Apartment 407, West Block Forum Magnum Square, London, SE1 7GL is a leasehold flat built between 1930-1949. The property offers approximately 506 square feet of living space and is situated on the 4th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £499,838 , which equates to approximately £988 per square foot. It was last sold on 8 Jun 2022 for £515,000. Since then, the value has decreased by £15,162, representing a 2.9% decrease, or approximately 0.8% per year.

The current estimated value of £499,838 is:

  • 41.9% lower than the average property price on Forum Magnum Square
  • 35.0% lower than the average in the SE1 7GL postcode area
  • and 40.2% lower than the average price for London as a whole

View sold house prices in SE1 7GL

Building approximate location

About Property

Type
Flat
Built
1930-1949
Interior Size
506 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£499,838
Price Per sq ft (estimate)
£988
Bedroom Count (estimate)
1 bedroom

EPC Summary

Apartment 407, West Block Forum Magnum Square, London, Lambeth, Greater London Authority, SE1 7GL has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 23 Aug 2019.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 5 Aug 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 19.4%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from very poor to average, while the heating system type remained the same (electric storage heaters).
  • The hot water system was changed from electric immersion, standard tariff to electric immersion, off-peak, with its energy efficiency improving from very poor to average.
  • The wall construction or insulation changed from cavity wall, as built, insulated (assumed) to system built, as built, no insulation (assumed), changing energy efficiency from good to very poor.
  • The lighting was updated from low energy lighting in 63% of fixed outlets to low energy lighting in 44% of fixed outlets, with efficiency changing from good to average.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
System built, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 44% of fixed outlets
Average

Compared to SE1 7GL

68 th / 89
Price Rank
35% lower than average
49 th / 78
Size Rank
19% smaller than average
65 th / 78
Price Per Sq FT Rank
19% lower than average

Compared to other properties in SE1 7GL , this flat's estimated value ranks 68th out of 89. Based on price per square foot, it ranks 65th out of 78 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 49th out of 78 properties in its postcode area.

Sale History

Today
£499,838
streetscan.co.uk estimate
-3 %
8 Jun 2022
£515,000
Leasehold
-22 %
12 Aug 2016
£660,000
Leasehold
+261.6 %
14 Jun 2000
£182,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 538 sq ft
sale price: £435,000
sale date: 28 Mar 2025
rooms: 2
size: 484 sq ft
sale price: £440,000
sale date: 16 Oct 2024
rooms: 2
size: 474 sq ft
sale price: £470,000
sale date: 25 Apr 2024
rooms: 2
size: 581 sq ft
sale price: £555,000
sale date: 15 Mar 2024
rooms: 2
size: 517 sq ft
sale price: £495,000
sale date: 28 Sep 2022

Data Sources

The property at Apartment 407, West Block Forum Magnum Square, London, SE1 7GL appears three times in the Land Registry records, with the latest transaction recorded on 8 Jun 2022. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 23 Aug 2019. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.