Flat 2402, 2
Flat 2402, 2
Description & Estimates
Flat 2402, 2, Cutter Lane is recorded publicly as a modern leasehold apartment across 1,065 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms with a balcony.
Our estimate of the sale value of Flat 2402, 2, Cutter Lane is £891,217 and its rental estimate is £3,800 per month, given the available information and assuming reasonable condition.
2, Cutter Lane is a residential building on Cutter Lane, London, SE10 and falls within the SE10 postal district and the London Borough of Greenwich.
Our Data Sources
Flat 2402, 2, Cutter Lane has a single entry in the Land Registry from April 2022 and a single entry in the EPC database dated January 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 2402, 2, Cutter Lane, we estimate a market value of £935,778 and a rental value of £3,990 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £828,832 and £3,534 per month respectively.
Recent Market Change
Over the last year, Flat 2402, 2, Cutter Lane has seen its estimated sale value fall by £33,246 (3.7%) and its estimated rental value move up by £196 per month (5.2%). This results in an estimated gross rental yield of 5.1%.
Energy Efficiency
Flat 2402, 2, Cutter Lane has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Jan 2020.
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 Flat 2402, 2, Cutter Lane completed on 8th April 2022 at £1,080,000 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 35.1% over the period since April 2022.
- Sold Apr 2022£1,080,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 2402, 2, Cutter Lane have sold within a radius of 530 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 30th August 2024, was Flat 1401, 2, Cutter Lane, London, SE10 0PB, a leasehold flat which sold for £899,800.
Read more about house prices in SE10.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 900 addresses on Cutter Lane, London, SE10, Flat 2402, 2, Cutter Lane comes out as the 92nd largest and the 56th most expensive in our analysis of the public data.
It is also £338k more expensive than the average property across the SE10 district.
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Schools Nearby
- 800mMillennium Primary School
- 1.2kmBritannia Village Primary School
- 1.3kmMulberry Wood Wharf Primary School
- 1.3kmOasis Academy Silvertown
- 1.8kmCanary Wharf College Crossharbour
- 1.8kmGeorge Green's School
More reading links
Public Transport Nearby
From Flat 2402, 2, Cutter Lane, the nearest station is North Greenwich, 400 metres away.
- 400mNorth Greenwich
- 800mCanary Wharf (Elizabeth line)
- 1.1kmWest Silvertown
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
