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The property has 121 years remaining on the lease.
Our estimate of the sale value of Flat 8, 7, Egerton Place is £3,224,402 and its rental estimate is £9,443 per month, given the available information and assuming reasonable condition.
7, Egerton Place is a residential building on Egerton Place, London, SW3 and falls within the SW3 postal district and the London Borough of Kensington and Chelsea.
Flat 8, 7, Egerton Place has been updated by Jefferies London Prime Real Estate Ltd.. This data along with public information allows us to provide estimates for both this and neighbouring properties.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 Flat 8, 7, Egerton Place, we estimate a market value of £3,385,623 and a rental value of £9,915 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £2,998,694 and £8,782 per month respectively.
Over the last year, Flat 8, 7, Egerton Place has seen its estimated sale value climb by £26,501 (0.8%) and its estimated rental value rise by £696 per month (7.4%). This results in an estimated gross rental yield of 3.5%.
Flat 8, 7, Egerton Place has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Mar 2023.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to Flat 8, 7, Egerton Place have sold within a radius of 260 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th August 2023, was Flat 7, Empire House, Thurloe Place, London, SW7 2RU, a leasehold flat which sold for £4,070,000.
Read more about house prices in SW3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 63 addresses on Egerton Place, London, SW3, Flat 8, 7, Egerton Place comes out as the 13th largest and the 7th most expensive in our analysis of the public data.
It is also £1.145m more expensive than the average property across the SW3 district.
From Flat 8, 7, Egerton Place, the nearest station is Knightsbridge, 500 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around Flat 8, 7, Egerton Place, 39.7% of property is privately rented and 35.6% 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 8, 7, Egerton Place, 14.0% of residents are recorded as possessing school level qualifications and 72.7% 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 Flat 8, 7, Egerton Place, 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 Flat 8, 7, Egerton Place, 11.3% 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 8, 7, Egerton Place, 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.