According to the public record, Flat 1, Palm House 70, London is a modern leasehold apartment with 387 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Palm House, Sancroft Street, London, SE11.
Sancroft Street, London, SE11 is located in the borough of Lambeth within the SE11 postal district.
Flat 1, Palm House 70, London has a single entry in the Land Registry database from January 2015 and a single entry in the EPC database dated August 2014.
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 Palm House 70 London as £381,144 and the rental value as £1,578 per month giving an expected gross yield of 5%.
Over the last 12 months the sale value of Flat 1 Palm House 70 London has increased by £6,145 (1.6%) and its rental value has increased by £78 per month (4.9%).
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, Palm House 70, London is in very good condition we estimate a sale value of £400,202 and rental value of £1,657 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £354,464 and a rental value of £1,467 per month.
If you were able to purchase this property for the estimated value of £381,144, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,873 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, Palm House 70, London was last sold on 13 Jan 2015 for £375,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2015, the market for similar properties has risen 7.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Palm House 70, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 12, Palm House 70, Sancroft Street, London, SE11 5AH, a Leasehold flat which sold for £440,000 in Jan 2019.
Read more about house prices in SE11.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sancroft Street, London, SE11 has a total of 264 addresses. According to our analysis of all the public data, Flat 1, Palm House 70, London is the 262nd largest and the 246th most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in SE11.
Flat 1, Palm House 70, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 Aug 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 1, Palm House 70, London is Vauxhall station which is 600 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, Palm House 70, London, 67.4% of property is socially rented and 21.6% 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, Palm House 70, London, 22.9% of residents are recorded as possessing school level qualifications and 43.2% 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, Palm House 70, London, the average age was 36.8 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, Palm House 70, London, 0.3% 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, Palm House 70, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.