According to the public record, 48, Cherry Garden Street, London is a mid-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Cherry Garden Street, London, SE16 is located in the borough of Southwark within the SE16 postal district.
48, Cherry Garden Street, London has 2 entries in the Land Registry database, most recently in February 2021 and a single entry in the EPC database dated September 2014.
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 48 Cherry Garden Street London as £431,699 and the rental value as £2,371 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 48 Cherry Garden Street London has increased by £472 (0.1%) and its rental value has increased by £98 per month (4.1%).
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 48, Cherry Garden Street, London is in very good condition we estimate a sale value of £453,284 and rental value of £2,490 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £401,480 and a rental value of £2,205 per month.
If you were able to purchase this property for the estimated value of £431,699, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,122 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, 48, Cherry Garden Street, London was last sold on 19 Feb 2021 for £423,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2021, the market for similar properties has risen 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Cherry Garden Street, London within a radius of 380 metres over the last 2 years.
The most recent example is 53, Kirby Estate, London, SE16 2EG, a Leasehold flat which sold for £425,000 in Feb 2024.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherry Garden Street, London, SE16 has a total of 143 addresses. According to our analysis of all the public data, 48, Cherry Garden Street, London is the 44th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in SE16.
48, Cherry Garden Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Sep 2014.
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 48, Cherry Garden Street, London is Bermondsey station which is 200 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 48, Cherry Garden Street, London, 37.6% of property is socially rented and 30.4% 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 48, Cherry Garden Street, London, 12.7% of residents are recorded as possessing school level qualifications and 47.0% 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 48, Cherry Garden Street, 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 48, Cherry Garden Street, London, 3.2% 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 48, Cherry Garden Street, 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.