According to the public record, Flat 55, Devonport 23, London is a mid-century leasehold apartment with 492 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Devonport, Southwick Street, London, W2.
Southwick Street, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 55, Devonport 23, London has 71 entries in the Land Registry database, most recently in April 2019 and a single entry in the EPC database dated October 2010.
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 55 Devonport 23 London as £507,061 and the rental value as £2,218 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of Flat 55 Devonport 23 London has increased by £14,084 (2.8%) and its rental value has increased by £127 per month (5.7%).
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 55, Devonport 23, London is in very good condition we estimate a sale value of £532,414 and rental value of £2,329 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £471,566 and a rental value of £2,062 per month.
If you were able to purchase this property for the estimated value of £507,061, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,492 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 55, Devonport 23, London was last sold on 15 Apr 2019 for £575,000 and was recorded as a leasehold flat.
The property has had 7 sales since 1995.
Since Apr 2019, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 55, Devonport 23, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 108, Devonport 23, Southwick Street, London, W2 2QH, a Leasehold flat which sold for £580,000 in Aug 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southwick Street, London, W2 has a total of 171 addresses. According to our analysis of all the public data, Flat 55, Devonport 23, London is the 146th largest and the 133rd most expensive property on the street.
When compared to the postcode district it is £607k less expensive than the average property in W2.
Flat 55, Devonport 23, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Oct 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 55, Devonport 23, London is Paddington 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 55, Devonport 23, London, 58.5% of property is privately rented and 23.2% 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 55, Devonport 23, London, 20.0% of residents are recorded as possessing school level qualifications and 67.4% 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 55, Devonport 23, London, the average age was 37.1 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 55, Devonport 23, London, 7.3% 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 55, Devonport 23, 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.