According to the public record, Apartment 4, 16, Melior Street, London is a modern leasehold apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in 16, Melior Street, London, SE1.
Melior Street, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Apartment 4, 16, Melior Street, London has 31 entries in the Land Registry database, most recently in September 2019 and a single entry in the EPC database dated June 2018.
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 4 16 Melior Street London as £689,279 and the rental value as £3,282 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Apartment 4 16 Melior Street London has decreased by £12,680 (1.8%) and its rental value has increased by £39 per month (1.2%).
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 4, 16, Melior Street, London is in very good condition we estimate a sale value of £723,742 and rental value of £3,446 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £641,029 and a rental value of £3,052 per month.
If you were able to purchase this property for the estimated value of £689,279, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,388 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 4, 16, Melior Street, London was last sold on 20 Sep 2019 for £730,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Sep 2019, the market for similar properties has dropped 6.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 4, 16, Melior Street, London within a radius of 320 metres over the last 2 years.
The most recent example is Apartment 2, 16, Melior Street, London, SE1 3QQ, a Leasehold flat which sold for £755,000 in Jan 2019.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Melior Street, London, SE1 has a total of 15 addresses. According to our analysis of all the public data, Apartment 4, 16, Melior Street, London is the largest and the most expensive property on the street.
When compared to the postcode district it is £41k more expensive than the average property in SE1.
Apartment 4, 16, Melior Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Jun 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 4, 16, Melior Street, London is London Bridge 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 4, 16, Melior Street, London, 43.4% of property is socially rented and 36.0% is privately rented.
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 4, 16, Melior Street, London, 55.3% of residents are recorded as possessing school level qualifications and 37.8% 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 4, 16, Melior Street, London, the average age was 35 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 4, 16, Melior Street, London, 1.0% 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 4, 16, Melior Street, London, there are an average of 0.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.