Apartment 606, 3 Merchant Square, London, W2 1AZ is a leasehold flat built between 2007-2011. The property offers approximately 603 square feet of living space and is situated on the 6th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £536,216 , which equates to approximately £890 per square foot. It was last sold on 9 Sep 2014 for £610,000. Since then, the value has decreased by £73,784, representing a 12.1% decrease, or approximately 1.1% per year.

The current estimated value of £536,216 is:

  • 61.8% lower than the average property price on Merchant Square
  • 53.8% lower than the average in the W2 1AZ postcode area
  • and 35.8% lower than the average price for London as a whole

Based on EPC inspection history, this property has been mostly rented (2 out of 3 inspections). This suggests the property has often been rented out, which may indicate use as an investment or buy-to-let.

At the most recent EPC inspection on 4 September 2024, the property was recorded as rented.

View sold house prices in W2 1AZ

Building approximate location

About Property

Type
Flat
Built
2007-2011
Interior Size
603 sq ft
Tenure
Leasehold
Floor level
6th floor
Price (estimate)
£536,216
Price Per sq ft (estimate)
£890
Bedroom Count (estimate)
1 bedroom

EPC Summary

Apartment 606, 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 4 Sep 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 4 Sep 2024. 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 lighting was updated from no low energy lighting to low energy lighting in all fixed outlets, with efficiency improving from very poor to very good.
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

62 nd / 70
Price Rank
54% lower than average
53 rd / 70
Size Rank
36% smaller than average
65 th / 70
Price Per Sq FT Rank
27% lower than average

Compared to other properties in W2 1AZ , this flat's estimated value ranks 62th out of 70. Based on price per square foot, it ranks 65th 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 53th out of 70 properties in its postcode area.

Sale History

Today
£536,216
streetscan.co.uk estimate
-12 %
9 Sep 2014
£610,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 592 sq ft
sale price: £785,000
sale date: 17 Nov 2022
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

Data Sources

The property at Apartment 606, 3 Merchant Square, London, City Of Westminster, Greater London, W2 1AZ appears once in the Land Registry records, with the transaction recorded on 9 Sep 2014. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 4 Sep 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.