According to the public record, Flat A, 15, Somerset Gardens, London is a period leasehold apartment with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 15, Somerset Gardens, London, SE13.
Somerset Gardens, London, SE13 is located in the borough of Lewisham within the SE13 postal district.
Flat A, 15, Somerset Gardens, London has a single entry in the Land Registry database from August 2020 and a single entry in the EPC database dated February 2020.
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 A 15 Somerset Gardens London as £463,542 and the rental value as £2,082 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of Flat A 15 Somerset Gardens London has increased by £8,774 (1.9%) and its rental value has increased by £117 per month (5.6%).
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 A, 15, Somerset Gardens, London is in very good condition we estimate a sale value of £486,719 and rental value of £2,187 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £431,094 and a rental value of £1,937 per month.
If you were able to purchase this property for the estimated value of £463,542, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,278 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 A, 15, Somerset Gardens, London was last sold on 24 Aug 2020 for £570,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2020, the market for similar properties has risen 4.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat A, 15, Somerset Gardens, London within a radius of 300 metres over the last 2 years.
The most recent example is First Floor Flat, 30, Tyrwhitt Road, London, SE4 1QG, a Leasehold flat which sold for £412,000 in Aug 2023.
Read more about house prices in SE13.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerset Gardens, London, SE13 has a total of 36 addresses. According to our analysis of all the public data, Flat A, 15, Somerset Gardens, London is the 20th largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £19k less expensive than the average property in SE13.
Flat A, 15, Somerset Gardens, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Feb 2020.
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 A, 15, Somerset Gardens, London is Elverson Road 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 A, 15, Somerset Gardens, London, 33.3% of property is privately rented and 26.7% 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 A, 15, Somerset Gardens, London, 25.1% of residents are recorded as possessing school level qualifications and 57.6% 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 A, 15, Somerset Gardens, London, the average age was 37.2 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 A, 15, Somerset Gardens, London, 2.7% 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 A, 15, Somerset Gardens, 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.