As updated by Your Home Managed in May 2024, Flat 3, Springfield House, London is a mid-century 119 year lease apartment with 409 ft2 of internal area comprising 2 bedrooms with a garden.
There are 119 years remaining on the lease.
The apartment is in Springfield House, Lettsom Street, London, SE5.
Lettsom Street, London, SE5 is located in the borough of Southwark within the SE5 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 Springfield House London as £329,015 and the rental value as £2,055 per month giving an expected gross yield of 7.5%.
Your Home Managed described the decorative condition as fair in May 2024.
Over the last 12 months the sale value of Flat 3 Springfield House London has increased by £9,575 (2.9%) and its rental value has increased by £100 per month (4.8%).
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, Springfield House, London is in very good condition we estimate a sale value of £345,465 and rental value of £2,158 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £305,984 and a rental value of £1,911 per month.
If you were able to purchase this property for the estimated value of £329,015, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,617 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 Your Home Managed , Flat 3, Springfield House, London was let once since 2021 with the latest being in May 2024 for an undisclosed price.
Since May 2024, the market values of similar properties has risen 3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 3, Springfield House, London within a radius of 360 metres over the last 2 years.
The most recent example is 45B, Wilson Road, London, SE5 8PE, a Leasehold flat which sold for £370,000 in May 2023.
Read more about house prices in SE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lettsom Street, London, SE5 has a total of 74 addresses. According to our analysis of all the public data, Flat 3, Springfield House, London is the 67th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £187k less expensive than the average property in SE5.
Flat 3, Springfield House, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 May 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 3, Springfield House, London is Denmark 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, Springfield House, London, 65.1% of property is socially rented and 17.8% 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 3, Springfield House, London, 20.0% of residents are recorded as possessing school level qualifications and 49.7% 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, Springfield House, London, the average age was 36.7 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, Springfield House, London, 0.8% 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, Springfield House, 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.