According to the public record, 294B, Norwood Road, London is a period leasehold apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 294, Norwood Road, London, SE27.
Norwood Road, London, SE27 is located in the borough of Lambeth within the SE27 postal district.
294B, Norwood Road, London has a single entry in the Land Registry database from June 2013 and a single entry in the EPC database dated May 2013.
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 294B Norwood Road London as £565,940 and the rental value as £2,441 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 294B Norwood Road London has increased by £15,826 (2.8%) and its rental value has increased by £110 per month (4.5%).
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 294B, Norwood Road, London is in very good condition we estimate a sale value of £594,237 and rental value of £2,563 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £526,325 and a rental value of £2,270 per month.
If you were able to purchase this property for the estimated value of £565,940, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,781 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, 294B, Norwood Road, London was last sold on 19 Jun 2013 for £170,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2013, the market for similar properties has risen 54.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 294B, Norwood Road, London within a radius of 380 metres over the last 2 years.
The most recent example is 57C, Idmiston Road, London, SE27 9HL, a Leasehold flat which sold for £480,000 in Jul 2023.
Read more about house prices in SE27.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norwood Road, London, SE27 has a total of 460 addresses. According to our analysis of all the public data, 294B, Norwood Road, London is the 137th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £32k more expensive than the average property in SE27.
294B, Norwood Road, London has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 02 May 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric heaters.
The closest station to 294B, Norwood Road, London is West Norwood 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 294B, Norwood Road, London, 70.2% of property is socially rented and 17.5% 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 294B, Norwood Road, London, 32.2% of residents are recorded as possessing school level qualifications and 33.9% 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 294B, Norwood Road, 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 294B, Norwood Road, 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 294B, Norwood 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.