Flat 18, Simla House
Flat 18, Simla House
Description & Estimates
According to the public record, Flat 18, Simla House is a mid-century leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 18, Simla House is £407,014 and the estimated rental value is £2,290 per month.
The apartment is within Simla House, Kipling Estate, London, SE1.
Kipling Estate, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Our Data Sources
Flat 18, Simla House has a single entry in the Land Registry from May 2016 and a single entry in the EPC database dated December 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
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 18, Simla House is in very good condition we estimate a sale value of £427,364 and a rental value of £2,405 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £378,523 and a rental value of £2,130 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 18, Simla House has declined by £5,192 (1.3%), while its estimated rental value has climbed by £128 per month (5.6%). Based on current estimates, the property offers a gross rental yield of 6.8%.
Energy Efficiency
Flat 18, Simla House has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Dec 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 18, Simla House was last sold on 13th May 2016 for £402,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2016, the market for similar properties has dropped by 22.2%.
- Sold May 2016£402,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 18, Simla House within a radius of 240 metres over the last 2 years.
The most recent example is Flat 14, Burwash House, Kipling Estate, London, SE1 3RW, a leasehold flat which sold for £395,000 on the 28th October 2024.
Read more about house prices in SE1.
- Sold Oct 2024£395,000 | 2 Bed FlatBurwash House, Kipling EstateFlat 14, Burwash House, Kipling Estate, London, SE1 3RW
- Sold Jun 2024£467,000 | 2 Bed FlatSimla House, Kipling EstateFlat 44, Simla House, Kipling Estate, London, SE1 3RN
- Sold Aug 2022£422,500 | 2 Bed FlatSimla House, Kipling EstateFlat 38, Simla House, Kipling Estate, London, SE1 3RL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Kipling Estate, London, SE1 has a total of 177 addresses. According to our analysis of all the public data, Flat 18, Simla House is the 85th largest and the 46th most expensive property on the street.
When compared to the postcode district it is £221k less expensive than the average property in SE1.
More reading links
Schools Nearby
- 200mSnowsfields Primary School
- 500mGrange Primary School
- 500mSaint Joseph's Catholic Primary School, the Borough
- 700mSt Saviour's and St Olave's Church of England School
- 900mHaberdashers' Borough Academy
- 1.3kmSt Michael's Catholic College
More reading links
Public Transport Nearby
The closest station to Flat 18, Simla House is London Bridge station, which is 500 metres away.
- 500mLondon Bridge
- 600mBorough
- 1.1kmMonument
Available Internet Speeds
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
