According to the public record, Flat 51, Paynell Court, London is a mid-century leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Paynell Court, Lawn Terrace, London, SE3.
Lawn Terrace, London, SE3 is located in the borough of Lewisham within the SE3 postal district.
Flat 51, Paynell Court, London has a single entry in the Land Registry database from December 2020 and a single entry in the EPC database dated January 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 51 Paynell Court London as £380,074 and the rental value as £1,922 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Flat 51 Paynell Court London has increased by £5,452 (1.4%) and its rental value has increased by £120 per month (6.2%).
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 51, Paynell Court, London is in very good condition we estimate a sale value of £399,078 and rental value of £2,018 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £353,469 and a rental value of £1,787 per month.
If you were able to purchase this property for the estimated value of £380,074, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,868 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 51, Paynell Court, London was last sold on 04 Dec 2020 for £367,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2020, the market for similar properties has risen 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 51, Paynell Court, London within a radius of 430 metres over the last 2 years.
The most recent example is Flat 57, Paynell Court, Lawn Terrace, London, SE3 9LN, a Leasehold flat which sold for £400,000 in Aug 2022.
Read more about house prices in SE3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lawn Terrace, London, SE3 has a total of 100 addresses. According to our analysis of all the public data, Flat 51, Paynell Court, London is the 47th largest and the 69th most expensive property on the street.
When compared to the postcode district it is £263k less expensive than the average property in SE3.
Flat 51, Paynell Court, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Jan 2016.
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 51, Paynell Court, London is Blackheath station which is 200 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 51, Paynell Court, London, 42.9% of property is privately rented and 30.7% 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 51, Paynell Court, London, 19.8% of residents are recorded as possessing school level qualifications and 55.6% 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 51, Paynell Court, London, the average age was 39.2 and the most common age was 32.
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 51, Paynell Court, 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 51, Paynell Court, 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.