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In this area, apartments of this size normally have 4 bedrooms with a balcony and garden.
Flat 1, 18, Stanhope Terrace has an estimated sale value of £2,134,901 and an estimated rental value of £8,438 per month, assuming reasonable condition and based on the information available.
The apartment sits within 18, Stanhope Terrace, London, W2.
Stanhope Terrace, London, W2 lies in the borough of City of Westminster, within the W2 postal district.
Flat 1, 18, Stanhope Terrace has 2 entries in the Land Registry , most recently in February 2016 and a single entry in the EPC database dated February 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
In very good condition, we estimate Flat 1, 18, Stanhope Terrace would be worth £2,241,646, with a potential rental value of £8,860 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £1,985,458, with a rental value of £7,848 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of Flat 1, 18, Stanhope Terrace has moved up by £47,283 (2.2%) over the last year. During the same period, its estimated monthly rental value has increased by £734 (8.7%). The property's estimated gross yield is currently 4.7%.
Flat 1, 18, Stanhope Terrace has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Feb 2023.
The property is connected to mains gas and has some double glazing. It is heated using Boiler and underfloor heating, mains gas.
Flat 1, 18, Stanhope Terrace last changed hands on 24th February 2016, selling for £2,330,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 15.4% since February 2016.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 330 metres of Flat 1, 18, Stanhope Terrace across the last 2 years.
Most recently, 38 Maitland Court, Lancaster Terrace, London, W2 3PD, a leasehold flat, sold at £2,150,000 on the 22nd January 2024.
Read more about house prices in W2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks Flat 1, 18, Stanhope Terrace as the 6th largest and the 10th most expensive of the 43 addresses on Stanhope Terrace, London, W2.
Against the W2 postcode district average, it is £1.064m more expensive than the typical property.
Lancaster Gate station is the nearest stop to Flat 1, 18, Stanhope Terrace at 300 metres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 1, 18, Stanhope Terrace, 46.6% of property is privately rented and 31.0% 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 Flat 1, 18, Stanhope Terrace, 27.5% of residents are recorded as possessing school level qualifications and 61.5% 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 Flat 1, 18, Stanhope Terrace, the average age was 37.1 and the most common age was 22.
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 Flat 1, 18, Stanhope Terrace, 10.7% 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 Flat 1, 18, Stanhope Terrace, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.