3, Grovelands Close
3, Grovelands Close
Description & Estimates
3, Grovelands Close is recorded publicly as a modern leasehold apartment across 419 ft2 of internal area.
Locally, apartments of this size normally have 1 bedroom.
Our estimate of the sale value of 3, Grovelands Close is £296,759 and its rental estimate is £1,716 per month, given the available information and assuming reasonable condition.
Grovelands Close, London, SE5 falls within the SE5 postal district, in the borough of Southwark.
Our Data Sources
3, Grovelands Close has 21 entries in the Land Registry , most recently in June 2019 and a single entry in the EPC database dated October 2020.
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
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 3, Grovelands Close, we estimate a market value of £311,597 and a rental value of £1,801 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £275,986 and £1,596 per month respectively.
Recent Market Change
Over the last year, 3, Grovelands Close has seen its estimated sale value drop by £3,114 (1.0%) and its estimated rental value rise by £107 per month (6.2%). This results in an estimated gross rental yield of 6.9%.
Energy Efficiency
3, Grovelands Close has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Oct 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of 3, Grovelands Close completed on 3rd June 2019 at £210,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 9.4% over the period since June 2019.
- Sold Jun 2019£210,000
- Sold Oct 2001£101,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Grovelands Close have sold within a radius of 370 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 15th December 2023, was 31, Grovelands Close, London, SE5 8JN, a leasehold flat which sold for £250,000.
Read more about house prices in SE5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 59 addresses on Grovelands Close, London, SE5, 3, Grovelands Close comes out as the 46th largest and the 46th most expensive in our analysis of the public data.
It is also £209k less expensive than the average property across the SE5 district.
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Schools Nearby
- 300mLyndhurst Primary School
- 400mGrove Primary School
- 700mOliver Goldsmith Primary School
- 800mHarris Academy Peckham
- 1.1kmThe Charter School East Dulwich
- 1.2kmSacred Heart Catholic School
More reading links
Public Transport Nearby
From 3, Grovelands Close, the nearest station is Denmark Hill, 400 metres away.
- 400mDenmark Hill
- 900mEast Dulwich
- 1.0kmPeckham Rye
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
