According to the public record, Flat 4, 48, Lancaster Gate, London is a period apartment with 226 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 48, Lancaster Gate, London, W2.
Lancaster Gate, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 4, 48, Lancaster Gate, London has no records in the Land Registry database and a single entry in the EPC database dated November 2020.
We combine this information with public data 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 4 48 Lancaster Gate London as £304,107 and the rental value as £1,211 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 4 48 Lancaster Gate London has increased by £12,083 (4.0%) and its rental value has increased by £68 per month (5.6%).
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 4, 48, Lancaster Gate, London is in very good condition we estimate a sale value of £319,312 and rental value of £1,271 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £282,819 and a rental value of £1,126 per month.
If you were able to purchase this property for the estimated value of £304,107, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,495 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 48, Lancaster Gate, London within a radius of 240 metres over the last 2 years.
The most recent example is Flat 7, 4, Craven Hill, London, W2 3DS, a Leasehold flat which sold for £270,000 in Aug 2021.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Gate, London, W2 has a total of 516 addresses. According to our analysis of all the public data, Flat 4, 48, Lancaster Gate, London is the 501st largest and the 500th most expensive property on the street.
When compared to the postcode district it is £810k less expensive than the average property in W2.
Flat 4, 48, Lancaster Gate, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Nov 2020.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to Flat 4, 48, Lancaster Gate, London is Lancaster Gate station which is 400 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 4, 48, Lancaster Gate, London, 73.5% of property is privately rented and 12.9% 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 4, 48, Lancaster Gate, London, 17.9% of residents are recorded as possessing school level qualifications and 77.1% 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 4, 48, Lancaster Gate, London, the average age was 37.3 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 4, 48, Lancaster Gate, London, 4.6% 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 4, 48, Lancaster Gate, 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.