According to the public record, 8A, Somerset Gardens, London is a period leasehold apartment with 505 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 8, Somerset Gardens, London, SE13.
Somerset Gardens, London, SE13 is located in the borough of Lewisham within the SE13 postal district.
8A, Somerset Gardens, London has 2 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated March 2017.
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 8A Somerset Gardens London as £399,373 and the rental value as £1,848 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 8A Somerset Gardens London has increased by £7,560 (1.9%) and its rental value has increased by £104 per month (5.6%).
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 8A, Somerset Gardens, London is in very good condition we estimate a sale value of £419,342 and rental value of £1,940 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,417 and a rental value of £1,719 per month.
If you were able to purchase this property for the estimated value of £399,373, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,963 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, 8A, Somerset Gardens, London was last sold on 12 Mar 2021 for £426,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2021, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8A, Somerset Gardens, London within a radius of 330 metres over the last 2 years.
The most recent example is 41B , Loampit Hill, London, SE13 7SZ, a Leasehold flat which sold for £475,000 in Jun 2024.
Read more about house prices in SE13.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerset Gardens, London, SE13 has a total of 36 addresses. According to our analysis of all the public data, 8A, Somerset Gardens, London is the 31st largest and the 28th most expensive property on the street.
When compared to the postcode district it is £83k less expensive than the average property in SE13.
8A, Somerset Gardens, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 07 Mar 2017.
The property is connected to mains gas and has full secondary glazing. It is heated using a boiler and radiators.
The closest station to 8A, Somerset Gardens, London is Elverson Road station which is 200 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 8A, Somerset Gardens, London, 33.3% of property is privately rented and 26.7% 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 8A, Somerset Gardens, London, 25.1% of residents are recorded as possessing school level qualifications and 57.6% 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 8A, Somerset Gardens, London, the average age was 37.2 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 8A, Somerset Gardens, London, 2.7% 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 8A, Somerset Gardens, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.