According to the public record, Flat N, 2, Transom Close, London is a modern leasehold apartment with 312 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 2, Transom Close, London, SE16.
Transom Close, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Flat N, 2, Transom Close, London has 51 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated April 2015.
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 N 2 Transom Close London as £247,877 and the rental value as £1,413 per month giving an expected gross yield of 6.8%.
Over the last 12 months the sale value of Flat N 2 Transom Close London has increased by £3,178 (1.3%) and its rental value has increased by £67 per month (4.8%).
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 N, 2, Transom Close, London is in very good condition we estimate a sale value of £260,271 and rental value of £1,484 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £230,526 and a rental value of £1,314 per month.
If you were able to purchase this property for the estimated value of £247,877, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,218 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 N, 2, Transom Close, London was last sold on 22 Jun 2021 for £265,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since Jun 2021, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat N, 2, Transom Close, London within a radius of 230 metres over the last 2 years.
The most recent example is Flat J, 5, Transom Close, London, SE16 7FH, a Leasehold flat which sold for £240,000 in Jan 2024.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our network of Estate Agents report 2 lets within a 230 metres radius of Flat N, 2, Transom Close, London over the last 2 years.
Most recently Flat 47, Oslo Tower, Naomi Street, London, SE8 5EP, a Leasehold flat let by London Property Management in Jun 2022.
Transom Close, London, SE16 has a total of 59 addresses. According to our analysis of all the public data, Flat N, 2, Transom Close, London is the 53rd largest and the 56th most expensive property on the street.
When compared to the postcode district it is £226k less expensive than the average property in SE16.
Flat N, 2, Transom Close, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 03 Apr 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Flat N, 2, Transom Close, London is Surrey Quays station which is 800 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 N, 2, Transom Close, London, 71.9% of property is privately rented and 21.3% 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 N, 2, Transom Close, London, 7.0% of residents are recorded as possessing school level qualifications and 71.2% 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 N, 2, Transom Close, London, the average age was 34.7 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 N, 2, Transom Close, London, 1.8% 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 N, 2, Transom Close, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.