According to the public record, Second Floor Flat, 40, Herne Hill Road, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 569 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 40, Herne Hill Road, London, SE24.
Herne Hill Road, London, SE24 is located in the borough of Lambeth within the SE24 postal district.
Second Floor Flat, 40, Herne Hill Road, London has 2 entries in the Land Registry database, most recently in September 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Second Floor Flat 40 Herne Hill Road London as £398,817 and the rental value as £2,147 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of Second Floor Flat 40 Herne Hill Road London has increased by £8,903 (2.2%) and its rental value has increased by £87 per month (4.1%).
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 Second Floor Flat, 40, Herne Hill Road, London is in very good condition we estimate a sale value of £418,758 and rental value of £2,254 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £370,900 and a rental value of £1,996 per month.
If you were able to purchase this property for the estimated value of £398,817, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,960 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, Second Floor Flat, 40, Herne Hill Road, London was last sold on 01 Sep 2021 for £377,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Sep 2021, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Second Floor Flat, 40, Herne Hill Road, London within a radius of 370 metres over the last 2 years.
The most recent example is Flat A, 57, Herne Hill Road, London, SE24 0AX, a Leasehold flat which sold for £430,000 in Dec 2023.
Read more about house prices in SE24.
*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 Second Floor Flat, 40, Herne Hill Road, London over the last 2 years.
Most recently Ground Floor Flat, 150, Coldharbour Lane, London, SE5 9QH, a Leasehold flat let by Your Home Managed in Jun 2023.
Herne Hill Road, London, SE24 has a total of 239 addresses. According to our analysis of all the public data, Second Floor Flat, 40, Herne Hill Road, London is the 195th largest and the 213th most expensive property on the street.
When compared to the postcode district it is £502k less expensive than the average property in SE24.
The closest station to Second Floor Flat, 40, Herne Hill Road, London is Loughborough Junction station which is 300 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 Second Floor Flat, 40, Herne Hill Road, London, 37.5% of property is privately rented and 32.5% 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 Second Floor Flat, 40, Herne Hill Road, London, 9.7% of residents are recorded as possessing school level qualifications and 70.7% 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 Second Floor Flat, 40, Herne Hill Road, London, the average age was 35.5 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 Second Floor Flat, 40, Herne Hill 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 Second Floor Flat, 40, Herne Hill Road, 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.