Apartment 1306, 3
Apartment 1306, 3
Description & Estimates
Apartment 1306, 3, Merchant Square is recorded publicly as a modern leasehold apartment across 613 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Apartment 1306, 3, Merchant Square is £901,616 and its rental estimate is £4,275 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 1306, 3, Merchant Square has a single entry in the Land Registry from September 2014 and a single entry in the EPC database dated August 2024.
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 1306, 3, Merchant Square, we estimate a market value of £946,697 and a rental value of £4,489 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £838,503 and £3,976 per month respectively.
Recent Market Change
Over the last year, Apartment 1306, 3, Merchant Square has seen its estimated sale value decline by £15,660 (1.7%) and its estimated rental value climb by £211 per month (4.9%). This results in an estimated gross rental yield of 5.7%.
Energy Efficiency
Apartment 1306, 3, Merchant Square has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 09 Aug 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
The most recent sale of Apartment 1306, 3, Merchant Square completed on 23rd September 2014 at £692,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 14.4% over the period since September 2014.
- Sold Sep 2014£692,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 1306, 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 25th January 2023, was Apartment 610, 3, Merchant Square, London, W2 1AZ, a leasehold flat which sold for £865,000.
Read more about house prices in W2.
- Sold Jan 2023£865,000 | 2 Bed Flat3, Merchant SquareApartment 610, 3, Merchant Square, London, W2 1AZ
- Sold Nov 2022£785,000 | 2 Bed Flat3, Merchant SquareApartment 410, 3, Merchant Square, London, W2 1AZ
- Sold Apr 2022£750,000 | 2 Bed Flat3, Merchant SquareApartment 1506, 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 1306, 3, Merchant Square comes out as the 124th largest and the 121st most expensive in our analysis of the public data.
It is also £170k less 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 1306, 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.
