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Spence CloseHouse Prices / London, Southwark
Last updated Jun 2026
Key Street Insights
Spence Close is a residential street with 7 addresses.
It ranks as the 41st largest and 19th most expensive of the 396 streets in the SE16 area. The dominant property type is a modern flat built after 1980.
The street contains a total of 7 properties: 3 houses and 4 flats.
7
Properties
- Houses
- Flats
Key Street Insights
Spence Close is a residential street with 7 addresses.
It ranks as the 41st largest and 19th most expensive of the 396 streets in the SE16 area. The dominant property type is a modern flat built after 1980.
The street contains a total of 7 properties: 3 houses and 4 flats.
7
Properties
- Houses
- Flats
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House Priceson Spence Close
Sale prices range from £283,635 for 1 bedroom Leasehold flats (484 ft2) to £614,497 for 3 bedroom freehold houses with a garden (861 ft2) .
Monthly rental prices range from £1,605 pcm for 1 bed flats to £3,193 pcm for 3 bed houses.
The gross rental yield is between 6.2% and 6.8%.
The average value per square foot is £586.
Average Sale Value
£409,855
Average Rental Value
£2,216 pcm
Average Rental Yield
6.5% /year
Average Value Per Sqft
£586 /ft2
Sales Market Trendson Spence Close
The current average value in the street is £409,855.
The Spence Close Sales Market has decreased by 3.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -4.4% | £409,855 |
| May 2025 | 0% | £428,531 |
| May 2024 | -1.9% | £428,643 |
| May 2023 | 0.7% | £437,065 |
| May 2022 | 1.9% | £434,118 |
| May 2021 | 0.8% | £426,157 |
| May 2020 | 2.3% | £422,821 |
| May 2019 | -1.9% | £413,509 |
| May 2018 | -0.9% | £421,699 |
| May 2017 | -0.1% | £425,720 |
| May 2016 | 9.5% | £426,334 |
| May 2015 | 10.3% | £389,195 |
| May 2014 | 22.6% | £352,778 |
| May 2013 | 6.1% | £287,668 |
| May 2012 | 3.8% | £271,034 |
| May 2011 | 2.2% | £261,163 |
| May 2010 | 9% | £255,480 |
| May 2009 | -13.4% | £234,427 |
| May 2008 | 6.1% | £270,655 |
| May 2007 | 0% | £255,151 |
Rental Market Trendson Spence Close
The current average rental value in the street is £2,216.
The Spence Close Rental Market has increased by 44.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 5.2% | £2,216pcm |
| May 2025 | 1.8% | £2,106pcm |
| May 2024 | 3.5% | £2,068pcm |
| May 2023 | 14.4% | £1,997pcm |
| May 2022 | 19.2% | £1,745pcm |
| May 2021 | -5.6% | £1,465pcm |
| May 2020 | 1.5% | £1,552pcm |
| May 2019 | 1.5% | £1,530pcm |
| May 2018 | 0.3% | £1,507pcm |
| May 2017 | -2.4% | £1,503pcm |
| May 2016 | 1.4% | £1,539pcm |
| May 2015 | 7% | £1,518pcm |
| May 2014 | 3.3% | £1,418pcm |
| May 2013 | -1.6% | £1,372pcm |
| May 2012 | 8.5% | £1,395pcm |
| May 2011 | 9.8% | £1,285pcm |
| May 2010 | 6.2% | £1,170pcm |
| May 2009 | -13.2% | £1,102pcm |
| May 2008 | 7.3% | £1,270pcm |
| May 2007 | 0% | £1,183pcm |
Explore Propertieson Spence Close, London, SE16
- 1, Spence Close, London, SE16 5UH3 bed modern house
- 2, Spence Close, London, SE16 5UH3 bed modern house
- 3, Spence Close, London, SE16 5UH2 bed modern house
- 4, Spence Close, London, SE16 5UH1 bed modern flat
- 5, Spence Close, London, SE16 5UH1 bed modern flat
- 6, Spence Close, London, SE16 5UH1 bed modern flat
- 7, Spence Close, London, SE16 5UH1 bed modern flat
Nearby Streetsto Spence Close, London, SE16
Spence Close, London, SE16 is the 41st largest and the 19th most expensive street in the SE16 area.
- 98 mCustom House Reach, London, SE1623 Addresses
- 101 mElgar Street, London, SE16124 Addresses
- 114 mWyatt Close, London, SE1622 Addresses
- 130 mOdessa Street, London, SE16311 Addresses
- 145 mTillett Square, London, SE169 Addresses
- 146 mVaughan Street, London, SE1675 Addresses
Postcodeson Spence Close, London, SE16
There is 1 postcode on Spence Close, London, SE16.
- House prices in SE16 5UH7 Addresses
Property Typesin Spence Close
- 3 modern houses built after 1980
- 4 modern flats built after 1980
- modern house (3)
- modern flat (4)
Energy Efficiencyof properties on Spence Close
- Energy Performance Certificate (EPC) surveys conducted for 7 properties.
- The dominant rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (7)
- G (0)
- D (0)
- No EPC (0)
Schools Nearbyto Spence Close, London, SE16
The nearest primary school to Spence Close, London, SE16 is Redriff Primary, City of London Academy which is 400 metres away.
- 400mRedriff Primary, City of London Academy
- 500mSt John's Roman Catholic Primary School
- 600mArnhem Wharf Primary School
The nearest secondary school is Bacon's College which is 700 metres away.
- 700mBacon's College
- 1.4kmCanary Wharf College Crossharbour
- 2.0kmThe Charter School Bermondsey
More reading links
Public Transport Nearbyto Spence Close, London, SE16
The closest station to Spence Close, London, SE16 is Heron Quays station which is 1.1 kilometres away.
- 1.1kmHeron Quays
- 1.1kmCanada Water
- 1.1kmSurrey Quays
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