3, New Place Square
3, New Place Square
Description & Estimates
3, New Place Square is recorded publicly as a mid-century leasehold apartment across 1,022 ft2 of internal area.
Locally, apartments of this size normally have 3 bedrooms.
Our estimate of the sale value of 3, New Place Square is £402,374 and its rental estimate is £2,283 per month, given the available information and assuming reasonable condition.
New Place Square, London, SE16 falls within the SE16 postal district, in the borough of Southwark.
Our Data Sources
3, New Place Square has 41 entries in the Land Registry , most recently in November 2024 and a single entry in the EPC database dated June 2024.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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, New Place Square, we estimate a market value of £422,493 and a rental value of £2,397 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £374,208 and £2,123 per month respectively.
Recent Market Change
Over the last year, 3, New Place Square has seen its estimated sale value drop by £11,641 (2.9%) and its estimated rental value rise by £125 per month (5.5%). This results in an estimated gross rental yield of 6.8%.
Energy Efficiency
3, New Place Square has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Jun 2024.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
The most recent sale of 3, New Place Square completed on 29th November 2024 at £450,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 12.8% over the period since November 2024.
- Sold Nov 2024£450,000
- Sold Jul 2000£112,500
- Sold Feb 2000£108,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, New Place Square have sold within a radius of 300 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 23rd May 2025, was 40, Lockwood Square, London, SE16 2HS, a leasehold flat which sold for £415,500.
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
Of the 148 addresses on New Place Square, London, SE16, 3, New Place Square comes out as the largest and the 3rd most expensive in our analysis of the public data.
It is also £50k less expensive than the average property across the SE16 district.
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Schools Nearby
- 300mRiverside Primary School
- 400mSt James' Church of England Primary School
- 500mSouthwark Park Primary School
- 200mThe Charter School Bermondsey
- 500mSt Michael's Catholic College
- 800mHarris Academy Bermondsey
More reading links
Public Transport Nearby
From 3, New Place Square, the nearest station is Bermondsey, 200 metres away.
- 200mBermondsey
- 600mRotherhithe
- 700mWapping
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.
