12, Drake Close
12, Drake Close
Description & Estimates
The public record describes 12, Drake Close as a modern house with 1,001 ft2 of internal area, sitting on a 130 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
12, Drake Close has an estimated sale value of £961,229 and an estimated rental value of £4,043 per month, assuming reasonable condition and based on the information available.
Drake Close, London, SE16 lies in the borough of Southwark, within the SE16 postal district.
Our Data Sources
12, Drake Close has no recent1 records in the the Land Registry and a single entry in the EPC database dated July 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 12, Drake Close would be worth £1,009,290, with a potential rental value of £4,245 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £893,943, with a rental value of £3,760 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 12, Drake Close has dropped by £36,601 (3.8%) over the last year. During the same period, its estimated monthly rental value has risen by £209 (5.2%). The property's estimated gross yield is currently 5.0%.
Plot Size
12, Drake Close occupies a 130 m2 plot as recorded by HM Land Registry.
All 14 other houses in this postcode have recorded plot sizes, and this one ranks as the 3rd largest.
Energy Efficiency
12, Drake Close has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jul 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
12, Drake Close last changed hands on 30th November 2006, selling for £395,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 3 times since 1995.
- Sold Nov 2006£395,000
- Sold Sep 1998£150,000
- Sold Mar 1996£115,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 340 metres of 12, Drake Close across the last 2 years.
Most recently, 13, Drake Close, London, SE16 6RS, a freehold house, sold at £1,200,000 on the 24th November 2022.
Read more about house prices in SE16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 12, Drake Close as the 7th largest and the 7th most expensive of the 14 addresses on Drake Close, London, SE16.
Against the SE16 postcode district average, it is £509k more expensive than the typical property.
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Schools Nearby
- 100mAlfred Salter Primary School
- 200mSt John's Roman Catholic Primary School
- 500mRedriff Primary, City of London Academy
- 200mBacon's College
- 1.4kmThe Charter School Bermondsey
- 1.5kmBishop Challoner Catholic School
More reading links
Public Transport Nearby
Rotherhithe station is the nearest stop to 12, Drake Close at 500 metres away.
- 500mCanada Water
- 600mRotherhithe
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
