According to the public record, Flat 1, Long Acre House, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 738 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Long Acre House, Pettacre Close, London, SE28.
Pettacre Close, London, SE28 is located in the borough of Greenwich within the SE28 postal district.
Flat 1, Long Acre House, London has a single entry in the Land Registry database from February 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 Flat 1 Long Acre House London as £304,706 and the rental value as £1,719 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 1 Long Acre House London has increased by £6,938 (2.3%) and its rental value has increased by £111 per month (6.5%).
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, Long Acre House, London is in very good condition we estimate a sale value of £319,941 and rental value of £1,805 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £283,376 and a rental value of £1,598 per month.
If you were able to purchase this property for the estimated value of £304,706, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,498 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, Long Acre House, London was last sold on 28 Feb 2007 for £209,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Feb 2007, the market for similar properties has risen 57.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Long Acre House, London within a radius of 430 metres over the last 2 years.
The most recent example is Flat 12, Paddle Steamer House, Pettacre Close, London, SE28 0PD, a Leasehold flat which sold for £313,000 in Jan 2023.
Read more about house prices in SE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pettacre Close, London, SE28 has a total of 223 addresses. According to our analysis of all the public data, Flat 1, Long Acre House, London is the 41st largest and the 70th most expensive property on the street.
When compared to the postcode district it is £2k less expensive than the average property in SE28.
The closest station to Flat 1, Long Acre House, London is Plumstead 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, Long Acre House, London, 57.9% of property is privately rented and 15.7% 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, Long Acre House, London, 24.6% of residents are recorded as possessing school level qualifications and 60.5% 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, Long Acre House, London, the average age was 35.5 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, Long Acre House, 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, Long Acre House, 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.