According to the public record, Flat 1, Markdale House 114, London is a modern leasehold apartment with 439 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Markdale House, Commercial Way, London, SE15.
Commercial Way, London, SE15 is located in the borough of Southwark within the SE15 postal district.
Flat 1, Markdale House 114, London has 21 entries in the Land Registry database, most recently in August 2019 and a single entry in the EPC database dated January 2010.
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 Markdale House 114 London as £274,003 and the rental value as £1,458 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 1 Markdale House 114 London has increased by £7,358 (2.7%) and its rental value has increased by £83 per month (5.7%).
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, Markdale House 114, London is in very good condition we estimate a sale value of £287,703 and rental value of £1,531 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £254,823 and a rental value of £1,356 per month.
If you were able to purchase this property for the estimated value of £274,003, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,347 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, Markdale House 114, London was last sold on 16 Aug 2019 for £260,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2019, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Markdale House 114, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 7, 43, Kelly Avenue, London, SE15 5LA, a Leasehold flat which sold for £280,000 in Apr 2023.
Read more about house prices in SE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Commercial Way, London, SE15 has a total of 343 addresses. According to our analysis of all the public data, Flat 1, Markdale House 114, London is the 326th largest and the 215th most expensive property on the street.
When compared to the postcode district it is £248k less expensive than the average property in SE15.
Flat 1, Markdale House 114, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Jan 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 1, Markdale House 114, London is Peckham Rye 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, Markdale House 114, London, 36.5% of property is privately owned with a mortgage and 34.9% 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 Flat 1, Markdale House 114, London, 22.9% of residents are recorded as possessing school level qualifications and 53.7% 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, Markdale House 114, London, the average age was 35 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, Markdale House 114, 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, Markdale House 114, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.