According to the public record, Flat 8, Formby Court, London is a mid-century leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Formby Court, Morgan Road, London, N7.
Morgan Road, London, N7 is located in the borough of Islington within the N7 postal district.
Flat 8, Formby Court, London has 51 entries in the Land Registry database, most recently in August 2017 and a single entry in the EPC database dated March 2024.
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 8 Formby Court London as £366,291 and the rental value as £2,021 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 8 Formby Court London has increased by £5,332 (1.5%) and its rental value has increased by £140 per month (6.9%).
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 8, Formby Court, London is in very good condition we estimate a sale value of £384,606 and rental value of £2,122 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £340,651 and a rental value of £1,879 per month.
If you were able to purchase this property for the estimated value of £366,291, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,800 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 8, Formby Court, London was last sold on 01 Aug 2017 for £390,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Aug 2017, the market for similar properties has dropped 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Formby Court, London within a radius of 310 metres over the last 2 years.
The most recent example is 137, Papworth Gardens, London, N7 8QP, a Leasehold flat which sold for £405,000 in Mar 2023.
Read more about house prices in N7.
*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 8, Formby Court, London within a radius of 310 metres over the last 2 years.
Most recently 25, Amber Court 1, Bride Street, London, N7 8PY, a Leasehold flat let by Fine Living in Aug 2020.
Morgan Road, London, N7 has a total of 99 addresses. According to our analysis of all the public data, Flat 8, Formby Court, London is the 96th largest and the 96th most expensive property on the street.
When compared to the postcode district it is £194k less expensive than the average property in N7.
Flat 8, Formby Court, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Mar 2024.
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 8, Formby Court, London is Drayton Park station which is 500 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 8, Formby Court, London, 52.6% of property is socially rented and 19.7% 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 8, Formby Court, London, 25.5% of residents are recorded as possessing school level qualifications and 48.3% 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 8, Formby Court, London, the average age was 36.6 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 8, Formby 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 8, Formby 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.