Apartment 1003, 3
Apartment 1003, 3
Description & Estimates
Apartment 1003, 3, Merchant Square is recorded publicly as a modern leasehold apartment across 1,076 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Apartment 1003, 3, Merchant Square is £1,510,386 and its rental estimate is £7,505 per month, given the available information and assuming reasonable condition.
3, Merchant Square is a residential building on Merchant Square, London, W2 and falls within the W2 postal district and the London Borough of City of Westminster.
Our Data Sources
Apartment 1003, 3, Merchant Square has 2 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated July 2014.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Apartment 1003, 3, Merchant Square, we estimate a market value of £1,585,905 and a rental value of £7,880 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,404,659 and £6,980 per month respectively.
Recent Market Change
Over the last year, Apartment 1003, 3, Merchant Square has seen its estimated sale value fall by £15,427 (1.0%) and its estimated rental value move up by £429 per month (5.7%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
Apartment 1003, 3, Merchant Square has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Jul 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
The most recent sale of Apartment 1003, 3, Merchant Square completed on 19th December 2022 at £1,950,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 28.0% over the period since December 2022.
- Sold Dec 2022£1,950,000
- Sold Aug 2014£1,385,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 1003, 3, Merchant Square have sold within a radius of 220 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th May 2025, was Apartment 1503, 3, Merchant Square, London, W2 1BF, a leasehold flat which sold for £2,300,000.
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 May 2025£2,000,000 | 3 Bed Flat3, Merchant SquareApartment 1706, 3, Merchant Square, London, W2 1BF
- Sold Jan 2025£1,280,000 | 3 Bed Flat3, Merchant SquareApartment 1005, 3, Merchant Square, London, W2 1BF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 155 addresses on Merchant Square, London, W2, Apartment 1003, 3, Merchant Square comes out as the 69th largest and the 57th most expensive in our analysis of the public data.
It is also £439k more expensive than the average property across the W2 district.
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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
From Apartment 1003, 3, Merchant Square, the nearest station is Edgware Road, 200 metres away.
- 200mEdgware Road
- 500mLondon Paddington
- 500mPaddington
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
