According to the public record, Flat 5, 38, Lancaster Road, London is a period leasehold apartment with 452 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 38, Lancaster Road, London, SE25.
Lancaster Road, London, SE25 is located in the borough of Croydon within the SE25 postal district.
Flat 5, 38, Lancaster Road, London has 31 entries in the Land Registry database, most recently in May 2008 and a single entry in the EPC database dated February 2023.
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 5 38 Lancaster Road London as £302,540 and the rental value as £1,388 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 5 38 Lancaster Road London has increased by £7,085 (2.3%) and its rental value has increased by £38 per month (2.8%).
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 5, 38, Lancaster Road, London is in very good condition we estimate a sale value of £317,667 and rental value of £1,458 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £281,362 and a rental value of £1,291 per month.
If you were able to purchase this property for the estimated value of £302,540, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,487 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 5, 38, Lancaster Road, London was last sold on 14 May 2008 for £177,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since May 2008, the market for similar properties has risen 65.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 38, Lancaster Road, London within a radius of 500 metres over the last 2 years.
The most recent example is 74A, Auckland Road, London, SE19 2DH, a Leasehold flat which sold for £360,000 in Feb 2024.
Read more about house prices in SE25.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lancaster Road, London, SE25 has a total of 248 addresses. According to our analysis of all the public data, Flat 5, 38, Lancaster Road, London is the 241st largest and the 99th most expensive property on the street.
When compared to the postcode district it is £69k less expensive than the average property in SE25.
Flat 5, 38, Lancaster Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Feb 2023.
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 5, 38, Lancaster Road, London is Norwood Junction station which is 700 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 5, 38, Lancaster Road, London, 42.7% of property is socially rented and 32.0% 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 5, 38, Lancaster Road, London, 21.4% of residents are recorded as possessing school level qualifications and 41.2% 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 5, 38, Lancaster Road, London, the average age was 36 and the most common age was 37.
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 5, 38, Lancaster Road, 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 5, 38, Lancaster Road, 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.