According to the public record, 115B, Railton Road, London is a period leasehold apartment with 1,205 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 115, Railton Road, London, SE24.
Railton Road, London, SE24 is located in the borough of Lambeth within the SE24 postal district.
115B, Railton Road, London has 41 entries in the Land Registry database, most recently in February 2019 and a single entry in the EPC database dated September 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 115B Railton Road London as £899,921 and the rental value as £3,690 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 115B Railton Road London has increased by £25,716 (2.9%) and its rental value has increased by £179 per month (4.8%).
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 115B, Railton Road, London is in very good condition we estimate a sale value of £944,917 and rental value of £3,874 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £836,926 and a rental value of £3,431 per month.
If you were able to purchase this property for the estimated value of £899,921, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,423 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, 115B, Railton Road, London was last sold on 07 Feb 2019 for £699,950 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Feb 2019, the market for similar properties has risen 9.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 115B, Railton Road, London within a radius of 270 metres over the last 2 years.
The most recent example is Flat A, 137, Railton Road, London, SE24 0LT, a Leasehold flat which sold for £755,000 in Jun 2022.
Read more about house prices in SE24.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 270 metres radius of 115B, Railton Road, London over the last 2 years.
Most recently Flat 14, 39, Effra Parade, London, SW2 1PG, a Leasehold flat let by Your Home Managed in Sep 2023.
Railton Road, London, SE24 has a total of 437 addresses. According to our analysis of all the public data, 115B, Railton Road, London is the 40th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £968 less expensive than the average property in SE24.
115B, Railton Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Sep 2018.
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 115B, Railton Road, London is Brixton station which is 700 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 115B, Railton Road, London, 41.7% of property is socially rented and 27.6% 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 115B, Railton Road, London, 16.1% of residents are recorded as possessing school level qualifications and 58.6% 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 115B, Railton Road, London, the average age was 35.7 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 115B, Railton Road, London, 0.8% 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 115B, Railton Road, 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.