According to the public record, 2, Empire Square West, London is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Empire Square West, London, SE1 is located in the borough of Southwark within the SE1 postal district.
2, Empire Square West, London has a single entry in the Land Registry database from September 2006 and a single entry in the EPC database dated February 2021.
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 2 Empire Square West London as £409,178 and the rental value as £2,008 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 2 Empire Square West London has decreased by £928 (0.2%) and its rental value has increased by £55 per month (2.7%).
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 2, Empire Square West, London is in very good condition we estimate a sale value of £429,637 and rental value of £2,109 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £380,535 and a rental value of £1,868 per month.
If you were able to purchase this property for the estimated value of £409,178, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,011 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, 2, Empire Square West, London was last sold on 28 Sep 2006 for £197,933 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Empire Square West, London within a radius of 240 metres over the last 2 years.
The most recent example is Flat 10, Quastel House 32, Long Lane, London, SE1 4AY, a Leasehold flat which sold for £470,000 in Nov 2023.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 240 metres radius of 2, Empire Square West, London over the last 2 years.
Most recently Flat 89, Ratcliffe Court, Great Dover Street, London, SE1 4LD, a Leasehold flat let by Saint Andrews Bureau in Dec 2023.
Empire Square West, London, SE1 has a total of 271 addresses. According to our analysis of all the public data, 2, Empire Square West, London is the 249th largest and the 180th most expensive property on the street.
When compared to the postcode district it is £239k less expensive than the average property in SE1.
2, Empire Square West, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Feb 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 2, Empire Square West, London is Borough station which is 200 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 2, Empire Square West, London, 35.9% of property is socially rented and 28.2% is shared ownership.
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 2, Empire Square West, London, 22.5% of residents are recorded as possessing school level qualifications and 60.1% 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 2, Empire Square West, 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 2, Empire Square West, London, 0.0% 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 2, Empire Square West, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.