According to the public record, Flat 5, 53, Tower Bridge Road, London is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 53, Tower Bridge Road, London, SE1.
Tower Bridge Road, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Flat 5, 53, Tower Bridge Road, London has a single entry in the Land Registry database from 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 5 53 Tower Bridge Road London as £455,519 and the rental value as £2,079 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat 5 53 Tower Bridge Road London has decreased by £719 (0.2%) and its rental value has increased by £59 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, 53, Tower Bridge Road, London is in very good condition we estimate a sale value of £478,295 and rental value of £2,183 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £423,632 and a rental value of £1,933 per month.
If you were able to purchase this property for the estimated value of £455,519, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,239 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, 53, Tower Bridge Road, London was last sold on 15 Jun 2016 for £476,600 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2016, the market for similar properties has dropped 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 5, 53, Tower Bridge Road, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 2-15, The School House, Pages Walk, London, SE1 4HG, a Leasehold flat which sold for £445,000 in Nov 2022.
Read more about house prices in SE1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Tower Bridge Road, London, SE1 has a total of 363 addresses. According to our analysis of all the public data, Flat 5, 53, Tower Bridge Road, London is the 310th largest and the 262nd most expensive property on the street.
When compared to the postcode district it is £192k less expensive than the average property in SE1.
Flat 5, 53, Tower Bridge Road, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Apr 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 5, 53, Tower Bridge Road, London is Borough station which is 900 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, 53, Tower Bridge Road, London, 63.0% of property is privately rented and 26.6% 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 5, 53, Tower Bridge Road, London, 22.1% of residents are recorded as possessing school level qualifications and 56.7% 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 5, 53, Tower Bridge Road, 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 5, 53, Tower Bridge 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, 53, Tower Bridge Road, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.