According to the public record, Flat 131, Fairmont House, London is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Fairmont House, Albatross Way, London, SE16.
Albatross Way, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Flat 131, Fairmont House, London has a single entry in the Land Registry database from June 2011 and a single entry in the EPC database dated November 2023.
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 131 Fairmont House London as £445,876 and the rental value as £2,069 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 131 Fairmont House London has decreased by £100 (0.0%) and its rental value has increased by £77 per month (3.7%).
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 131, Fairmont House, London is in very good condition we estimate a sale value of £468,170 and rental value of £2,172 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £414,665 and a rental value of £1,924 per month.
If you were able to purchase this property for the estimated value of £445,876, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,191 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 131, Fairmont House, London was last sold on 24 Jun 2011 for £286,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2011, the market for similar properties has risen 53.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 131, Fairmont House, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 58, Fairmont House, Needleman Street, London, SE16 7AW, a Leasehold flat which sold for £425,000 in Sep 2023.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albatross Way, London, SE16 has a total of 177 addresses. According to our analysis of all the public data, Flat 131, Fairmont House, London is the 153rd largest and the 141st most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in SE16.
Flat 131, Fairmont House, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Nov 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 131, Fairmont House, London is Rotherhithe 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 131, Fairmont House, London, 54.5% of property is privately rented and 23.7% 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 131, Fairmont House, London, 13.5% of residents are recorded as possessing school level qualifications and 77.2% 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 131, Fairmont House, London, the average age was 35.9 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 131, Fairmont House, London, 0.4% 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 131, Fairmont House, 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.