According to the public record, 2, Mcdermott Road, London is a period freehold house with 678 ft2 of internal area and sits on a 24.3 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Mcdermott Road, London, SE15 is located in the borough of Southwark within the SE15 postal district.
2, Mcdermott Road, London has a single entry in the Land Registry database from September 2012 and a single entry in the EPC database dated November 2019.
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 Mcdermott Road London as £654,474 and the rental value as £3,047 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 2 Mcdermott Road London has increased by £22,050 (3.4%) and its rental value has increased by £196 per month (6.4%).
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 2, Mcdermott Road, London is in very good condition we estimate a sale value of £687,198 and rental value of £3,199 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £608,661 and a rental value of £2,833 per month.
If you were able to purchase this property for the estimated value of £654,474, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,217 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 data from HM Land Registry, 2, Mcdermott Road, London sits on a plot of 24m2.
According to HM Land Registry, 2, Mcdermott Road, London was last sold on 19 Sep 2012 for £250,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2012, the market for similar properties has risen 97.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mcdermott Road, London within a radius of 300 metres over the last 2 years.
The most recent example is 1 Girdlers Cottages, Choumert Road, London, SE15 4SF, a Freehold house which sold for £650,000 in Feb 2024.
Read more about house prices in SE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mcdermott Road, London, SE15 has a total of 20 addresses. According to our analysis of all the public data, 2, Mcdermott Road, London is the 18th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £132k more expensive than the average property in SE15.
2, Mcdermott Road, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Nov 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 2, Mcdermott Road, London is Peckham Rye station which is 300 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, Mcdermott Road, London, 29.2% of property is privately owned with a mortgage and 27.5% is socially rented.
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, Mcdermott Road, London, 11.9% of residents are recorded as possessing school level qualifications and 63.6% 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, Mcdermott Road, London, the average age was 35.8 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, Mcdermott Road, London, 0.5% 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, Mcdermott Road, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.