Apartment 702, East Block Forum Magnum Square, London, SE1 7GN is a leasehold flat built between 1930-1949. The property offers approximately 355 square feet of living space and is situated on the 7th floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £711,246 , which equates to approximately £2,002 per square foot. It was last sold on 16 Oct 2001 for £240,000. Since then, the value has increased by £471,246, representing a 196.4% increase, or approximately 8.1% per year.

The current estimated value of £711,246 is:

  • 18.9% lower than the average property price on Forum Magnum Square
  • 22.9% lower than the average in the SE1 7GN postcode area
  • and 18.7% 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
355 sq ft
Tenure
Leasehold
Floor level
7th floor
Price (estimate)
£711,246
Price Per sq ft (estimate)
£2,002
Bedroom Count (estimate)
1 bedroom

EPC Summary

Apartment 702, East Block Forum Magnum Square, London, Lambeth, Greater London Authority, SE1 7GN has an Energy Performance Certificate (EPC) rating of E, based on the latest assessment carried out on 13 Jan 2020.

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 25 Sep 2009. The rating of E remains the same, but the energy efficiency score improved by 17.9%.

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 changed from electric immersion, standard tariff to electric immersion, off-peak, with no change in energy efficiency (very poor).
  • The roof construction or insulation changed from (another dwelling above) to flat, no insulation (assumed), improving energy efficiency from n/a to very poor.
  • The wall construction or insulation changed from system built, as built, insulated (assumed) to timber frame, as built, no insulation (assumed), changing energy efficiency from good to very poor.
  • The lighting was updated from no low energy lighting to low energy lighting in 38% of fixed outlets, with efficiency improving from very poor to average.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Very Poor
Roof
Flat, no insulation (assumed)
Very Poor
Walls
Timber frame, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 38% of fixed outlets
Average

Compared to SE1 7GN

76 th / 88
Price Rank
23% lower than average
71 st / 71
Size Rank
53% smaller than average
1 st / 71
Price Per Sq FT Rank
64% higher than average

Compared to other properties in SE1 7GN , this flat's estimated value ranks 76th out of 88. Based on price per square foot, it ranks 1st out of 71 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 71th out of 71 properties in its postcode area.

Sale History

Today
£711,246
streetscan.co.uk estimate
+196 %
16 Oct 2001
£240,000
Leasehold
+11.6 %
28 Feb 2001
£215,000
Leasehold
+21.8 %
23 Aug 2000
£176,500
Leasehold

Area Insights

Nearby Properties

Apartment 502, East Block Forum Magnum Square, London, SE1 7GN
rooms: 3
size: 969 sq ft
sale price: £800,000
sale date: 31 Jan 2023
Apartment 707, East Block Forum Magnum Square, London, SE1 7GN
rooms: 2
size: 667 sq ft
sale price: £220,000
sale date: 27 Jul 2000
Apartment 109, East Block Forum Magnum Square, London, SE1 7GN
rooms: 3
size: 921 sq ft
sale price: £455,000
sale date: 15 Oct 2003
Apartment 115, East Block Forum Magnum Square, London, SE1 7GN
rooms: 3
size: 969 sq ft
sale price: £375,000
sale date: 15 Oct 2003
Apartment 507, East Block Forum Magnum Square, London, SE1 7GN
rooms: 2
size: 581 sq ft
sale price: £300,000
sale date: 2 Jun 2003

Data Sources

The property at Apartment 702, East Block Forum Magnum Square, London, SE1 7GN appears three times in the Land Registry records, with the latest transaction recorded on 16 Oct 2001. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 13 Jan 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.
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