Apartment 706, 3 Merchant Square, London, W2 1AZ is a leasehold flat built in 2012 onwards. The property offers approximately 570 square feet of living space and is situated on the 7th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £542,808 , which equates to approximately £952 per square foot. It was last sold on 16 Sep 2014 for £617,500. Since then, the value has decreased by £74,692, representing a 12.1% decrease, or approximately 1.1% per year.

The current estimated value of £542,808 is:

  • 61.3% lower than the average property price on Merchant Square
  • 53.2% lower than the average in the W2 1AZ postcode area
  • and 35.0% 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 20 March 2025, 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
570 sq ft
Tenure
Leasehold
Floor level
7th floor
Price (estimate)
£542,808
Price Per sq ft (estimate)
£952
Bedroom Count (estimate)
1 bedroom

EPC Summary

Apartment 706, 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 20 Mar 2025.

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 1.26 w/m-¦k to system built, as built, insulated (assumed), improving energy efficiency from poor 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

61 st / 70
Price Rank
53% lower than average
59 th / 70
Size Rank
40% smaller than average
55 th / 70
Price Per Sq FT Rank
22% lower than average

Compared to other properties in W2 1AZ , this flat's estimated value ranks 61th out of 70. Based on price per square foot, it ranks 55th 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 59th out of 70 properties in its postcode area.

Sale History

Today
£542,808
streetscan.co.uk estimate
-12 %
16 Sep 2014
£617,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 560 sq ft
sale price: £865,000
sale date: 25 Jan 2023
rooms: 3
size: 646 sq ft
sale price: £900,000
sale date: 2 Feb 2018
rooms: 2
size: 506 sq ft
sale price: £745,000
sale date: 5 Jul 2016
rooms: 2
size: 506 sq ft
sale price: £570,000
sale date: 22 Sep 2014
rooms: 2
size: 603 sq ft
sale price: £630,000
sale date: 22 Sep 2014

Data Sources

The property at Apartment 706, 3 Merchant Square, London, City Of Westminster, Greater London, W2 1AZ appears once in the Land Registry records, with the transaction recorded on 16 Sep 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 20 Mar 2025. 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.