As updated by Your Home Managed in Apr 2024, Flat 3, 295, Norwood Road, London is a period 105 year lease apartment with 613 ft2 of internal area comprising 2 bedrooms .
There are 105 years remaining on the lease.
The apartment is in 295, Norwood Road, London, SE24.
Norwood Road, London, SE24 is located in the borough of Lambeth within the SE24 postal district.
Based on both the data supplied by Your Home Managed and the public information available in the area, we estimate the current sale value for Flat 3 295 Norwood Road London as £485,361 and the rental value as £1,967 per month giving an expected gross yield of 4.9%.
Your Home Managed described the decorative condition as fair in Apr 2024.
Over the last 12 months the sale value of Flat 3 295 Norwood Road London has increased by £11,989 (2.5%) and its rental value has increased by £70 per month (3.6%).
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, 295, Norwood Road, London is in very good condition we estimate a sale value of £509,629 and rental value of £2,065 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £451,386 and a rental value of £1,829 per month.
If you were able to purchase this property for the estimated value of £485,361, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,385 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, 295, Norwood Road, London was last sold on 15 Sep 2006 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to Your Home Managed , Flat 3, 295, Norwood Road, London was let once since 2021 with the latest being in Apr 2024 for an undisclosed price.
Since Apr 2024, the market values of similar properties has risen 2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, 295, Norwood Road, London within a radius of 390 metres over the last 2 years.
The most recent example is Flat 3, 293, Norwood Road, London, SE24 9AQ, a Leasehold flat which sold for £450,000 in Jun 2024.
Read more about house prices in SE24.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets within a 390 metres radius of Flat 3, 295, Norwood Road, London over the last 2 years.
Most recently Flat 8, 45, Trinity Rise, London, SW2 2QP, a Leasehold flat let by Your Home Managed in Jun 2024.
Norwood Road, London, SE24 has a total of 544 addresses. According to our analysis of all the public data, Flat 3, 295, Norwood Road, London is the 325th largest and the 285th most expensive property on the street.
When compared to the postcode district it is £416k less expensive than the average property in SE24.
Flat 3, 295, Norwood Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Jun 2020.
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, 295, Norwood Road, London is Tulse Hill 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 3, 295, Norwood Road, London, 45.6% of property is privately rented and 25.2% is privately owned with a mortgage.
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, 295, Norwood Road, London, 18.8% of residents are recorded as possessing school level qualifications and 60.4% 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, 295, Norwood Road, London, the average age was 37.2 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 3, 295, Norwood Road, 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 3, 295, Norwood Road, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.