According to the public record, 563 Milford Towers, London is a mid-century leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Milford Towers, Thomas Lane, London, SE6.
Thomas Lane, London, SE6 is located in the borough of Lewisham within the SE6 postal district.
563 Milford Towers, London has 2 entries in the Land Registry database, most recently in March 2013 and a single entry in the EPC database dated May 2023.
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 563 Milford Towers London as £209,301 and the rental value as £1,175 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 563 Milford Towers London has increased by £5,382 (2.6%) and its rental value has increased by £81 per month (6.9%).
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 563 Milford Towers, London is in very good condition we estimate a sale value of £219,766 and rental value of £1,234 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £194,650 and a rental value of £1,093 per month.
If you were able to purchase this property for the estimated value of £209,301, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,029 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, 563 Milford Towers, London was last sold on 19 Mar 2013 for £115,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2013, the market for similar properties has risen 77.1%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 563 Milford Towers, London within a radius of 340 metres over the last 2 years.
The most recent example is 4 Hamlet Court, Hamlet Close, London, SE6 4BF, a Leasehold flat which sold for £190,125 in Sep 2020.
Read more about house prices in SE6.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Thomas Lane, London, SE6 has a total of 276 addresses. According to our analysis of all the public data, 563 Milford Towers, London is the 41st largest and the 41st most expensive property on the street.
When compared to the postcode district it is £231k less expensive than the average property in SE6.
563 Milford Towers, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 May 2023.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 563 Milford Towers, London is Catford Bridge 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 563 Milford Towers, London, 70.6% of property is socially rented and 26.1% 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 563 Milford Towers, London, 30.9% of residents are recorded as possessing school level qualifications and 27.0% 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 563 Milford Towers, London, the average age was 35.5 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 563 Milford Towers, 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 563 Milford Towers, 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.