As updated by London Property Management in Dec 2021, Flat 35, Burghley House 18, London is a modern leasehold apartment with 1,206 ft2 of internal area comprising 2 bedrooms with a balcony.
There are 996 years remaining on the lease.
The apartment is in Burghley House, Royal Engineers Way, London, NW7.
Royal Engineers Way, London, NW7 is located in the borough of Barnet within the NW7 postal district.
Based on both the data supplied by London Property Management and the public information available in the area, we estimate the current sale value for Flat 35 Burghley House 18 London as £716,905 and the rental value as £2,765 per month giving an expected gross yield of 4.6%.
London Property Management described the decorative condition as good in Dec 2021.
Over the last 12 months the sale value of Flat 35 Burghley House 18 London has decreased by £6,152 (0.9%) and its rental value has increased by £83 per month (3.0%).
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 35, Burghley House 18, London is in very good condition we estimate a sale value of £752,750 and rental value of £2,903 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £666,722 and a rental value of £2,572 per month.
If you were able to purchase this property for the estimated value of £716,905, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,523 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 35, Burghley House 18, London was last sold on 11 Jun 2021 for £702,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 35, Burghley House 18, London within a radius of 0m over the last 2 years.
The most recent example is Flat 32, Burghley House 18, Royal Engineers Way, London, NW7 1RY, a Leasehold flat which sold for £720,000 in Feb 2022.
Read more about house prices in NW7.
Our network of Estate Agents report 1 let within a 83m radius of Flat 35, Burghley House 18, London over the last 2 years.
Most recently Flat 21, Wrest House 27, Inglis Way, London, NW7 1TP, a Leasehold flat let by London Property Management for an undisclosed amount in Jul 2022.
Royal Engineers Way, London, NW7 has a total of 322 addresses. According to our analysis of all the public data, Flat 35, Burghley House 18, London is the 34th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £14k less expensive than the average property in NW7.
Flat 35, Burghley House 18, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Mar 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 35, Burghley House 18, London is Mill Hill East station which is 300 m 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 35, Burghley House 18, London, 55.0% of property is privately rented and 24.4% 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 35, Burghley House 18, London, 23.8% of residents are recorded as possessing school level qualifications and 40.5% 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 35, Burghley House 18, London, the average age was 37.8 and the most common age was 37.
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 35, Burghley House 18, London, 0.0% 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 35, Burghley House 18, London, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.