According to the public record, Flat 4, 56, Drewstead Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a early-century apartment with 204 ft2 of internal area and a garden.
Apartments of this size in this area are normally studios.
The apartment is in 56, Drewstead Road, London, SW16.
Drewstead Road, London, SW16 is located in the borough of Lambeth within the SW16 postal district.
Flat 4, 56, Drewstead Road, London has 2 entries in the Land Registry database, most recently in October 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the 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 56 Drewstead Road London as £186,664 and the rental value as £984 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Flat 4 56 Drewstead Road London has increased by £8,216 (4.4%) and its rental value has increased by £58 per month (5.9%).
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, 56, Drewstead Road, London is in very good condition we estimate a sale value of £195,997 and rental value of £1,033 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £173,597 and a rental value of £915 per month.
If you were able to purchase this property for the estimated value of £186,664, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £917 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, 56, Drewstead Road, London was last sold on 14 Oct 2021 for £180,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2021, the market for similar properties has risen 6.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, 56, Drewstead Road, London within a radius of 460 metres over the last 2 years.
The most recent example is Flat 3, 55, Drewstead Road, London, SW16 1AA, a Leasehold flat which sold for £215,000 in Oct 2018.
Read more about house prices in SW16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 460 metres radius of Flat 4, 56, Drewstead Road, London over the last 2 years.
Most recently 26, Dorrien Walk, London, SW16 1AR, a Freehold house let by Your Home Managed in Sep 2023.
Drewstead Road, London, SW16 has a total of 270 addresses. According to our analysis of all the public data, Flat 4, 56, Drewstead Road, London is the 265th largest and the 267th most expensive property on the street.
When compared to the postcode district it is £360k less expensive than the average property in SW16.
Flat 4, 56, Drewstead Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Mar 2012.
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, 56, Drewstead Road, London is Streatham Hill station which is 500 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, 56, Drewstead Road, London, 44.9% of property is socially rented and 22.9% 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 4, 56, Drewstead Road, London, 19.6% of residents are recorded as possessing school level qualifications and 50.2% 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, 56, Drewstead Road, London, the average age was 36.8 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, 56, Drewstead Road, London, 2.1% 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, 56, Drewstead Road, London, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.