According to the public record, Flat, 3, Formosa Street, London is a period leasehold apartment with 301 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a garden.
Formosa Street, London, W9 is located in the borough of City of Westminster within the W9 postal district.
Flat, 3, Formosa Street, London has 81 entries in the Land Registry database, most recently in March 2024 and a single entry in the EPC database dated May 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 Formosa Street London as £446,455 and the rental value as £1,617 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of Flat 3 Formosa Street London has increased by £7,015 (1.6%) and its rental value has increased by £73 per month (4.5%).
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, Formosa Street, London is in very good condition we estimate a sale value of £468,778 and rental value of £1,698 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £415,203 and a rental value of £1,504 per month.
If you were able to purchase this property for the estimated value of £446,455, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,194 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, Formosa Street, London was last sold on 01 Mar 2024 for £450,000 and was recorded as a leasehold flat.
The property has had 8 sales since 1995.
Since Mar 2024, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat, 3, Formosa Street, London within a radius of 250 metres over the last 2 years.
The most recent example is Flat 6, 123, Sutherland Avenue, London, W9 2QJ, a Leasehold flat which sold for £432,900 in Feb 2018.
Read more about house prices in W9.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 250 metres radius of Flat, 3, Formosa Street, London over the last 2 years.
Most recently 16, Pindock Mews, London, W9 2PY, a Freehold house let by Euan Williams - eXp in Aug 2024.
Formosa Street, London, W9 has a total of 99 addresses. According to our analysis of all the public data, Flat, 3, Formosa Street, London is the 97th largest and the 96th most expensive property on the street.
When compared to the postcode district it is £377k less expensive than the average property in W9.
Flat, 3, Formosa Street, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 May 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat, 3, Formosa Street, London is Warwick Avenue station which is 200 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, Formosa Street, London, 43.6% of property is privately rented and 30.7% 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, Formosa Street, London, 13.2% of residents are recorded as possessing school level qualifications and 80.5% 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, Formosa Street, London, the average age was 39.6 and the most common age was 32.
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, Formosa Street, London, 5.0% 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, Formosa Street, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.