As updated by Saint Andrews Bureau in Jul 2021, Apartment 306, East Block, London is a modern 970 year lease apartment with 602 ft2 of internal area comprising 2 bedrooms .
There are 970 years remaining on the lease.
The apartment is in East Block, Forum Magnum Square, London, SE1.
Forum Magnum Square, London, SE1 is located in the borough of Lambeth within the SE1 postal district.
Based on both the data supplied by Saint Andrews Bureau and the public information available in the area, we estimate the current sale value for Apartment 306 East Block London as £635,727 and the rental value as £2,719 per month giving an expected gross yield of 5.1%.
Saint Andrews Bureau described the decorative condition as fair in Jul 2021.
Over the last 12 months the sale value of Apartment 306 East Block London has increased by £5,800 (0.9%) and its rental value has increased by £128 per month (4.7%).
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 306, East Block, London is in very good condition we estimate a sale value of £667,513 and rental value of £2,855 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £591,226 and a rental value of £2,529 per month.
If you were able to purchase this property for the estimated value of £635,727, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,124 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 306, East Block, London was last sold on 19 Dec 2007 for £450,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Dec 2007, the market for similar properties has risen 59.7%
According to Saint Andrews Bureau , Apartment 306, East Block, London was let once since 2021 with the latest being in Jul 2021 for an undisclosed price.
Since Jul 2021, the market values of similar properties has risen 39.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 306, East Block, London within a radius of 410 metres over the last 2 years.
The most recent example is Flat 131, North Block 1D, Belvedere Road, London, SE1 7GH, a Leasehold flat which sold for £500,000 in Aug 2023.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets of properties similar to Apartment 306, East Block, London within a radius of 410 metres over the last 2 years.
Most recently Flat 162, North Block 1D, Belvedere Road, London, SE1 7GH, a Leasehold flat let by Saint Andrews Bureau in May 2021.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forum Magnum Square, London, SE1 has a total of 171 addresses. According to our analysis of all the public data, Apartment 306, East Block, London is the 88th largest and the 88th most expensive property on the street.
When compared to the postcode district it is £12k less expensive than the average property in SE1.
Apartment 306, East Block, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Feb 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Apartment 306, East Block, London is Waterloo station which is 300 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 306, East Block, London, 66.9% of property is privately rented and 17.3% 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 Apartment 306, East Block, London, 26.7% of residents are recorded as possessing school level qualifications and 79.4% 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 306, East Block, London, the average age was 35.7 and the most common age was 22.
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 306, East Block, London, 1.3% 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 306, East Block, 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.