Apartment 410, 3 Merchant Square, London, W2 1AZ is a leasehold flat built in 2012 onwards. The property offers approximately 592 square feet of living space and is situated on the 4th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £604,607 , which equates to approximately £1,021 per square foot. It was last sold on 17 Nov 2022 for £785,000. Since then, the value has decreased by £180,393, representing a 23.0% decrease, or approximately 7.4% per year.

The current estimated value of £604,607 is:

  • 56.9% lower than the average property price on Merchant Square
  • 47.9% lower than the average in the W2 1AZ postcode area
  • and 27.6% lower 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 1 July 2024, the property was recorded as owner-occupied.

View sold house prices in W2 1AZ

Building approximate location

About Property

Type
Flat
Built
2012 onwards
Interior Size
592 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£604,607
Price Per sq ft (estimate)
£1,021
Bedroom Count (estimate)
1 bedroom

EPC Summary

Apartment 410, 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 1 Jul 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. The rating of B remains the same, but the energy efficiency score improved by 1.2%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from very good to good, while the heating system type remained the same (community scheme).
  • The hot water energy efficiency changing from very good to good, while the system remained as community scheme.
  • 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 0.80 w/m-¦k to system built, as built, insulated (assumed), improving energy efficiency from average to very 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)
Very Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to W2 1AZ

57 th / 70
Price Rank
48% lower than average
55 th / 70
Size Rank
37% smaller than average
46 th / 70
Price Per Sq FT Rank
17% lower than average

Compared to other properties in W2 1AZ , this flat's estimated value ranks 57th out of 70. Based on price per square foot, it ranks 46th out of 70 properties. In terms of size, this home ranks 55th out of 70 properties in its postcode area.

Sale History

Today
£604,607
streetscan.co.uk estimate
-23 %
17 Nov 2022
£785,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 646 sq ft
sale price: £900,000
sale date: 2 Feb 2018
rooms: 3
size: 581 sq ft
sale price: £620,000
sale date: 18 Sep 2014
rooms: 4
size: 506 sq ft
sale price: £582,500
sale date: 12 Sep 2014
rooms: 4
size: 603 sq ft
sale price: £610,000
sale date: 9 Sep 2014

Data Sources

The property at Apartment 410, 3 Merchant Square, London, City Of Westminster, Greater London, W2 1AZ appears once in the Land Registry records, with the transaction recorded on 17 Nov 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 1 Jul 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.