According to the public record, Flat 2, Spenlow House, London is a mid-century leasehold apartment with 355 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Spenlow House, Jamaica Road, London, SE16.
Jamaica Road, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Flat 2, Spenlow House, London has a single entry in the Land Registry database from September 2006 and a single entry in the EPC database dated December 2019.
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 Spenlow House London as £239,041 and the rental value as £1,363 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat 2 Spenlow House London has increased by £440 (0.2%) and its rental value has increased by £57 per month (4.2%).
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, Spenlow House, London is in very good condition we estimate a sale value of £250,993 and rental value of £1,431 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £222,308 and a rental value of £1,267 per month.
If you were able to purchase this property for the estimated value of £239,041, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,175 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, Spenlow House, London was last sold on 15 Sep 2006 for £113,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Spenlow House, London within a radius of 310 metres over the last 2 years.
The most recent example is 137, New Place Square, London, SE16 2HR, a Leasehold flat which sold for £285,000 in Jan 2023.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Jamaica Road, London, SE16 has a total of 389 addresses. According to our analysis of all the public data, Flat 2, Spenlow House, London is the 384th largest and the 385th most expensive property on the street.
When compared to the postcode district it is £234k less expensive than the average property in SE16.
Flat 2, Spenlow House, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 06 Dec 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 2, Spenlow House, London is Bermondsey station which is 100 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, Spenlow House, London, 67.9% of property is socially rented and 25.7% 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, Spenlow House, London, 14.8% of residents are recorded as possessing school level qualifications and 37.4% 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, Spenlow House, London, the average age was 34.7 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, Spenlow House, London, 0.5% 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, Spenlow House, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.