Apartment 605, 3 Merchant Square, London, W2 1AZ is a leasehold flat built in 2012 onwards. The property offers approximately 947 square feet of living space and is situated on the 6th floor. In this location, apartments of similar size usually have three bedrooms.

The estimated current market value of the property is £850,473 , which equates to approximately £898 per square foot. It was last sold on 12 Sep 2014 for £967,500. Since then, the value has decreased by £117,027, representing a 12.1% decrease, or approximately 1.1% per year.

The current estimated value of £850,473 is:

  • 39.4% lower than the average property price on Merchant Square
  • 26.7% lower than the average in the W2 1AZ postcode area
  • and 1.8% higher than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 6 August 2024, the property was recorded as rented.

View sold house prices in W2 1AZ

Building approximate location

About Property

Type
Flat
Built
2012 onwards
Interior Size
947 sq ft
Tenure
Leasehold
Floor level
6th floor
Price (estimate)
£850,473
Price Per sq ft (estimate)
£898
Bedroom Count (estimate)
3 bedrooms

EPC Summary

Apartment 605, 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 6 Aug 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 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 0.86 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

47 th / 70
Price Rank
27% lower than average
34 th / 70
Size Rank
0% same size than average
64 th / 70
Price Per Sq FT Rank
27% lower than average

Compared to other properties in W2 1AZ , this flat's estimated value ranks 47th out of 70. Based on price per square foot, it ranks 64th out of 70 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 34th out of 70 properties in its postcode area.

Sale History

Today
£850,473
streetscan.co.uk estimate
-12 %
12 Sep 2014
£967,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 915 sq ft
sale price: £1,400,000
sale date: 25 Jun 2024
rooms: 2
size: 893 sq ft
sale price: £735,000
sale date: 29 Sep 2014
rooms: 3
size: 872 sq ft
sale price: £992,500
sale date: 18 Sep 2014
rooms: 3
size: 861 sq ft
sale price: £1,145,000
sale date: 18 Sep 2014
rooms: 4
size: 915 sq ft
sale price: £1,150,000
sale date: 18 Sep 2014

Data Sources

The property at Apartment 605, 3 Merchant Square, London, City Of Westminster, Greater London, W2 1AZ appears once in the Land Registry records, with the transaction recorded on 12 Sep 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 6 Aug 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.