According to the public record, Flat 8, Vertex Tower 3, London is a modern leasehold apartment with 723 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Vertex Tower, Harmony Place, London, SE8.
Harmony Place, London, SE8 is located in the borough of Greenwich within the SE8 postal district.
Flat 8, Vertex Tower 3, London has a single entry in the Land Registry database from July 2017 and a single entry in the EPC database dated December 2011.
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 Vertex Tower 3 London as £471,257 and the rental value as £2,138 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat 8 Vertex Tower 3 London has decreased by £4,978 (1.1%) and its rental value has increased by £80 per month (3.8%).
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, Vertex Tower 3, London is in very good condition we estimate a sale value of £494,820 and rental value of £2,244 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £438,269 and a rental value of £1,988 per month.
If you were able to purchase this property for the estimated value of £471,257, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,316 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, Vertex Tower 3, London was last sold on 01 Jul 2017 for £121,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2017, the market for similar properties has dropped 7.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 8, Vertex Tower 3, London within a radius of 280 metres over the last 2 years.
The most recent example is 56 Bowspirit Apartments, Creekside, London, SE8 3GP, a Leasehold flat which sold for £586,000 in Mar 2023.
Read more about house prices in SE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Harmony Place, London, SE8 has a total of 87 addresses. According to our analysis of all the public data, Flat 8, Vertex Tower 3, London is the 46th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £81k more expensive than the average property in SE8.
Flat 8, Vertex Tower 3, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Dec 2011.
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 8, Vertex Tower 3, London is Deptford 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, Vertex Tower 3, London, 38.1% of property is privately rented and 25.4% is socially 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, Vertex Tower 3, London, 25.7% of residents are recorded as possessing school level qualifications and 70.8% 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, Vertex Tower 3, London, the average age was 31.6 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 8, Vertex Tower 3, London, 0.7% 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, Vertex Tower 3, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.