Apartment 409, 3 Merchant Square, London, W2 1AZ is a leasehold flat built between 2007-2011. The property offers approximately 915 square feet of living space and is situated on the 4th floor. In this location, apartments of similar size usually have three bedrooms.

The estimated current market value of the property is £1,174,400 , which equates to approximately £1,284 per square foot. It was last sold on 25 Jun 2024 for £1,400,000. Since then, the value has decreased by £225,600, representing a 16.1% decrease, or approximately 10.8% per year.

The current estimated value of £1,174,400 is:

  • 16.3% lower than the average property price on Merchant Square
  • 1.3% higher than the average in the W2 1AZ postcode area
  • and 40.5% higher than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 30 June 2024, the property was recorded as owner-occupied.

View sold house prices in W2 1AZ

Building approximate location

About Property

Type
Flat
Built
2007-2011
Interior Size
915 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£1,174,400
Price Per sq ft (estimate)
£1,284
Bedroom Count (estimate)
3 bedrooms

EPC Summary

Apartment 409, 3 Merchant Square, London, City Of Westminster, Greater London, W2 1AZ has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 30 Jun 2024.

This property is heated by a shared community system (community scheme). Community heating means the heat is supplied from a central source serving multiple homes. A community heating scheme is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 16 Jul 2014, and the property received the same rating of B with an unchanged energy efficiency score of 84.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from (other premises above) to (another dwelling above), with no change in energy efficiency (n/a).
  • The wall construction or insulation changed from average thermal transmittance 1.15 w/m-¦k to system built, as built, insulated (assumed), improving energy efficiency from poor to good.
  • The windows were upgraded from high performance glazing to fully double glazed.
Heating Type
Community scheme
Good
Hot Water
Community scheme
Good
Walls
System built, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to W2 1AZ

30 th / 70
Price Rank
1% higher than average
43 rd / 70
Size Rank
3% smaller than average
10 th / 70
Price Per Sq FT Rank
5% higher than average

Compared to other properties in W2 1AZ , this flat's estimated value ranks 30th out of 70. Based on price per square foot, it ranks 10th out of 70 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 43th out of 70 properties in its postcode area.

Sale History

Today
£1,174,400
streetscan.co.uk estimate
-16 %
25 Jun 2024
£1,400,000
Leasehold
+12.9 %
15 Sep 2014
£1,240,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 893 sq ft
sale price: £735,000
sale date: 29 Sep 2014
rooms: 3
size: 861 sq ft
sale price: £1,145,000
sale date: 18 Sep 2014
rooms: 3
size: 872 sq ft
sale price: £992,500
sale date: 18 Sep 2014
rooms: 4
size: 915 sq ft
sale price: £1,150,000
sale date: 18 Sep 2014
rooms: 3
size: 969 sq ft
sale price: £999,999
sale date: 18 Sep 2014

Data Sources

The property at Apartment 409, 3 Merchant Square, London, W2 1AZ appears two times in the Land Registry records, with the latest transaction recorded on 25 Jun 2024. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 30 Jun 2024. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.