According to the public record, Flat 3, 12, Mecklenburgh Square, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 558 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 12, Mecklenburgh Square, London, WC1.
Mecklenburgh Square, London, WC1 is located in the borough of Camden within the WC1 postal district.
Flat 3, 12, Mecklenburgh Square, London has 31 entries in the Land Registry database, most recently in October 2016 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 3 12 Mecklenburgh Square London as £651,119 and the rental value as £2,697 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 3 12 Mecklenburgh Square London has decreased by £11,453 (1.8%) and its rental value has increased by £67 per month (2.5%).
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, 12, Mecklenburgh Square, London is in very good condition we estimate a sale value of £683,675 and rental value of £2,832 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £605,540 and a rental value of £2,509 per month.
If you were able to purchase this property for the estimated value of £651,119, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,200 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, 12, Mecklenburgh Square, London was last sold on 25 Oct 2016 for £825,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2016, the market for similar properties has dropped 13.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 12, Mecklenburgh Square, London within a radius of 330 metres over the last 2 years.
The most recent example is Flat 8, Coram Mansions 64-68, Millman Street, London, WC1N 3EG, a Leasehold flat which sold for £700,000 in Jun 2022.
Read more about house prices in WC1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mecklenburgh Square, London, WC1 has a total of 102 addresses. According to our analysis of all the public data, Flat 3, 12, Mecklenburgh Square, London is the 67th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in WC1.
The closest station to Flat 3, 12, Mecklenburgh Square, London is Russell Square station which is 500 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, 12, Mecklenburgh Square, London, 47.5% of property is privately rented and 20.0% 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, 12, Mecklenburgh Square, London, 62.9% of residents are recorded as possessing school level qualifications and 79.9% 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, 12, Mecklenburgh Square, London, the average age was 34.2 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, 12, Mecklenburgh Square, London, 3.0% 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, 12, Mecklenburgh Square, 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.