According to the public record, Flat 507, 9, Steedman Street, London is a modern leasehold apartment with 645 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 507, 9, Steedman Street, London has a single entry in the Land Registry database from January 2006 and a single entry in the EPC database dated June 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 507 9 Steedman Street London as £483,021 and the rental value as £2,317 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 507 9 Steedman Street London has increased by £858 (0.2%) and its rental value has increased by £100 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 507, 9, Steedman Street, London is in very good condition we estimate a sale value of £507,172 and rental value of £2,433 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £449,210 and a rental value of £2,155 per month.
If you were able to purchase this property for the estimated value of £483,021, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,374 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 507, 9, Steedman Street, London was last sold on 06 Jan 2006 for £249,999 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 507, 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 507, 9, Steedman Street, London is the 138th largest and the 147th most expensive property on the street.
When compared to the postcode district it is £54k more expensive than the average property in SE17.
Flat 507, 9, Steedman Street, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Jun 2023.
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 507, 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 507, 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 507, 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 507, 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 507, 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 507, 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.