According to the public record, Flat 2301, Distillery Tower 1, London is a modern leasehold apartment with 441 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom with a balcony.
The apartment is in Distillery Tower, Mill Lane, London, SE8.
Mill Lane, London, SE8 is located in the borough of Lewisham within the SE8 postal district.
Flat 2301, Distillery Tower 1, London has 3 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated March 2022.
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 2301 Distillery Tower 1 London as £324,606 and the rental value as £1,762 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 2301 Distillery Tower 1 London has increased by £2,610 (0.8%) and its rental value has increased by £83 per month (4.7%).
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 2301, Distillery Tower 1, London is in very good condition we estimate a sale value of £340,836 and rental value of £1,850 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £301,883 and a rental value of £1,639 per month.
If you were able to purchase this property for the estimated value of £324,606, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,595 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 2301, Distillery Tower 1, London was last sold on 16 Aug 2022 for £312,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2301, Distillery Tower 1, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 1905, Distillery Tower 1, Mill Lane, London, SE8 4HP, a Leasehold flat which sold for £335,000 in Jan 2024.
Read more about house prices in SE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, London, SE8 has a total of 117 addresses. According to our analysis of all the public data, Flat 2301, Distillery Tower 1, London is the 104th largest and the 104th most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in SE8.
Flat 2301, Distillery Tower 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Mar 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 2301, Distillery Tower 1, London is Deptford Bridge station which is 0 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 2301, Distillery Tower 1, London, 65.4% of property is privately rented and 23.5% 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 2301, Distillery Tower 1, London, 20.1% of residents are recorded as possessing school level qualifications and 41.1% 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 2301, Distillery Tower 1, London, the average age was 34.1 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 2301, Distillery Tower 1, London, 1.1% 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 2301, Distillery Tower 1, 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.