According to the public record, Flat 3, 1, Stanhope Place, London is a period leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1, Stanhope Place, London, W2.
Stanhope Place, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 3, 1, Stanhope Place, London has a single entry in the Land Registry database from September 2019 and a single entry in the EPC database dated April 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 3 1 Stanhope Place London as £917,924 and the rental value as £3,879 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 3 1 Stanhope Place London has increased by £20,959 (2.3%) and its rental value has increased by £237 per month (6.1%).
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 3, 1, Stanhope Place, London is in very good condition we estimate a sale value of £963,820 and rental value of £4,073 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £853,670 and a rental value of £3,607 per month.
If you were able to purchase this property for the estimated value of £917,924, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,511 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 3, 1, Stanhope Place, London was last sold on 13 Sep 2019 for £860,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2019, the market for similar properties has risen 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 1, Stanhope Place, London within a radius of 300 metres over the last 2 years.
The most recent example is Flat 1, 1, Stanhope Place, London, W2 2HB, a Leasehold flat which sold for £1,000,000 in Sep 2022.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stanhope Place, London, W2 has a total of 50 addresses. According to our analysis of all the public data, Flat 3, 1, Stanhope Place, London is the 37th largest and the 41st most expensive property on the street.
When compared to the postcode district it is £196k less expensive than the average property in W2.
Flat 3, 1, Stanhope Place, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Apr 2024.
The property is connected to mains gas and has single glazed windows. It is heated using a community scheme.
The closest station to Flat 3, 1, Stanhope Place, London is Marble Arch 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 3, 1, Stanhope Place, London, 62.5% of property is privately rented and 29.2% 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 3, 1, Stanhope Place, London, 3.9% of residents are recorded as possessing school level qualifications and 72.4% 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 3, 1, Stanhope 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 3, 1, Stanhope Place, London, 3.1% 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 3, 1, Stanhope Place, 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.