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Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Rede Place is £1,154,037 and the estimated rental value is £5,694 per month.
Rede Place, London, W2 is located in the borough of City of Westminster within the W2 postal district.
7, Rede Place has no records in the the Land Registry and a single entry in the EPC database dated January 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 7, Rede Place is in very good condition we estimate a sale value of £1,211,739 and a rental value of £5,979 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,073,255 and a rental value of £5,296 per month.
Over the last 12 months the sale value of 7 Rede Place has decreased by an estimated £27,916 (2.4%) and its rental value has increased by an estimated £266 per month (4.7%), giving an expected gross yield of 5.9%.
According to data from HM Land Registry, 7, Rede Place sits on a plot of 48m2.
We have plot size data on 11 out of 12 other houses in the postcode and 7, Rede Place sits on the 9th largest plot.
7, Rede Place has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jan 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Rede Place within a radius of 240 metres over the last 2 years.
The most recent example is 8, Rede Place, London, W2 4TU, a freehold house which sold for £1,150,000 on the 2nd July 2024.
Read more about house prices in W2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rede Place, London, W2 has a total of 14 addresses. According to our analysis of all the public data, 7, Rede Place is the 8th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £101k more expensive than the average property in W2.
The nearest school is Hallfield Primary School which is 528 metres away. The nearest train station is Bayswater which is 500 metres away.
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