According to the public record, Apartment 4, Hanover House 1, London is a modern leasehold apartment with 387 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Hanover House, Orchard Road, London, SE18.
Orchard Road, London, SE18 is located in the borough of Greenwich within the SE18 postal district.
Apartment 4, Hanover House 1, London has a single entry in the Land Registry database from July 2022 and a single entry in the EPC database dated July 2020.
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 Hanover House 1 London as £232,463 and the rental value as £1,394 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Apartment 4 Hanover House 1 London has increased by £5,783 (2.5%) and its rental value has increased by £96 per month (6.9%).
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 4, Hanover House 1, London is in very good condition we estimate a sale value of £244,086 and rental value of £1,463 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £216,191 and a rental value of £1,296 per month.
If you were able to purchase this property for the estimated value of £232,463, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,142 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, Hanover House 1, London was last sold on 29 Jul 2022 for £240,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Apartment 4, Hanover House 1, London within a radius of 380 metres over the last 2 years.
The most recent example is 69A, Plumstead High Street, London, SE18 1SB, a Leasehold flat which sold for £90,000 in Feb 2010.
Read more about house prices in SE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Orchard Road, London, SE18 has a total of 52 addresses. According to our analysis of all the public data, Apartment 4, Hanover House 1, London is the 38th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £134k less expensive than the average property in SE18.
Apartment 4, Hanover House 1, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jul 2020.
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 4, Hanover House 1, London is Plumstead 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 Apartment 4, Hanover House 1, London, 42.4% of property is privately rented and 29.8% is socially 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, Hanover House 1, London, 25.4% of residents are recorded as possessing school level qualifications and 28.1% 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, Hanover House 1, London, the average age was 35.8 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 Apartment 4, Hanover House 1, 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 4, Hanover House 1, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.