According to the public record, Flat 18, Cortland House, London is a modern leasehold apartment with 936 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Cortland House, Apple Yard, London, SE20.
Apple Yard, London, SE20 is located in the borough of Bromley within the SE20 postal district.
Flat 18, Cortland House, London has 2 entries in the Land Registry database, most recently in October 2022 and a single entry in the EPC database dated June 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 reasonable condition, we estimate the current sale value for Flat 18 Cortland House London as £499,178 and the rental value as £2,129 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 18 Cortland House London has increased by £2,364 (0.5%) and its rental value has increased by £67 per month (3.1%).
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, Cortland House, London is in very good condition we estimate a sale value of £524,137 and rental value of £2,236 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £464,236 and a rental value of £1,980 per month.
If you were able to purchase this property for the estimated value of £499,178, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,453 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, Cortland House, London was last sold on 25 Oct 2022 for £490,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2022, the market for similar properties has dropped 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Cortland House, London within a radius of 380 metres over the last 2 years.
The most recent example is Flat 170, Lambourne House, Apple Yard, London, SE20 8FX, a Leasehold flat which sold for £550,000 in May 2023.
Read more about house prices in SE20.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Apple Yard, London, SE20 has a total of 252 addresses. According to our analysis of all the public data, Flat 18, Cortland House, London is the 13th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £92k more expensive than the average property in SE20.
Flat 18, Cortland House, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Jun 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 18, Cortland House, London is Anerley 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 18, Cortland House, London, 33.6% of property is socially rented and 33.6% 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 18, Cortland House, London, 15.7% of residents are recorded as possessing school level qualifications and 56.3% 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, Cortland House, London, the average age was 35.5 and the most common age was 32.
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, Cortland House, 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 18, Cortland House, 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.