According to the public record, Flat 40, Procter House, London is a mid-century leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Procter House, Avondale Square, London, SE1.
Avondale Square, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Flat 40, Procter House, London has a single entry in the Land Registry database from June 2023 and a single entry in the EPC database dated March 2024.
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 40 Procter House London as £248,449 and the rental value as £1,279 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 40 Procter House London has increased by £4,344 (1.7%) and its rental value has increased by £64 per month (5.0%).
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 40, Procter House, London is in very good condition we estimate a sale value of £260,871 and rental value of £1,343 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £231,057 and a rental value of £1,190 per month.
If you were able to purchase this property for the estimated value of £248,449, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,221 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 40, Procter House, London was last sold on 23 Jun 2023 for £202,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2023, the market for similar properties has risen 2.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 40, Procter House, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 42, Procter House, Avondale Square, London, SE1 5EZ, a Leasehold flat which sold for £260,000 in Apr 2023.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Avondale Square, London, SE1 has a total of 457 addresses. According to our analysis of all the public data, Flat 40, Procter House, London is the 108th largest and the 182nd most expensive property on the street.
When compared to the postcode district it is £400k less expensive than the average property in SE1.
Flat 40, Procter House, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Mar 2024.
The property is not connected to mains gas and has mostly double glazing. It is heated using electric storage heaters.
The closest station to Flat 40, Procter House, London is South Bermondsey station which is 1.0 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 40, Procter House, London, 75.0% of property is socially rented and 8.1% is privately owned outright.
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 40, Procter House, London, 24.5% of residents are recorded as possessing school level qualifications and 37.0% 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 40, Procter House, 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 40, Procter House, London, 1.0% 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 40, Procter House, 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.