According to the public record, Flat 4, 85, Inverness Terrace, London is a period leasehold apartment with 473 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 85, Inverness Terrace, London, W2.
Inverness Terrace, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 4, 85, Inverness Terrace, London has a single entry in the Land Registry database from October 2011 and a single entry in the EPC database dated February 2020.
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 4 85 Inverness Terrace London as £523,549 and the rental value as £2,297 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 4 85 Inverness Terrace London has increased by £20,594 (3.9%) and its rental value has increased by £127 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 4, 85, Inverness Terrace, London is in very good condition we estimate a sale value of £549,726 and rental value of £2,412 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £486,901 and a rental value of £2,136 per month.
If you were able to purchase this property for the estimated value of £523,549, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,573 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 4, 85, Inverness Terrace, London was last sold on 28 Oct 2011 for £499,950 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2011, the market for similar properties has risen 28.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 85, Inverness Terrace, London within a radius of 220 metres over the last 2 years.
The most recent example is 16 Riven Court, Inverness Terrace, London, W2 6JA, a Leasehold flat which sold for £535,000 in Jun 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let of a property similar to Flat 4, 85, Inverness Terrace, London within a radius of 220 metres over the last 2 years.
Most recently Flat 14, 44, Inverness Terrace, London, W2 3JA, a Leasehold flat let by Your Home Managed in Jul 2022.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Inverness Terrace, London, W2 has a total of 717 addresses. According to our analysis of all the public data, Flat 4, 85, Inverness Terrace, London is the 333rd largest and the 311th most expensive property on the street.
When compared to the postcode district it is £591k less expensive than the average property in W2.
Flat 4, 85, Inverness Terrace, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Feb 2020.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 4, 85, Inverness Terrace, London is Bayswater station which is 100 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, 85, Inverness Terrace, London, 79.2% of property is privately rented and 13.5% 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, 85, Inverness Terrace, London, 14.8% of residents are recorded as possessing school level qualifications and 80.0% 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, 85, Inverness Terrace, London, the average age was 37.5 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, 85, Inverness Terrace, London, 0.6% 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, 85, Inverness Terrace, London, there are an average of 0.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.