According to the public record, 284, Commercial Way, London is a modern freehold house with 699 ft2 of internal area and sits on a 116 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Commercial Way, London, SE15 is located in the borough of Southwark within the SE15 postal district.
284, Commercial Way, London has a single entry in the Land Registry database from September 2008 and a single entry in the EPC database dated July 2023.
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 284 Commercial Way London as £561,676 and the rental value as £2,897 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 284 Commercial Way London has increased by £21,404 (3.8%) and its rental value has increased by £208 per month (7.2%).
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 284, Commercial Way, London is in very good condition we estimate a sale value of £589,760 and rental value of £3,042 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £522,359 and a rental value of £2,694 per month.
If you were able to purchase this property for the estimated value of £561,676, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,760 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, 284, Commercial Way, London sits on a plot of 116m2.
We have plot size data on 23 out of 33 other houses in the postcode and 284, Commercial Way, London sits on the 17th largest plot.
According to HM Land Registry, 284, Commercial Way, London was last sold on 12 Sep 2008 for £210,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2008, the market for similar properties has risen 138.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 284, Commercial Way, London within a radius of 320 metres over the last 2 years.
The most recent example is 8, Cardine Mews, London, SE15 1AY, a Freehold house which sold for £400,000 in Mar 2018.
Read more about house prices in SE15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Commercial Way, London, SE15 has a total of 343 addresses. According to our analysis of all the public data, 284, Commercial Way, London is the 167th largest and the 73rd most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in SE15.
284, Commercial Way, London has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jul 2023.
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 284, Commercial Way, London is Queens Road (Peckham) station which is 700 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 284, Commercial Way, London, 42.4% of property is socially rented and 23.8% 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 284, Commercial Way, London, 10.0% of residents are recorded as possessing school level qualifications and 49.6% 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 284, Commercial Way, London, the average age was 34.8 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 284, Commercial Way, London, 2.3% 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 284, Commercial Way, London, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.