According to the public record, Third Floor Flat, 29, Elgin Crescent, London is a period leasehold apartment with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 29, Elgin Crescent, London, W11.
Elgin Crescent, London, W11 is located in the borough of Kensington and Chelsea within the W11 postal district.
Third Floor Flat, 29, Elgin Crescent, London has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated April 2012.
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 Third Floor Flat 29 Elgin Crescent London as £970,474 and the rental value as £2,971 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of Third Floor Flat 29 Elgin Crescent London has increased by £33,167 (3.4%) and its rental value has increased by £150 per month (5.0%).
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 Third Floor Flat, 29, Elgin Crescent, London is in very good condition we estimate a sale value of £1,018,998 and rental value of £3,120 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £902,541 and a rental value of £2,763 per month.
If you were able to purchase this property for the estimated value of £970,474, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,770 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, Third Floor Flat, 29, Elgin Crescent, London was last sold on 03 Mar 2021 for £875,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 7.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Third Floor Flat, 29, Elgin Crescent, London within a radius of 240 metres over the last 2 years.
The most recent example is 27B , Elgin Crescent, London, W11 2JD, a Leasehold flat which sold for £985,000 in Dec 2020.
Read more about house prices in W11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elgin Crescent, London, W11 has a total of 336 addresses. According to our analysis of all the public data, Third Floor Flat, 29, Elgin Crescent, London is the 245th largest and the 264th most expensive property on the street.
When compared to the postcode district it is £618k less expensive than the average property in W11.
Third Floor Flat, 29, Elgin Crescent, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Apr 2012.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to Third Floor Flat, 29, Elgin Crescent, London is Ladbroke Grove station which is 400 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 Third Floor Flat, 29, Elgin Crescent, London, 45.9% of property is privately rented and 32.9% 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 Third Floor Flat, 29, Elgin Crescent, London, 15.3% of residents are recorded as possessing school level qualifications and 77.3% 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 Third Floor Flat, 29, Elgin Crescent, London, the average age was 41.1 and the most common age was 32.
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 Third Floor Flat, 29, Elgin Crescent, London, 6.5% 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 Third Floor Flat, 29, Elgin Crescent, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.