According to the public record, Flat B, 24, Redan Place, London is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 24, Redan Place, London, W2.
Redan Place, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat B, 24, Redan Place, London has a single entry in the Land Registry database from May 2021 and a single entry in the EPC database dated June 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 B 24 Redan Place London as £517,287 and the rental value as £2,312 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat B 24 Redan Place London has increased by £22,449 (4.3%) and its rental value has increased by £136 per month (5.9%).
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 B, 24, Redan Place, London is in very good condition we estimate a sale value of £543,152 and rental value of £2,428 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £481,077 and a rental value of £2,150 per month.
If you were able to purchase this property for the estimated value of £517,287, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,542 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 B, 24, Redan Place, London was last sold on 07 May 2021 for £500,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2021, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat B, 24, Redan Place, London within a radius of 190 metres over the last 2 years.
The most recent example is Flat 2, 4, Hatherley Grove, London, W2 5RB, a Leasehold flat which sold for £575,000 in Feb 2023.
Read more about house prices in W2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 190 metres radius of Flat B, 24, Redan Place, London over the last 2 years.
Most recently Flat 121, Arthur Court, Queensway, London, W2 5HP, a Leasehold flat let by Fine Living in Feb 2023.
Redan Place, London, W2 has a total of 47 addresses. According to our analysis of all the public data, Flat B, 24, Redan Place, London is the 40th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £597k less expensive than the average property in W2.
Flat B, 24, Redan Place, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Jun 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to Flat B, 24, Redan Place, London is Bayswater 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 B, 24, Redan Place, London, 86.7% of property is privately rented and 8.3% 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 B, 24, Redan Place, London, 19.3% of residents are recorded as possessing school level qualifications and 78.7% 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 B, 24, Redan Place, London, the average age was 37.5 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 B, 24, Redan Place, 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 B, 24, Redan Place, 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.