Apartment 1002, 3
Apartment 1002, 3
Description & Estimates
According to the public record, Apartment 1002, 3, Merchant Square is a modern leasehold apartment with 1,119 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Apartment 1002, 3, Merchant Square is £1,563,902 and the estimated rental value is £7,777 per month.
The apartment is within 3, Merchant Square, London, W2.
Merchant Square, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Our Data Sources
Apartment 1002, 3, Merchant Square has a single entry in the Land Registry from September 2014 and a single entry in the EPC database dated July 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
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 Apartment 1002, 3, Merchant Square is in very good condition we estimate a sale value of £1,642,097 and a rental value of £8,166 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,454,429 and a rental value of £7,233 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Apartment 1002, 3, Merchant Square has moved down by £15,974 (1.0%), while its estimated rental value has increased by £445 per month (5.7%). Based on current estimates, the property offers a gross rental yield of 6.0%.
Energy Efficiency
Apartment 1002, 3, Merchant Square has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Jul 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
According to HM Land Registry, Apartment 1002, 3, Merchant Square was last sold on 19th September 2014 for £1,572,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since September 2014, the market for similar properties has dropped by 34.4%.
- Sold Sep 2014£1,572,500
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 1002, 3, Merchant Square within a radius of 220 metres over the last 2 years.
The most recent example is Apartment 1503, 3, Merchant Square, London, W2 1BF, a leasehold flat which sold for £2,300,000 on the 29th May 2025.
Read more about house prices in W2.
- Sold May 2025£2,300,000 | 3 Bed Flat3, Merchant SquareApartment 1503, 3, Merchant Square, London, W2 1BF
- Sold Jan 2025£1,280,000 | 3 Bed Flat3, Merchant SquareApartment 1005, 3, Merchant Square, London, W2 1BF
- Sold Dec 2022£2,600,000 | 3 Bed Flat3, Merchant SquareApartment 1209, 3, Merchant Square, London, W2 1BF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Merchant Square, London, W2 has a total of 155 addresses. According to our analysis of all the public data, Apartment 1002, 3, Merchant Square is the 52nd largest and the 45th most expensive property on the street.
When compared to the postcode district it is £493k more expensive than the average property in W2.
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Schools Nearby
- 500mChrist Church Bentinck CofE Primary School
- 600mHampden Gurney CofE Primary School
- 600mSt Mary's Bryanston Square CofE School
- 400mMarylebone Boys' School
- 1.4kmThe St Marylebone CofE School
- 1.4kmWestminster Academy
More reading links
Public Transport Nearby
The closest station to Apartment 1002, 3, Merchant Square is Edgware Road station, which is 200 metres away.
- 200mEdgware Road
- 500mLondon Paddington
- 500mPaddington
Available Internet Speeds
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
