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The property has 974 years remaining on the lease.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat N, 108, Lancaster Gate is £5,444,667 and the estimated rental value is £14,108 per month.
The apartment is within 108, Lancaster Gate, London, W2.
Lancaster Gate, London, W2 is located in the borough of City of Westminster within the W2 postal district.
Flat N, 108, Lancaster Gate has been updated by Maplewood Property. 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.
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 Flat N, 108, Lancaster Gate is in very good condition we estimate a sale value of £5,716,901 and a rental value of £14,813 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £5,063,541 and a rental value of £13,120 per month.
Over the last 12 months the sale value of Flat N 108 Lancaster Gate has increased by an estimated £114,957 (2.1%) and its rental value has increased by an estimated £1280 per month (9.1%), giving an expected gross yield of 3.1%.
Flat N, 108, Lancaster Gate has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 May 2024.
The property is connected to mains gas and has full secondary glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Flat N, 108, Lancaster Gate was last sold on 19th June 1997 for £670,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Flat N, 108, Lancaster Gate within a radius of 290 metres over the last 2 years.
The most recent example is 109A, Lancaster Gate, London, W2 3NW, a leasehold flat which sold for £4,750,000 on the 8th December 2014.
Read more about house prices in W2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Gate, London, W2 has a total of 512 addresses. According to our analysis of all the public data, Flat N, 108, Lancaster Gate is the 29th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £4.373m more expensive than the average property in W2.
The nearest school is St James & St John Church of England Primary School which is 200 metres away. The nearest train station is Lancaster Gate which is 200 metres away.
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