As updated by London Property Management in Jun 2022, Flat 60, Burghley House 18, London is a modern leasehold apartment with 1,119 ft2 of internal area comprising 2 bedrooms with a balcony and roof terrace.
There are 998 years remaining on the lease.
The apartment is in Burghley House, Royal Engineers Way, London, NW7.
Royal Engineers Way, London, NW7 is located in the borough of Barnet within the NW7 postal district.
Based on both the data supplied by London Property Management and the public information available in the area, we estimate the current sale value for Flat 60 Burghley House 18 London as £705,714 and the rental value as £2,722 per month giving an expected gross yield of 4.6%.
London Property Management described the decorative condition as good in Jun 2022.
Over the last 12 months the sale value of Flat 60 Burghley House 18 London has decreased by £6,056 (0.9%) and its rental value has increased by £82 per month (3.0%).
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 60, Burghley House 18, London is in very good condition we estimate a sale value of £741,000 and rental value of £2,858 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £656,314 and a rental value of £2,531 per month.
If you were able to purchase this property for the estimated value of £705,714, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,468 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 60, Burghley House 18, London was last sold on 18 Mar 2022 for £870,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2022, the market for similar properties has dropped 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 60, Burghley House 18, London within a radius of 235m over the last 2 years.
The most recent example is Flat 12, Caledonian Building 5, Regiment Hill, London, NW7 1FS, a Leasehold flat which sold for £590,000 in Nov 2022.
Read more about house prices in NW7.
Our network of Estate Agents report 1 let within a 83m radius of Flat 60, Burghley House 18, London over the last 2 years.
Most recently Flat 21, Wrest House 27, Inglis Way, London, NW7 1TP, a Leasehold flat let by London Property Management for an undisclosed amount in Jul 2022.
Royal Engineers Way, London, NW7 has a total of 322 addresses. According to our analysis of all the public data, Flat 60, Burghley House 18, London is the 39th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £25k less expensive than the average property in NW7.
Flat 60, Burghley House 18, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 May 2019.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 60, Burghley House 18, London is Mill Hill East station which is 300 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 60, Burghley House 18, London, 55.0% of property is privately rented and 24.4% is privately owned with a mortgage.
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 60, Burghley House 18, London, 23.8% of residents are recorded as possessing school level qualifications and 40.5% 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 60, Burghley House 18, London, the average age was 37.8 and the most common age was 37.
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 60, Burghley House 18, London, 0.0% 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 60, Burghley House 18, London, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.