According to the public record, Flat 3, The Westbourne 1, London is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in The Westbourne, Artesian Road, London, W2.
Artesian Road, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 3, The Westbourne 1, London has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated October 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 The Westbourne 1 London as £642,210 and the rental value as £2,621 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Flat 3 The Westbourne 1 London has increased by £13,818 (2.2%) and its rental value has increased by £102 per month (3.9%).
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, The Westbourne 1, London is in very good condition we estimate a sale value of £674,321 and rental value of £2,752 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £597,256 and a rental value of £2,437 per month.
If you were able to purchase this property for the estimated value of £642,210, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,156 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, The Westbourne 1, London was last sold on 01 Jun 2022 for £645,000 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 risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, The Westbourne 1, London within a radius of 230 metres over the last 2 years.
The most recent example is Flat 24, The Westbourne 1, Artesian Road, London, W2 5DL, a Leasehold flat which sold for £735,000 in Jul 2016.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Artesian Road, London, W2 has a total of 154 addresses. According to our analysis of all the public data, Flat 3, The Westbourne 1, London is the 135th largest and the 141st most expensive property on the street.
When compared to the postcode district it is £472k less expensive than the average property in W2.
Flat 3, The Westbourne 1, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Oct 2019.
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, The Westbourne 1, London is Royal Oak station which is 600 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, The Westbourne 1, London, 41.1% of property is privately rented and 29.8% 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, The Westbourne 1, London, 24.8% of residents are recorded as possessing school level qualifications and 63.8% 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, The Westbourne 1, London, the average age was 38.4 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, The Westbourne 1, London, 4.9% 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, The Westbourne 1, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.