Flat 2, 3
Flat 2, 3
Description & Estimates
Flat 2, 3, Rita Road appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a period apartment with 624 ft2 of internal area and a garden.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 2, 3, Rita Road is £441,709 and its rental estimate is £2,647 per month, given the available information and assuming reasonable condition.
3, Rita Road is a residential building on Rita Road, London, SW8 and falls within the SW8 postal district and the London Borough of Lambeth.
Our Data Sources
Flat 2, 3, Rita Road has 51 entries in the Land Registry , most recently in July 2022 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.
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 Flat 2, 3, Rita Road, we estimate a market value of £463,794 and a rental value of £2,780 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £410,789 and £2,462 per month respectively.
Recent Market Change
Over the last year, Flat 2, 3, Rita Road has seen its estimated sale value fall by £10,928 (2.5%) and its estimated rental value move up by £166 per month (6.3%). This results in an estimated gross rental yield of 7.2%.
Sold Prices
The most recent sale of Flat 2, 3, Rita Road completed on 15th July 2022 at £411,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 5 times.
Values of comparable properties have risen by 7.7% over the period since July 2022.
- Sold Jul 2022£411,000
- Sold Feb 2011£247,000
- Sold Jun 2006£224,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2, 3, Rita Road have sold within a radius of 240 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st September 2023, was Flat B, 86, Fentiman Road, London, SW8 1LA, a leasehold flat which sold for £430,000.
Read more about house prices in SW8.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 117 addresses on Rita Road, London, SW8, Flat 2, 3, Rita Road comes out as the 55th largest and the 68th most expensive in our analysis of the public data.
It is also £153k less expensive than the average property across the SW8 district.
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Schools Nearby
- 200mSt Stephen's Church of England Primary School
- 300mWyvil Primary School and Resource Bases for Speech, Language and Communication Needs, and Autism
- 400mHerbert Morrison Primary School
- 600mLilian Baylis Technology School
- 800mPlatanos College
- 1.3kmPimlico Academy
More reading links
Public Transport Nearby
From Flat 2, 3, Rita Road, the nearest station is Vauxhall, 500 metres away.
- 500mVauxhall
- 500mNine Elms
- 600mOval
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.
