According to the public record, Apartment 23, Somerville Point 305, London is a modern leasehold apartment with 871 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Somerville Point, Rotherhithe Street, London, SE16.
Rotherhithe Street, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Apartment 23, Somerville Point 305, London has 31 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated January 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 Apartment 23 Somerville Point 305 London as £590,310 and the rental value as £2,764 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Apartment 23 Somerville Point 305 London has increased by £9,199 (1.6%) and its rental value has increased by £135 per month (4.9%).
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 Apartment 23, Somerville Point 305, London is in very good condition we estimate a sale value of £619,825 and rental value of £2,902 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £548,988 and a rental value of £2,570 per month.
If you were able to purchase this property for the estimated value of £590,310, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,901 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, Apartment 23, Somerville Point 305, London was last sold on 24 Jun 2021 for £585,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has risen 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 23, Somerville Point 305, London within a radius of 420 metres over the last 2 years.
The most recent example is Apartment 4, Somerville Point 305, Rotherhithe Street, London, SE16 5EQ, a Leasehold flat which sold for £640,000 in Feb 2024.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rotherhithe Street, London, SE16 has a total of 1516 addresses. According to our analysis of all the public data, Apartment 23, Somerville Point 305, London is the 439th largest and the 469th most expensive property on the street.
When compared to the postcode district it is £117k more expensive than the average property in SE16.
Apartment 23, Somerville Point 305, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Jan 2017.
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 Apartment 23, Somerville Point 305, London is Heron Quays station which is 900 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 Apartment 23, Somerville Point 305, London, 47.6% of property is privately rented and 24.1% 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 Apartment 23, Somerville Point 305, London, 14.5% of residents are recorded as possessing school level qualifications and 65.8% 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 Apartment 23, Somerville Point 305, London, the average age was 34.7 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 Apartment 23, Somerville Point 305, London, 0.0% 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 Apartment 23, Somerville Point 305, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.