Flat 4, 70
Flat 4, 70
Description & Estimates
According to the public record, Flat 4, 70, Searles Road is a modern leasehold apartment with 484 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 4, 70, Searles Road is £360,950 and the estimated rental value is £2,059 per month.
The apartment is within 70, Searles Road, London, SE1.
Searles Road, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Our Data Sources
Flat 4, 70, Searles Road has a single entry in the Land Registry from October 2013 and a single entry in the EPC database dated June 2023.
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.
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 4, 70, Searles Road is in very good condition we estimate a sale value of £378,998 and a rental value of £2,162 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £335,684 and a rental value of £1,915 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 4, 70, Searles Road has moved down by £3,912 (1.1%), while its estimated rental value has increased by £125 per month (6.0%). Based on current estimates, the property offers a gross rental yield of 6.8%.
Energy Efficiency
Flat 4, 70, Searles Road has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jun 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
According to HM Land Registry, Flat 4, 70, Searles Road was last sold on 4th October 2013 for £250,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since October 2013, the market for similar properties has risen by 88.8%.
- Sold Oct 2013£250,000
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 4, 70, Searles Road within a radius of 310 metres over the last 2 years.
The most recent example is Flat 3, 9, John Maurice Close, London, SE17 1PY, a leasehold flat which sold for £430,000 on the 12th January 2024.
Read more about house prices in SE1.
- Sold Jan 2024£430,000 | 2 Bed Flat9, John Maurice CloseFlat 3, 9, John Maurice Close, London, SE17 1PY
- Sold Feb 2022£403,000 | 2 Bed Flat14, John Maurice CloseFlat 9, 14, John Maurice Close, London, SE17 1PZ
- Sold Sep 2019£357,000 | 1 Bed FlatVictory Place301 Blackwood Apartments, Victory Place, London, SE17 1AQ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Searles Road, London, SE1 has a total of 113 addresses. According to our analysis of all the public data, Flat 4, 70, Searles Road is the 104th largest and the 106th most expensive property on the street.
When compared to the postcode district it is £267k less expensive than the average property in SE1.
More reading links
Schools Nearby
- 300mVictory Primary School
- 300mEnglish Martyrs' Roman Catholic Primary School
- 600mGrange Primary School
- 200mSt Saviour's and St Olave's Church of England School
- 600mSouth Bank University Academy
- 1.0kmArk Walworth Academy
More reading links
Public Transport Nearby
The closest station to Flat 4, 70, Searles Road is Elephant & Castle station, which is 700 metres away.
- 700mElephant & Castle
- 900mBorough
- 1.3kmKennington
Available Internet Speeds
According to recent data from Ofcom, there is poor internet coverage in this area which may result in poor or no internet connectivity.
According to recent data from Ofcom, Slow/none 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.
