According to the public record, Flat 3, 2, Gainsford Street, London is a period leasehold apartment with 914 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Gainsford Street, London, SE1.
Gainsford Street, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Flat 3, 2, Gainsford Street, London has a single entry in the Land Registry database from May 2022 and a single entry in the EPC database dated March 2021.
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 3 2 Gainsford Street London as £706,959 and the rental value as £3,125 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 3 2 Gainsford Street London has decreased by £8,315 (1.2%) and its rental value has increased by £68 per month (2.2%).
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 3, 2, Gainsford Street, London is in very good condition we estimate a sale value of £742,307 and rental value of £3,282 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £657,472 and a rental value of £2,907 per month.
If you were able to purchase this property for the estimated value of £706,959, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,474 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 3, 2, Gainsford Street, London was last sold on 20 May 2022 for £875,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has dropped 4.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 2, Gainsford Street, London within a radius of 220 metres over the last 2 years.
The most recent example is Flat 151, The Circle, Queen Elizabeth Street, London, SE1 2JL, a Leasehold flat which sold for £790,000 in Jan 2024.
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 3 lets within a 220 metres radius of Flat 3, 2, Gainsford Street, London over the last 2 years.
Most recently 27 Balmoral House, Earls Way, London, SE1 2QR, a Leasehold flat let by Saint Andrews Bureau in Dec 2023.
Gainsford Street, London, SE1 has a total of 190 addresses. According to our analysis of all the public data, Flat 3, 2, Gainsford Street, London is the 57th largest and the 90th most expensive property on the street.
When compared to the postcode district it is £59k more expensive than the average property in SE1.
Flat 3, 2, Gainsford Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Mar 2021.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 3, 2, Gainsford Street, London is Bermondsey station which is 800 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 3, 2, Gainsford Street, London, 58.9% of property is privately rented and 20.0% is privately owned outright.
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 3, 2, Gainsford Street, London, 46.7% of residents are recorded as possessing school level qualifications and 89.8% 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 3, 2, Gainsford Street, London, the average age was 34.4 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 3, 2, Gainsford Street, 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 3, 2, Gainsford Street, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.