According to the public record, Flat 23, 4, Salamanca Place, London is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in 4, Salamanca Place, London, SE1.
Salamanca Place, London, SE1 is located in the borough of Lambeth within the SE1 postal district.
Flat 23, 4, Salamanca Place, London has 2 entries in the Land Registry database, most recently in October 2011 and a single entry in the EPC database dated February 2024.
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 23 4 Salamanca Place London as £476,150 and the rental value as £2,485 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 23 4 Salamanca Place London has increased by £6,189 (1.3%) and its rental value has increased by £135 per month (5.4%).
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 23, 4, Salamanca Place, London is in very good condition we estimate a sale value of £499,957 and rental value of £2,609 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £442,819 and a rental value of £2,311 per month.
If you were able to purchase this property for the estimated value of £476,150, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,340 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 23, 4, Salamanca Place, London was last sold on 27 Oct 2011 for £340,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2011, the market for similar properties has risen 51.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 23, 4, Salamanca Place, London within a radius of 290 metres over the last 2 years.
The most recent example is Flat 9, 73-79, Black Prince Road, London, SE11 6AB, a Leasehold flat which sold for £435,000 in Apr 2024.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Salamanca Place, London, SE1 has a total of 118 addresses. According to our analysis of all the public data, Flat 23, 4, Salamanca Place, London is the 102nd largest and the 84th most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in SE1.
Flat 23, 4, Salamanca Place, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Feb 2024.
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 23, 4, Salamanca Place, London is Vauxhall station which is 600 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 23, 4, Salamanca Place, London, 28.9% of property is privately rented and 23.7% is socially 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 23, 4, Salamanca Place, London, 22.6% of residents are recorded as possessing school level qualifications and 68.1% 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 23, 4, Salamanca Place, London, the average age was 36.8 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 23, 4, Salamanca Place, 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 23, 4, Salamanca Place, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.