According to the public record, Flat A, 16, Melbourne Grove, London is a period leasehold apartment with 570 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 16, Melbourne Grove, London, SE22.
Melbourne Grove, London, SE22 is located in the borough of Southwark within the SE22 postal district.
Flat A, 16, Melbourne Grove, London has a single entry in the Land Registry database from September 2019 and a single entry in the EPC database dated October 2018.
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 16 Melbourne Grove London as £448,489 and the rental value as £2,050 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of Flat A 16 Melbourne Grove London has increased by £9,641 (2.1%) and its rental value has increased by £101 per month (4.9%).
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 A, 16, Melbourne Grove, London is in very good condition we estimate a sale value of £470,913 and rental value of £2,152 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £417,094 and a rental value of £1,906 per month.
If you were able to purchase this property for the estimated value of £448,489, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,204 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, 16, Melbourne Grove, London was last sold on 27 Sep 2019 for £319,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2019, the market for similar properties has risen 5.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat A, 16, Melbourne Grove, London within a radius of 370 metres over the last 2 years.
The most recent example is 88A, Melbourne Grove, London, SE22 8QY, a Leasehold flat which sold for £431,000 in Jul 2023.
Read more about house prices in SE22.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 1 let within a 370 metres radius of Flat A, 16, Melbourne Grove, London over the last 2 years.
Most recently 26, Hayes Grove, London, SE22 8DF, a Leasehold flat let by Your Home Managed in May 2023.
Melbourne Grove, London, SE22 has a total of 216 addresses. According to our analysis of all the public data, Flat A, 16, Melbourne Grove, London is the 155th largest and the 162nd most expensive property on the street.
When compared to the postcode district it is £294k less expensive than the average property in SE22.
Flat A, 16, Melbourne Grove, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Oct 2018.
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, 16, Melbourne Grove, London is East Dulwich station which is 100 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, 16, Melbourne Grove, London, 38.9% of property is privately rented and 38.3% 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, 16, Melbourne Grove, London, 13.2% of residents are recorded as possessing school level qualifications and 76.6% 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, 16, Melbourne Grove, London, the average age was 35.9 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, 16, Melbourne Grove, London, 2.2% 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, 16, Melbourne Grove, 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.