According to the public record, 124, Providence Square, London is a modern leasehold apartment with 1,044 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 124, Providence Square, London, SE1.
Providence Square, London, SE1 is located in the borough of Southwark within the SE1 postal district.
124, Providence Square, London has 31 entries in the Land Registry database, most recently in February 2023 and a single entry in the EPC database dated September 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 124 Providence Square London as £951,801 and the rental value as £3,667 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 124 Providence Square London has decreased by £13,085 (1.4%) and its rental value has increased by £79 per month (2.2%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 124, Providence Square, London is in very good condition we estimate a sale value of £999,391 and rental value of £3,850 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £885,175 and a rental value of £3,410 per month.
If you were able to purchase this property for the estimated value of £951,801, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,678 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 124, Providence Square, London was last sold on 22 Feb 2023 for £962,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2023, the market for similar properties has dropped 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 124, Providence Square, London within a radius of 270 metres over the last 2 years.
The most recent example is 118, Providence Square, London, SE1 2ED, a Leasehold flat which sold for £855,000 in Apr 2024.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Providence Square, London, SE1 has a total of 226 addresses. According to our analysis of all the public data, 124, Providence Square, London is the 28th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £304k more expensive than the average property in SE1.
124, Providence Square, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Sep 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an electric boiler and radiators.
The closest station to 124, Providence Square, London is Bermondsey station which is 500 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 124, Providence Square, London, 54.3% of property is privately rented and 21.8% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 124, Providence Square, London, 9.7% of residents are recorded as possessing school level qualifications and 82.2% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 124, Providence Square, London, the average age was 34.4 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 124, Providence Square, London, 3.7% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 124, Providence Square, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.