According to the public record, Flat 12, 390, New Cross Road, London is a period leasehold apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 390, New Cross Road, London, SE14.
New Cross Road, London, SE14 is located in the borough of Lewisham within the SE14 postal district.
Flat 12, 390, New Cross Road, London has 21 entries in the Land Registry database, most recently in August 2019 and a single entry in the EPC database dated January 2019.
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 12 390 New Cross Road London as £386,964 and the rental value as £2,034 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 12 390 New Cross Road London has increased by £7,259 (1.9%) and its rental value has increased by £111 per month (5.4%).
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 12, 390, New Cross Road, London is in very good condition we estimate a sale value of £406,313 and rental value of £2,136 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £359,877 and a rental value of £1,892 per month.
If you were able to purchase this property for the estimated value of £386,964, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,902 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 12, 390, New Cross Road, London was last sold on 23 Aug 2019 for £295,000 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 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 12, 390, New Cross Road, London within a radius of 340 metres over the last 2 years.
The most recent example is 99B, Lewisham Way, London, SE14 6QD, a Leasehold flat which sold for £434,500 in Jul 2023.
Read more about house prices in SE14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Cross Road, London, SE14 has a total of 1093 addresses. According to our analysis of all the public data, Flat 12, 390, New Cross Road, London is the 391st largest and the 422nd most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in SE14.
Flat 12, 390, New Cross Road, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 15 Jan 2019.
The property is not connected to mains gas and has full secondary glazing. It is heated using electric storage heaters.
The closest station to Flat 12, 390, New Cross Road, London is New Cross station which is 200 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 12, 390, New Cross Road, London, 42.0% of property is privately rented and 23.1% 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 12, 390, New Cross Road, London, 27.4% 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 12, 390, New Cross Road, London, the average age was 34.1 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 12, 390, New Cross Road, 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 12, 390, New Cross Road, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.