According to the public record, 488, Rotherhithe Street, London is a mid-century leasehold apartment with 455 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Rotherhithe Street, London, SE16 is located in the borough of Southwark within the SE16 postal district.
488, Rotherhithe Street, London has 31 entries in the Land Registry database, most recently in April 2016 and a single entry in the EPC database dated May 2011.
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 488 Rotherhithe Street London as £325,373 and the rental value as £1,764 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 488 Rotherhithe Street London has increased by £2,581 (0.8%) and its rental value has increased by £71 per month (4.0%).
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 488, Rotherhithe Street, London is in very good condition we estimate a sale value of £341,641 and rental value of £1,852 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £302,597 and a rental value of £1,640 per month.
If you were able to purchase this property for the estimated value of £325,373, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,599 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, 488, Rotherhithe Street, London was last sold on 06 Apr 2016 for £340,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Apr 2016, the market for similar properties has dropped 6.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 488, Rotherhithe Street, London within a radius of 410 metres over the last 2 years.
The most recent example is 19, William Square, London, SE16 5XJ, a Leasehold flat which sold for £335,000 in Aug 2021.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 410 metres radius of 488, Rotherhithe Street, London over the last 2 years.
Most recently 94, Acorn Walk, London, SE16 5DX, a Leasehold flat let by Saint Andrews Bureau in Sep 2021.
Rotherhithe Street, London, SE16 has a total of 1516 addresses. According to our analysis of all the public data, 488, Rotherhithe Street, London is the 1421st largest and the 1458th most expensive property on the street.
When compared to the postcode district it is £148k less expensive than the average property in SE16.
488, Rotherhithe Street, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 26 May 2011.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to 488, Rotherhithe Street, London is Limehouse station which is 600 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 488, Rotherhithe Street, London, 40.7% of property is privately rented and 31.1% 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 488, Rotherhithe Street, London, 15.4% of residents are recorded as possessing school level qualifications and 63.5% 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 488, Rotherhithe Street, London, the average age was 35.9 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 488, Rotherhithe Street, 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 488, Rotherhithe Street, 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.