According to the public record, Flat 5, 7, Inverness Place, London is a period apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 7, Inverness Place, London, W2.
Inverness Place, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 5, 7, Inverness Place, London has no records in the Land Registry database and a single entry in the EPC database dated March 2023.
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 5 7 Inverness Place London as £475,339 and the rental value as £2,099 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 5 7 Inverness Place London has increased by £18,906 (4.0%) and its rental value has increased by £116 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 5, 7, Inverness Place, London is in very good condition we estimate a sale value of £499,105 and rental value of £2,204 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £442,065 and a rental value of £1,952 per month.
If you were able to purchase this property for the estimated value of £475,339, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,336 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 5, 7, Inverness Place, London within a radius of 200 metres over the last 2 years.
The most recent example is Flat 2, 24, Queensborough Terrace, London, W2 3SS, a Leasehold flat which sold for £395,000 in Jan 2021.
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 5, 7, Inverness Place, London within a radius of 200 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 Place, London, W2 has a total of 18 addresses. According to our analysis of all the public data, Flat 5, 7, Inverness Place, London is the 16th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £639k less expensive than the average property in W2.
Flat 5, 7, Inverness Place, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Mar 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat 5, 7, Inverness Place, London is Bayswater station which is 0 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 5, 7, Inverness Place, London, 86.0% of property is privately rented and 6.5% 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 5, 7, Inverness Place, London, 15.3% of residents are recorded as possessing school level qualifications and 72.2% 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, 7, Inverness Place, 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 5, 7, Inverness Place, London, 3.0% 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 5, 7, Inverness Place, 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.