According to the public record, Unit 2B, The Chandlery 50, London is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 1,797 ft2 of internal area and a balcony.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in The Chandlery, Westminster Bridge Road, London, SE1.
Westminster Bridge Road, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Unit 2B, The Chandlery 50, London has a single entry in the Land Registry database from September 2006 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 Unit 2B The Chandlery 50 London as £795,440 and the rental value as £3,809 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Unit 2B The Chandlery 50 London has decreased by £661 (0.1%) and its rental value has increased by £122 per month (3.2%).
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 Unit 2B, The Chandlery 50, London is in very good condition we estimate a sale value of £835,212 and rental value of £4,000 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £739,759 and a rental value of £3,542 per month.
If you were able to purchase this property for the estimated value of £795,440, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,909 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, Unit 2B, The Chandlery 50, London was last sold on 25 Sep 2006 for £344,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 240 metres radius of Unit 2B, The Chandlery 50, London over the last 2 years.
The most recent example is 1, Dibdin Row, London, SE1 7BS, a Leasehold flat which sold for £700,000 in Nov 2022.
Read more about house prices in SE1.
Westminster Bridge Road, London, SE1 has a total of 904 addresses. According to our analysis of all the public data, Unit 2B, The Chandlery 50, London is the 21st largest and the 99th most expensive property on the street.
When compared to the postcode district it is £147k more expensive than the average property in SE1.
The closest station to Unit 2B, The Chandlery 50, London is Lambeth North 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 Unit 2B, The Chandlery 50, London, 40.7% of property is privately rented and 24.1% 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 Unit 2B, The Chandlery 50, London, 16.0% of residents are recorded as possessing school level qualifications and 60.6% 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 Unit 2B, The Chandlery 50, London, the average age was 33.9 and the most common age was 22.
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 Unit 2B, The Chandlery 50, London, 3.3% 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 Unit 2B, The Chandlery 50, 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.