According to the public record, Flat A, 16, Stanhope Place, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 429 ft2 of internal area and a garden.
Apartments of this size in this area normally have 1 bedroom.
Stanhope Place, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat A, 16, Stanhope Place, London has 2 entries in the Land Registry database, most recently in September 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat A 16 Stanhope Place London as £628,468 and the rental value as £2,063 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of Flat A 16 Stanhope Place London has increased by £14,369 (2.3%) and its rental value has increased by £126 per month (6.1%).
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 A, 16, Stanhope Place, London is in very good condition we estimate a sale value of £659,891 and rental value of £2,167 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £584,475 and a rental value of £1,919 per month.
If you were able to purchase this property for the estimated value of £628,468, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,089 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 A, 16, Stanhope Place, London was last sold on 01 Sep 2015 for £350,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2015, the market for similar properties has dropped 8.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat A, 16, Stanhope Place, London within a radius of 290 metres over the last 2 years.
The most recent example is 53, Archery Steps, London, W2 2YF, a Leasehold flat which sold for £850,000 in Jun 2022.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stanhope Place, London, W2 has a total of 50 addresses. According to our analysis of all the public data, Flat A, 16, Stanhope Place, London is the 50th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £486k less expensive than the average property in W2.
The closest station to Flat A, 16, Stanhope Place, London is Marble Arch station which is 300 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 A, 16, Stanhope Place, London, 58.5% of property is privately rented and 22.0% 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 A, 16, Stanhope Place, London, 22.7% of residents are recorded as possessing school level qualifications and 63.5% 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 A, 16, Stanhope Place, London, the average age was 37.1 and the most common age was 22.
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 A, 16, Stanhope Place, London, 7.7% 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 A, 16, Stanhope Place, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.