According to the public record, Flat 9, Langley Mansions, London is a period leasehold apartment with 818 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Langley Mansions, Langley Lane, London, SW8.
Langley Lane, London, SW8 is located in the borough of Lambeth within the SW8 postal district.
Flat 9, Langley Mansions, London has a single entry in the Land Registry database from December 2014 and a single entry in the EPC database dated May 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 9 Langley Mansions London as £507,612 and the rental value as £2,630 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Flat 9 Langley Mansions London has decreased by £555 (0.1%) and its rental value has increased by £98 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 9, Langley Mansions, London is in very good condition we estimate a sale value of £532,992 and rental value of £2,762 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £472,079 and a rental value of £2,446 per month.
If you were able to purchase this property for the estimated value of £507,612, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,495 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 9, Langley Mansions, London was last sold on 05 Dec 2014 for £610,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2014, the market for similar properties has dropped 10.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, Langley Mansions, London within a radius of 230 metres over the last 2 years.
The most recent example is Flat 14, Park Mansions, South Lambeth Road, London, SW8 1TP, a Leasehold flat which sold for £635,000 in May 2022.
Read more about house prices in SW8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Langley Lane, London, SW8 has a total of 59 addresses. According to our analysis of all the public data, Flat 9, Langley Mansions, London is the 23rd largest and the 38th most expensive property on the street.
When compared to the postcode district it is £75k less expensive than the average property in SW8.
Flat 9, Langley Mansions, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 May 2023.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 9, Langley Mansions, London is Vauxhall station which is 200 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 9, Langley Mansions, London, 47.1% of property is privately rented and 25.9% 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 9, Langley Mansions, London, 20.3% of residents are recorded as possessing school level qualifications and 68.0% 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 9, Langley Mansions, London, the average age was 35.3 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 9, Langley Mansions, London, 1.5% 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 9, Langley Mansions, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.