According to the public record, Flat 34, Sussex Lodge, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 1,343 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Sussex Lodge, Sussex Place, London, W2.
Sussex Place, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 34, Sussex Lodge, London has 41 entries in the Land Registry database, most recently in February 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 34 Sussex Lodge London as £1,789,887 and the rental value as £6,039 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of Flat 34 Sussex Lodge London has increased by £57,805 (3.2%) and its rental value has increased by £330 per month (5.5%).
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 34, Sussex Lodge, London is in very good condition we estimate a sale value of £1,879,381 and rental value of £6,340 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,664,595 and a rental value of £5,616 per month.
If you were able to purchase this property for the estimated value of £1,789,887, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £8,797 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 34, Sussex Lodge, London was last sold on 25 Feb 2008 for £1,650,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2008, the market for similar properties has risen 56.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 34, Sussex Lodge, London within a radius of 300 metres over the last 2 years.
The most recent example is 14, Sussex Square, London, W2 2SL, a Leasehold flat which sold for £1,050,000 in Aug 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sussex Place, London, W2 has a total of 108 addresses. According to our analysis of all the public data, Flat 34, Sussex Lodge, London is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £676k more expensive than the average property in W2.
The closest station to Flat 34, Sussex Lodge, London is Paddington 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 34, Sussex Lodge, London, 46.6% of property is privately rented and 31.0% 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 34, Sussex Lodge, London, 27.5% of residents are recorded as possessing school level qualifications and 61.5% 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 34, Sussex Lodge, London, the average age was 37.1 and the most common age was 22.
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 34, Sussex Lodge, London, 10.7% 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 34, Sussex Lodge, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.