According to the public record, Flat 7, 2, Wellesley Terrace, London is a modern leasehold apartment and with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 2, Wellesley Terrace, London, N1.
Wellesley Terrace, London, N1 is located in the borough of Hackney within the N1 postal district.
Flat 7, 2, Wellesley Terrace, London has a single entry in the Land Registry database from February 2019 and a single entry in the EPC database dated March 2013.
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 7 2 Wellesley Terrace London as £633,476 and the rental value as £2,547 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Flat 7 2 Wellesley Terrace London has decreased by £1,730 (0.3%) and its rental value has increased by £159 per month (6.2%).
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 7, 2, Wellesley Terrace, London is in very good condition we estimate a sale value of £665,150 and rental value of £2,674 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £589,132 and a rental value of £2,369 per month.
If you were able to purchase this property for the estimated value of £633,476, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,113 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 7, 2, Wellesley Terrace, London was last sold on 01 Feb 2019 for £279,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2019, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, 2, Wellesley Terrace, London within a radius of 121m over the last 2 years.
The most recent example is Flat 14, 2, Wellesley Terrace, London, N1 7NA, a Leasehold flat which sold for £605,000 in Jul 2024.
Read more about house prices in N1.
Our network of Estate Agents report 1 let within a 204m radius of Flat 7, 2, Wellesley Terrace, London over the last 2 years.
Most recently Flat 03.12, Makers Building 1, Jasper Walk, London, N1 7GZ, a Leasehold flat let by London Property Management for an undisclosed amount in Mar 2021.
Wellesley Terrace, London, N1 has a total of 29 addresses. According to our analysis of all the public data, Flat 7, 2, Wellesley Terrace, London is the 22nd largest and the 19th most expensive property on the street.
When compared to the postcode district it is £103k less expensive than the average property in N1.
Flat 7, 2, Wellesley Terrace, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Mar 2013.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 7, 2, Wellesley Terrace, London is Old Street station which is 400 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 7, 2, Wellesley Terrace, London, 43.3% of property is socially rented and 32.1% is privately 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 7, 2, Wellesley Terrace, London, 19.0% of residents are recorded as possessing school level qualifications and 57.7% 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 7, 2, Wellesley Terrace, London, the average age was 34.3 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 7, 2, Wellesley Terrace, London, 0.7% 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 7, 2, Wellesley Terrace, 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.