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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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8, Drake Close is described in the public record as a modern house with 742 ft2 of internal area, sitting on a 104 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 8, Drake Close is £803,446 and its rental estimate is £3,543 per month, given the available information and assuming reasonable condition.
Drake Close, London, SE16 falls within the SE16 postal district, in the borough of Southwark.
8, Drake Close has no records in the the Land Registry and a single entry in the EPC database dated March 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.
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 8, Drake Close, we estimate a market value of £843,618 and a rental value of £3,720 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £747,204 and £3,295 per month respectively.
Over the last year, 8, Drake Close has seen its estimated sale value fall by £30,593 (3.8%) and its estimated rental value move up by £183 per month (5.2%). This results in an estimated gross rental yield of 5.3%.
HM Land Registry records the plot of land for 8, Drake Close as measuring 104 m2.
That makes it the 8th largest plot in the postcode, where all 14 other houses have recorded plot data.
8, Drake Close has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Mar 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to 8, Drake Close have sold within a radius of 340 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 6th January 2023, was 19, Thame Road, London, SE16 6AR, a freehold house which sold for £810,000.
Read more about house prices in SE16.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 14 addresses on Drake Close, London, SE16, 8, Drake Close comes out as the 12th largest and the 12th most expensive in our analysis of the public data.
It is also £351k more expensive than the average property across the SE16 district.
From 8, Drake Close, the nearest station is Rotherhithe, 500 metres away.
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none 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 8, 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 8, 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 8, 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 8, 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 8, 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.
