According to the public record, Flat 118, 3, Cornell Square, London is a modern leasehold apartment with 925 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in 3, Cornell Square, London, SW8.
Cornell Square, London, SW8 is located in the borough of Lambeth within the SW8 postal district.
Flat 118, 3, Cornell Square, London has 2 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated September 2020.
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 118 3 Cornell Square London as £601,999 and the rental value as £2,973 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of Flat 118 3 Cornell Square London has decreased by £7,938 (1.3%) and its rental value has increased by £80 per month (2.7%).
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 118, 3, Cornell Square, London is in very good condition we estimate a sale value of £632,099 and rental value of £3,122 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £559,859 and a rental value of £2,765 per month.
If you were able to purchase this property for the estimated value of £601,999, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,959 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 118, 3, Cornell Square, London was last sold on 21 Dec 2020 for £590,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2020, the market for similar properties has dropped 3.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 118, 3, Cornell Square, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 102, 3, Cornell Square, London, SW8 2ER, a Leasehold flat which sold for £650,000 in Jun 2024.
Read more about house prices in SW8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let of a property similar to Flat 118, 3, Cornell Square, London within a radius of 320 metres over the last 2 years.
Most recently Flat 92, 3, Cornell Square, London, SW8 2ER, a Leasehold flat let by Saint Andrews Bureau in Mar 2024.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cornell Square, London, SW8 has a total of 157 addresses. According to our analysis of all the public data, Flat 118, 3, Cornell Square, London is the 20th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £19k more expensive than the average property in SW8.
Flat 118, 3, Cornell Square, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Sep 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 118, 3, Cornell Square, London is Nine Elms station which is 500 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 118, 3, Cornell Square, London, 47.8% of property is privately rented and 22.3% is socially 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 118, 3, Cornell Square, London, 10.2% of residents are recorded as possessing school level qualifications and 79.0% 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 118, 3, Cornell Square, London, the average age was 35.3 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 118, 3, Cornell Square, London, 0.7% 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 118, 3, Cornell Square, 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.