Flat 46, 197
Flat 46, 197
Description & Estimates
Flat 46, 197, Long Lane is recorded publicly as a modern leasehold apartment across 452 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom with a balcony.
Our estimate of the sale value of Flat 46, 197, Long Lane is £392,441 and its rental estimate is £2,087 per month, given the available information and assuming reasonable condition.
197, Long Lane is a residential building on Long Lane, London, SE1 and falls within the SE1 postal district and the London Borough of Southwark.
Our Data Sources
Flat 46, 197, Long Lane has 21 entries in the Land Registry , most recently in February 2010 and a single entry in the EPC database dated August 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.
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 46, 197, Long Lane, we estimate a market value of £412,063 and a rental value of £2,191 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £364,970 and £1,941 per month respectively.
Recent Market Change
Over the last year, Flat 46, 197, Long Lane has seen its estimated sale value drop by £4,584 (1.2%) and its estimated rental value rise by £119 per month (5.7%). This results in an estimated gross rental yield of 6.4%.
Energy Efficiency
Flat 46, 197, Long Lane has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Aug 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of Flat 46, 197, Long Lane completed on 18th February 2010 at £267,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 27.9% over the period since February 2010.
- Sold Feb 2010£267,000
- Sold Dec 2006£250,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 46, 197, Long Lane have sold within a radius of 230 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th July 2024, was Apartment 6, Calico House 199, Long Lane, London, SE1 4PN, a leasehold flat which sold for £460,000.
Read more about house prices in SE1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 675 addresses on Long Lane, London, SE1, Flat 46, 197, Long Lane comes out as the 610th largest and the 508th most expensive in our analysis of the public data.
It is also £236k less expensive than the average property across the SE1 district.
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Schools Nearby
- 300mSnowsfields Primary School
- 400mGrange Primary School
- 600mTower Bridge Primary School
- 500mSt Saviour's and St Olave's Church of England School
- 1.0kmHaberdashers' Borough Academy
- 1.1kmHarris Academy Bermondsey
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Public Transport Nearby
From Flat 46, 197, Long Lane, the nearest station is Borough, 700 metres away.
- 700mBorough
- 700mLondon Bridge
- 1.2kmElephant & Castle
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
