According to the public record, Flat B, 245, South Lambeth Road, London is a period leasehold apartment with 516 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 245, South Lambeth Road, London, SW8.
South Lambeth Road, London, SW8 is located in the borough of Lambeth within the SW8 postal district.
Flat B, 245, South Lambeth Road, London has 31 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated March 2019.
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 B 245 South Lambeth Road London as £420,587 and the rental value as £2,363 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of Flat B 245 South Lambeth Road London has increased by £3,015 (0.7%) and its rental value has increased by £101 per month (4.3%).
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 B, 245, South Lambeth Road, London is in very good condition we estimate a sale value of £441,616 and rental value of £2,481 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £391,146 and a rental value of £2,197 per month.
If you were able to purchase this property for the estimated value of £420,587, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,067 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 B, 245, South Lambeth Road, London was last sold on 06 Jan 2022 for £446,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2022, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat B, 245, South Lambeth Road, London within a radius of 290 metres over the last 2 years.
The most recent example is 6, Spencer Mews, London, SW8 1HF, a Leasehold flat which sold for £420,000 in Jan 2024.
Read more about house prices in SW8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Lambeth Road, London, SW8 has a total of 1104 addresses. According to our analysis of all the public data, Flat B, 245, South Lambeth Road, London is the 475th largest and the 656th most expensive property on the street.
When compared to the postcode district it is £162k less expensive than the average property in SW8.
Flat B, 245, South Lambeth Road, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Flat B, 245, South Lambeth Road, London is Stockwell station which is 400 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 B, 245, South Lambeth Road, London, 81.1% of property is privately rented and 11.0% 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 B, 245, South Lambeth Road, London, 12.6% of residents are recorded as possessing school level qualifications and 55.5% 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 B, 245, South Lambeth Road, London, the average age was 37.4 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 B, 245, South Lambeth Road, London, 0.0% 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 B, 245, South Lambeth Road, London, there are an average of 0.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.