According to the public record, Flat 23, Pullman Building 88, London is a modern leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Pullman Building, Spa Road, London, SE16.
Spa Road, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Flat 23, Pullman Building 88, London has a single entry in the Land Registry database from August 2014 and a single entry in the EPC database dated June 2014.
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 Pullman Building 88 London as £385,185 and the rental value as £2,122 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 23 Pullman Building 88 London has decreased by £5,126 (1.3%) and its rental value has increased by £51 per month (2.4%).
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, Pullman Building 88, London is in very good condition we estimate a sale value of £404,444 and rental value of £2,228 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,222 and a rental value of £1,973 per month.
If you were able to purchase this property for the estimated value of £385,185, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,893 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, Pullman Building 88, London was last sold on 01 Aug 2014 for £334,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2014, 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 23, Pullman Building 88, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 36, Skyline Court 9, Grange Yard, London, SE1 3AN, a Leasehold flat which sold for £395,000 in Jun 2024.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spa Road, London, SE16 has a total of 404 addresses. According to our analysis of all the public data, Flat 23, Pullman Building 88, London is the 359th largest and the 374th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in SE16.
Flat 23, Pullman Building 88, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Jun 2014.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 23, Pullman Building 88, London is Bermondsey station which is 700 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, Pullman Building 88, London, 36.8% of property is socially rented and 33.9% 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 23, Pullman Building 88, London, 21.7% of residents are recorded as possessing school level qualifications and 56.5% 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, Pullman Building 88, 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 23, Pullman Building 88, London, 1.7% 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, Pullman Building 88, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.