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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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Public records show 55, Lucey Way to be a mid-century leasehold apartment with 376 ft2 of internal area.
In this area, apartments of this size normally have 1 bedroom.
55, Lucey Way has an estimated sale value of £203,018 and an estimated rental value of £1,198 per month, assuming reasonable condition and based on the information available.
Lucey Way, London, SE16 lies in the borough of Southwark, within the SE16 postal district.
55, Lucey Way has 31 entries in the Land Registry , most recently in October 2012 and a single entry in the EPC database dated June 2022.
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.
In very good condition, we estimate 55, Lucey Way would be worth £213,169, with a potential rental value of £1,258 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £188,807, with a rental value of £1,114 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 55, Lucey Way has fallen by £7,014 (3.5%) over the last year. During the same period, its estimated monthly rental value has moved up by £66 (5.5%). The property's estimated gross yield is currently 7.1%.
55, Lucey Way has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jun 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
55, Lucey Way last changed hands on 5th October 2012, selling for £125,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 43.6% since October 2012.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 320 metres of 55, Lucey Way across the last 2 years.
Most recently, 76, Woolstaplers Way, London, SE16 3UP, a leasehold flat, sold at £260,000 on the 30th November 2022.
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 55, Lucey Way as the 221st largest and the 221st most expensive of the 234 addresses on Lucey Way, London, SE16.
Against the SE16 postcode district average, it is £250k less expensive than the typical property.
Bermondsey station is the nearest stop to 55, Lucey Way at 500 metres away.
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 55, Lucey Way, 60.7% of property is socially rented and 24.5% 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 55, Lucey Way, 13.4% of residents are recorded as possessing school level qualifications and 40.2% 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 55, 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 55, 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 55, Lucey Way, there are an average of 0.3 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.
