According to the public record, 2, Smith Close, London is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,011 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Smith Close, London, SE16 is located in the borough of Southwark within the SE16 postal district.
2, Smith Close, London has a single entry in the Land Registry database from September 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Smith Close London as £727,352 and the rental value as £3,573 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 2 Smith Close London has increased by £6,408 (0.9%) and its rental value has increased by £170 per month (4.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2, Smith Close, London is in very good condition we estimate a sale value of £763,719 and rental value of £3,752 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £676,437 and a rental value of £3,323 per month.
If you were able to purchase this property for the estimated value of £727,352, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,575 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 2, Smith Close, London was last sold on 20 Sep 2006 for £345,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Smith Close, London within a radius of 380 metres over the last 2 years.
The most recent example is 16, Leydon Close, London, SE16 5PF, a Freehold house which sold for £820,000 in Oct 2023.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Smith Close, London, SE16 has a total of 29 addresses. According to our analysis of all the public data, 2, Smith Close, London is the 16th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £254k more expensive than the average property in SE16.
The closest station to 2, Smith Close, London is Rotherhithe station which is 500 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Smith Close, London, 31.8% of property is privately owned outright and 24.8% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 2, Smith Close, London, 10.5% of residents are recorded as possessing school level qualifications and 59.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Smith Close, London, the average age was 35.9 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 2, Smith Close, London, 1.6% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 2, Smith Close, London, there are an average of 0.8 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.