According to the public record, 78, Somerford Grove Estate, London is a mid-century apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Somerford Grove Estate, London, N16 is located in the borough of Hackney within the N16 postal district.
78, Somerford Grove Estate, London has no records in the Land Registry database and 2 entries in the EPC database, most recently in August 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 78 Somerford Grove Estate London as £372,927 and the rental value as £1,990 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 78 Somerford Grove Estate London has increased by £5,331 (1.4%) and its rental value has increased by £129 per month (6.5%).
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 78, Somerford Grove Estate, London is in very good condition we estimate a sale value of £391,573 and rental value of £2,090 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £346,822 and a rental value of £1,851 per month.
If you were able to purchase this property for the estimated value of £372,927, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,833 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 78, Somerford Grove Estate, London within a radius of 66m over the last 2 years.
The most recent example is 41A, Somerford Grove Estate, London, N16 7TJ, a Leasehold flat which sold for £378,000 in Oct 2016.
Read more about house prices in N16.
Somerford Grove Estate, London, N16 has a total of 140 addresses. According to our analysis of all the public data, 78, Somerford Grove Estate, London is the 102nd largest and the 118th most expensive property on the street.
When compared to the postcode district it is £293k less expensive than the average property in N16.
78, Somerford Grove Estate, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Aug 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 78, Somerford Grove Estate, London is Rectory Road station which is 600 m 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 78, Somerford Grove Estate, London, 53.2% of property is socially rented and 25.2% 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 78, Somerford Grove Estate, London, 14.8% of residents are recorded as possessing school level qualifications and 52.9% 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 78, Somerford Grove Estate, London, the average age was 35.9 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 78, Somerford Grove Estate, London, 1.0% 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 78, Somerford Grove 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.