According to the public record, 5, Commonwealth Way, London is a early-century freehold house with 1,136 ft2 of internal area and sits on a 262 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Commonwealth Way, London, SE2 is located in the borough of Greenwich within the SE2 postal district.
5, Commonwealth Way, London has 2 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated March 2011.
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 5 Commonwealth Way London as £496,299 and the rental value as £2,474 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 5 Commonwealth Way London has increased by £2,958 (0.6%) and its rental value has increased by £120 per month (4.9%).
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 5, Commonwealth Way, London is in very good condition we estimate a sale value of £521,114 and rental value of £2,597 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £461,558 and a rental value of £2,300 per month.
If you were able to purchase this property for the estimated value of £496,299, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,439 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, 5, Commonwealth Way, London sits on a plot of 262m2.
We have plot size data on 20 out of 37 other houses in the postcode and 5, Commonwealth Way, London sits on the 4th largest plot.
According to HM Land Registry, 5, Commonwealth Way, London was last sold on 21 May 2018 for £372,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2018, the market for similar properties has risen 19.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Commonwealth Way, London within a radius of 500 metres over the last 2 years.
The most recent example is 27, Willrose Crescent, London, SE2 0LQ, a Freehold house which sold for £470,000 in Dec 2022.
Read more about house prices in SE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Commonwealth Way, London, SE2 has a total of 191 addresses. According to our analysis of all the public data, 5, Commonwealth Way, London is the 9th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £137k more expensive than the average property in SE2.
5, Commonwealth Way, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Mar 2011.
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 5, Commonwealth Way, London is Abbey Wood 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 5, Commonwealth Way, London, 32.1% of property is privately owned outright and 30.7% 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 5, Commonwealth Way, London, 19.8% of residents are recorded as possessing school level qualifications and 29.2% 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 5, Commonwealth Way, London, the average age was 36.1 and the most common age was 37.
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 5, Commonwealth Way, London, 0.4% 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 5, Commonwealth Way, London, there are an average of 1.1 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.