According to the public record, Flat 59, Malmo Tower, London is a modern leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Malmo Tower, Bailey Street, London, SE8.
Bailey Street, London, SE8 is located in the borough of Lewisham within the SE8 postal district.
Flat 59, Malmo Tower, London has a single entry in the Land Registry database from September 2017 and a single entry in the EPC database dated March 2017.
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 59 Malmo Tower London as £516,995 and the rental value as £2,216 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 59 Malmo Tower London has decreased by £1,792 (0.3%) and its rental value has increased by £80 per month (3.6%).
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 59, Malmo Tower, London is in very good condition we estimate a sale value of £542,844 and rental value of £2,326 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £480,805 and a rental value of £2,060 per month.
If you were able to purchase this property for the estimated value of £516,995, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,541 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 59, Malmo Tower, London was last sold on 29 Sep 2017 for £599,995 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2017, the market for similar properties has dropped 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 59, Malmo Tower, London within a radius of 240 metres over the last 2 years.
The most recent example is Flat 47, Malmo Tower, Bailey Street, London, SE8 5EU, a Leasehold flat which sold for £600,000 in Aug 2023.
Read more about house prices in SE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 240 metres radius of Flat 59, Malmo Tower, London over the last 2 years.
Most recently Flat 47, Oslo Tower, Naomi Street, London, SE8 5EP, a Leasehold flat let by London Property Management in Jun 2022.
Bailey Street, London, SE8 has a total of 154 addresses. According to our analysis of all the public data, Flat 59, Malmo Tower, London is the 76th largest and the 62nd most expensive property on the street.
When compared to the postcode district it is £127k more expensive than the average property in SE8.
Flat 59, Malmo Tower, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Mar 2017.
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 59, Malmo Tower, 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 59, Malmo Tower, London, 44.0% of property is socially rented and 28.9% is privately 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 59, Malmo Tower, London, 18.8% of residents are recorded as possessing school level qualifications and 49.4% 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 59, Malmo Tower, London, the average age was 33.2 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 59, Malmo Tower, London, 0.5% 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 59, Malmo Tower, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.