According to the public record, Flat 5, 16, Archer Street, London is a period leasehold apartment and with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 16, Archer Street, London, W1.
Archer Street, London, W1 is located in the borough of City of Westminster within the W1 postal district.
Flat 5, 16, Archer Street, 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 5 16 Archer Street London as £978,928 and the rental value as £3,600 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of Flat 5 16 Archer Street London has decreased by £5,624 (0.6%) and its rental value has increased by £211 per month (5.9%).
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 5, 16, Archer Street, London is in very good condition we estimate a sale value of £1,027,874 and rental value of £3,780 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £910,403 and a rental value of £3,348 per month.
If you were able to purchase this property for the estimated value of £978,928, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,811 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 5, 16, Archer Street, London was last sold on 13 Oct 2011 for £750,000 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 30.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 16, Archer Street, London within a radius of 260m over the last 2 years.
The most recent example is Second Floor Flat, 2, Denman Street, London, W1D 7HA, a Leasehold flat which sold for £790,000 in Apr 2017.
Read more about house prices in W1.
Archer Street, London, W1 has a total of 32 addresses. According to our analysis of all the public data, Flat 5, 16, Archer Street, London is the 5th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £1.021m less expensive than the average property in W1.
Flat 5, 16, Archer Street, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Feb 2020.
The property is not connected to mains gas and has single glazed windows. It is heated using Warm air, Electricaire.
The closest station to Flat 5, 16, Archer Street, London is Piccadilly Circus station which is 200 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 5, 16, Archer Street, London, 75.3% of property is privately rented and 12.4% 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 5, 16, Archer Street, London, 10.9% of residents are recorded as possessing school level qualifications and 73.3% 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 5, 16, Archer Street, London, the average age was 37.9 and the most common age was 22.
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 5, 16, Archer Street, London, 4.3% 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 5, 16, Archer Street, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.