According to the public record, Flat 3, 29-31 , Craven Road, London is a period leasehold apartment with 990 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 29-31, Craven Road, London, W2.
Craven Road, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 3, 29-31 , Craven Road, London has 41 entries in the Land Registry database, most recently in January 2021 and a single entry in the EPC database dated February 2016.
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 29-31 Craven Road London as £1,021,307 and the rental value as £4,306 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 3 29-31 Craven Road London has increased by £50,453 (4.9%) and its rental value has increased by £283 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, 29-31 , Craven Road, London is in very good condition we estimate a sale value of £1,072,373 and rental value of £4,521 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £949,816 and a rental value of £4,005 per month.
If you were able to purchase this property for the estimated value of £1,021,307, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,019 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, 29-31 , Craven Road, London was last sold on 15 Jan 2021 for £995,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jan 2021, the market for similar properties has risen 6.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 29-31 , Craven Road, London within a radius of 200 metres over the last 2 years.
The most recent example is Flat 5, 54, Queens Gardens, London, W2 3AF, a Leasehold flat which sold for £1,080,000 in Jan 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Craven Road, London, W2 has a total of 94 addresses. According to our analysis of all the public data, Flat 3, 29-31 , Craven Road, London is the 5th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £93k less expensive than the average property in W2.
Flat 3, 29-31 , Craven Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Feb 2016.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, 29-31 , Craven Road, London is Lancaster Gate 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, 29-31 , Craven Road, London, 65.8% of property is privately rented and 18.5% 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, 29-31 , Craven Road, London, 14.0% of residents are recorded as possessing school level qualifications and 73.8% 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, 29-31 , Craven Road, 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 3, 29-31 , Craven Road, London, 3.8% 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, 29-31 , Craven Road, 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.