According to the public record, 314, Somerset Gardens, London is a modern leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Somerset Gardens, London, N17 is located in the borough of Haringey within the N17 postal district.
314, Somerset Gardens, London has 21 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated September 2020.
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 314 Somerset Gardens London as £224,405 and the rental value as £1,387 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 314 Somerset Gardens London has increased by £1,512 (0.7%) and its rental value has increased by £78 per month (5.6%).
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 314, Somerset Gardens, London is in very good condition we estimate a sale value of £235,625 and rental value of £1,456 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £208,697 and a rental value of £1,290 per month.
If you were able to purchase this property for the estimated value of £224,405, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,103 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, 314, Somerset Gardens, London was last sold on 18 Aug 2022 for £225,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has risen 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 314, Somerset Gardens, London within a radius of 440 metres over the last 2 years.
The most recent example is 191, Somerset Gardens, London, N17 8JX, a Leasehold flat which sold for £154,000 in Jul 2023.
Read more about house prices in N17.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerset Gardens, London, N17 has a total of 325 addresses. According to our analysis of all the public data, 314, Somerset Gardens, London is the 148th largest and the 205th most expensive property on the street.
When compared to the postcode district it is £187k less expensive than the average property in N17.
314, Somerset Gardens, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Sep 2020.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
The closest station to 314, Somerset Gardens, London is White Hart Lane 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 314, Somerset Gardens, London, 55.0% of property is privately rented and 22.5% 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 314, Somerset Gardens, London, 27.2% of residents are recorded as possessing school level qualifications and 38.9% 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 314, Somerset Gardens, London, the average age was 36.8 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 314, Somerset Gardens, 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 314, Somerset Gardens, 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.