Apartment 1002, 55
Apartment 1002, 55
Description & Estimates
Apartment 1002, 55, Upper Ground is recorded publicly as a modern leasehold apartment across 699 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Apartment 1002, 55, Upper Ground is £1,002,815 and its rental estimate is £3,909 per month, given the available information and assuming reasonable condition.
55, Upper Ground is a residential building on Upper Ground, London, SE1 and falls within the SE1 postal district and the London Borough of Southwark.
Our Data Sources
Apartment 1002, 55, Upper Ground has a single entry in the Land Registry from March 2016 and a single entry in the EPC database dated March 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Apartment 1002, 55, Upper Ground, we estimate a market value of £1,052,956 and a rental value of £4,104 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £932,618 and £3,635 per month respectively.
Recent Market Change
Over the last year, Apartment 1002, 55, Upper Ground has seen its estimated sale value fall by £8,091 (0.8%) and its estimated rental value move up by £231 per month (5.9%). This results in an estimated gross rental yield of 4.7%.
Energy Efficiency
Apartment 1002, 55, Upper Ground has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Mar 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
The most recent sale of Apartment 1002, 55, Upper Ground completed on 30th March 2016 at £925,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 52.2% over the period since March 2016.
- Sold Mar 2016£925,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 1002, 55, Upper Ground have sold within a radius of 390 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd July 2024, was Apartment 1510, 55, Upper Ground, London, SE1 9EY, a leasehold flat which sold for £824,250.
Read more about house prices in SE1.
- Sold Jul 2024£824,250 | 2 Bed Flat55, Upper GroundApartment 1510, 55, Upper Ground, London, SE1 9EY
- Sold Nov 2019£880,000 | 2 Bed Flat55, Upper GroundApartment 1406, 55, Upper Ground, London, SE1 9EY
- Sold Oct 2019£880,000 | 2 Bed Flat55, Upper GroundApartment 1805, 55, Upper Ground, London, SE1 9EY
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 431 addresses on Upper Ground, London, SE1, Apartment 1002, 55, Upper Ground comes out as the 326th largest and the 161st most expensive in our analysis of the public data.
It is also £375k more expensive than the average property across the SE1 district.
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Schools Nearby
- 700mFriars Primary Foundation School
- 800mOasis Academy South Bank Primary
- 1.0kmSt George's Cathedral Catholic Primary School
- 200mLondon Nautical, City of London Academy
- 900mHaberdashers' Borough Academy
- 1.1kmOasis Academy South Bank
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Public Transport Nearby
From Apartment 1002, 55, Upper Ground, the nearest station is Blackfriars, 400 metres away.
- 400mBlackfriars
- 400mLondon Waterloo East
- 500mSouthwark
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
