According to the public record, 56C , Sotheby Road, London is a period leasehold apartment and with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 56, Sotheby Road, London, N5.
Sotheby Road, London, N5 is located in the borough of Islington within the N5 postal district.
56C , Sotheby Road, London has a single entry in the Land Registry database from November 2019 and a single entry in the EPC database dated April 2018.
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 56C Sotheby Road London as £614,620 and the rental value as £2,503 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 56C Sotheby Road London has increased by £9,226 (1.5%) and its rental value has increased by £164 per month (6.6%).
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 56C , Sotheby Road, London is in very good condition we estimate a sale value of £645,351 and rental value of £2,628 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £571,597 and a rental value of £2,328 per month.
If you were able to purchase this property for the estimated value of £614,620, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,021 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, 56C , Sotheby Road, London was last sold on 20 Nov 2019 for £495,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Nov 2019, the market for similar properties has risen 6.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56C , Sotheby Road, London within a radius of 33m over the last 2 years.
The most recent example is 56B , Sotheby Road, London, N5 2UR, a Leasehold flat which sold for £600,000 in Nov 2023.
Read more about house prices in N5.
Sotheby Road, London, N5 has a total of 164 addresses. According to our analysis of all the public data, 56C , Sotheby Road, London is the 121st largest and the 112th most expensive property on the street.
When compared to the postcode district it is £202k less expensive than the average property in N5.
56C , Sotheby Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Apr 2018.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 56C , Sotheby Road, London is Arsenal station which is 600 m 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 56C , Sotheby Road, London, 33.3% of property is privately owned outright and 27.0% 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 56C , Sotheby Road, London, 19.2% of residents are recorded as possessing school level qualifications and 72.0% 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 56C , Sotheby 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 56C , Sotheby Road, London, 8.8% 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 56C , Sotheby Road, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.