According to the public record, Flat 8, Oak Court, London is a mid-century leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Oak Court, Sumner Road, London, SE15.
Sumner Road, London, SE15 is located in the borough of Southwark within the SE15 postal district.
Flat 8, Oak Court, London has a single entry in the Land Registry database from September 2018 and a single entry in the EPC database dated March 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 8 Oak Court London as £275,261 and the rental value as £1,484 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Flat 8 Oak Court London has increased by £2,702 (1.0%) and its rental value has increased by £55 per month (3.7%).
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, Oak Court, London is in very good condition we estimate a sale value of £289,024 and rental value of £1,558 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,993 and a rental value of £1,380 per month.
If you were able to purchase this property for the estimated value of £275,261, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,353 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, Oak Court, London was last sold on 25 Sep 2018 for £240,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2018, 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 8, Oak Court, London within a radius of 300 metres over the last 2 years.
The most recent example is Flat 45, Wickway Court, Cator Street, London, SE15 6QB, a Leasehold flat which sold for £285,000 in Feb 2021.
Read more about house prices in SE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sumner Road, London, SE15 has a total of 440 addresses. According to our analysis of all the public data, Flat 8, Oak Court, London is the 338th largest and the 421st most expensive property on the street.
When compared to the postcode district it is £247k less expensive than the average property in SE15.
Flat 8, Oak Court, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Mar 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Flat 8, Oak Court, London is Peckham Rye station which is 1.0 kilometres 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, Oak Court, London, 75.4% of property is socially rented and 15.3% 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 8, Oak Court, London, 31.2% of residents are recorded as possessing school level qualifications and 39.5% 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 8, Oak Court, London, the average age was 34.8 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, Oak 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, Oak Court, 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.