Flat 5, 40 Palace Gardens Terrace, London, W8 4RP is a leasehold flat built before 1900. The property offers approximately 538 square feet of living space and is situated on the 3rd floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £684,865 , which equates to approximately £1,272 per square foot. It was last sold on 1 Apr 2022 for £840,000. Since then, the value has decreased by £155,135, representing a 18.5% decrease, or approximately 5.0% per year.

The current estimated value of £684,865 is:

  • 70.8% lower than the average property price on Palace Gardens Terrace
  • 72.4% lower than the average in the W8 4RP postcode area
  • and 21.8% lower 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 1 August 2022, the property was recorded as rented.

View sold house prices in W8 4RP

Building approximate location

About Property

Type
Flat
Built
before 1900
Interior Size
538 sq ft
Tenure
Leasehold
Floor level
3rd floor
Price (estimate)
£684,865
Price Per sq ft (estimate)
£1,272
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 5, 40 Palace Gardens Terrace, London, Kensington And Chelsea, Greater London, W8 4RP has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 1 Aug 2022.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are single glazed.

The previous EPC assessment was conducted on 15 Nov 2021, when the property was rated G. Since then, the rating has improved to D, with the energy efficiency score increasing by 427.3%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from no system present: electric heaters assumed to electric storage heaters, improving energy efficiency from very poor to average.
  • The hot water system changed from electric immersion, standard tariff to electric immersion, off-peak, with no change in energy efficiency (very poor).
  • The roof construction or insulation changed from pitched, no insulation to pitched, 100 mm loft insulation, improving energy efficiency from very poor to average.
  • The lighting was changed from low energy lighting in 80% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Very Poor
Roof
Pitched, 100 mm loft insulation
Average
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Single glazed
Very Poor
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to W8 4RP

38 th / 42
Price Rank
72% lower than average
19 th / 30
Size Rank
62% smaller than average
27 th / 30
Price Per Sq FT Rank
27% lower than average

Compared to other properties in W8 4RP , this flat's estimated value ranks 38th out of 42. Based on price per square foot, it ranks 27th out of 30 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 19th out of 30 properties in its postcode area.

Sale History

Today
£684,865
streetscan.co.uk estimate
-18 %
1 Apr 2022
£840,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 549 sq ft
sale price: £850,000
sale date: 4 Dec 2024
rooms: 1
size: 527 sq ft
sale price: £740,000
sale date: 31 Mar 2023
rooms: 2
size: 570 sq ft
sale price: £1,060,000
sale date: 10 Dec 2021
rooms: 2
size: 517 sq ft
sale price: £975,000
sale date: 16 Dec 2016
rooms: 2
size: 495 sq ft
sale price: £650,000
sale date: 14 Jun 2012

Data Sources

The property at Flat 5, 40 Palace Gardens Terrace, London, Kensington And Chelsea, Greater London, W8 4RP appears once in the Land Registry records, with the transaction recorded on 1 Apr 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 1 Aug 2022. 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.