According to the public record, 54, Watersmeet Way, London is a modern leasehold apartment with 592 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Watersmeet Way, London, SE28 is located in the borough of Bexley within the SE28 postal district.
54, Watersmeet Way, London has 41 entries in the Land Registry database, most recently in December 2021 and a single entry in the EPC database dated November 2021.
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 54 Watersmeet Way London as £254,376 and the rental value as £1,609 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 54 Watersmeet Way London has increased by £2,464 (1.0%) and its rental value has increased by £87 per month (5.4%).
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 54, Watersmeet Way, London is in very good condition we estimate a sale value of £267,095 and rental value of £1,690 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £236,570 and a rental value of £1,497 per month.
If you were able to purchase this property for the estimated value of £254,376, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,250 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, 54, Watersmeet Way, London was last sold on 22 Dec 2021 for £250,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2021, the market for similar properties has risen 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 54, Watersmeet Way, London within a radius of 490 metres over the last 2 years.
The most recent example is 101, Redbourne Drive, London, SE28 8SQ, a Leasehold flat which sold for £242,000 in Jul 2023.
Read more about house prices in SE28.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Watersmeet Way, London, SE28 has a total of 42 addresses. According to our analysis of all the public data, 54, Watersmeet Way, London is the 37th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £52k less expensive than the average property in SE28.
54, Watersmeet Way, London has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Nov 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 54, Watersmeet Way, London is Barking Riverside 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 54, Watersmeet Way, London, 35.4% of property is socially rented and 29.3% 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 54, Watersmeet Way, London, 30.5% of residents are recorded as possessing school level qualifications and 31.7% 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 54, Watersmeet Way, London, the average age was 34.2 and the most common age was 12.
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 54, Watersmeet 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 54, Watersmeet Way, London, there are an average of 1.0 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.