According to the public record, Flat 3, 1B , Silver Place, London is a period leasehold apartment and with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 1B, Silver Place, London, W1.
Silver Place, London, W1 is located in the borough of City of Westminster within the W1 postal district.
Flat 3, 1B , Silver Place, London has 41 entries in the Land Registry database, most recently in March 2008 and 3 entries in the EPC database, most recently in December 2019.
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 1B Silver Place London as £875,772 and the rental value as £3,393 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Flat 3 1B Silver Place London has increased by £630 (0.1%) and its rental value has increased by £224 per month (6.6%).
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, 1B , Silver Place, London is in very good condition we estimate a sale value of £919,561 and rental value of £3,562 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £814,468 and a rental value of £3,155 per month.
If you were able to purchase this property for the estimated value of £875,772, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,304 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, 1B , Silver Place, London was last sold on 28 Mar 2008 for £660,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2008, the market for similar properties has risen 58.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 1B , Silver Place, London within a radius of 209m over the last 2 years.
The most recent example is Flat 1, 4, Meard Street, London, W1F 0EF, a Leasehold flat which sold for £875,000 in Jan 2023.
Read more about house prices in W1.
Silver Place, London, W1 has a total of 11 addresses. According to our analysis of all the public data, Flat 3, 1B , Silver Place, London is the 6th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £1.124m less expensive than the average property in W1.
Flat 3, 1B , Silver Place, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Dec 2019.
The property is connected to mains gas and has full secondary glazing. It is heated using a boiler and radiators.
The closest station to Flat 3, 1B , Silver Place, London is Piccadilly Circus station which is 400 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 3, 1B , Silver Place, London, 66.9% of property is privately rented and 13.2% 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, 1B , Silver Place, London, 30.2% of residents are recorded as possessing school level qualifications and 69.0% 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, 1B , Silver Place, London, the average age was 37.9 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, 1B , Silver Place, London, 3.4% 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 3, 1B , Silver Place, 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.