Apartment 516, West Block Forum Magnum Square, London, SE1 7GL is a leasehold flat built between 1996-2002. The property offers approximately 1,442 square feet of living space and is situated on the 5th floor. In this location, apartments of similar size usually have five bedrooms.

The estimated current market value of the property is £1,649,347 , which equates to approximately £1,144 per square foot. It was last sold on 20 Jul 2000 for £485,500. Since then, the value has increased by £1,163,847, representing a 239.7% increase, or approximately 9.4% per year.

The current estimated value of £1,649,347 is:

  • 88.0% higher than the average property price on Forum Magnum Square
  • 114.4% higher than the average in the SE1 7GL postcode area
  • and 88.4% higher than the average price for London as a whole

View sold house prices in SE1 7GL

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
1442 sq ft
Tenure
Leasehold
Floor level
5th floor
Price (estimate)
£1,649,347
Price Per sq ft (estimate)
£1,144
Bedroom Count (estimate)
5 bedrooms

EPC Summary

Apartment 516, 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 19 Sep 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 23 Sep 2009, when the property was rated D. Since then, the rating has improved to C, with the energy efficiency score increasing by 18.3%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from room heaters, electric to electric storage heaters, improving energy efficiency from very poor to average.
  • 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 system built, as built, insulated (assumed) to cavity wall, as built, insulated (assumed), with no change in energy efficiency (good).
  • The lighting was updated from no low energy lighting to low energy lighting in all fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to SE1 7GL

4 th / 89
Price Rank
114% higher than average
4 th / 76
Size Rank
129% bigger than average
74 th / 76
Price Per Sq FT Rank
7% lower than average

Compared to other properties in SE1 7GL , this flat's estimated value ranks 4th out of 89. Based on price per square foot, it ranks 74th out of 76 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 4th out of 76 properties in its postcode area.

Sale History

Today
£1,649,347
streetscan.co.uk estimate
+240 %
20 Jul 2000
£485,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 4
size: 1335 sq ft
sale price: £825,000
sale date: 26 Aug 2021
rooms: 5
size: 1453 sq ft
sale price: £1,550,000
sale date: 14 Mar 2018
rooms: 4
size: 1453 sq ft
sale price: £1,200,000
sale date: 24 Oct 2011
rooms: 4
size: 1492 sq ft
sale price: £1,125,000
sale date: 27 Apr 2011
rooms: 5
size: 1344 sq ft
sale price: £1,210,000
sale date: 24 Aug 2018

Data Sources

The property at Apartment 516, West Block Forum Magnum Square, London, Lambeth, Greater London Authority, SE1 7GL appears once in the Land Registry records, with the transaction recorded on 20 Jul 2000. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 19 Sep 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.