According to the public record, Apartment 60, Benbow House 24, London is a modern leasehold apartment with 2,292 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Benbow House, New Globe Walk, London, SE1.
New Globe Walk, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Apartment 60, Benbow House 24, London has 21 entries in the Land Registry database, most recently in November 2020 and a single entry in the EPC database dated November 2019.
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 60 Benbow House 24 London as £3,612,110 and the rental value as £9,402 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of Apartment 60 Benbow House 24 London has decreased by £49,921 (1.4%) and its rental value has increased by £184 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 60, Benbow House 24, London is in very good condition we estimate a sale value of £3,792,716 and rental value of £9,872 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £3,359,263 and a rental value of £8,744 per month.
If you were able to purchase this property for the estimated value of £3,612,110, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £17,752 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 60, Benbow House 24, London was last sold on 19 Nov 2020 for £3,475,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2020, the market for similar properties has dropped 2.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 60, Benbow House 24, London within a radius of 460 metres over the last 2 years.
The most recent example is Flat 901, Block A 50, Holland Street, London, SE1 9FU, a Leasehold flat which sold for £3,100,000 in Oct 2019.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Globe Walk, London, SE1 has a total of 132 addresses. According to our analysis of all the public data, Apartment 60, Benbow House 24, London is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £2.964m more expensive than the average property in SE1.
Apartment 60, Benbow House 24, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Nov 2019.
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 60, Benbow House 24, London is London Cannon Street station which is 500 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 60, Benbow House 24, London, 57.8% of property is privately rented and 24.1% 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 60, Benbow House 24, London, 72.5% of residents are recorded as possessing school level qualifications and 27.8% 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 60, Benbow House 24, London, the average age was 34.4 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 60, Benbow House 24, London, 2.0% 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 60, Benbow House 24, 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.