According to the public record, 88C, Herbert Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a mid-century apartment with 716 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 88, Herbert Road, London, SE18.
Herbert Road, London, SE18 is located in the borough of Greenwich within the SE18 postal district.
88C, Herbert Road, London has a single entry in the Land Registry database from March 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 88C Herbert Road London as £229,715 and the rental value as £1,274 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 88C Herbert Road London has increased by £7,045 (3.1%) and its rental value has increased by £93 per month (7.3%).
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 88C, Herbert Road, London is in very good condition we estimate a sale value of £241,201 and rental value of £1,337 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £213,635 and a rental value of £1,184 per month.
If you were able to purchase this property for the estimated value of £229,715, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,129 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, 88C, Herbert Road, London was last sold on 30 Mar 2007 for £140,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2007, the market for similar properties has risen 60.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 88C, Herbert Road, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 27, Rixon House, Barnfield Road, London, SE18 3TX, a Leasehold flat which sold for £190,000 in Oct 2023.
Read more about house prices in SE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Herbert Road, London, SE18 has a total of 371 addresses. According to our analysis of all the public data, 88C, Herbert Road, London is the 192nd largest and the 298th most expensive property on the street.
When compared to the postcode district it is £137k less expensive than the average property in SE18.
The closest station to 88C, Herbert Road, London is Woolwich Arsenal station which is 1.2 kilometres 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 88C, Herbert Road, London, 36.6% of property is socially rented and 34.2% 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 88C, Herbert Road, London, 26.6% of residents are recorded as possessing school level qualifications and 39.3% 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 88C, Herbert Road, London, the average age was 33.7 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 88C, Herbert Road, London, 0.2% 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 88C, Herbert Road, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.