According to the public record, 229D , South Lambeth Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 781 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 229, South Lambeth Road, London, SW8.
South Lambeth Road, London, SW8 is located in the borough of Lambeth within the SW8 postal district.
229D , South Lambeth Road, London has 2 entries in the Land Registry database, most recently in August 2021 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 229D South Lambeth Road London as £552,088 and the rental value as £2,890 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 229D South Lambeth Road London has increased by £3,958 (0.7%) and its rental value has increased by £123 per month (4.3%).
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 229D , South Lambeth Road, London is in very good condition we estimate a sale value of £579,692 and rental value of £3,035 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £513,442 and a rental value of £2,688 per month.
If you were able to purchase this property for the estimated value of £552,088, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,713 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, 229D , South Lambeth Road, London was last sold on 23 Aug 2021 for £560,050 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2021, the market for similar properties has risen 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 229D , South Lambeth Road, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 2, Knight's House 226, South Lambeth Road, London, SW8 1UU, a Leasehold flat which sold for £520,000 in Jul 2024.
Read more about house prices in SW8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Lambeth Road, London, SW8 has a total of 1104 addresses. According to our analysis of all the public data, 229D , South Lambeth Road, London is the 207th largest and the 134th most expensive property on the street.
When compared to the postcode district it is £31k less expensive than the average property in SW8.
The closest station to 229D , South Lambeth Road, London is Stockwell station which is 400 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 229D , South Lambeth Road, London, 81.1% of property is privately rented and 11.0% 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 229D , South Lambeth Road, London, 12.6% of residents are recorded as possessing school level qualifications and 55.5% 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 229D , South Lambeth Road, London, the average age was 37.4 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 229D , South Lambeth Road, London, 0.0% 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 229D , South Lambeth Road, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.