According to the public record, 53, Albion Estate, London is a mid-century leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Albion Estate, London, SE16 is located in the borough of Southwark within the SE16 postal district.
53, Albion Estate, London has 21 entries in the Land Registry database, most recently in February 2007 and a single entry in the EPC database dated February 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 53 Albion Estate London as £343,732 and the rental value as £1,951 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 53 Albion Estate London has increased by £1,783 (0.5%) and its rental value has increased by £84 per month (4.3%).
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 53, Albion Estate, London is in very good condition we estimate a sale value of £360,918 and rental value of £2,048 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £319,670 and a rental value of £1,814 per month.
If you were able to purchase this property for the estimated value of £343,732, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,689 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, 53, Albion Estate, London was last sold on 02 Feb 2007 for £190,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2007, the market for similar properties has risen 61.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 53, Albion Estate, London within a radius of 240 metres over the last 2 years.
The most recent example is Flat 24, Larch House, Ainsty Estate, London, SE16 7DH, a Leasehold flat which sold for £415,000 in May 2023.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albion Estate, London, SE16 has a total of 69 addresses. According to our analysis of all the public data, 53, Albion Estate, London is the 12th largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £130k less expensive than the average property in SE16.
53, Albion Estate, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Feb 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 53, Albion Estate, London is Canada Water 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 53, Albion Estate, London, 39.9% of property is privately rented and 24.6% is shared ownership.
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 53, Albion Estate, London, 11.8% of residents are recorded as possessing school level qualifications and 55.7% 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 53, Albion 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 53, Albion Estate, London, 1.9% 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 53, Albion Estate, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.