According to the public record, 505, Madison Apartments 5-27, London is a modern leasehold apartment with 725 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Madison Apartments, Long Lane, London, SE1.
Long Lane, London, SE1 is located in the borough of Southwark within the SE1 postal district.
505, Madison Apartments 5-27, London has 21 entries in the Land Registry database, most recently in August 2015 and a single entry in the EPC database dated November 2008.
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 505 Madison Apartments 5-27 London as £605,548 and the rental value as £2,741 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 505 Madison Apartments 5-27 London has decreased by £6,194 (1.0%) and its rental value has increased by £52 per month (1.9%).
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 505, Madison Apartments 5-27, London is in very good condition we estimate a sale value of £635,826 and rental value of £2,878 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £563,160 and a rental value of £2,549 per month.
If you were able to purchase this property for the estimated value of £605,548, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,976 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, 505, Madison Apartments 5-27, London was last sold on 28 Aug 2015 for £625,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2015, the market for similar properties has dropped 8.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 505, Madison Apartments 5-27, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 11, Kittiwake Court 4, Great Dover Street, London, SE1 4XR, a Leasehold flat which sold for £620,000 in Jun 2024.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 260 metres radius of 505, Madison Apartments 5-27, London over the last 2 years.
Most recently Flat 89, Ratcliffe Court, Great Dover Street, London, SE1 4LD, a Leasehold flat let by Saint Andrews Bureau in Dec 2023.
Long Lane, London, SE1 has a total of 671 addresses. According to our analysis of all the public data, 505, Madison Apartments 5-27, London is the 256th largest and the 227th most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in SE1.
505, Madison Apartments 5-27, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Nov 2008.
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 505, Madison Apartments 5-27, London is Borough station which is 100 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 505, Madison Apartments 5-27, London, 36.9% of property is privately owned outright and 30.0% 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 505, Madison Apartments 5-27, London, 14.8% of residents are recorded as possessing school level qualifications and 37.9% 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 505, Madison Apartments 5-27, London, the average age was 34.4 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 505, Madison Apartments 5-27, London, 1.6% 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 505, Madison Apartments 5-27, London, there are an average of 1.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.