According to the public record, Studio 2, 162-164, Abbey Street, London is a period leasehold apartment with 2,906 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in 162-164, Abbey Street, London, SE1.
Abbey Street, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Studio 2, 162-164, Abbey Street, London has 21 entries in the Land Registry database, most recently in May 2009 and a single entry in the EPC database dated January 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 Studio 2 162-164 Abbey Street London as £3,014,627 and the rental value as £8,173 per month giving an expected gross yield of 3.3%.
Over the last 12 months the sale value of Studio 2 162-164 Abbey Street London has decreased by £15,018 (0.5%) and its rental value has increased by £274 per month (3.4%).
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 Studio 2, 162-164, Abbey Street, London is in very good condition we estimate a sale value of £3,165,359 and rental value of £8,582 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £2,803,603 and a rental value of £7,601 per month.
If you were able to purchase this property for the estimated value of £3,014,627, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £14,816 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, Studio 2, 162-164, Abbey Street, London was last sold on 26 May 2009 for £1,050,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2009, the market for similar properties has risen 68.5%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 250 metres radius of Studio 2, 162-164, Abbey Street, London over the last 2 years.
The most recent example is 4, Koops Mill Mews, London, SE1 2SH, a Leasehold flat which sold for £888,300 in Sep 2019.
Read more about house prices in SE1.
Abbey Street, London, SE1 has a total of 248 addresses. According to our analysis of all the public data, Studio 2, 162-164, Abbey Street, London is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £2.367m more expensive than the average property in SE1.
Studio 2, 162-164, Abbey Street, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Jan 2019.
The property is connected to mains gas and has some secondary glazing. It is heated using a boiler and radiators.
The closest station to Studio 2, 162-164, Abbey Street, London is Bermondsey station which is 600 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 Studio 2, 162-164, Abbey Street, London, 75.3% of property is privately rented and 13.5% 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 Studio 2, 162-164, Abbey Street, London, 12.0% of residents are recorded as possessing school level qualifications and 86.5% 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 Studio 2, 162-164, Abbey Street, London, the average age was 34.7 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 Studio 2, 162-164, Abbey Street, London, 0.4% 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 Studio 2, 162-164, Abbey Street, London, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.