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By comparing it to neighbours, we estimate that it is a period house with 1,815 ft2 of internal area and sits on a 118 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 38, Spring Street is £2,266,489 and the estimated rental value is £10,365 per month.
Spring Street, London, W2 is located in the borough of City of Westminster within the W2 postal district.
38, Spring Street has a single entry in the Land Registry from October 2011 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.
The local information is scored as 4 out of 5 and is considered of high accuracy.
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 38, Spring Street is in very good condition we estimate a sale value of £2,379,813 and a rental value of £10,883 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £2,107,834 and a rental value of £9,639 per month.
Over the last 12 months the sale value of 38 Spring Street has decreased by an estimated £61,049 (2.7%) and its rental value has increased by an estimated £373 per month (3.6%), giving an expected gross yield of 5.5%.
According to data from HM Land Registry, 38, Spring Street sits on a plot of 118m2.
We have plot size data on 2 out of 5 other houses in the postcode and 38, Spring Street sits on the 2nd largest plot.
According to HM Land Registry, 38, Spring Street was last sold on 6th October 2011 for £1,500,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2011, the market for similar properties has risen 43.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Spring Street within a radius of 250 metres over the last 2 years.
The most recent example is 57, Bathurst Mews, London, W2 2SB, a freehold house which sold for £2,750,000 on the 15th December 2021.
Read more about house prices in W2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spring Street, London, W2 has a total of 121 addresses. According to our analysis of all the public data, 38, Spring Street is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £1.195m more expensive than the average property in W2.
The nearest school is St James & St John Church of England Primary School which is 400 metres away. The nearest train station is Paddington which is 100 metres away.
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