According to the public record, Flat 29, Markstone House, London is a mid-century leasehold apartment with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Markstone House, Lancaster Street, London, SE1.
Lancaster Street, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Flat 29, Markstone House, London has 2 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated January 2017.
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 29 Markstone House London as £462,221 and the rental value as £2,416 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 29 Markstone House London has decreased by £19 (0.0%) and its rental value has increased by £78 per month (3.2%).
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 29, Markstone House, London is in very good condition we estimate a sale value of £485,332 and rental value of £2,537 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £429,866 and a rental value of £2,247 per month.
If you were able to purchase this property for the estimated value of £462,221, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,272 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 29, Markstone House, London was last sold on 01 Aug 2017 for £525,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2017, the market for similar properties has dropped 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 29, Markstone House, London within a radius of 200 metres over the last 2 years.
The most recent example is Flat 8, Tadworth House, Webber Street, London, SE1 0RH, a Leasehold flat which sold for £472,500 in Jul 2022.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 200 metres radius of Flat 29, Markstone House, London over the last 2 years.
Most recently Flat 10, Sharpley Court 8A, Pocock Street, London, SE1 0BJ, a Leasehold flat let by Saint Andrews Bureau in Sep 2023.
Lancaster Street, London, SE1 has a total of 106 addresses. According to our analysis of all the public data, Flat 29, Markstone House, London is the 67th largest and the 78th most expensive property on the street.
When compared to the postcode district it is £186k less expensive than the average property in SE1.
Flat 29, Markstone House, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 Jan 2017.
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 29, Markstone House, London is Southwark station which is 400 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 29, Markstone House, London, 64.8% of property is socially rented and 22.2% 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 29, Markstone House, London, 24.3% of residents are recorded as possessing school level qualifications and 45.5% 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 29, Markstone House, London, the average age was 33.9 and the most common age was 22.
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 29, Markstone House, 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 29, Markstone House, 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.