Flat 40, Simla House
Flat 40, Simla House
Description & Estimates
According to the public record, Flat 40, Simla House is a mid-century leasehold apartment with 688 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 40, Simla House is £419,770 and the estimated rental value is £2,343 per month.
The apartment is within Simla House, Kipling Estate, London, SE1.
Kipling Estate, London, SE1 is located in the borough of Southwark within the SE1 postal district.
Our Data Sources
Flat 40, Simla House has 31 entries in the Land Registry , most recently in April 2007 and a single entry in the EPC database dated April 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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 40, Simla House is in very good condition we estimate a sale value of £440,758 and a rental value of £2,460 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £390,386 and a rental value of £2,179 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Flat 40, Simla House has declined by £5,355 (1.3%), while its estimated rental value has climbed by £131 per month (5.6%). Based on current estimates, the property offers a gross rental yield of 6.7%.
Energy Efficiency
Flat 40, Simla House has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Apr 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, Flat 40, Simla House was last sold on 5th April 2007 for £245,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since April 2007, the market for similar properties has risen by 34.3%.
- Sold Apr 2007£245,000
- Sold Aug 2006£190,000
- Sold Sep 2003£182,000
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 40, Simla House within a radius of 240 metres over the last 2 years.
The most recent example is Flat 14, Burwash House, Kipling Estate, London, SE1 3RW, a leasehold flat which sold for £395,000 on the 28th October 2024.
Read more about house prices in SE1.
- Sold Oct 2024£395,000 | 2 Bed FlatBurwash House, Kipling EstateFlat 14, Burwash House, Kipling Estate, London, SE1 3RW
- Sold Jun 2024£467,000 | 2 Bed FlatSimla House, Kipling EstateFlat 44, Simla House, Kipling Estate, London, SE1 3RN
- Sold Aug 2022£422,500 | 2 Bed FlatSimla House, Kipling EstateFlat 38, Simla House, Kipling Estate, London, SE1 3RL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Kipling Estate, London, SE1 has a total of 177 addresses. According to our analysis of all the public data, Flat 40, Simla House is the 26th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £208k less expensive than the average property in SE1.
More reading links
Schools Nearby
- 200mSnowsfields Primary School
- 500mGrange Primary School
- 500mSaint Joseph's Catholic Primary School, the Borough
- 700mSt Saviour's and St Olave's Church of England School
- 900mHaberdashers' Borough Academy
- 1.3kmSt Michael's Catholic College
More reading links
Public Transport Nearby
The closest station to Flat 40, Simla House is London Bridge station, which is 500 metres away.
- 500mLondon Bridge
- 600mBorough
- 1.1kmMonument
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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.
