According to the public record, 7, Onega Gate, London is a modern leasehold apartment with 957 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Onega Gate, London, SE16 is located in the borough of Southwark within the SE16 postal district.
7, Onega Gate, London has 41 entries in the Land Registry database, most recently in March 2023 and a single entry in the EPC database dated April 2022.
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 7 Onega Gate London as £526,174 and the rental value as £2,906 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 7 Onega Gate London has increased by £11,647 (2.2%) and its rental value has increased by £174 per month (6.0%).
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 7, Onega Gate, London is in very good condition we estimate a sale value of £552,483 and rental value of £3,051 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £489,342 and a rental value of £2,702 per month.
If you were able to purchase this property for the estimated value of £526,174, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,586 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, 7, Onega Gate, London was last sold on 17 Mar 2023 for £495,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Mar 2023, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Onega Gate, London within a radius of 350 metres over the last 2 years.
The most recent example is 60, Plover Way, London, SE16 7TT, a Leasehold flat which sold for £620,000 in Apr 2024.
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 350 metres radius of 7, Onega Gate, London over the last 2 years.
Most recently 44, Greenland Quay, London, SE16 7RW, a Freehold house let by Saint Andrews Bureau in May 2023.
Onega Gate, London, SE16 has a total of 22 addresses. According to our analysis of all the public data, 7, Onega Gate, London is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £53k more expensive than the average property in SE16.
7, Onega Gate, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 10 Apr 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric ceiling heating.
The closest station to 7, Onega Gate, London is Surrey Quays station which is 700 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 7, Onega Gate, London, 48.7% of property is privately rented and 35.4% 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 7, Onega Gate, London, 14.3% of residents are recorded as possessing school level qualifications and 84.7% 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 7, Onega Gate, London, the average age was 34.7 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 7, Onega Gate, 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 7, Onega Gate, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.