According to the public record, 70, Red Lion Lane, London is a mid-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Red Lion Lane, London, SE18 is located in the borough of Greenwich within the SE18 postal district.
70, Red Lion Lane, London has 31 entries in the Land Registry database, most recently in January 2017 and a single entry in the EPC database dated May 2016.
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 70 Red Lion Lane London as £289,410 and the rental value as £1,694 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 70 Red Lion Lane London has increased by £5,145 (1.8%) and its rental value has increased by £106 per month (6.2%).
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 70, Red Lion Lane, London is in very good condition we estimate a sale value of £303,881 and rental value of £1,779 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,152 and a rental value of £1,576 per month.
If you were able to purchase this property for the estimated value of £289,410, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,422 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, 70, Red Lion Lane, London was last sold on 19 Jan 2017 for £285,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2017, the market for similar properties has risen 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 70, Red Lion Lane, London within a radius of 570 metres over the last 2 years.
The most recent example is 6, Ankerdine Crescent, London, SE18 3LQ, a Leasehold flat which sold for £315,000 in Sep 2023.
Read more about house prices in SE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Red Lion Lane, London, SE18 has a total of 137 addresses. According to our analysis of all the public data, 70, Red Lion Lane, London is the 116th largest and the 109th most expensive property on the street.
When compared to the postcode district it is £77k less expensive than the average property in SE18.
70, Red Lion Lane, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 May 2016.
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 70, Red Lion Lane, London is Falconwood station which is 1.9 kilometres 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 70, Red Lion Lane, London, 40.0% of property is socially rented and 27.7% 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 70, Red Lion Lane, London, 15.1% of residents are recorded as possessing school level qualifications and 40.2% 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 70, Red Lion Lane, London, the average age was 39 and the most common age was 42.
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 70, Red Lion Lane, 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 70, Red Lion Lane, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.