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The property has 981 years remaining on the lease.
Based on available information, and assuming reasonable condition, the estimated sale value for First Floor Flat, 3, Ovington Square is £986,760 and the estimated rental value is £2,993 per month.
The apartment is within 3, Ovington Square, London, SW3.
Ovington Square, London, SW3 is located in the borough of Kensington and Chelsea within the SW3 postal district.
First Floor Flat, 3, Ovington Square has been updated by Bellfords International. This data along with public information allows us to provide estimates for both this and neighbouring properties.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If First Floor Flat, 3, Ovington Square is in very good condition we estimate a sale value of £1,036,098 and a rental value of £3,143 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £917,687 and a rental value of £2,784 per month.
Over the last 12 months the sale value of First Floor Flat 3 Ovington Square has decreased by an estimated £25,899 (2.6%) and its rental value has increased by an estimated £117 per month (3.9%), giving an expected gross yield of 3.6%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to First Floor Flat, 3, Ovington Square within a radius of 260 metres over the last 2 years.
The most recent example is Flat H, Southwell House 34-36 , Egerton Gardens, London, SW3 2DB, a leasehold flat which sold for £585,000 on the 2nd September 2024.
Read more about house prices in SW3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ovington Square, London, SW3 has a total of 132 addresses. According to our analysis of all the public data, First Floor Flat, 3, Ovington Square is the 113th largest and the 83rd most expensive property on the street.
When compared to the postcode district it is £1.093m less expensive than the average property in SW3.
The closest station to First Floor Flat, 3, Ovington Square is Knightsbridge station which is 400 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around First Floor Flat, 3, Ovington Square, 61.1% of property is privately rented and 16.8% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around First Floor Flat, 3, Ovington Square, 14.3% of residents are recorded as possessing school level qualifications and 70.7% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around First Floor Flat, 3, Ovington Square, the average age was 40.8 and the most common age was 52.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around First Floor Flat, 3, Ovington Square, 2.4% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around First Floor Flat, 3, Ovington Square, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.