Flat 4, 5 Spring Street, London, W2 3RA is a leasehold flat built between 1950-1966. The property offers approximately 344 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 £284,029 , which equates to approximately £825 per square foot. It was last sold on 16 Feb 2024 for £368,000. Since then, the value has decreased by £83,971, representing a 22.8% decrease, or approximately 12.4% per year.

The current estimated value of £284,029 is:

  • 48.6% lower than the average property price on Spring Street
  • 71.3% lower than the average in the W2 3RA postcode area
  • and 66.0% lower than the average price for London as a whole

View sold house prices in W2 3RA

Building approximate location

About Property

Type
Flat
Built
1950-1966
Interior Size
344 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£284,029
Price Per sq ft (estimate)
£825
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 4, 5 Spring Street, London, City Of Westminster, Greater London Authority, W2 3RA has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 10 Mar 2018.

This property uses electric room heaters as its main heating source. A gas multipoint water heater is used to provide hot water. The windows are single glazed.

The previous EPC assessment was conducted on 17 Nov 2009, when the property was rated E. Since then, the rating has improved to D, with the energy efficiency score increasing by 10%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from poor to very poor.
  • The roof construction or insulation changed from pitched, insulated at rafters to pitched, 400+ mm loft insulation, improving energy efficiency from very poor to very good.
  • The wall construction or insulation changed from solid brick, with internal insulation to timber frame, as built, partial insulation (assumed), changing energy efficiency from good to average.
  • The lighting was updated from no low energy lighting to low energy lighting in 67% of fixed outlets, with efficiency improving from very poor to good.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Gas multipoint
Average
Roof
Pitched, 400+ mm loft insulation
Very Good
Walls
Timber frame, as built, partial insulation (assumed)
Average
Windows
Single glazed
Very Poor
Lighting
Low energy lighting in 67% of fixed outlets
Good

Compared to W2 3RA

18 th / 18
Price Rank
71% lower than average
12 th / 13
Size Rank
61% smaller than average
11 th / 13
Price Per Sq FT Rank
27% lower than average

Compared to other properties in W2 3RA , this flat's estimated value ranks 18th out of 18. Based on price per square foot, it ranks 11th out of 13 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 12th out of 13 properties in its postcode area.

Sale History

Today
£284,029
streetscan.co.uk estimate
-23 %
16 Feb 2024
£368,000
Leasehold
+137.4 %
3 Dec 2008
£155,000
Leasehold

Area Insights

Similar Properties Sold Nearby

Flat 1, 10 Spring Street, London, W2 3RA
rooms: 2
size: 388 sq ft
sale price: £280,000
sale date: 27 Nov 2009
10, Sussex Court Spring Street, London, W2 1JF
rooms: 1
size: 377 sq ft
sale price: £350,000
sale date: 19 May 2022
16, Sussex Court Spring Street, London, W2 1JF
rooms: 1
size: 325 sq ft
sale price: £355,000
sale date: 16 Apr 2021
11, Sussex Court Spring Street, London, W2 1JF
rooms: 1
size: 355 sq ft
sale price: £405,000
sale date: 14 Jan 2019
5, Sussex Court Spring Street, London, W2 1JF
rooms: 1
size: 312 sq ft
sale price: £310,000
sale date: 30 Mar 2016

Data Sources

The property at Flat 4, 5 Spring Street, London, W2 3RA appears two times in the Land Registry records, with the latest transaction recorded on 16 Feb 2024. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 10 Mar 2018. 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.
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