As updated by London Property Management in Aug 2022, Apartment 59, Faraday House, London is a modern 989 year lease studio apartment with 418 ft2 of internal area with a balcony.
There are 989 years remaining on the lease.
The apartment is in Faraday House, Aurora Gardens, London, SW11.
Aurora Gardens, London, SW11 is located in the borough of Wandsworth within the SW11 postal district.
Based on both the data supplied by London Property Management and the public information available in the area, we estimate the current sale value for Apartment 59 Faraday House London as £488,436 and the rental value as £2,168 per month giving an expected gross yield of 5.3%.
London Property Management described the decorative condition as fair in Aug 2022.
Over the last 12 months the sale value of Apartment 59 Faraday House London has increased by £5,294 (1.1%) and its rental value has increased by £135 per month (6.2%).
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 59, Faraday House, London is in very good condition we estimate a sale value of £512,858 and rental value of £2,276 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £454,245 and a rental value of £2,016 per month.
If you were able to purchase this property for the estimated value of £488,436, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,401 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 London Property Management and HM Land Registry, Apartment 59, Faraday House, London was last sold on 10 May 2019 for £545,000 and was recorded as a leasehold flat.
The selling agent was London Property Management. The property has had 2 sales since 1995.
Since May 2019, the market for similar properties has dropped 1.0%
According to London Property Management , Apartment 59, Faraday House, London was let once since 2021 with the latest being in Jun 2021 for an undisclosed price.
Since Jun 2021, the market values of similar properties has risen 41.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 59, Faraday House, London within a radius of 220 metres over the last 2 years.
The most recent example is Apartment 75, Faraday House, Aurora Gardens, London, SW11 8EF, a Leasehold flat which sold for £620,000 in May 2024.
Read more about house prices in SW11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets of properties similar to Apartment 59, Faraday House, London within a radius of 220 metres over the last 2 years.
Most recently 305, Scott House 23, Circus Road West, London, SW11 8EH, a Leasehold flat let by London Property Management in May 2022.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Aurora Gardens, London, SW11 has a total of 113 addresses. According to our analysis of all the public data, Apartment 59, Faraday House, London is the 95th largest and the 95th most expensive property on the street.
When compared to the postcode district it is £306k less expensive than the average property in SW11.
Apartment 59, Faraday House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Feb 2017.
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, Faraday House, London is Battersea Power Station station which is 400 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 59, Faraday House, London, 41.0% of property is privately rented and 29.9% 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 59, Faraday House, London, 10.2% of residents are recorded as possessing school level qualifications and 65.4% 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 59, Faraday House, London, the average age was 40.5 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, Faraday House, London, 1.5% 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, Faraday House, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.