According to the public record, 24 Hicks House, London is a modern leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Hicks House, Frean Street, London, SE16.
Frean Street, London, SE16 is located in the borough of Southwark within the SE16 postal district.
24 Hicks House, London has 2 entries in the Land Registry database, most recently in November 2022 and a single entry in the EPC database dated February 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 24 Hicks House London as £591,790 and the rental value as £2,563 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 24 Hicks House London has decreased by £4,447 (0.8%) and its rental value has increased by £83 per month (3.2%).
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 24 Hicks House, London is in very good condition we estimate a sale value of £621,379 and rental value of £2,691 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £550,365 and a rental value of £2,383 per month.
If you were able to purchase this property for the estimated value of £591,790, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,908 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, 24 Hicks House, London was last sold on 04 Nov 2022 for £655,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2022, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24 Hicks House, London within a radius of 270 metres over the last 2 years.
The most recent example is 14 Hicks House, Frean Street, London, SE16 4AH, a Leasehold flat which sold for £639,600 in Sep 2022.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Frean Street, London, SE16 has a total of 146 addresses. According to our analysis of all the public data, 24 Hicks House, London is the 19th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £118k more expensive than the average property in SE16.
24 Hicks House, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Feb 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 24 Hicks House, London is Bermondsey station which is 400 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 24 Hicks House, London, 47.4% of property is socially rented and 27.9% is privately 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 24 Hicks House, London, 20.4% of residents are recorded as possessing school level qualifications and 59.7% 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 24 Hicks House, London, the average age was 34.7 and the most common age was 32.
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 24 Hicks House, London, 0.6% 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 24 Hicks House, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.