According to the public record, 56B, Farren Road, London is a period leasehold apartment with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 56, Farren Road, London, SE23.
Farren Road, London, SE23 is located in the borough of Lewisham within the SE23 postal district.
56B, Farren Road, London has 2 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated March 2021.
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 56B Farren Road London as £430,619 and the rental value as £1,876 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 56B Farren Road London has increased by £10,051 (2.3%) and its rental value has increased by £110 per month (5.9%).
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 56B, Farren Road, London is in very good condition we estimate a sale value of £452,150 and rental value of £1,970 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £400,475 and a rental value of £1,745 per month.
If you were able to purchase this property for the estimated value of £430,619, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,116 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, 56B, Farren Road, London was last sold on 07 Sep 2021 for £460,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2021, the market for similar properties has risen 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56B, Farren Road, London within a radius of 390 metres over the last 2 years.
The most recent example is 91, Como Road, London, SE23 2JN, a Leasehold flat which sold for £465,000 in Dec 2022.
Read more about house prices in SE23.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Farren Road, London, SE23 has a total of 63 addresses. According to our analysis of all the public data, 56B, Farren Road, London is the 32nd largest and the 40th most expensive property on the street.
When compared to the postcode district it is £121k less expensive than the average property in SE23.
56B, Farren Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Mar 2021.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 56B, Farren Road, London is Forest Hill 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 56B, Farren Road, London, 43.4% of property is privately owned with a mortgage and 26.6% 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 56B, Farren Road, London, 15.7% of residents are recorded as possessing school level qualifications and 57.1% 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 56B, Farren Road, London, the average age was 36.3 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 56B, Farren Road, London, 0.7% 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 56B, Farren Road, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.