According to the public record, Flat 8, Wessex House, Bushey is a period leasehold apartment with 2,195 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in Wessex House, Marlborough Drive, Bushey, WD23.
Marlborough Drive, Bushey, WD23 is located in the borough of Hertsmere within the WD23 postal district.
Flat 8, Wessex House, Bushey has 2 entries in the Land Registry database, most recently in August 2018 and a single entry in the EPC database dated September 2021.
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 8 Wessex House Bushey as £1,127,753 and the rental value as £4,228 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of Flat 8 Wessex House Bushey has increased by £12,594 (1.1%) and its rental value has increased by £274 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 8, Wessex House, Bushey is in very good condition we estimate a sale value of £1,184,141 and rental value of £4,440 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,048,811 and a rental value of £3,932 per month.
If you were able to purchase this property for the estimated value of £1,127,753, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,543 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 8, Wessex House, Bushey was last sold on 30 Aug 2018 for £1,100,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2018, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Wessex House, Bushey within a radius of 820 metres over the last 2 years.
The most recent example is 8 Harvard House, Marlborough Drive, Bushey, WD23 2LN, a Leasehold flat which sold for £690,000 in Apr 2022.
Read more about house prices in WD23.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets within a 820 metres radius of Flat 8, Wessex House, Bushey over the last 2 years.
Most recently 53, Walton Road, Bushey, WD23 2FE, a Leasehold flat let by Imagine in Apr 2021.
Marlborough Drive, Bushey, WD23 has a total of 201 addresses. According to our analysis of all the public data, Flat 8, Wessex House, Bushey is the 14th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £548k more expensive than the average property in WD23.
Flat 8, Wessex House, Bushey has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Sep 2021.
The property is connected to mains gas and has some double glazing. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Flat 8, Wessex House, Bushey is Bushey station which is 1.3 kilometres 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 8, Wessex House, Bushey, 53.4% of property is privately owned with a mortgage and 29.8% 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 8, Wessex House, Bushey, 31.5% of residents are recorded as possessing school level qualifications and 50.5% 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 8, Wessex House, Bushey, the average age was 41 and the most common age was 42.
The graph below shows how this compares to East of England 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 8, Wessex House, Bushey, 0.0% of property was a second home.
Comparison figures for East of England 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 8, Wessex House, Bushey, there are an average of 1.7 cars per household.
See below for how this compares to East of England and the rest of England & Wales.