According to the public record, Flat 23, Forbes House 32-36 , London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 618 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Forbes House, Gloucester Terrace, London, W2.
Gloucester Terrace, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 23, Forbes House 32-36 , London has 31 entries in the Land Registry database, most recently in July 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 23 Forbes House 32-36 London as £724,365 and the rental value as £3,062 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 23 Forbes House 32-36 London has increased by £26,538 (3.7%) and its rental value has increased by £162 per month (5.3%).
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 23, Forbes House 32-36 , London is in very good condition we estimate a sale value of £760,584 and rental value of £3,215 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £673,660 and a rental value of £2,848 per month.
If you were able to purchase this property for the estimated value of £724,365, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,560 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 23, Forbes House 32-36 , London was last sold on 07 Jul 2014 for £535,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jul 2014, the market for similar properties has dropped 6.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 23, Forbes House 32-36 , London within a radius of 200 metres over the last 2 years.
The most recent example is Flat 1, 6, Devonshire Terrace, London, W2 3DN, a Leasehold flat which sold for £695,000 in Jan 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gloucester Terrace, London, W2 has a total of 1259 addresses. According to our analysis of all the public data, Flat 23, Forbes House 32-36 , London is the 589th largest and the 511th most expensive property on the street.
When compared to the postcode district it is £390k less expensive than the average property in W2.
The closest station to Flat 23, Forbes House 32-36 , 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 23, Forbes House 32-36 , London, 65.8% of property is privately rented and 18.4% 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 23, Forbes House 32-36 , London, 18.6% of residents are recorded as possessing school level qualifications and 67.7% 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 23, Forbes House 32-36 , London, the average age was 37.3 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 23, Forbes House 32-36 , London, 3.5% 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 23, Forbes House 32-36 , 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.