According to the public record, 48, Millpond Estate, London is a mid-century leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Millpond Estate, London, SE16 is located in the borough of Southwark within the SE16 postal district.
48, Millpond Estate, London has 3 entries in the Land Registry database, most recently in January 2014 and a single entry in the EPC database dated June 2021.
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 Millpond Estate London as £366,174 and the rental value as £2,075 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 48 Millpond Estate London has increased by £2,118 (0.6%) and its rental value has increased by £92 per month (4.5%).
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, Millpond Estate, London is in very good condition we estimate a sale value of £384,482 and rental value of £2,179 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £340,541 and a rental value of £1,930 per month.
If you were able to purchase this property for the estimated value of £366,174, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,800 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, Millpond Estate, London was last sold on 13 Jan 2014 for £351,250 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2014, the market for similar properties has risen 21.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Millpond Estate, London within a radius of 390 metres over the last 2 years.
The most recent example is 129, New Place Square, London, SE16 2HR, a Leasehold flat which sold for £315,000 in Jun 2024.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Millpond Estate, London, SE16 has a total of 76 addresses. According to our analysis of all the public data, 48, Millpond Estate, London is the 72nd largest and the 69th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in SE16.
48, Millpond Estate, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Jun 2021.
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, Millpond Estate, 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 48, Millpond Estate, London, 33.3% of property is socially rented and 28.7% 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, Millpond Estate, London, 20.8% of residents are recorded as possessing school level qualifications and 54.8% 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 48, Millpond Estate, London, the average age was 34.1 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 48, Millpond Estate, 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 48, Millpond Estate, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.