen Turner described the decorative condition as fair in Mar 2024.
Over the last 12 months the sale value of Flat 2 Oak Tree House London has decreased by £14,117 (3.2%) and its rental value has decreased by £5 per month (0.2%).
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 2, Oak Tree House, London is in very good condition we estimate a sale value of £459,033 and rental value of £2,610 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £406,572 and a rental value of £2,312 per month.
If you were able to purchase this property for the estimated value of £437,174, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,149 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, Oak Tree House, London was last sold on 21 Apr 2008 for £316,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2008, the market for similar properties has risen 50.6%
According to Jorgensen Turner , Flat 2, Oak Tree House, London was let once since 2021 with the latest being in Sep 2021 for an undisclosed price.
Since Sep 2021, the market values of similar properties has risen 22.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Oak Tree House, London within a radius of 0m over the last 2 years.
The most recent example is Flat 12, Oak Tree House, Shirland Road, London, W9 2EN, a Leasehold flat which sold for £499,950 in Nov 2017.
Read more about house prices in W9.
Our network of Estate Agents report 1 let of a property similar to Flat 2, Oak Tree House, London within a radius of 174m over the last 2 years.
Most recently Flat 49, Southwold Mansions, Widley Road, London, W9 2LF, a Leasehold flat let by Andrea & Co for an undisclosed amount in Dec 2023.
Shirland Road, London, W9 has a total of 1058 addresses. According to our analysis of all the public data, Flat 2, Oak Tree House, London is the 308th largest and the 831st most expensive property on the street.
When compared to the postcode district it is £386k less expensive than the average property in W9.
Flat 2, Oak Tree House, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Aug 2021.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, Oak Tree House, London is Maida Vale station which is 600 m 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, Oak Tree House, London, 32.5% of property is privately rented and 25.6% is privately owned with a mortgage.
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, Oak Tree House, London, 13.5% of residents are recorded as possessing school level qualifications and 61.4% 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, Oak Tree House, London, the average age was 36.5 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 2, Oak Tree House, London, 0.4% 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, Oak Tree House, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.