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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Reed Close is a mid-century house with 721 ft2 of internal area and sits on a 132 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Reed Close is £442,625 and the estimated rental value is £2,056 per month.
Reed Close, London, SE12 is located in the borough of Greenwich within the SE12 postal district.
2, Reed Close has no recent1 records in the the Land Registry and a single entry in the EPC database dated November 2020.
We combine this information with public data 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.
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 2, Reed Close is in very good condition we estimate a sale value of £464,756 and a rental value of £2,159 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £411,641 and a rental value of £1,912 per month.
Over the last 12 months the sale value of 2 Reed Close has increased by an estimated £2,317 (0.5%) and its rental value has increased by an estimated £99 per month (4.8%), giving an expected gross yield of 5.6%.
According to data from HM Land Registry, 2, Reed Close sits on a plot of 132m2.
We have plot size data on 20 out of 20 other houses in the postcode and 2, Reed Close sits on the 7th largest plot.
2, Reed Close has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Nov 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Reed Close was last sold on 10th March 2006 for £210,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Reed Close within a radius of 460 metres over the last 2 years.
The most recent example is 7, Reed Close, London, SE12 8UD, a freehold house which sold for £465,000 on the 28th October 2022.
Read more about house prices in SE12.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reed Close, London, SE12 has a total of 20 addresses. According to our analysis of all the public data, 2, Reed Close is the 9th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in SE12.
The closest station to 2, Reed Close is Lee (London) station which is 600 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 2, Reed Close, 30.3% of property is socially rented and 26.2% is privately owned outright.
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 2, Reed Close, 21.7% of residents are recorded as possessing school level qualifications and 49.4% 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 2, Reed Close, the average age was 37.2 and the most common age was 32.
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 2, Reed Close, 1.7% 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 2, Reed Close, there are an average of 0.9 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
