According to the public record, 2A, Redcross Way, London is a modern Leasehold apartment with 678 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Redcross Way, London, SE1.
Redcross Way, London, SE1 is located in the borough of Southwark within the SE1 postal district.
2A, Redcross Way, London has 21 entries in the Land Registry database, most recently in August 2010 and a single entry in the EPC database dated November 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 2A Redcross Way London as £1,450,684 and the rental value as £4,175 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 2A Redcross Way London has decreased by £13,381 (0.9%) and its rental value has increased by £97 per month (2.3%).
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 2A, Redcross Way, London is in very good condition we estimate a sale value of £1,523,218 and rental value of £4,384 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,349,136 and a rental value of £3,883 per month.
If you were able to purchase this property for the estimated value of £1,450,684, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £7,130 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, 2A, Redcross Way, London was last sold on 18 Aug 2010 for £610,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2010, the market for similar properties has risen 42.8%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 400 metres radius of 2A, Redcross Way, London over the last 2 years.
The most recent example is 23, Park Street, London, SE1 9EQ, a Freehold house which sold for £3,000,000 in Mar 2016.
Read more about house prices in SE1.
Redcross Way, London, SE1 has a total of 118 addresses. According to our analysis of all the public data, 2A, Redcross Way, London is the 42nd largest and the 4th most expensive property on the street.
When compared to the postcode district it is £803k more expensive than the average property in SE1.
2A, Redcross Way, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Nov 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and underfloor heating.
The closest station to 2A, Redcross Way, London is Borough station which is 400 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 2A, Redcross Way, London, 66.3% of property is privately rented and 13.6% is privately owned outright.
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 2A, Redcross Way, London, 10.3% of residents are recorded as possessing school level qualifications and 80.0% 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 2A, Redcross Way, London, the average age was 34.4 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 2A, Redcross Way, London, 4.1% 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 2A, Redcross Way, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.