According to the public record, Flat 2, 166, Rye Lane, London is a period leasehold apartment with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 166, Rye Lane, London, SE15.
Rye Lane, London, SE15 is located in the borough of Southwark within the SE15 postal district.
Flat 2, 166, Rye Lane, London has 3 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated August 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 2 166 Rye Lane London as £305,469 and the rental value as £1,665 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 2 166 Rye Lane London has increased by £5,905 (1.9%) and its rental value has increased by £84 per month (5.0%).
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 2, 166, Rye Lane, London is in very good condition we estimate a sale value of £320,742 and rental value of £1,748 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £284,086 and a rental value of £1,548 per month.
If you were able to purchase this property for the estimated value of £305,469, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,501 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 2, 166, Rye Lane, London was last sold on 30 Jun 2021 for £300,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2021, the market for similar properties has risen 1.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 166, Rye Lane, London within a radius of 330 metres over the last 2 years.
The most recent example is 3B, Philip Walk, London, SE15 3NH, a Leasehold flat which sold for £388,000 in Oct 2018.
Read more about house prices in SE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rye Lane, London, SE15 has a total of 511 addresses. According to our analysis of all the public data, Flat 2, 166, Rye Lane, London is the 429th largest and the 308th most expensive property on the street.
When compared to the postcode district it is £217k less expensive than the average property in SE15.
Flat 2, 166, Rye Lane, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Aug 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 2, 166, Rye Lane, London is Peckham Rye 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 2, 166, Rye Lane, London, 33.7% of property is socially rented and 27.2% 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 2, 166, Rye Lane, London, 15.1% of residents are recorded as possessing school level qualifications and 66.2% 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 2, 166, Rye Lane, London, the average age was 35.8 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 2, 166, Rye Lane, London, 4.2% 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 2, 166, Rye Lane, 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.