According to the public record, Flat 205, Iris Court 16, London is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Iris Court, Thames Reach, London, SE28.
Thames Reach, London, SE28 is located in the borough of Greenwich within the SE28 postal district.
Flat 205, Iris Court 16, London has a single entry in the Land Registry database from May 2020 and a single entry in the EPC database dated May 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 good condition, we estimate the current sale value for Flat 205 Iris Court 16 London as £251,559 and the rental value as £1,545 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of Flat 205 Iris Court 16 London has increased by £1,944 (0.8%) and its rental value has increased by £80 per month (5.2%).
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 205, Iris Court 16, London is in very good condition we estimate a sale value of £264,137 and rental value of £1,622 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £233,950 and a rental value of £1,437 per month.
If you were able to purchase this property for the estimated value of £251,559, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,236 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 205, Iris Court 16, London was last sold on 14 May 2020 for £97,125 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2020, the market for similar properties has risen 6.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 205, Iris Court 16, London within a radius of 510 metres over the last 2 years.
The most recent example is 13, Anson Place, London, SE28 0HP, a Leasehold flat which sold for £260,000 in Jan 2024.
Read more about house prices in SE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Thames Reach, London, SE28 has a total of 113 addresses. According to our analysis of all the public data, Flat 205, Iris Court 16, London is the 90th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £55k less expensive than the average property in SE28.
Flat 205, Iris Court 16, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 May 2019.
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 205, Iris Court 16, London is Plumstead station which is 1.0 kilometres 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 205, Iris Court 16, London, 38.0% of property is socially rented and 30.6% 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 205, Iris Court 16, London, 2.2% of residents are recorded as possessing school level qualifications and 14.7% 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 205, Iris Court 16, London, the average age was 32.6 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 205, Iris Court 16, 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 205, Iris Court 16, 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.