According to the public record, 41 New Concordia Wharf, London is a period leasehold apartment with 1,700 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in New Concordia Wharf, Mill Street, London, SE1.
Mill Street, London, SE1 is located in the borough of Southwark within the SE1 postal district.
41 New Concordia Wharf, London has 41 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated May 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 41 New Concordia Wharf London as £1,626,839 and the rental value as £5,403 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 41 New Concordia Wharf London has decreased by £26,454 (1.6%) and its rental value has increased by £103 per month (1.9%).
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 41 New Concordia Wharf, London is in very good condition we estimate a sale value of £1,708,181 and rental value of £5,673 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,512,961 and a rental value of £5,025 per month.
If you were able to purchase this property for the estimated value of £1,626,839, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £7,995 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, 41 New Concordia Wharf, London was last sold on 22 Aug 2022 for £1,888,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 4.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41 New Concordia Wharf, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 48, St. Saviours Wharf 25, Mill Street, London, SE1 2BE, a Leasehold flat which sold for £1,165,000 in Jan 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 220 metres radius of 41 New Concordia Wharf, London over the last 2 years.
Most recently Flat 506, Ginger Apartments 1, Cayenne Court, London, SE1 2PA, a Leasehold flat let by Saint Andrews Bureau in Jun 2023.
Mill Street, London, SE1 has a total of 456 addresses. According to our analysis of all the public data, 41 New Concordia Wharf, London is the 73rd largest and the 20th most expensive property on the street.
When compared to the postcode district it is £979k more expensive than the average property in SE1.
41 New Concordia Wharf, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 May 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 41 New Concordia Wharf, London is Bermondsey station which is 700 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 41 New Concordia Wharf, London, 55.3% of property is privately rented and 22.4% 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 41 New Concordia Wharf, London, 3.4% of residents are recorded as possessing school level qualifications and 87.8% 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 41 New Concordia Wharf, 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 41 New Concordia Wharf, 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 41 New Concordia Wharf, 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.