According to the public record, 51B , Rita Road, London is a period leasehold apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 51, Rita Road, London, SW8.
Rita Road, London, SW8 is located in the borough of Lambeth within the SW8 postal district.
51B , Rita Road, London has a single entry in the Land Registry database from July 2011 and a single entry in the EPC database dated April 2014.
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 51B Rita Road London as £404,638 and the rental value as £2,267 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 51B Rita Road London has increased by £701 (0.2%) and its rental value has increased by £94 per month (4.2%).
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 51B , Rita Road, London is in very good condition we estimate a sale value of £424,870 and rental value of £2,380 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £376,313 and a rental value of £2,108 per month.
If you were able to purchase this property for the estimated value of £404,638, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,989 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, 51B , Rita Road, London was last sold on 26 Jul 2011 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2011, the market for similar properties has risen 54.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 51B , Rita Road, London within a radius of 270 metres over the last 2 years.
The most recent example is Flat B, 75, Heyford Avenue, London, SW8 1EB, a Leasehold flat which sold for £449,500 in Oct 2022.
Read more about house prices in SW8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rita Road, London, SW8 has a total of 117 addresses. According to our analysis of all the public data, 51B , Rita Road, London is the 98th largest and the 103rd most expensive property on the street.
When compared to the postcode district it is £178k less expensive than the average property in SW8.
51B , Rita Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Apr 2014.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 51B , Rita Road, London is Vauxhall 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 51B , Rita Road, London, 57.0% of property is privately rented and 18.8% 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 51B , Rita Road, London, 11.2% of residents are recorded as possessing school level qualifications and 62.3% 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 51B , Rita Road, London, the average age was 35.3 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 51B , Rita Road, London, 2.6% 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 51B , Rita Road, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.