According to the public record, 48 Cumberland House, London is a modern leasehold apartment with 871 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Cumberland House, Erebus Drive, London, SE28.
Erebus Drive, London, SE28 is located in the borough of Greenwich within the SE28 postal district.
48 Cumberland House, London has 21 entries in the Land Registry database, most recently in May 2023 and a single entry in the EPC database dated October 2018.
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 Cumberland House London as £394,731 and the rental value as £2,143 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 48 Cumberland House London has increased by £2,216 (0.6%) and its rental value has increased by £101 per month (4.7%).
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 Cumberland House, London is in very good condition we estimate a sale value of £414,468 and rental value of £2,250 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £367,100 and a rental value of £1,993 per month.
If you were able to purchase this property for the estimated value of £394,731, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,940 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 Cumberland House, London was last sold on 03 May 2023 for £228,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2023, 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 Cumberland House, London within a radius of 460 metres over the last 2 years.
The most recent example is 53 Cumberland House, Erebus Drive, London, SE28 0GE, a Leasehold flat which sold for £375,000 in Aug 2020.
Read more about house prices in SE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Erebus Drive, London, SE28 has a total of 479 addresses. According to our analysis of all the public data, 48 Cumberland House, London is the 81st largest and the 36th most expensive property on the street.
When compared to the postcode district it is £88k more expensive than the average property in SE28.
48 Cumberland House, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Oct 2018.
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 Cumberland House, London is Plumstead station which is 900 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 Cumberland House, London, 45.6% of property is privately rented and 19.4% 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 48 Cumberland House, London, 22.0% of residents are recorded as possessing school level qualifications and 48.0% 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 Cumberland House, London, the average age was 35.2 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 Cumberland House, London, 0.0% 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 Cumberland House, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.