According to the public record, 38, New Road, London is a early-century freehold house with 1,657 ft2 of internal area and sits on a 395 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
New Road, London, SE2 is located in the borough of Bexley within the SE2 postal district.
38, New Road, London has a single entry in the Land Registry database from November 2023 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 38 New Road London as £760,525 and the rental value as £3,276 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 38 New Road London has increased by £757 (0.1%) and its rental value has increased by £145 per month (4.4%).
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 38, New Road, London is in very good condition we estimate a sale value of £798,551 and rental value of £3,440 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £707,288 and a rental value of £3,047 per month.
If you were able to purchase this property for the estimated value of £760,525, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,738 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, 38, New Road, London sits on a plot of 395m2.
We have plot size data on 16 out of 31 other houses in the postcode and 38, New Road, London sits on the 5th largest plot.
According to HM Land Registry, 38, New Road, London was last sold on 15 Nov 2023 for £744,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2023, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, New Road, London within a radius of 600 metres over the last 2 years.
The most recent example is 52, New Road, London, SE2 0QG, a Freehold house which sold for £565,000 in Feb 2021.
Read more about house prices in SE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Road, London, SE2 has a total of 89 addresses. According to our analysis of all the public data, 38, New Road, London is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £402k more expensive than the average property in SE2.
38, New Road, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 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 38, New Road, London is Abbey Wood 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 38, New Road, London, 47.5% of property is privately rented and 30.5% is privately owned outright.
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 38, New Road, London, 17.7% of residents are recorded as possessing school level qualifications and 43.6% 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 38, New Road, London, the average age was 41.7 and the most common age was 52.
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 38, New Road, London, 1.1% 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 38, New Road, 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.