According to the public record, 8, Timber Pond Road, London is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Timber Pond Road, London, SE16 is located in the borough of Southwark within the SE16 postal district.
8, Timber Pond Road, London has 2 entries in the Land Registry database, most recently in June 2022 and a single entry in the EPC database dated July 2014.
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 8 Timber Pond Road London as £350,332 and the rental value as £1,997 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of 8 Timber Pond Road London has increased by £979 (0.3%) and its rental value has increased by £82 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 8, Timber Pond Road, London is in very good condition we estimate a sale value of £367,849 and rental value of £2,097 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,809 and a rental value of £1,858 per month.
If you were able to purchase this property for the estimated value of £350,332, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,722 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, 8, Timber Pond Road, London was last sold on 24 Jun 2022 for £372,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2022, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Timber Pond Road, London within a radius of 400 metres over the last 2 years.
The most recent example is Flat 2, Baltic Court, Archangel Street, London, SE16 6AB, a Leasehold flat which sold for £325,000 in Dec 2023.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Timber Pond Road, London, SE16 has a total of 60 addresses. According to our analysis of all the public data, 8, Timber Pond Road, London is the 43rd largest and the 58th most expensive property on the street.
When compared to the postcode district it is £123k less expensive than the average property in SE16.
8, Timber Pond Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jul 2014.
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 8, Timber Pond Road, London is Rotherhithe 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 8, Timber Pond Road, London, 40.4% of property is privately rented and 20.2% 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 8, Timber Pond Road, London, 18.5% of residents are recorded as possessing school level qualifications and 63.9% 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 8, Timber Pond Road, London, the average age was 35.9 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 8, Timber Pond Road, London, 1.5% 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 8, Timber Pond Road, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.