According to the public record, Flat 6, 7, Hermes Street, London is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 7, Hermes Street, London, N1.
Hermes Street, London, N1 is located in the borough of Islington within the N1 postal district.
Flat 6, 7, Hermes Street, London has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated November 2018.
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 6 7 Hermes Street London as £581,028 and the rental value as £2,559 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 6 7 Hermes Street London has decreased by £346 (0.1%) and its rental value has increased by £160 per month (6.3%).
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 6, 7, Hermes Street, London is in very good condition we estimate a sale value of £610,080 and rental value of £2,687 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £540,356 and a rental value of £2,380 per month.
If you were able to purchase this property for the estimated value of £581,028, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,856 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 6, 7, Hermes Street, London was last sold on 19 Mar 2021 for £650,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 0.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 6, 7, Hermes Street, London within a radius of 270 metres over the last 2 years.
The most recent example is 14, Hill House Apartments 124, Pentonville Road, London, N1 9FH, a Leasehold flat which sold for £587,500 in Nov 2023.
Read more about house prices in N1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets of properties similar to Flat 6, 7, Hermes Street, London within a radius of 270 metres over the last 2 years.
Most recently Flat 19, Eyre Court 146, Pentonville Road, London, N1 9FT, a Leasehold flat let by Saint Andrews Bureau in Aug 2023.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hermes Street, London, N1 has a total of 7 addresses. According to our analysis of all the public data, Flat 6, 7, Hermes Street, London is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £155k less expensive than the average property in N1.
Flat 6, 7, Hermes Street, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Nov 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to Flat 6, 7, Hermes Street, London is Angel station which is 500 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 6, 7, Hermes Street, London, 61.2% of property is privately rented and 14.9% is socially rented.
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 6, 7, Hermes Street, London, 10.6% of residents are recorded as possessing school level qualifications and 74.3% 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 6, 7, Hermes Street, London, the average age was 36.9 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 6, 7, Hermes Street, 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 6, 7, Hermes Street, 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.