According to the public record, Apartment 59, 1, New Tannery Way, London is a modern leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 1, New Tannery Way, London, SE1.
New Tannery Way, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Apartment 59, 1, New Tannery Way, London has a single entry in the Land Registry database from November 2021 and a single entry in the EPC database dated October 2021.
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 good condition, we estimate the current sale value for Apartment 59 1 New Tannery Way London as £573,826 and the rental value as £2,691 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Apartment 59 1 New Tannery Way London has decreased by £6,154 (1.1%) and its rental value has increased by £54 per month (2.0%).
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 59, 1, New Tannery Way, London is in very good condition we estimate a sale value of £602,518 and rental value of £2,825 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £533,658 and a rental value of £2,502 per month.
If you were able to purchase this property for the estimated value of £573,826, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,820 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 59, 1, New Tannery Way, London was last sold on 11 Nov 2021 for £589,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2021, the market for similar properties has dropped 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 59, 1, New Tannery Way, London within a radius of 220 metres over the last 2 years.
The most recent example is Apartment 53, 1, New Tannery Way, London, SE1 5WS, a Leasehold flat which sold for £583,100 in Mar 2022.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Tannery Way, London, SE1 has a total of 249 addresses. According to our analysis of all the public data, Apartment 59, 1, New Tannery Way, London is the 204th largest and the 210th most expensive property on the street.
When compared to the postcode district it is £74k less expensive than the average property in SE1.
Apartment 59, 1, New Tannery Way, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Oct 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Apartment 59, 1, New Tannery Way, London is Bermondsey station which is 1.1 kilometres 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 59, 1, New Tannery Way, London, 59.7% of property is privately rented and 17.3% 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 59, 1, New Tannery Way, London, 15.5% of residents are recorded as possessing school level qualifications and 76.8% 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 59, 1, New Tannery Way, 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 59, 1, New Tannery Way, London, 2.9% 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 59, 1, New Tannery Way, 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.