According to the public record, Flat 7, Powell House 8, London is a modern leasehold apartment with 1,367 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Powell House, Gloucester Terrace, London, W2.
Gloucester Terrace, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat 7, Powell House 8, London has a single entry in the Land Registry database from April 2021 and a single entry in the EPC database dated May 2019.
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 Powell House 8 London as £1,402,376 and the rental value as £5,424 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of Flat 7 Powell House 8 London has increased by £67,119 (4.8%) and its rental value has increased by £353 per month (6.5%).
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 7, Powell House 8, London is in very good condition we estimate a sale value of £1,472,495 and rental value of £5,695 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,304,210 and a rental value of £5,044 per month.
If you were able to purchase this property for the estimated value of £1,402,376, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £6,892 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, Powell House 8, London was last sold on 23 Apr 2021 for £1,550,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2021, the market for similar properties has risen 4.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 7, Powell House 8, London within a radius of 240 metres over the last 2 years.
The most recent example is Flat 2, 227, Sussex Gardens, London, W2 2RL, a Leasehold flat which sold for £1,150,000 in Jun 2021.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gloucester Terrace, London, W2 has a total of 1259 addresses. According to our analysis of all the public data, Flat 7, Powell House 8, London is the 27th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £288k more expensive than the average property in W2.
Flat 7, Powell House 8, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 May 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 7, Powell House 8, London is Lancaster Gate station which is 200 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 7, Powell House 8, London, 72.0% of property is privately rented and 16.8% 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 7, Powell House 8, London, 31.9% of residents are recorded as possessing school level qualifications and 72.9% 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, Powell House 8, London, the average age was 37.3 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, Powell House 8, London, 4.3% 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 7, Powell House 8, 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.