According to the public record, 2, Somerford Way, London is a modern freehold house with 1,001 ft2 of internal area and sits on a 164 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Somerford Way, London, SE16 is located in the borough of Southwark within the SE16 postal district.
2, Somerford Way, London has a single entry in the Land Registry database from December 2020 and a single entry in the EPC database dated January 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Somerford Way London as £771,657 and the rental value as £3,783 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 2 Somerford Way London has increased by £10,060 (1.3%) and its rental value has increased by £189 per month (5.0%).
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, Somerford Way, London is in very good condition we estimate a sale value of £810,240 and rental value of £3,972 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £717,641 and a rental value of £3,518 per month.
If you were able to purchase this property for the estimated value of £771,657, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,792 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 data from HM Land Registry, 2, Somerford Way, London sits on a plot of 164m2.
We have plot size data on 19 out of 22 other houses in the postcode and 2, Somerford Way, London sits on the 4th largest plot.
According to HM Land Registry, 2, Somerford Way, London was last sold on 18 Dec 2020 for £760,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2020, the market for similar properties has risen 5.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Somerford Way, London within a radius of 390 metres over the last 2 years.
The most recent example is 19, Steers Way, London, SE16 6HP, a Freehold house which sold for £710,000 in May 2022.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Somerford Way, London, SE16 has a total of 55 addresses. According to our analysis of all the public data, 2, Somerford Way, London is the 4th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £298k more expensive than the average property in SE16.
2, Somerford Way, London has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 06 Jan 2020.
The property is connected to mains gas and has some double glazing. It is heated using Room heaters, electric.
The closest station to 2, Somerford Way, London is Heron Quays station which is 1.0 kilometres 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, Somerford Way, London, 45.8% of property is privately rented and 26.7% is privately owned with a mortgage.
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, Somerford Way, London, 11.7% of residents are recorded as possessing school level qualifications and 69.7% 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, Somerford Way, London, the average age was 34.7 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, Somerford Way, London, 0.7% 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, Somerford Way, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.