As updated by Saint Andrews Bureau in Mar 2024, Flat 92, 3, Cornell Square, London is a modern 110 year lease apartment with 828 ft2 of internal area comprising 2 bedrooms with a balcony.
There are 110 years remaining on the lease.
The apartment is in 3, Cornell Square, London, SW8.
Cornell Square, London, SW8 is located in the borough of Lambeth within the SW8 postal district.
Based on both the data supplied by Saint Andrews Bureau and the public information available in the area, we estimate the current sale value for Flat 92 3 Cornell Square London as £553,236 and the rental value as £2,621 per month giving an expected gross yield of 5.7%.
Saint Andrews Bureau described the decorative condition as fair in Mar 2024.
Over the last 12 months the sale value of Flat 92 3 Cornell Square London has decreased by £990 (0.2%) and its rental value has increased by £101 per month (3.9%).
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 92, 3, Cornell Square, London is in very good condition we estimate a sale value of £580,897 and rental value of £2,752 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £514,509 and a rental value of £2,437 per month.
If you were able to purchase this property for the estimated value of £553,236, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,719 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 92, 3, Cornell Square, London was last sold on 08 Jan 2010 for £335,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2010, the market for similar properties has risen 69.5%
According to Saint Andrews Bureau , Flat 92, 3, Cornell Square, London was let once since 2021 with the latest being in Mar 2024 for an undisclosed price.
Since Mar 2024, the market values of similar properties has risen 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 92, 3, Cornell Square, London within a radius of 320 metres over the last 2 years.
The most recent example is Flat 114, 3, Cornell Square, London, SW8 2ES, a Leasehold flat which sold for £610,000 in Aug 2023.
Read more about house prices in SW8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cornell Square, London, SW8 has a total of 157 addresses. According to our analysis of all the public data, Flat 92, 3, Cornell Square, London is the 47th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £30k less expensive than the average property in SW8.
Flat 92, 3, Cornell Square, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Oct 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using elecric underfloor heating.
The closest station to Flat 92, 3, Cornell Square, London is Nine Elms 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 92, 3, Cornell Square, London, 47.8% of property is privately rented and 22.3% 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 92, 3, Cornell Square, London, 10.2% of residents are recorded as possessing school level qualifications and 79.0% 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 92, 3, Cornell Square, 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 92, 3, Cornell Square, 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 92, 3, Cornell Square, 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.