According to the public record, 234, Lucey Way, London is a mid-century leasehold apartment with 1,119 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Lucey Way, London, SE16 is located in the borough of Southwark within the SE16 postal district.
234, Lucey Way, London has a single entry in the Land Registry database from December 2018 and a single entry in the EPC database dated February 2018.
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 234 Lucey Way London as £409,843 and the rental value as £2,258 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 234 Lucey Way London has increased by £432 (0.1%) and its rental value has increased by £90 per month (4.0%).
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 234, Lucey Way, London is in very good condition we estimate a sale value of £430,335 and rental value of £2,370 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £381,154 and a rental value of £2,099 per month.
If you were able to purchase this property for the estimated value of £409,843, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,014 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, 234, Lucey Way, London was last sold on 20 Dec 2018 for £375,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2018, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 234, Lucey Way, London within a radius of 280 metres over the last 2 years.
The most recent example is 150, Lucey Way, London, SE16 3UG, a Leasehold flat which sold for £450,000 in Oct 2022.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lucey Way, London, SE16 has a total of 234 addresses. According to our analysis of all the public data, 234, Lucey Way, London is the 50th largest and the 70th most expensive property on the street.
When compared to the postcode district it is £64k less expensive than the average property in SE16.
234, Lucey Way, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Feb 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to 234, Lucey Way, London is Bermondsey station which is 400 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 234, Lucey Way, London, 72.7% of property is socially rented and 13.3% 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 234, Lucey Way, London, 23.4% of residents are recorded as possessing school level qualifications and 28.5% 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 234, Lucey Way, London, the average age was 34.9 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 234, Lucey Way, 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 234, Lucey Way, London, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.