18, Pier Way
18, Pier Way
Description & Estimates
According to the public record, 18, Pier Way is a modern leasehold apartment with 1,184 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 18, Pier Way is £502,995 and the estimated rental value is £2,736 per month.
Pier Way, London, SE28 is located in the borough of Greenwich within the SE28 postal district.
Our Data Sources
18, Pier Way has a single entry in the Land Registry from December 2023 and a single entry in the EPC database dated December 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 18, Pier Way is in very good condition we estimate a sale value of £528,145 and a rental value of £2,873 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £467,786 and a rental value of £2,544 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 18, Pier Way has fallen by £20,305 (4.0%), while its estimated rental value has moved up by £76 per month (2.8%). Based on current estimates, the property offers a gross rental yield of 6.5%.
Energy Efficiency
18, Pier Way has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Dec 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Community scheme.
Sold Prices
According to HM Land Registry, 18, Pier Way was last sold on 21st December 2023 for £540,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since December 2023, the market for similar properties has dropped by 35.7%.
- Sold Dec 2023£540,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Pier Way within a radius of 340 metres over the last 2 years.
The most recent example is 26, Vousden Grove, London, SE28 0PG, a leasehold flat which sold for £535,000 on the 23rd February 2024.
Read more about house prices in SE28.
- Sold Feb 2024£535,000 | 3 Bed Flat26, Vousden Grove, London, SE28 0PG26, Vousden Grove, London, SE28 0PG
- Sold Dec 2023£518,000 | 3 Bed Flat14, Pier Way, London, SE28 0FH14, Pier Way, London, SE28 0FH
- Sold Dec 2023£510,000 | 3 Bed FlatFlat 301, Bevis House 2, Vousden Grove, London, SE28 0PGFlat 301, Bevis House 2, Vousden Grove, London, SE28 0PG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Pier Way, London, SE28 has a total of 69 addresses. According to our analysis of all the public data, 18, Pier Way is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £191k more expensive than the average property in SE28.
More reading links
Schools Nearby
- 100mHeronsgate Primary School
- 800mSt Patrick's Catholic Primary School
- 1.0kmSouth Rise Primary School
- 1.3kmPlumstead Manor School
- 1.7kmSt Paul's Academy
- 1.8kmLondon Design and Engineering UTC
More reading links
Public Transport Nearby
The closest station to 18, Pier Way is Plumstead station, which is 600 metres away.
- 600mPlumstead
- 800mWoolwich (Elizabeth line)
- 800mWoolwich
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
