According to the public record, Flat 18, Babington House, London is a early-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Babington House, Redcross Way, London, SE1.
Redcross Way, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Flat 18, Babington House, London has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated July 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 18 Babington House London as £534,244 and the rental value as £2,721 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 18 Babington House London has decreased by £6,675 (1.2%) and its rental value has increased by £48 per month (1.8%).
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 18, Babington House, London is in very good condition we estimate a sale value of £560,956 and rental value of £2,858 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £496,847 and a rental value of £2,531 per month.
If you were able to purchase this property for the estimated value of £534,244, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,626 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 18, Babington House, London was last sold on 29 Mar 2021 for £562,500 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 dropped 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Babington House, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 19, Babington House, Redcross Way, London, SE1 1EZ, a Leasehold flat which sold for £527,000 in Sep 2022.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redcross Way, London, SE1 has a total of 118 addresses. According to our analysis of all the public data, Flat 18, Babington House, London is the 36th largest and the 39th most expensive property on the street.
When compared to the postcode district it is £114k less expensive than the average property in SE1.
Flat 18, Babington House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jul 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 18, Babington House, London is Borough 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 18, Babington House, London, 46.1% of property is privately rented and 33.9% is socially 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 18, Babington House, London, 23.5% of residents are recorded as possessing school level qualifications and 58.5% 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 18, Babington House, London, the average age was 34.4 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 18, Babington House, London, 2.9% 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 18, Babington House, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.