According to the public record, Flat 1, 247, South Lambeth Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 247, South Lambeth Road, London, SW8.
South Lambeth Road, London, SW8 is located in the borough of Lambeth within the SW8 postal district.
Flat 1, 247, South Lambeth Road, London has a single entry in the Land Registry database from October 2011 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 Flat 1 247 South Lambeth Road London as £408,960 and the rental value as £2,310 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 1 247 South Lambeth Road London has increased by £2,932 (0.7%) and its rental value has increased by £99 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 Flat 1, 247, South Lambeth Road, London is in very good condition we estimate a sale value of £429,408 and rental value of £2,426 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £380,332 and a rental value of £2,149 per month.
If you were able to purchase this property for the estimated value of £408,960, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,010 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, Flat 1, 247, South Lambeth Road, London was last sold on 14 Oct 2011 for £175,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2011, the market for similar properties has risen 55.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 247, South Lambeth Road, London within a radius of 280 metres over the last 2 years.
The most recent example is Flat 7, Acomb Court 23, Lansdowne Way, London, SW8 1HH, a Leasehold flat which sold for £418,515 in Jun 2022.
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, Flat 1, 247, South Lambeth Road, London is the 509th largest and the 690th most expensive property on the street.
When compared to the postcode district it is £174k less expensive than the average property in SW8.
The closest station to Flat 1, 247, 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 Flat 1, 247, 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 Flat 1, 247, 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 Flat 1, 247, 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 Flat 1, 247, 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 Flat 1, 247, 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.