According to the public record, Flat 4, Newman House 2, London is a modern leasehold apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Newman House, Garrison Close, London, SE18.
Garrison Close, London, SE18 is located in the borough of Greenwich within the SE18 postal district.
Flat 4, Newman House 2, London has 21 entries in the Land Registry database, most recently in June 2016 and a single entry in the EPC database dated April 2016.
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 Newman House 2 London as £249,524 and the rental value as £1,499 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of Flat 4 Newman House 2 London has increased by £6,331 (2.5%) and its rental value has increased by £102 per month (6.8%).
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 4, Newman House 2, London is in very good condition we estimate a sale value of £262,000 and rental value of £1,574 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £232,057 and a rental value of £1,394 per month.
If you were able to purchase this property for the estimated value of £249,524, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,226 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, Newman House 2, London was last sold on 17 Jun 2016 for £250,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jun 2016, the market for similar properties has risen 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 4, Newman House 2, London within a radius of 490 metres over the last 2 years.
The most recent example is 29 Kitchener House, Ashmore Road, London, SE18 4AT, a Leasehold flat which sold for £88,500 in Aug 2022.
Read more about house prices in SE18.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Garrison Close, London, SE18 has a total of 12 addresses. According to our analysis of all the public data, Flat 4, Newman House 2, London is the 9th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in SE18.
Flat 4, Newman House 2, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Apr 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Flat 4, Newman House 2, London is Woolwich Arsenal station which is 1.8 kilometres 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, Newman House 2, London, 30.9% of property is socially rented and 30.9% 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, Newman House 2, London, 25.5% of residents are recorded as possessing school level qualifications and 42.1% 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, Newman House 2, London, the average age was 33.7 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 4, Newman House 2, London, 0.5% 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, Newman House 2, London, there are an average of 0.7 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.