Apartment 1602, 3
Apartment 1602, 3
Description & Estimates
Public records show Apartment 1602, 3, Merchant Square to be a modern leasehold apartment with 1,162 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms with a balcony.
Apartment 1602, 3, Merchant Square has an estimated sale value of £1,617,078 and an estimated rental value of £8,048 per month, assuming reasonable condition and based on the information available.
The apartment sits within 3, Merchant Square, London, W2.
Merchant Square, London, W2 lies in the borough of City of Westminster, within the W2 postal district.
Our Data Sources
Apartment 1602, 3, Merchant Square has a single entry in the Land Registry from August 2014 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
In very good condition, we estimate Apartment 1602, 3, Merchant Square would be worth £1,697,932, with a potential rental value of £8,450 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £1,503,883, with a rental value of £7,485 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Apartment 1602, 3, Merchant Square has declined by £16,517 (1.0%) over the last year. During the same period, its estimated monthly rental value has climbed by £460 (5.7%). The property's estimated gross yield is currently 6.0%.
Energy Efficiency
Apartment 1602, 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
Apartment 1602, 3, Merchant Square last changed hands on 27th August 2014, selling for £1,991,899. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 34.4% since August 2014.
- Sold Aug 2014£1,991,899
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 220 metres of Apartment 1602, 3, Merchant Square across the last 2 years.
Most recently, Apartment 1503, 3, Merchant Square, London, W2 1BF, a leasehold flat, sold at £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
Our analysis of the public data ranks Apartment 1602, 3, Merchant Square as the 46th largest and the 32nd most expensive of the 155 addresses on Merchant Square, London, W2.
Against the W2 postcode district average, it is £546k more expensive than the typical property.
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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
Edgware Road station is the nearest stop to Apartment 1602, 3, Merchant Square at 200 metres away.
- 200mEdgware Road
- 500mLondon Paddington
- 500mPaddington
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
