According to the public record, Flat 13, Binnie House, London is a mid-century leasehold apartment with 430 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Binnie House, Bath Terrace, London, SE1.
Bath Terrace, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Flat 13, Binnie House, London has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated August 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 13 Binnie House London as £271,538 and the rental value as £1,432 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 13 Binnie House London has increased by £1,956 (0.7%) and its rental value has increased by £62 per month (4.3%).
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 13, Binnie House, London is in very good condition we estimate a sale value of £285,115 and rental value of £1,504 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,531 and a rental value of £1,332 per month.
If you were able to purchase this property for the estimated value of £271,538, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,335 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 13, Binnie House, London was last sold on 31 Mar 2021 for £290,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2021, 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 13, Binnie House, London within a radius of 210 metres over the last 2 years.
The most recent example is Flat 85, Albert Barnes House, New Kent Road, London, SE1 6PJ, a Leasehold flat which sold for £298,000 in Jun 2021.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bath Terrace, London, SE1 has a total of 314 addresses. According to our analysis of all the public data, Flat 13, Binnie House, London is the 270th largest and the 291st most expensive property on the street.
When compared to the postcode district it is £376k less expensive than the average property in SE1.
Flat 13, Binnie House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Aug 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 13, Binnie House, London is Elephant & Castle station which is 300 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 13, Binnie House, London, 62.8% of property is socially rented and 23.4% 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 13, Binnie House, London, 17.9% of residents are recorded as possessing school level qualifications and 49.8% 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 13, Binnie House, London, the average age was 31.6 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 13, Binnie House, 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 13, Binnie House, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.