According to the public record, 1C , Somerfield Road, London is a period leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 1, Somerfield Road, London, N4.
Somerfield Road, London, N4 is located in the borough of Hackney within the N4 postal district.
1C , Somerfield Road, London has a single entry in the Land Registry database from September 2020 and a single entry in the EPC database dated March 2019.
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 1C Somerfield Road London as £642,855 and the rental value as £2,795 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 1C Somerfield Road London has increased by £8,196 (1.3%) and its rental value has increased by £178 per month (6.4%).
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 1C , Somerfield Road, London is in very good condition we estimate a sale value of £674,998 and rental value of £2,935 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £597,855 and a rental value of £2,600 per month.
If you were able to purchase this property for the estimated value of £642,855, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,159 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, 1C , Somerfield Road, London was last sold on 23 Sep 2020 for £640,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2020, the market for similar properties has risen 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1C , Somerfield Road, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 8, Samros Apartments 1A, Finsbury Park Road, London, N4 2LA, a Leasehold flat which sold for £588,000 in Mar 2023.
Read more about house prices in N4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerfield Road, London, N4 has a total of 107 addresses. According to our analysis of all the public data, 1C , Somerfield Road, London is the 44th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in N4.
1C , Somerfield Road, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Mar 2019.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 1C , Somerfield Road, London is Finsbury Park station which is 300 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 1C , Somerfield Road, London, 55.6% of property is privately rented and 20.5% is privately owned with a mortgage.
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 1C , Somerfield Road, London, 10.1% of residents are recorded as possessing school level qualifications and 66.2% 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 1C , Somerfield Road, London, the average age was 34.9 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 1C , Somerfield Road, London, 1.0% 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 1C , Somerfield 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.