The Alaska Building, Grange Road, London, SE1
KN

The Alaska Building, Grange Road, London, SE1

By Knight Frank

£ 1,675,000

Reviews

4 out of 5 stars

Knight Frank says ..

A unique and spacious two-bedroom, lateral loft apartment offering open plan living at its very best. This exceptional two-bedroom loft style apartment is located in the iconic Alaska Buildings in Bermondsey and offers approximately 2,185sq ft of lateral expansive living space, perfect for enter...

Property Oracle says ..

Location: The property is located in the London Bridge & West Bermondsey area of Southwark, Greater London. This is a highly desirable area, with excellent transport links via London Bridge station (1.49km away). The area also benefits from several outstandingly rated primary schools within a short distance, including Kintore Way Nursery School and Children’s Centre (0.14km) and Boutcher Church of England Primary School (0.17km). The proximity to these amenities makes this a strong location.

Condition: Based on the provided images, the property appears to be in excellent condition. It has been recently renovated or is a new build, with modern fixtures and fittings throughout. The high-quality finishes and modern design suggest a high level of maintenance and upkeep.

Land: While the property is an apartment, it does benefit from a private balcony/patio area, as shown in the external photographs. The plot size of 2184.97 sqft suggests a relatively generous amount of outdoor space compared to other apartments in the area.

Price: The list price of £1,675,000 for a 3,618.83 sqft apartment is significantly higher than the average price of £1,050,482 for properties in the area. However, the average sqft in the area is 963 sqft, and this property is substantially larger at 3618.83 sqft. The average price per sqft in the area is £1090, while this property’s price per sqft is approximately £463. Considering the size, location, condition, and modern features of this property, the price, while high, appears to be somewhat justified, although it is at the higher end of the market. Further investigation into comparable properties of similar size and specification in the area would be beneficial to confirm this assessment.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
10
Location
9
Land
8
Bedrooms
2
Bathrooms
1
Sqft (est)
3,618.83
Lot (est)
2,184.97

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
949,412.00 £
Increased by 6.78 %
from 889,156.00 £
Est sale value
3,879,385.76 £
Increased by 25.23 %
from 3,097,718.48 £
Average area rental value
2,558.00 £/mo
Increased by 5.05 %
from 2,435.00 £/mo
Est letting value
7,237.66 £/mo
Unchanged by 0.00 %
from 7,237.66 £/mo
Est rental Yield
3.23 %
Decreased by 1.82 %
from 3.29 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Knight Frank created the listing.

Nearby Schools

NameTypeOfstedDistance
Kintore Way Children'S CentreChildren's Centre0.14 KM
Kintore Way Nursery School And Children'S CentreLocal Authority Nursery SchoolOutstanding0.14 KM
Boutcher Church Of England Primary SchoolVoluntary Aided SchoolOutstanding0.17 KM
Grange Primary SchoolCommunity SchoolGood0.54 KM
The Bridge Special Education Needs SchoolOther Independent Special School0.69 KM

Images

Entrance nook

Nearby Streets

NameAverage PriceAverage SqftDistance
Tannery Square £ 731,25000.00 KM
Curtis Street £ 000.00 KM
Leather Place £ 000.00 KM
Keyse Road £ 579,99800.00 KM
Stevens Street £ 338,73800.00 KM

Nearby Transport

NameNLCTLCDistance
London Bridge5148LBG1.49 KM
Fenchurch Street7490FST1.86 KM
Cannon Street5142CST2.33 KM
Elephant And Castle5246EPH2.38 KM
Wapping1085WPE2.58 KM

Nearby Listings

AddressPriceTypeScoreDistance
Grange Road, Bermondsey £ 1,350,000BUY5 / 100.00 KM
Grange Road, London, SE1 3BA £ 895,000BUY6 / 100.01 KM
Alaska Buildings, Grange Road, London SE1 £ 675,000BUYUnknown0.02 KM
Alaska Buildings IV, London SE1 £ 1,000,000BUY7 / 100.02 KM
Grange Road, Bermondsey, London, SE1 £ 1,500,000BUY6 / 100.04 KM

Nearby Properties

AddressPriceDistance
56 Grange Road £ 635,0000.13 KM
52 Grange Road £ 790,0000.13 KM
55 Grange Road £ 796,5000.13 KM
78 Grange Road £ 28,5000.14 KM
37 Grange Walk £ 1,055,0000.14 KM