According to the public record, Flat 57, Merlin Court 28, London is a modern leasehold apartment with 828 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Merlin Court, Handley Drive, London, SE3.
Handley Drive, London, SE3 is located in the borough of Greenwich within the SE3 postal district.
Flat 57, Merlin Court 28, London has 2 entries in the Land Registry database, most recently in May 2022 and a single entry in the EPC database dated August 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 57 Merlin Court 28 London as £495,360 and the rental value as £2,341 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Flat 57 Merlin Court 28 London has increased by £1,670 (0.3%) and its rental value has increased by £127 per month (5.4%).
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 57, Merlin Court 28, London is in very good condition we estimate a sale value of £520,128 and rental value of £2,458 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £460,685 and a rental value of £2,177 per month.
If you were able to purchase this property for the estimated value of £495,360, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,435 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 57, Merlin Court 28, London was last sold on 04 May 2022 for £237,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2022, the market for similar properties has dropped 1.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 57, Merlin Court 28, London within a radius of 470 metres over the last 2 years.
The most recent example is Flat 48, Merlin Court 28, Handley Drive, London, SE3 9BW, a Leasehold flat which sold for £570,000 in Jan 2023.
Read more about house prices in SE3.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let of a property similar to Flat 57, Merlin Court 28, London within a radius of 470 metres over the last 2 years.
Most recently Flat 1003, Hopgood Tower 15, Pegler Square, London, SE3 9FX, a Leasehold flat let by London Property Management in Mar 2021.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Handley Drive, London, SE3 has a total of 166 addresses. According to our analysis of all the public data, Flat 57, Merlin Court 28, London is the 75th largest and the 58th most expensive property on the street.
When compared to the postcode district it is £148k less expensive than the average property in SE3.
Flat 57, Merlin Court 28, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Aug 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to Flat 57, Merlin Court 28, London is Kidbrooke station which is 400 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 57, Merlin Court 28, London, 39.8% of property is privately rented and 25.3% 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 57, Merlin Court 28, London, 20.9% of residents are recorded as possessing school level qualifications and 40.0% 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 57, Merlin Court 28, London, the average age was 37.2 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 57, Merlin Court 28, 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 57, Merlin Court 28, London, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.