Apartment 1902, 3
Apartment 1902, 3
Description & Estimates
Public records show Apartment 1902, 3, Merchant Square to be a modern leasehold apartment with 1,905 ft2 of internal area.
In this area, apartments of this size normally have 4 bedrooms with a balcony.
Apartment 1902, 3, Merchant Square has an estimated sale value of £2,546,291 and an estimated rental value of £13,217 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 1902, 3, Merchant Square has a single entry in the Land Registry from November 2016 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 1902, 3, Merchant Square would be worth £2,673,606, with a potential rental value of £13,878 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £2,368,051, with a rental value of £12,292 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 1902, 3, Merchant Square has decreased by £2,684 (0.1%) over the last year. During the same period, its estimated monthly rental value has grown by £990 (7.5%). The property's estimated gross yield is currently 6.2%.
Energy Efficiency
Apartment 1902, 3, Merchant Square has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Jul 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
Apartment 1902, 3, Merchant Square last changed hands on 18th November 2016, selling for £4,194,000. 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 29.8% since November 2016.
- Sold Nov 2016£4,194,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 220 metres of Apartment 1902, 3, Merchant Square across the last 2 years.
Most recently, Apartment 1903, 3, Merchant Square, London, W2 1BF, a leasehold flat, sold at £4,600,000 on the 8th May 2025.
Read more about house prices in W2.
- Sold May 2025£4,600,000 | 4 Bed Flat3, Merchant SquareApartment 1903, 3, Merchant Square, London, W2 1BF
- Sold Sep 2021£3,800,000 | 4 Bed FlatWestmark Tower 1, Newcastle PlaceApartment 2803, Westmark Tower 1, Newcastle Place, London, W2 1BW
- Sold Sep 2021£3,800,000 | 4 Bed FlatWestmark Tower 1, Newcastle PlaceApartment 2802, Westmark Tower 1, Newcastle Place, London, W2 1BW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Apartment 1902, 3, Merchant Square as the 7th largest and the 7th most expensive of the 155 addresses on Merchant Square, London, W2.
Against the W2 postcode district average, it is £1.475m more expensive than the typical property.
More reading links
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 1902, 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.
