According to the public record, Flat 11, 1, Reed Place, London is a modern leasehold apartment with 904 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 1, Reed Place, London, SW4.
Reed Place, London, SW4 is located in the borough of Lambeth within the SW4 postal district.
Flat 11, 1, Reed Place, London has 31 entries in the Land Registry database, most recently in May 2014 and a single entry in the EPC database dated February 2024.
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 11 1 Reed Place London as £652,297 and the rental value as £2,931 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 11 1 Reed Place London has increased by £3,900 (0.6%) and its rental value has increased by £45 per month (1.5%).
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 11, 1, Reed Place, London is in very good condition we estimate a sale value of £684,911 and rental value of £3,078 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £606,636 and a rental value of £2,726 per month.
If you were able to purchase this property for the estimated value of £652,297, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,206 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 11, 1, Reed Place, London was last sold on 19 May 2014 for £730,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2014, the market for similar properties has risen 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 11, 1, Reed Place, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 4, 1, Reed Place, London, SW4 7LD, a Leasehold flat which sold for £625,000 in Feb 2024.
Read more about house prices in SW4.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reed Place, London, SW4 has a total of 48 addresses. According to our analysis of all the public data, Flat 11, 1, Reed Place, London is the 28th largest and the 34th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in SW4.
Flat 11, 1, Reed Place, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Feb 2024.
The property is not connected to mains gas and has single glazed windows. It is heated using electric storage heaters.
The closest station to Flat 11, 1, Reed Place, London is Clapham High Street 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 11, 1, Reed Place, London, 51.6% of property is privately rented and 29.2% 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 11, 1, Reed Place, London, 6.7% of residents are recorded as possessing school level qualifications and 85.5% 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 11, 1, Reed Place, London, the average age was 34 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 11, 1, Reed Place, 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 11, 1, Reed Place, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.