Flat 3, 121
Flat 3, 121
Description & Estimates
Updated April 2021 byJorgensen Turner
As updated by Jorgensen Turner in April 2021, Flat 3, 121, Palace Road is a period leasehold apartment with 665 ft2 of internal area comprising 2 bedrooms.
The property has 947 years remaining on the lease.
Flat 3, 121, Palace Road has an estimated sale value of £448,251 and an estimated rental value of £2,292 per month, assuming reasonable condition and based on the information available.
The apartment sits within 121, Palace Road, London, SW2.
Palace Road, London, SW2 lies in the borough of Lambeth, within the SW2 postal district.
Our Data Sources
Flat 3, 121, Palace Road has been updated by Jorgensen Turner. This data along with public information allows us to provide estimates for both this and neighbouring properties.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 3, 121, Palace Road would be worth £470,663, with a potential rental value of £2,406 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £416,873, with a rental value of £2,131 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of Flat 3, 121, Palace Road has declined by £5,209 (1.2%) over the last year. During the same period, its estimated monthly rental value has climbed by £162 (7.1%). The property's estimated gross yield is currently 6.1%.
Energy Efficiency
Flat 3, 121, Palace Road has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Nov 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
Flat 3, 121, Palace Road last changed hands on 7th November 1997, selling for £74,500. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
- Sold Nov 1997£74,500
- Sold May 1996£35,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 350 metres of Flat 3, 121, Palace Road across the last 2 years.
Most recently, Flat D, 88, Palace Road, London, SW2 3JY, a leasehold flat, sold at £390,000 on the 16th December 2024.
Read more about house prices in SW2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks Flat 3, 121, Palace Road as the 314th largest and the 156th most expensive of the 622 addresses on Palace Road, London, SW2.
Against the SW2 postcode district average, it is £92k less expensive than the typical property.
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Schools Nearby
- 300mStreatham Wells Primary
- 400mFenstanton Primary School
- 400mHitherfield Primary School
- 400mCity Heights E-ACT Academy
- 500mThe Elmgreen School
- 1.7kmBishop Thomas Grant Catholic Secondary School
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Public Transport Nearby
Tulse Hill station is the nearest stop to Flat 3, 121, Palace Road at 400 metres away.
- 400mTulse Hill
- 1.0kmWest Norwood
- 1.2kmStreatham Hill
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
