As updated by Sold.co.uk in Jan 2023, Flat 1, Sutherland House , London is a period 95 year lease apartment with 802 ft2 of internal area comprising 2 bedrooms .
There are 95 years remaining on the lease.
The apartment is in Sutherland House, Royal Herbert Pavilions, London, SE18.
Royal Herbert Pavilions, London, SE18 is located in the borough of Greenwich within the SE18 postal district.
Based on both the data supplied by Sold.co.uk and the public information available in the area, we estimate the current sale value for Flat 1 Sutherland House London as £401,786 and the rental value as £1,949 per month giving an expected gross yield of 5.8%.
Sold.co.uk described the decorative condition as fair in Jan 2023.
Over the last 12 months the sale value of Flat 1 Sutherland House London has increased by £5,615 (1.4%) and its rental value has increased by £116 per month (5.9%).
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, Sutherland House , London is in very good condition we estimate a sale value of £421,876 and rental value of £2,046 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £373,661 and a rental value of £1,812 per month.
If you were able to purchase this property for the estimated value of £401,786, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,975 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, Sutherland House , London was last sold on 07 Aug 2023 for £350,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Aug 2023, the market for similar properties has risen 1.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Sutherland House , London within a radius of 600 metres over the last 2 years.
The most recent example is Flat 3, Godwin House , Royal Herbert Pavilions, London, SE18 4PR, a Leasehold flat which sold for £385,000 in May 2024.
Read more about house prices in SE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Royal Herbert Pavilions, London, SE18 has a total of 187 addresses. According to our analysis of all the public data, Flat 1, Sutherland House , London is the 81st largest and the 85th most expensive property on the street.
When compared to the postcode district it is £35k more expensive than the average property in SE18.
Flat 1, Sutherland House , London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Feb 2023.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, Sutherland House , London is Eltham station which is 1.7 kilometres 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, Sutherland House , London, 42.7% of property is privately owned with a mortgage and 42.2% 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, Sutherland House , London, 10.9% of residents are recorded as possessing school level qualifications and 71.8% 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, Sutherland House , London, the average age was 38.4 and the most common age was 37.
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, Sutherland House , London, 1.8% 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, Sutherland House , London, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.