According to the public record, Flat 506, 9, Steedman Street, London is a modern leasehold apartment with 753 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in 9, Steedman Street, London, SE17.
Steedman Street, London, SE17 is located in the borough of Southwark within the SE17 postal district.
Flat 506, 9, Steedman Street, London has a single entry in the Land Registry database from March 2008 and a single entry in the EPC database dated September 2022.
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 506 9 Steedman Street London as £538,990 and the rental value as £2,585 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 506 9 Steedman Street London has increased by £957 (0.2%) and its rental value has increased by £111 per month (4.3%).
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 506, 9, Steedman Street, London is in very good condition we estimate a sale value of £565,939 and rental value of £2,714 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £501,260 and a rental value of £2,404 per month.
If you were able to purchase this property for the estimated value of £538,990, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,649 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 506, 9, Steedman Street, London was last sold on 05 Mar 2008 for £380,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2008, the market for similar properties has risen 77.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 506, 9, Steedman Street, London within a radius of 190 metres over the last 2 years.
The most recent example is Flat 603, 9, Steedman Street, London, SE17 3BA, a Leasehold flat which sold for £510,000 in Jan 2024.
Read more about house prices in SE17.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Steedman Street, London, SE17 has a total of 173 addresses. According to our analysis of all the public data, Flat 506, 9, Steedman Street, London is the 74th largest and the 73rd most expensive property on the street.
When compared to the postcode district it is £110k more expensive than the average property in SE17.
Flat 506, 9, Steedman Street, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Sep 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat 506, 9, Steedman Street, London is Elephant & Castle 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 506, 9, Steedman Street, London, 76.3% of property is privately rented and 14.4% is privately owned with a mortgage.
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 506, 9, Steedman Street, London, 8.8% of residents are recorded as possessing school level qualifications and 77.5% 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 506, 9, Steedman Street, London, the average age was 35.2 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 506, 9, Steedman Street, 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 506, 9, Steedman Street, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.