According to the public record, 45 Prospect House, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 1,113 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Prospect House, Frean Street, London, SE16.
Frean Street, London, SE16 is located in the borough of Southwark within the SE16 postal district.
45 Prospect House, London has 2 entries in the Land Registry database, most recently in May 2013 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 45 Prospect House London as £771,173 and the rental value as £3,270 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 45 Prospect House London has decreased by £6,229 (0.8%) and its rental value has increased by £103 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 45 Prospect House, London is in very good condition we estimate a sale value of £809,731 and rental value of £3,434 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £717,191 and a rental value of £3,042 per month.
If you were able to purchase this property for the estimated value of £771,173, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,790 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, 45 Prospect House, London was last sold on 10 May 2013 for £750,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2013, the market for similar properties has risen 32.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 45 Prospect House, London within a radius of 270 metres over the last 2 years.
The most recent example is Flat 11, Queens Court 2, Old Jamaica Road, London, SE16 4ER, a Leasehold flat which sold for £740,000 in Jan 2023.
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, 45 Prospect House, London is the largest and the most expensive property on the street.
When compared to the postcode district it is £298k more expensive than the average property in SE16.
The closest station to 45 Prospect House, London is Bermondsey 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 45 Prospect 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 45 Prospect 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 45 Prospect 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 45 Prospect 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 45 Prospect 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.