According to the public record, Flat 15, Hermes House 59A, London is a modern leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Hermes House, Josephine Avenue, London, SW2.
Josephine Avenue, London, SW2 is located in the borough of Lambeth within the SW2 postal district.
Flat 15, Hermes House 59A, London has 2 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated January 2018.
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 good condition, we estimate the current sale value for Flat 15 Hermes House 59A London as £450,837 and the rental value as £2,184 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 15 Hermes House 59A London has increased by £4,188 (0.9%) and its rental value has increased by £35 per month (1.6%).
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 15, Hermes House 59A, London is in very good condition we estimate a sale value of £473,379 and rental value of £2,293 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £419,279 and a rental value of £2,031 per month.
If you were able to purchase this property for the estimated value of £450,837, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,216 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 15, Hermes House 59A, London was last sold on 08 Dec 2023 for £450,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Dec 2023, the market for similar properties has risen 1.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 15, Hermes House 59A, London within a radius of 310 metres over the last 2 years.
The most recent example is Flat 13, Hermes House 59A, Josephine Avenue, London, SW2 2JG, a Leasehold flat which sold for £471,500 in Feb 2021.
Read more about house prices in SW2.
*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 15, Hermes House 59A, London within a radius of 310 metres over the last 2 years.
Most recently Ground Floor Flat, 38, Josephine Avenue, London, SW2 2LA, a Leasehold flat let by Your Home Managed in Nov 2023.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Josephine Avenue, London, SW2 has a total of 173 addresses. According to our analysis of all the public data, Flat 15, Hermes House 59A, London is the 92nd largest and the 148th most expensive property on the street.
When compared to the postcode district it is £100k less expensive than the average property in SW2.
Flat 15, Hermes House 59A, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 Jan 2018.
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 15, Hermes House 59A, London is Brixton station which is 1.0 kilometres 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 15, Hermes House 59A, London, 40.4% of property is privately rented and 26.7% 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 15, Hermes House 59A, London, 9.4% of residents are recorded as possessing school level qualifications and 72.9% 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 15, Hermes House 59A, London, the average age was 35.6 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 15, Hermes House 59A, London, 0.0% 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 15, Hermes House 59A, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.