According to the public record, 23, Norway Gate, London is a modern apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Norway Gate, London, SE16 is located in the borough of Southwark within the SE16 postal district.
23, Norway Gate, London has no records in the Land Registry database and a single entry in the EPC database dated June 2016.
We combine this information with public data 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 23 Norway Gate London as £438,431 and the rental value as £2,456 per month giving an expected gross yield of 6.7%.
Over the last 12 months the sale value of 23 Norway Gate London has increased by £2,631 (0.6%) and its rental value has increased by £105 per month (4.3%).
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 23, Norway Gate, London is in very good condition we estimate a sale value of £460,353 and rental value of £2,579 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,741 and a rental value of £2,284 per month.
If you were able to purchase this property for the estimated value of £438,431, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,155 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Norway Gate, London within a radius of 340 metres over the last 2 years.
The most recent example is Flat 37, New Caledonian Wharf 6, Odessa Street, London, SE16 7TN, a Leasehold flat which sold for £426,000 in Mar 2024.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norway Gate, London, SE16 has a total of 33 addresses. According to our analysis of all the public data, 23, Norway Gate, London is the 18th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £35k less expensive than the average property in SE16.
23, Norway Gate, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jun 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 23, Norway Gate, London is Surrey Quays station which is 900 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 23, Norway Gate, London, 52.8% of property is socially rented and 21.7% is privately 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 23, Norway Gate, London, 18.9% of residents are recorded as possessing school level qualifications and 42.2% 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 23, Norway Gate, 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 23, Norway Gate, London, 0.0% 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 23, Norway Gate, London, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.