According to the public record, Flat 18, Mercia Court, London is a modern leasehold apartment with 602 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Mercia Court, Highwood Close, London, SE22.
Highwood Close, London, SE22 is located in the borough of Southwark within the SE22 postal district.
Flat 18, Mercia Court, London has 3 entries in the Land Registry database, most recently in May 2019 and a single entry in the EPC database dated April 2022.
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 Mercia Court London as £378,484 and the rental value as £1,772 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of Flat 18 Mercia Court London has increased by £5,750 (1.5%) and its rental value has increased by £76 per month (4.3%).
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, Mercia Court, London is in very good condition we estimate a sale value of £397,408 and rental value of £1,860 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,990 and a rental value of £1,648 per month.
If you were able to purchase this property for the estimated value of £378,484, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,860 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, Mercia Court, London was last sold on 10 May 2019 for £360,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2019, the market for similar properties has risen 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Mercia Court, London within a radius of 560 metres over the last 2 years.
The most recent example is Flat 10, Epping Court, Highwood Close, London, SE22 8NJ, a Leasehold flat which sold for £375,000 in Mar 2024.
Read more about house prices in SE22.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Highwood Close, London, SE22 has a total of 107 addresses. According to our analysis of all the public data, Flat 18, Mercia Court, London is the 79th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £364k less expensive than the average property in SE22.
Flat 18, Mercia Court, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Apr 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 18, Mercia Court, London is Forest Hill station which is 900 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, Mercia Court, London, 27.1% of property is privately rented and 26.6% 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 18, Mercia Court, London, 18.5% of residents are recorded as possessing school level qualifications and 58.0% 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, Mercia Court, London, the average age was 37.4 and the most common age was 42.
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, Mercia Court, London, 1.4% 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 18, Mercia Court, 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.