As updated by Jorgensen Turner in Sep 2022, Flat 3, Mill House 1, London is a modern 115 year lease apartment with 1,066 ft2 of internal area comprising 2 bedrooms with a roof terrace.
There are 115 years remaining on the lease.
The apartment is in Mill House, Millers Way, London, W6.
Millers Way, London, W6 is located in the borough of Hammersmith and Fulham within the W6 postal district.
Based on both the data supplied by Jorgensen Turner and the public information available in the area, we estimate the current sale value for Flat 3 Mill House 1 London as £829,610 and the rental value as £3,574 per month giving an expected gross yield of 5.2%.
Jorgensen Turner described the decorative condition as fair in Sep 2022.
Over the last 12 months the sale value of Flat 3 Mill House 1 London has increased by £10,388 (1.3%) and its rental value has increased by £123 per month (3.4%).
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, Mill House 1, London is in very good condition we estimate a sale value of £871,090 and rental value of £3,752 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £771,537 and a rental value of £3,323 per month.
If you were able to purchase this property for the estimated value of £829,610, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,077 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, Mill House 1, London was last sold on 19 Jul 2013 for £737,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2013, the market for similar properties has risen 14.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Mill House 1, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 6, Mill House 1, Millers Way, London, W6 7NH, a Leasehold flat which sold for £865,000 in Mar 2023.
Read more about house prices in W6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let of a property similar to Flat 3, Mill House 1, London within a radius of 260 metres over the last 2 years.
Most recently Flat 5, Lanark Mansions, Pennard Road, London, W12 8DN, a Leasehold flat let by Jorgensen Turner in Jul 2023.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millers Way, London, W6 has a total of 10 addresses. According to our analysis of all the public data, Flat 3, Mill House 1, London is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £13k less expensive than the average property in W6.
Flat 3, Mill House 1, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Jun 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, Mill House 1, London is Goldhawk Road 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, Mill House 1, London, 70.5% of property is privately rented and 12.6% is privately owned with a mortgage.
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, Mill House 1, London, 18.0% of residents are recorded as possessing school level qualifications and 60.0% 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, Mill House 1, 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, Mill House 1, London, 1.7% 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, Mill House 1, 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.