According to the public record, Flat 16, Oak Court, London is a mid-century leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Oak Court, Sumner Road, London, SE15.
Sumner Road, London, SE15 is located in the borough of Southwark within the SE15 postal district.
Flat 16, Oak Court, London has 2 entries in the Land Registry database, most recently in September 2017 and a single entry in the EPC database dated January 2015.
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 16 Oak Court London as £278,102 and the rental value as £1,498 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 16 Oak Court London has increased by £2,730 (1.0%) and its rental value has increased by £56 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 16, Oak Court, London is in very good condition we estimate a sale value of £292,007 and rental value of £1,573 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £258,635 and a rental value of £1,393 per month.
If you were able to purchase this property for the estimated value of £278,102, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,367 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 16, Oak Court, London was last sold on 29 Sep 2017 for £255,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2017, the market for similar properties has risen 1.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 16, Oak Court, London within a radius of 300 metres over the last 2 years.
The most recent example is Flat 45, Wickway Court, Cator Street, London, SE15 6QB, a Leasehold flat which sold for £285,000 in Feb 2021.
Read more about house prices in SE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sumner Road, London, SE15 has a total of 440 addresses. According to our analysis of all the public data, Flat 16, Oak Court, London is the 301st largest and the 417th most expensive property on the street.
When compared to the postcode district it is £244k less expensive than the average property in SE15.
Flat 16, Oak Court, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jan 2015.
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 16, Oak Court, London is Peckham Rye 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 16, Oak Court, London, 75.4% of property is socially rented and 15.3% 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 16, Oak Court, London, 31.2% of residents are recorded as possessing school level qualifications and 39.5% 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 16, Oak Court, London, the average age was 34.8 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 16, Oak Court, 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 16, Oak Court, 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.