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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
The public record describes 5, Drake Close as a modern house with 688 ft2 of internal area, sitting on a 106 m2 plot.
In this area, houses of this size normally have 2 bedrooms with a garden.
5, Drake Close has an estimated sale value of £753,218 and an estimated rental value of £3,308 per month, assuming reasonable condition and based on the information available.
Drake Close, London, SE16 lies in the borough of Southwark, within the SE16 postal district.
5, Drake Close has no recent1 records in the the Land Registry and a single entry in the EPC database dated October 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
In very good condition, we estimate 5, Drake Close would be worth £790,879, with a potential rental value of £3,474 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £700,493, with a rental value of £3,077 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 5, Drake Close has fallen by £31,045 (4.1%) over the last year. During the same period, its estimated monthly rental value has moved up by £193 (5.8%). The property's estimated gross yield is currently 5.3%.
5, Drake Close occupies a 106 m2 plot as recorded by HM Land Registry.
All 14 other houses in this postcode have recorded plot sizes, and this one ranks as the 7th largest.
5, Drake Close has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Oct 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
5, Drake Close last changed hands on 15th September 2004, selling for £275,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 350 metres of 5, Drake Close across the last 2 years.
Most recently, 1, Fishermans Drive, London, SE16 6SG, a freehold house, sold at £780,000 on the 27th March 2024.
Read more about house prices in SE16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 5, Drake Close as the 13th largest and the 13th most expensive of the 14 addresses on Drake Close, London, SE16.
Against the SE16 postcode district average, it is £300k more expensive than the typical property.
Rotherhithe station is the nearest stop to 5, Drake Close at 500 metres away.
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
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The recent census recorded whether a resident owned or rented their home.
In the area around 5, Drake Close, 54.5% of property is privately rented and 23.7% is privately owned with a mortgage.
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 5, Drake Close, 13.5% of residents are recorded as possessing school level qualifications and 77.2% 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 5, Drake Close, the average age was 35.9 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 5, Drake Close, 0.4% 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 5, Drake Close, there are an average of 0.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
