According to the public record, 35B, Somerford Grove Estate, London is a mid-century leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 35, Somerford Grove Estate, London, N16.
Somerford Grove Estate, London, N16 is located in the borough of Hackney within the N16 postal district.
35B, Somerford Grove Estate, London has a single entry in the Land Registry database from May 2022 and a single entry in the EPC database dated March 2024.
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 35B Somerford Grove Estate London as £438,522 and the rental value as £2,372 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 35B Somerford Grove Estate London has increased by £6,269 (1.4%) and its rental value has increased by £153 per month (6.5%).
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 35B, Somerford Grove Estate, London is in very good condition we estimate a sale value of £460,448 and rental value of £2,490 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,825 and a rental value of £2,206 per month.
If you were able to purchase this property for the estimated value of £438,522, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,155 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, 35B, Somerford Grove Estate, London was last sold on 20 May 2022 for £450,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has dropped 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 35B, Somerford Grove Estate, London within a radius of 260 metres over the last 2 years.
The most recent example is 1, Somerford Grove Estate, London, N16 7TL, a Leasehold flat which sold for £563,000 in Mar 2023.
Read more about house prices in N16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerford Grove Estate, London, N16 has a total of 140 addresses. According to our analysis of all the public data, 35B, Somerford Grove Estate, London is the 37th largest and the 60th most expensive property on the street.
When compared to the postcode district it is £227k less expensive than the average property in N16.
35B, Somerford Grove Estate, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Mar 2024.
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 35B, Somerford Grove Estate, London is Rectory Road station which is 600 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 35B, Somerford Grove Estate, London, 45.9% of property is socially rented and 45.9% 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 35B, Somerford Grove Estate, London, 28.4% of residents are recorded as possessing school level qualifications and 41.4% 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 35B, Somerford Grove Estate, London, the average age was 35.9 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 35B, Somerford Grove Estate, 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 35B, Somerford Grove Estate, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.