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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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246, Lucey Way is described in the public record as a mid-century apartment with 1,162 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 246, Lucey Way is £440,183 and its rental estimate is £2,469 per month, given the available information and assuming reasonable condition.
Lucey Way, London, SE16 falls within the SE16 postal district, in the borough of Southwark.
246, Lucey Way has no recent1 records in the the Land Registry and a single entry in the EPC database dated September 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 246, Lucey Way, we estimate a market value of £462,192 and a rental value of £2,592 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £409,370 and £2,296 per month respectively.
Over the last year, 246, Lucey Way has seen its estimated sale value move down by £12,735 (2.9%) and its estimated rental value increase by £135 per month (5.5%). This results in an estimated gross rental yield of 6.7%.
246, Lucey Way has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Sep 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
The most recent sale of 246, Lucey Way completed on 16th October 1998 at £72,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Over the past 2 years 3 properties similar to 246, Lucey Way have sold within a radius of 260 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 3rd October 2024, was 244, Lucey Way, London, SE16 3UG, a leasehold flat which sold for £375,000.
Read more about house prices in SE16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 234 addresses on Lucey Way, London, SE16, 246, Lucey Way comes out as the 18th largest and the 18th most expensive in our analysis of the public data.
It is also £13k less expensive than the average property across the SE16 district.
From 246, Lucey Way, the nearest station is Bermondsey, 400 metres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 246, Lucey Way, 72.7% of property is socially rented and 13.3% is privately rented.
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 246, Lucey Way, 23.4% of residents are recorded as possessing school level qualifications and 28.5% 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 246, Lucey Way, the average age was 34.9 and the most common age was 27.
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 246, Lucey Way, 0.0% 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 246, Lucey Way, there are an average of 0.4 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
