According to the public record, Flat 506, Baltic Quay 1, London is a modern leasehold apartment with 968 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Baltic Quay, Sweden Gate, London, SE16.
Sweden Gate, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Flat 506, Baltic Quay 1, London has 31 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated October 2019.
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 Baltic Quay 1 London as £573,693 and the rental value as £3,054 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of Flat 506 Baltic Quay 1 London has increased by £5,668 (1.0%) and its rental value has increased by £146 per month (4.8%).
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 506, Baltic Quay 1, London is in very good condition we estimate a sale value of £602,377 and rental value of £3,207 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £533,534 and a rental value of £2,840 per month.
If you were able to purchase this property for the estimated value of £573,693, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,820 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, Baltic Quay 1, London was last sold on 19 Aug 2022 for £584,950 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Aug 2022, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 506, Baltic Quay 1, London within a radius of 260 metres over the last 2 years.
The most recent example is Flat 106, Baltic Quay 1, Sweden Gate, London, SE16 7TG, a Leasehold flat which sold for £500,000 in Feb 2024.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 3 lets within a 260 metres radius of Flat 506, Baltic Quay 1, London over the last 2 years.
Most recently 44, Greenland Quay, London, SE16 7RW, a Freehold house let by Saint Andrews Bureau in May 2023.
Sweden Gate, London, SE16 has a total of 186 addresses. According to our analysis of all the public data, Flat 506, Baltic Quay 1, London is the 55th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £100k more expensive than the average property in SE16.
Flat 506, Baltic Quay 1, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Oct 2019.
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, Baltic Quay 1, London is Surrey Quays 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 506, Baltic Quay 1, London, 49.3% of property is privately rented and 26.8% 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, Baltic Quay 1, London, 8.3% of residents are recorded as possessing school level qualifications and 89.6% 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, Baltic Quay 1, London, the average age was 34.7 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, Baltic Quay 1, London, 4.5% 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, Baltic Quay 1, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.