SE28 0LW is a residential postcode situated on Merbury Close, London, SE28 with 28 addresses.
It ranks as the 205th largest and 92nd most expensive of the 393 postcodes in the SE28 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 28 properties: 28 flats.
SE28 0LW is a residential postcode situated on Merbury Close, London, SE28 with 28 addresses.
It ranks as the 205th largest and 92nd most expensive of the 393 postcodes in the SE28 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 28 properties: 28 flats.
Sale prices range from £219,201 for 2 bedroom leasehold flats with a balcony (505 ft2) to £294,351 for 3 bedroom leasehold flats with a balcony (904 ft2) .
Monthly rental prices range from £1,511 pcm for 2 bed flats to £1,932 pcm for 3 bed flats.
The gross rental yield is between 7.9% and 8.3%.
The average value per square foot is £360.
The last sale in SE28 0LW sold for £280,000 on 5th January 2024. Since then prices are down an average of 3.1%.
The current average value in the postcode is £255,643.
The SE28 0LW Sales Market has increased by 5.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -3.7% | £255,643 |
| April 2025 | -2.1% | £265,499 |
| April 2024 | 1.5% | £271,322 |
| April 2023 | 1.4% | £267,295 |
| April 2022 | 3.2% | £263,640 |
| April 2021 | 1.8% | £255,414 |
| April 2020 | -2.7% | £250,976 |
| April 2019 | 0.9% | £257,986 |
| April 2018 | -2.1% | £255,679 |
| April 2017 | 7.7% | £261,103 |
| April 2016 | 13.2% | £242,474 |
| April 2015 | 15.4% | £214,284 |
| April 2014 | 20.8% | £185,663 |
| April 2013 | 0.4% | £153,645 |
| April 2012 | 0% | £153,036 |
| April 2011 | -1.7% | £153,096 |
| April 2010 | 5.3% | £155,803 |
| April 2009 | -16.8% | £147,928 |
| April 2008 | 2.6% | £177,803 |
| April 2007 | 0% | £173,361 |
The current average rental value in the postcode is £1,714.
The SE28 0LW Rental Market has increased by 43.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4.4% | £1,714pcm |
| April 2025 | 2% | £1,642pcm |
| April 2024 | 6.6% | £1,610pcm |
| April 2023 | 17.9% | £1,510pcm |
| April 2022 | 4.5% | £1,281pcm |
| April 2021 | -0.6% | £1,225pcm |
| April 2020 | 4.5% | £1,233pcm |
| April 2019 | 0.2% | £1,180pcm |
| April 2018 | -0.7% | £1,177pcm |
| April 2017 | -0.7% | £1,186pcm |
| April 2016 | 6.7% | £1,193pcm |
| April 2015 | 7.2% | £1,119pcm |
| April 2014 | 5.2% | £1,044pcm |
| April 2013 | 3.6% | £992pcm |
| April 2012 | 5.1% | £957pcm |
| April 2011 | 1.6% | £911pcm |
| April 2010 | 3.2% | £897pcm |
| April 2009 | -3.3% | £869pcm |
| April 2008 | 6.9% | £898pcm |
| April 2007 | 0% | £841pcm |
The last sale was on 5th January 2024 for £280,000 and since then the market in the area has decreased by 3.1%. The postcode has had a total of 20 sales since 1995.
SE28 0LW has seen 1 sale in the last three years and no sales in the last twelve months.
SE28 0LW is the 205th largest and the 92nd most expensive postcode out of the 393 postcodes in the SE28 area.
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The closest station to SE28 0LW is Gallions Reach station which is 1.2 kilometres away.
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