According to the public record, Flat 48, 3-8, Porchester Gate, London is a early-century leasehold apartment with 1,840 ft2 of internal area.
Apartments of this size in this area normally have 4 bedrooms with a balcony.
The apartment is in 3-8, Porchester Gate, London, W2.
Porchester Gate, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 48, 3-8, Porchester Gate, London has a single entry in the Land Registry database from November 2010 and a single entry in the EPC database dated October 2015.
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 48 3-8 Porchester Gate London as £1,604,081 and the rental value as £6,613 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of Flat 48 3-8 Porchester Gate London has increased by £58,006 (3.6%) and its rental value has increased by £342 per month (5.2%).
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 48, 3-8, Porchester Gate, London is in very good condition we estimate a sale value of £1,684,285 and rental value of £6,944 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,491,796 and a rental value of £6,150 per month.
If you were able to purchase this property for the estimated value of £1,604,081, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £7,884 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 48, 3-8, Porchester Gate, London was last sold on 17 Nov 2010 for £1,600,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2010, the market for similar properties has risen 35.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 48, 3-8, Porchester Gate, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 24, Queens Court, Queensway, London, W2 4QN, a Leasehold flat which sold for £1,780,000 in May 2013.
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 2 lets within a 280 metres radius of Flat 48, 3-8, Porchester Gate, London over the last 2 years.
Most recently Flat 6, 46, Inverness Terrace, London, W2 3JA, a Leasehold flat let by Jorgensen Turner in Jun 2024.
Porchester Gate, London, W2 has a total of 100 addresses. According to our analysis of all the public data, Flat 48, 3-8, Porchester Gate, London is the 7th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £490k more expensive than the average property in W2.
Flat 48, 3-8, Porchester Gate, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Oct 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 48, 3-8, Porchester Gate, London is Queensway 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 48, 3-8, Porchester Gate, London, 66.7% of property is privately rented and 20.4% 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 48, 3-8, Porchester Gate, London, 17.5% of residents are recorded as possessing school level qualifications and 71.5% 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 48, 3-8, Porchester Gate, 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 48, 3-8, Porchester Gate, London, 1.9% 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 48, 3-8, Porchester Gate, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.