As updated by London Property Management in May 2022, Flat 402, 10, Cutter Lane, London is a modern 232 year lease apartment with 990 ft2 of internal area comprising 2 bedrooms with a balcony and roof terrace.
There are 232 years remaining on the lease.
The apartment is in 10, Cutter Lane, London, SE10.
Cutter Lane, London, SE10 is located in the borough of Greenwich within the SE10 postal district.
Based on both the data supplied by London Property Management and the public information available in the area, we estimate the current sale value for Flat 402 10 Cutter Lane London as £829,316 and the rental value as £3,507 per month giving an expected gross yield of 5.1%.
London Property Management described the decorative condition as fair in May 2022.
Over the last 12 months the sale value of Flat 402 10 Cutter Lane London has decreased by £9,497 (1.1%) and its rental value has increased by £171 per month (4.9%).
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 402, 10, Cutter Lane, London is in very good condition we estimate a sale value of £870,782 and rental value of £3,682 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £771,264 and a rental value of £3,262 per month.
If you were able to purchase this property for the estimated value of £829,316, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,076 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 402, 10, Cutter Lane, London was last sold on 20 Dec 2019 for £745,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2019, the market for similar properties has dropped 3.1%
According to London Property Management , Flat 402, 10, Cutter Lane, London was let once since 2021 with the latest being in Mar 2022 for an undisclosed price.
Since Mar 2022, the market values of similar properties has risen 21.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 402, 10, Cutter Lane, London within a radius of 670 metres over the last 2 years.
The most recent example is Flat 1604, 8, Cutter Lane, London, SE10 0YX, a Leasehold flat which sold for £898,500 in Aug 2021.
Read more about house prices in SE10.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cutter Lane, London, SE10 has a total of 896 addresses. According to our analysis of all the public data, Flat 402, 10, Cutter Lane, London is the 120th largest and the 123rd most expensive property on the street.
When compared to the postcode district it is £266k more expensive than the average property in SE10.
Flat 402, 10, Cutter Lane, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Oct 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 402, 10, Cutter Lane, London is North Greenwich 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 402, 10, Cutter Lane, London, 33.0% of property is privately rented and 28.7% is socially 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 402, 10, Cutter Lane, London, 23.8% of residents are recorded as possessing school level qualifications and 47.7% 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 402, 10, Cutter Lane, London, the average age was 31.6 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 402, 10, Cutter Lane, London, 0.7% 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 402, 10, Cutter Lane, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.