According to the public record, Flat 8, Tavistock Tower, London is a modern leasehold apartment with 861 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a balcony.
The apartment is in Tavistock Tower, Russell Place, London, SE16.
Russell Place, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Flat 8, Tavistock Tower, London has 4 entries in the Land Registry database, most recently in December 2020 and a single entry in the EPC database dated February 2014.
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 Tavistock Tower London as £604,390 and the rental value as £2,898 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of Flat 8 Tavistock Tower London has increased by £3,761 (0.6%) and its rental value has increased by £126 per month (4.3%).
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, Tavistock Tower, London is in very good condition we estimate a sale value of £634,610 and rental value of £3,043 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £562,083 and a rental value of £2,696 per month.
If you were able to purchase this property for the estimated value of £604,390, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,970 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, Tavistock Tower, London was last sold on 17 Dec 2020 for £530,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2020, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Tavistock Tower, London within a radius of 360 metres over the last 2 years.
The most recent example is Flat 42, Elder House 16, Quebec Way, London, SE16 7ES, a Leasehold flat which sold for £700,000 in Oct 2023.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 360 metres radius of Flat 8, Tavistock Tower, London over the last 2 years.
Most recently 44, Greenland Quay, London, SE16 7RW, a Freehold house let by Saint Andrews Bureau in May 2023.
Russell Place, London, SE16 has a total of 35 addresses. According to our analysis of all the public data, Flat 8, Tavistock Tower, London is the 9th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £131k more expensive than the average property in SE16.
Flat 8, Tavistock Tower, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Feb 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric ceiling heating.
The closest station to Flat 8, Tavistock Tower, London is Surrey Quays station which is 600 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, Tavistock Tower, London, 48.7% of property is privately rented and 35.4% 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, Tavistock Tower, London, 14.3% of residents are recorded as possessing school level qualifications and 84.7% 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, Tavistock Tower, London, the average age was 34.7 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, Tavistock Tower, 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, Tavistock Tower, 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.