Flat 5, 1
Flat 5, 1
Description & Estimates
Flat 5, 1, Reed Place is recorded publicly as a modern leasehold apartment across 785 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 5, 1, Reed Place is £546,374 and its rental estimate is £2,739 per month, given the available information and assuming reasonable condition.
1, Reed Place is a residential building on Reed Place, London, SW4 and falls within the SW4 postal district and the London Borough of Lambeth.
Our Data Sources
Flat 5, 1, Reed Place has 31 entries in the Land Registry , most recently in December 2019 and a single entry in the EPC database dated April 2014.
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
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 5, 1, Reed Place, we estimate a market value of £573,693 and a rental value of £2,876 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £508,128 and £2,547 per month respectively.
Recent Market Change
Over the last year, Flat 5, 1, Reed Place has seen its estimated sale value fall by £11,668 (2.1%) and its estimated rental value move up by £189 per month (6.9%). This results in an estimated gross rental yield of 6.0%.
Energy Efficiency
Flat 5, 1, Reed Place has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 15 Apr 2014.
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 5, 1, Reed Place completed on 12th December 2019 at £595,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 12.8% over the period since December 2019.
- Sold Dec 2019£595,000
- Sold Oct 2006£375,000
- Sold Aug 2005£312,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 5, 1, Reed Place have sold within a radius of 260 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th November 2022, was Flat 7, 1, Reed Place, London, SW4 7LD, a leasehold flat which sold for £663,000.
Read more about house prices in SW4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 48 addresses on Reed Place, London, SW4, Flat 5, 1, Reed Place comes out as the 38th largest and the 42nd most expensive in our analysis of the public data.
It is also £169k less expensive than the average property across the SW4 district.
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Schools Nearby
- 600mClapham Manor Primary School
- 600mSt Mary's Roman Catholic Primary School
- 700mIqra Primary School
- 900mThe Elms Academy
- 1.0kmHarris Academy Clapham
- 1.0kmTrinity Academy
More reading links
Public Transport Nearby
From Flat 5, 1, Reed Place, the nearest station is Clapham High Street, 400 metres away.
- 400mClapham High Street
- 400mClapham North
- 500mClapham Common
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.
