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According to the public record, Flat 2, 8, Lee Terrace is a period leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 8, Lee Terrace is £368,006 and the estimated rental value is £1,471 per month.
The apartment is within 8, Lee Terrace, London, SE3.
Lee Terrace, London, SE3 is located in the borough of Lewisham within the SE3 postal district.
Flat 2, 8, Lee Terrace has 51 entries in the Land Registry , most recently in November 2023 and a single entry in the EPC database dated May 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 2, 8, Lee Terrace is in very good condition we estimate a sale value of £386,406 and a rental value of £1,545 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £342,245 and a rental value of £1,368 per month.
Over the last 12 months the sale value of Flat 2 8 Lee Terrace has decreased by an estimated £3,320 (0.9%) and its rental value has increased by an estimated £92 per month (6.3%), giving an expected gross yield of 4.8%.
Flat 2, 8, Lee Terrace has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 07 May 2019.
The property is connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, Flat 2, 8, Lee Terrace was last sold on 10th November 2023 for £765,000 and was recorded as a leasehold flat.
The property has had 5 sales since 1995.
Since November 2023, the market for similar properties has dropped 12.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, 8, Lee Terrace within a radius of 410 metres over the last 2 years.
The most recent example is Flat 6, 8, Church Terrace, London, SE13 5BT, a leasehold flat which sold for £268,000 on the 1st September 2023.
Read more about house prices in SE3.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lee Terrace, London, SE3 has a total of 98 addresses. According to our analysis of all the public data, Flat 2, 8, Lee Terrace is the 96th largest and the 87th most expensive property on the street.
When compared to the postcode district it is £261k less expensive than the average property in SE3.
The nearest school is John Ball Primary School which is 400 metres away. The nearest train station is Blackheath which is 500 metres away.
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