According to the public record, 178, Simms Road, London is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 774 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Simms Road, London, SE1 is located in the borough of Southwark within the SE1 postal district.
178, Simms Road, London has a single entry in the Land Registry database from December 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 178 Simms Road London as £617,701 and the rental value as £3,070 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 178 Simms Road London has decreased by £388 (0.1%) and its rental value has increased by £104 per month (3.4%).
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 178, Simms Road, London is in very good condition we estimate a sale value of £648,586 and rental value of £3,223 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £574,461 and a rental value of £2,855 per month.
If you were able to purchase this property for the estimated value of £617,701, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,036 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, 178, Simms Road, London was last sold on 19 Dec 2007 for £295,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2007, the market for similar properties has risen 83.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 178, Simms Road, London within a radius of 340 metres over the last 2 years.
The most recent example is 6, Strathnairn Street, London, SE1 5BL, a Freehold house which sold for £690,000 in Mar 2023.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Simms Road, London, SE1 has a total of 64 addresses. According to our analysis of all the public data, 178, Simms Road, London is the 25th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £30k less expensive than the average property in SE1.
The closest station to 178, Simms Road, London is Bermondsey station which is 900 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 178, Simms Road, London, 27.9% of property is privately owned outright and 25.7% is privately owned with a mortgage.
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 178, Simms Road, London, 14.5% of residents are recorded as possessing school level qualifications and 52.3% 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 178, Simms Road, London, the average age was 34.9 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 178, Simms Road, London, 1.3% 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 178, Simms Road, 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.