According to the public record, Flat 24, Pullman Building 88, London is a modern leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony and roof terrace.
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 24, Pullman Building 88, London has 2 entries in the Land Registry database, most recently in August 2022 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 24 Pullman Building 88 London as £588,206 and the rental value as £2,780 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 24 Pullman Building 88 London has decreased by £7,827 (1.3%) and its rental value has increased by £67 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 24, Pullman Building 88, London is in very good condition we estimate a sale value of £617,616 and rental value of £2,919 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £547,032 and a rental value of £2,585 per month.
If you were able to purchase this property for the estimated value of £588,206, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,891 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 24, Pullman Building 88, London was last sold on 17 Aug 2022 for £555,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 2.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 24, Pullman Building 88, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 19, Pullman Building 88, Spa Road, London, SE16 3QT, a Leasehold flat which sold for £550,000 in Aug 2023.
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 24, Pullman Building 88, London is the 127th largest and the 97th most expensive property on the street.
When compared to the postcode district it is £115k more expensive than the average property in SE16.
Flat 24, 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 24, 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 24, 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 24, 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 24, 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 24, 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 24, 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.