According to the public record, Flat 4, 24, Hanover Park, London is a period leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
The apartment is in 24, Hanover Park, London, SE15.
Hanover Park, London, SE15 is located in the borough of Southwark within the SE15 postal district.
Flat 4, 24, Hanover Park, London has 111 entries in the Land Registry database, most recently in February 2013 and a single entry in the EPC database dated June 2011.
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 4 24 Hanover Park London as £570,868 and the rental value as £2,499 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 4 24 Hanover Park London has increased by £20,105 (3.5%) and its rental value has increased by £165 per month (6.6%).
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 4, 24, Hanover Park, London is in very good condition we estimate a sale value of £599,412 and rental value of £2,624 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £530,907 and a rental value of £2,324 per month.
If you were able to purchase this property for the estimated value of £570,868, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,806 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 4, 24, Hanover Park, London was last sold on 15 Feb 2013 for £209,000 and was recorded as a leasehold flat.
The property has had 11 sales since 1995.
Since Feb 2013, the market for similar properties has risen 67.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 24, Hanover Park, London within a radius of 360 metres over the last 2 years.
The most recent example is Flat 20, 2A, Highshore Road, London, SE15 5AA, a Leasehold flat which sold for £575,000 in Sep 2021.
Read more about house prices in SE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hanover Park, London, SE15 has a total of 202 addresses. According to our analysis of all the public data, Flat 4, 24, Hanover Park, London is the 55th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in SE15.
Flat 4, 24, Hanover Park, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Jun 2011.
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 4, 24, Hanover Park, London is Peckham Rye station which is 300 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 4, 24, Hanover Park, London, 58.7% of property is socially rented and 19.8% 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 4, 24, Hanover Park, London, 25.3% of residents are recorded as possessing school level qualifications and 37.4% 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 4, 24, Hanover Park, London, the average age was 35 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 4, 24, Hanover Park, 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 4, 24, Hanover Park, 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.