According to the public record, Flat 1, 2C, Merttins Road, London is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2C, Merttins Road, London, SE15.
Merttins Road, London, SE15 is located in the borough of Southwark within the SE15 postal district.
Flat 1, 2C, Merttins Road, London has a single entry in the Land Registry database from October 2009 and a single entry in the EPC database dated July 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 Flat 1 2C Merttins Road London as £379,214 and the rental value as £2,024 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 1 2C Merttins Road London has increased by £6,731 (1.8%) and its rental value has increased by £95 per month (4.7%).
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, 2C, Merttins Road, London is in very good condition we estimate a sale value of £398,175 and rental value of £2,125 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £352,669 and a rental value of £1,882 per month.
If you were able to purchase this property for the estimated value of £379,214, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,864 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, 2C, Merttins Road, London was last sold on 07 Oct 2009 for £230,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2009, the market for similar properties has risen 106.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 2C, Merttins Road, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat 8, 41, Athenlay Road, London, SE15 3EA, a Leasehold flat which sold for £372,500 in Jul 2023.
Read more about house prices in SE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merttins Road, London, SE15 has a total of 11 addresses. According to our analysis of all the public data, Flat 1, 2C, Merttins Road, London is the 9th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £143k less expensive than the average property in SE15.
Flat 1, 2C, Merttins Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jul 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, 2C, Merttins Road, London is Crofton Park station which is 800 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, 2C, Merttins Road, London, 35.3% of property is privately owned with a mortgage and 28.7% is socially 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 Flat 1, 2C, Merttins Road, London, 24.1% of residents are recorded as possessing school level qualifications and 62.0% 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 Flat 1, 2C, Merttins Road, London, the average age was 35.4 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 Flat 1, 2C, Merttins Road, London, 0.9% 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, 2C, Merttins Road, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.