Basement, 7
Basement, 7
Description & Estimates
Basement, 7, St. Marks Place appears in the public record as a leasehold apartment.
We estimate it to be a period apartment with 1,614 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of Basement, 7, St. Marks Place is £1,485,740 and its rental estimate is £6,685 per month, given the available information and assuming reasonable condition.
7, St. Marks Place is a residential building on St. Marks Place, London, W11 and falls within the W11 postal district and the London Borough of Kensington and Chelsea.
Our Data Sources
Basement, 7, St. Marks Place has 2 entries in the Land Registry , most recently in March 2014 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 Basement, 7, St. Marks Place, we estimate a market value of £1,560,027 and a rental value of £7,019 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,381,738 and £6,217 per month respectively.
Recent Market Change
Over the last year, Basement, 7, St. Marks Place has seen its estimated sale value grow by £10,501 (0.7%) and its estimated rental value climb by £485 per month (7.3%). This results in an estimated gross rental yield of 5.4%.
Sold Prices
The most recent sale of Basement, 7, St. Marks Place completed on 13th March 2014 at £3,700,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 20.6% over the period since March 2014.
- Sold Mar 2014£3,700,000
- Sold Nov 2010£2,350,000
Similar Properties Sold Nearby
Over the past 2 years 2 properties similar to Basement, 7, St. Marks Place have sold within a radius of 240 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th September 2021, was Flat 3, 34, Elgin Crescent, London, W11 2JR, a leasehold flat which sold for £1,370,000.
Read more about house prices in W11.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 54 addresses on St. Marks Place, London, W11, Basement, 7, St. Marks Place comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £113k less expensive than the average property across the W11 district.
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Schools Nearby
- 100mThomas Jones Primary School
- 500mColville Primary School
- 600mAvondale Park Primary School
- 400mKensington Aldridge Academy
- 700mAll Saints Catholic College
- 1.3kmThe Cardinal Vaughan Memorial RC School
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Public Transport Nearby
From Basement, 7, St. Marks Place, the nearest station is Ladbroke Grove, 300 metres away.
- 300mLadbroke Grove
- 600mLatimer Road
- 900mWestbourne Park
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.
