According to the public record, 9, Drake Close, London is a modern freehold house with 844 ft2 of internal area and sits on a 107 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Drake Close, London, SE16 is located in the borough of Southwark within the SE16 postal district.
9, Drake Close, London has 21 entries in the Land Registry database, most recently in August 2013 and a single entry in the EPC database dated August 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 9 Drake Close London as £972,466 and the rental value as £3,958 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 9 Drake Close London has increased by £10,225 (1.1%) and its rental value has increased by £192 per month (4.8%).
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 9, Drake Close, London is in very good condition we estimate a sale value of £1,021,089 and rental value of £4,156 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £904,393 and a rental value of £3,681 per month.
If you were able to purchase this property for the estimated value of £972,466, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,779 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, 9, Drake Close, London sits on a plot of 107m2.
We have plot size data on 11 out of 14 other houses in the postcode and 9, Drake Close, London sits on the 4th largest plot.
According to HM Land Registry, 9, Drake Close, London was last sold on 23 Aug 2013 for £435,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2013, the market for similar properties has risen 40.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 9, Drake Close, London within a radius of 340 metres over the last 2 years.
The most recent example is 1, Chargrove Close, London, SE16 6AP, a Freehold house which sold for £827,500 in Feb 2023.
Read more about house prices in SE16.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Drake Close, London, SE16 has a total of 14 addresses. According to our analysis of all the public data, 9, Drake Close, London is the 11th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £499k more expensive than the average property in SE16.
9, Drake Close, London has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 03 Aug 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using an LPG fired boiler and radiators.
The closest station to 9, Drake Close, London is Rotherhithe station which is 500 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 9, Drake Close, London, 54.5% of property is privately rented and 23.7% 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 9, Drake Close, London, 13.5% of residents are recorded as possessing school level qualifications and 77.2% 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 9, Drake Close, London, the average age was 35.9 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 9, Drake Close, 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 9, Drake Close, 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.