According to the public record, Flat 39, 51, Packington Street, London is a modern leasehold apartment and with 710 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 51, Packington Street, London, N1.
Packington Street, London, N1 is located in the borough of Islington within the N1 postal district.
Flat 39, 51, Packington Street, London has 2 entries in the Land Registry database, most recently in May 2020 and a single entry in the EPC database dated August 2012.
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 39 51 Packington Street London as £588,883 and the rental value as £2,826 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 39 51 Packington Street London has decreased by £5,656 (1.0%) and its rental value has increased by £178 per month (6.3%).
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 39, 51, Packington Street, London is in very good condition we estimate a sale value of £618,327 and rental value of £2,967 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £547,661 and a rental value of £2,628 per month.
If you were able to purchase this property for the estimated value of £588,883, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,894 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 39, 51, Packington Street, London was last sold on 11 May 2020 for £655,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2020, the market for similar properties has dropped 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 39, 51, Packington Street, London within a radius of 83m over the last 2 years.
The most recent example is Flat 7, 10, Prebend Street, London, N1 8PT, a Leasehold flat which sold for £662,500 in Nov 2023.
Read more about house prices in N1.
Our network of Estate Agents report 1 let of a property similar to Flat 39, 51, Packington Street, London within a radius of 248m over the last 2 years.
Most recently Flat 5, Montanaro Court 24, Coleman Fields, London, N1 7AD, a Leasehold flat let by Fine Living for an undisclosed amount in Nov 2020.
Packington Street, London, N1 has a total of 196 addresses. According to our analysis of all the public data, Flat 39, 51, Packington Street, London is the 81st largest and the 92nd most expensive property on the street.
When compared to the postcode district it is £148k less expensive than the average property in N1.
Flat 39, 51, Packington Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Aug 2012.
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 39, 51, Packington Street, London is Essex Road station which is 500 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 39, 51, Packington Street, London, 54.3% of property is privately rented and 23.8% is socially rented.
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 39, 51, Packington Street, London, 18.1% of residents are recorded as possessing school level qualifications and 67.6% 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 39, 51, Packington Street, London, the average age was 36 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 39, 51, Packington Street, London, 1.0% 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 39, 51, Packington Street, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.