Flat 8, 1-3
Flat 8, 1-3
Description & Estimates
The public record lists Flat 8, 1-3, Princes Gate as a leasehold apartment.
Comparison with its neighbours suggests an early-century apartment with 1,445 ft2 of internal area.
In this area, apartments of this size normally have 3 bedrooms.
Flat 8, 1-3, Princes Gate has an estimated sale value of £5,846,213 and an estimated rental value of £8,137 per month, assuming reasonable condition and based on the information available.
The apartment sits within 1-3, Princes Gate, London, SW7.
Princes Gate, London, SW7 lies in the borough of City of Westminster, within the SW7 postal district.
Our Data Sources
Flat 8, 1-3, Princes Gate has a single entry in the Land Registry from March 2019 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
In very good condition, we estimate Flat 8, 1-3, Princes Gate would be worth £6,138,523, with a potential rental value of £8,544 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £5,436,978, with a rental value of £7,567 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 Flat 8, 1-3, Princes Gate has declined by £12,428 (0.2%) over the last year. During the same period, its estimated monthly rental value has climbed by £428 (5.3%). The property's estimated gross yield is currently 1.7%.
Sold Prices
Flat 8, 1-3, Princes Gate last changed hands on 6th March 2019, selling for £5,250,000. 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 38.1% since March 2019.
- Sold Mar 2019£5,250,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 370 metres of Flat 8, 1-3, Princes Gate across the last 2 years.
Most recently, Flat 1, 1, Ennismore Gardens, London, SW7 1NL, a leasehold flat, sold at £7,170,000 on the 18th October 2021.
Read more about house prices in SW7.
- Sold Oct 2021£7,170,000 | 3 Bed Flat1, Ennismore GardensFlat 1, 1, Ennismore Gardens, London, SW7 1NL
- Sold Feb 2019£3,294,000 | 3 Bed Flat1, Ennismore GardensFlat 3, 1, Ennismore Gardens, London, SW7 1NL
- Sold Jan 2019£2,100,000 | 3 Bed Flat1-3 , Princes GateFlat 2, 1-3 , Princes Gate, London, SW7 1QJ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 8, 1-3, Princes Gate as the 120th largest and the 34th most expensive of the 306 addresses on Princes Gate, London, SW7.
Against the SW7 postcode district average, it is £3.734m more expensive than the typical property.
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Schools Nearby
- 1.0kmMarlborough Primary School
- 1.1kmSt Joseph's Catholic Primary School
- 1.2kmOur Lady of Victories RC Primary School
- 1.1kmSt. Thomas More Language College
- 2.0kmMarylebone Boys' School
- 2.1kmWestminster City School
More reading links
Public Transport Nearby
Knightsbridge station is the nearest stop to Flat 8, 1-3, Princes Gate at 500 metres away.
- 500mKnightsbridge
- 900mSouth Kensington
- 1.2kmHyde Park Corner
Available Internet Speeds
Ofcom's latest figures show standard broadband available in this area.
According to recent data from Ofcom, Standard broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
