According to the public record, 5, Gorman Road, London is a mid-century apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Gorman Road, London, SE18 is located in the borough of Greenwich within the SE18 postal district.
5, Gorman Road, London has no records in the Land Registry database and a single entry in the EPC database dated August 2019.
We combine this information with public data 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 5 Gorman Road London as £230,633 and the rental value as £1,413 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 5 Gorman Road London has increased by £6,842 (3.0%) and its rental value has increased by £99 per month (7.0%).
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 5, Gorman Road, London is in very good condition we estimate a sale value of £242,165 and rental value of £1,483 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £214,489 and a rental value of £1,314 per month.
If you were able to purchase this property for the estimated value of £230,633, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,133 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Gorman Road, London within a radius of 330 metres over the last 2 years.
The most recent example is 8, Gorman Road, London, SE18 5SA, a Leasehold flat which sold for £237,500 in Oct 2022.
Read more about house prices in SE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorman Road, London, SE18 has a total of 74 addresses. According to our analysis of all the public data, 5, Gorman Road, London is the 63rd largest and the 58th most expensive property on the street.
When compared to the postcode district it is £136k less expensive than the average property in SE18.
5, Gorman Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Aug 2019.
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 5, Gorman Road, London is Woolwich Dockyard 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 5, Gorman Road, London, 80.3% of property is socially rented and 8.7% 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 5, Gorman Road, London, 20.7% of residents are recorded as possessing school level qualifications and 36.7% 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 5, Gorman Road, 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 5, Gorman Road, 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 5, Gorman Road, 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.