Apartment 505, East Block Forum Magnum Square, London, SE1 7GN is a leasehold flat built between 1930-1949. The property offers approximately 581 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 £672,414 , which equates to approximately £1,157 per square foot. It was last sold on 22 Jun 2000 for £200,000. Since then, the value has increased by £472,414, representing a 236.2% increase, or approximately 9.3% per year.

The current estimated value of £672,414 is:

  • 23.4% lower than the average property price on Forum Magnum Square
  • 27.1% lower than the average in the SE1 7GN postcode area
  • and 23.2% lower than the average price for London as a whole

View sold house prices in SE1 7GN

Building approximate location

About Property

Type
Flat
Built
1930-1949
Interior Size
581 sq ft
Tenure
Leasehold
Floor level
4th floor
Price (estimate)
£672,414
Price Per sq ft (estimate)
£1,157
Bedroom Count (estimate)
1 bedroom

EPC Summary

Apartment 505, East Block Forum Magnum Square, London, Lambeth, Greater London Authority, SE1 7GN has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 23 Mar 2020.

This property uses electric room 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 1 Apr 2010, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 14.5%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from poor to very poor.
  • The wall construction or insulation changed from system built, as built, insulated (assumed) to system built, as built, no insulation (assumed), changing energy efficiency from good to very poor.
  • The lighting was changed from low energy lighting in 50% of fixed outlets to low energy lighting in 63% of fixed outlets, with no change in efficiency (good).
Heating Type
Room heaters, electric
Very Poor
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 63% of fixed outlets
Good

Compared to SE1 7GN

84 th / 88
Price Rank
27% lower than average
52 nd / 71
Size Rank
23% smaller than average
58 th / 71
Price Per Sq FT Rank
5% lower than average

Compared to other properties in SE1 7GN , this flat's estimated value ranks 84th out of 88. Based on price per square foot, it ranks 58th out of 71 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 52th out of 71 properties in its postcode area.

Sale History

Today
£672,414
streetscan.co.uk estimate
+236 %
22 Jun 2000
£200,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 506 sq ft
sale price: £460,000
sale date: 27 Jan 2023
rooms: 2
size: 570 sq ft
sale price: £580,000
sale date: 29 Mar 2021
rooms: 2
size: 570 sq ft
sale price: £535,000
sale date: 27 Nov 2020
rooms: 3
size: 667 sq ft
sale price: £632,000
sale date: 21 Aug 2020
rooms: 2
size: 581 sq ft
sale price: £665,000
sale date: 10 May 2019

Data Sources

The property at Apartment 505, East Block Forum Magnum Square, London, Lambeth, Greater London Authority, SE1 7GN appears once in the Land Registry records, with the transaction recorded on 22 Jun 2000. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 23 Mar 2020. 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.