According to the public record, 73, West Lane, London is a modern apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
West Lane, London, SE16 is located in the borough of Southwark within the SE16 postal district.
73, West Lane, London has no recent1 records in the Land Registry database and a single entry in the EPC database dated September 2023.
We combine this information with public data 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 73 West Lane London as £422,498 and the rental value as £2,252 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 73 West Lane London has increased by £462 (0.1%) and its rental value has increased by £93 per month (4.1%).
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 73, West Lane, London is in very good condition we estimate a sale value of £443,622 and rental value of £2,365 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,923 and a rental value of £2,094 per month.
If you were able to purchase this property for the estimated value of £422,498, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,076 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, 73, West Lane, London was last sold on 13 Feb 2004 for £160,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 73, West Lane, London within a radius of 390 metres over the last 2 years.
The most recent example is 47, Millpond Estate, London, SE16 4LZ, a Leasehold flat which sold for £417,500 in Feb 2023.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
West Lane, London, SE16 has a total of 53 addresses. According to our analysis of all the public data, 73, West Lane, London is the 21st largest and the 16th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in SE16.
73, West Lane, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Sep 2023.
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 73, West Lane, London is Bermondsey 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 73, West Lane, London, 37.6% of property is socially rented and 30.4% 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 73, West Lane, London, 12.7% of residents are recorded as possessing school level qualifications and 47.0% 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 73, West Lane, London, the average age was 34.7 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 73, West Lane, London, 3.2% 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 73, West Lane, 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.