According to the public record, Flat 2, Pendennis House, London is a mid-century leasehold apartment with 1,367 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Pendennis House, Rainsborough Avenue, London, SE8.
Rainsborough Avenue, London, SE8 is located in the borough of Lewisham within the SE8 postal district.
Flat 2, Pendennis House, London has a single entry in the Land Registry database from October 2011 and a single entry in the EPC database dated May 2021.
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 Pendennis House London as £367,475 and the rental value as £1,874 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 2 Pendennis House London has decreased by £1,157 (0.3%) and its rental value has increased by £69 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 2, Pendennis House, London is in very good condition we estimate a sale value of £385,849 and rental value of £1,968 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £341,752 and a rental value of £1,743 per month.
If you were able to purchase this property for the estimated value of £367,475, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,806 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, Pendennis House, London was last sold on 17 Oct 2011 for £226,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Oct 2011, the market for similar properties has risen 51.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Pendennis House, London within a radius of 250 metres over the last 2 years.
The most recent example is Flat 5, Pendennis House, Rainsborough Avenue, London, SE8 5RZ, a Leasehold flat which sold for £210,000 in Jun 2009.
Read more about house prices in SE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 250 metres radius of Flat 2, Pendennis House, London over the last 2 years.
Most recently Flat 47, Oslo Tower, Naomi Street, London, SE8 5EP, a Leasehold flat let by London Property Management in Jun 2022.
Rainsborough Avenue, London, SE8 has a total of 255 addresses. According to our analysis of all the public data, Flat 2, Pendennis House, London is the 10th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £23k less expensive than the average property in SE8.
Flat 2, Pendennis House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 May 2021.
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, Pendennis House, London is Surrey Quays station which is 800 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, Pendennis House, London, 84.0% of property is socially rented and 8.5% 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 2, Pendennis House, London, 34.0% of residents are recorded as possessing school level qualifications and 29.7% 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, Pendennis House, London, the average age was 33.2 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 2, Pendennis 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 2, Pendennis House, 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.