According to the public record, Flat 3, 7, Hermes Street, London is a modern leasehold apartment with 807 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, Hermes Street, London, N1.
Hermes Street, London, N1 is located in the borough of Islington within the N1 postal district.
Flat 3, 7, Hermes Street, London has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated November 2018.
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 7 Hermes Street London as £670,082 and the rental value as £2,880 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Flat 3 7 Hermes Street London has decreased by £399 (0.1%) and its rental value has increased by £180 per month (6.3%).
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 3, 7, Hermes Street, London is in very good condition we estimate a sale value of £703,586 and rental value of £3,024 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £623,176 and a rental value of £2,678 per month.
If you were able to purchase this property for the estimated value of £670,082, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,293 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, 7, Hermes Street, London was last sold on 17 Jun 2022 for £710,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has dropped 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 7, Hermes Street, London within a radius of 270 metres over the last 2 years.
The most recent example is 14, Hill House Apartments 124, Pentonville Road, London, N1 9FH, a Leasehold flat which sold for £587,500 in Nov 2023.
Read more about house prices in N1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets within a 270 metres radius of Flat 3, 7, Hermes Street, London over the last 2 years.
Most recently Flat 27, Fitzgerald Court 2B, Rodney Street, London, N1 9FS, a Leasehold flat let by Saint Andrews Bureau in Sep 2023.
Hermes Street, London, N1 has a total of 7 addresses. According to our analysis of all the public data, Flat 3, 7, Hermes Street, London is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in N1.
Flat 3, 7, Hermes Street, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 Nov 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Flat 3, 7, Hermes Street, London is Angel 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, 7, Hermes Street, London, 61.2% of property is privately rented and 14.9% is socially rented.
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, 7, Hermes Street, London, 10.6% of residents are recorded as possessing school level qualifications and 74.3% 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, 7, Hermes Street, London, the average age was 36.9 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, 7, Hermes Street, London, 0.6% 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, 7, Hermes Street, 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.