2 Verge Apartments, 24 Dering Street, London, W1S 1BL

UPRN:10033616889Flat/MaisonetteBeds -Built -

LeaseholdCouncil Tax: Band FEPC: B (85)

Data freshness:Listing· freshPrice Paid· freshPlanning· 2mo agoOwnership· freshEPC· 6mo agoRisk· 5mo agoConnectivity· 1mo agoSchools· 1mo agoAmenities· 2mo agoArea· Census 2021

2 Verge Apartments, 24 Dering Street, London, W1S 1BL

HP Score

/ 100

Mixed

Verdict

yesterday

Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Mixed signals - investigate

Evidence

20 of 21 sources

Sale Estimate

£1,537,000

£1.23M - £1.84MLow

Estimate

£1.54M

Range

£1.23M – £1.84M

Rent Estimate (pcm)

£5,100

£5k - £6k

Monthly

£5,100

Yield

6.12%

Verdict

Derived from HomePortfolio scores

2 Verge Apartments earns an INVESTIGATE rating with HP Score 62/100. Investment score 64/100 reflects moderate fundamentals. Crime intensity is elevated. Walkability is excellent (100/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is leasehold. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.

Key SourcesEPC RegisterPortal listingsOfcom Connected NationsOfcom mobile coverageMarket estimates (third-party AVM)HM Land Registry sales matched to addressDefra strategic noise mapping, England Round 4 (Contains Defra data © Crown copyright and database right 2023-2024, Open Government Licence v3.0)Walk ScoreONS Census 2021Police.ukHM Land Registry company ownershipHM Land Registry covenantsHM Land Registry leasesHM Land Registry Price PaidPlanIt / council planning portalsOverture Maps PlacesOfsted / DfE GIAS

HP Score

62/ 100

Mixed

Investment Score

64/ 100

Moderate

100

Crime Score

100/ 100

Elevated

100

Walkability

100/ 100

Excellent

Transit & Bike

Transit 100Bike 78

Walk Score, out of 100

Opportunity

Not scored as an opportunity

We will not put a number on this one.

headline score requires valuation_edge (estimate confidence LOW below scoring floor)

What we could establish

Rental economics6.5/40
gross yield 6.1%; range width penalty ×0.73; the estimate this rent rides on sits 35% above the ask - check the rent describes the advertised home
- valuation_snapshotsrent estimate 5100/mo (range 4500-5700)· as of 10 Oct 2026· verify before relying on this
- valuation_snapshotssale estimate 35% above the ask on the same snapshot - verify the rent describes this home· as of 10 Oct 2026· verify before relying on this
Stress margin0/30
stressed cash flow -600/mo, -12% of rent (6.75% on a 75% loan; no service charge or ground rent disclosed); fails the stress - earns nothing; leasehold with no service charge disclosed - the stress assumes GBP 0
- underwriting_assumptionscosts not disclosed by the advert· as of 4 Nov 2026· verify before relying on this
Risk & liquidity5.6/15
15 sales/12mo in area; valuation range width 40%
- property_intelligencetransactions_12mo

Withholding a score is deliberate. A number built on missing or stale inputs would look more certain than the evidence allows.

Economics

What happens to your money

Your assumptions

Purchase price£1,000,000

At the asking price

Monthly rent£5,100/mo

Evidenced range £4,500-£5,700

Interest rate5.4%

Loan to value75%

Cash required: £345,050
Net cash flow: £156/mo
Cash on cash: 0.5%
Score at this price: -

After a 8% void allowance, 15% management and 10% maintenance. Lender coverage (rent ÷ interest): 1.51 - clears the usual 1.25 test. These are your assumptions, not evidence: only the pre-filled rent and price come from the record.

Evidence

Where every number comes from

valuation_snapshotsrent estimate 5100/mo (range 4500-5700)Rental economics · as of 10 Oct 2026 · verify before relying on this
valuation_snapshotssale estimate 35% above the ask on the same snapshot - verify the rent describes this homeRental economics · as of 10 Oct 2026 · verify before relying on this
underwriting_assumptionscosts not disclosed by the advertStress margin · as of 4 Nov 2026 · verify before relying on this
portal_listingsprice_changes + first_published_dateSeller motivation · as of 4 Nov 2026
property_intelligencetransactions_12mo

Risks

What could kill this deal

Score confidence is low
largely a single source - treat the number as a prompt, not a conclusion
Valuation edge could not be scored
estimate confidence LOW below scoring floor
Rental economics needs verification before you rely on it
rent estimate 5100/mo (range 4500-5700)

Plan

Before you offer

1. Get two written rental appraisals from local lettings agents.
The market estimate this rent rides on sits far above the asking price, so the rent may describe a different home.
2. Fill the valuation edge gap before relying on the score.
estimate confidence LOW below scoring floor
3. Commission a full structural survey, not a basic condition report.
The score prices market evidence, not the fabric of the building.

Every step above was generated from a specific gap or flag in the evidence - no generic advice, no invented tasks.

Valuation & Market

Sale Estimate£1,537,000

Rent Estimate (pcm)£5,100

Gross Yield6.12%

1y Growth-

3y Growth+21.0%

5y Growth+4.1%

10y Growth-1.3%

Last Sold Price£950,000 (2012-08-29)

View Market Details

Risk Overview

Flood RiskUnknown
SubsidenceSignificant
RadonLow
MiningUnknown
LandslideLow
Air QualityLow
NoiseModerate

View Full Risk Report

Planning Activity

Recent Apps

2W1S 1BL

Approval Rate

-12mo

Development

low

2026/4584/L
Internal alterations and refurbishments, including reconfigured bathrooms, alterations to partitions and doors, and reinstatement of traditional cornices and joinery.
Pending
26/07409/LBC
Provision of internally illuminated temporary Christmas decoration to front facade at ground floor level between 18th December 2026 and 9th January 2027 (Linked to 26/07429/ADV)
Pending
26/07419/LBC
Installation of a telecommunications cable within a Grade II listed building to provide fibre connectivity.
Pending

View Planning Timeline

Ownership

Corporate Ownership12.5%
Overseas OwnershipNo
Lease Term Remaining108 yrs
CovenantsRestrictive
Lease TypeLeasehold
Last Ownership Change2012-08-29
SourceLand Registry

View Ownership Details

Connectivity

Broadband (Standard)

16 Mbps

Mobile 4G/5G Coverage

EEThreeO2Vodafone

EV Charger

PTAL Rating

View Connectivity Map

Area Profile

Median EarningsLocal authority£45,172

Population Density3,525 /km²

Owner Occupied16%

Age Distribution

0-15 9%16-64 80%65+ 11%

View Area Profile

Schools Nearby

University of Westminster
0.2 mi
-
Wetherby Senior School
0.2 mi
Inspected by ISI
Queen's College, London
0.3 mi
Inspected by ISI
St Vincent's Catholic Primary School
0.3 mi
Inspected as St Vincent's Catholic Primary School (URN 101143) on 23 Nov 2023

2 of 5 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.

View All Schools

Comparables

View All

Verge Apartments, 24 Dering Street
-
£3.90M
-
Verge Apartments, 24 Dering Street
-
£61.50M
-
Verge Apartments, 24 Dering Street
-
£1.12M
-
Verge Apartments, 24 Dering Street
-
£3.30M
-

Boundary data not available for this property

No registered title polygon, building footprint, or street match for this property yet.

Why: No HMLR INSPIRE / OSM footprint / OS Open USRN match for this UPRN

Source: HM Land Registry INSPIRE / OpenStreetMap / OS Open USRN