241B, Lower Road
241B, Lower Road
Description & Estimates
The public record describes 241B, Lower Road as a period apartment with 236 ft2 of internal area.
In this area, apartments of this size are normally studios.
241B, Lower Road has an estimated sale value of £149,060 and an estimated rental value of £875 per month, assuming reasonable condition and based on the information available.
The apartment sits within 241, Lower Road, London, SE16.
Lower Road, London, SE16 lies in the borough of Southwark, within the SE16 postal district.
Our Data Sources
241B, Lower Road has no records in the the Land Registry and a single entry in the EPC database dated August 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 241B, Lower Road would be worth £156,513, with a potential rental value of £919 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £138,626, with a rental value of £814 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 241B, Lower Road has dropped by £4,994 (3.4%) over the last year. During the same period, its estimated monthly rental value has risen by £48 (5.5%). The property's estimated gross yield is currently 7.0%.
Energy Efficiency
241B, Lower Road has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Aug 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 1 sale of a comparable property within 310 metres of 241B, Lower Road across the last 2 years.
Most recently, 31, Tawny Way, London, SE16 2NG, a leasehold flat, sold at £310,000 on the 7th August 2015.
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
Our analysis of the public data ranks 241B, Lower Road as the 381st largest and the 378th most expensive of the 382 addresses on Lower Road, London, SE16.
Against the SE16 postcode district average, it is £304k less expensive than the typical property.
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Schools Nearby
- 300mRotherhithe Primary School
- 600mSt Joseph's Catholic Primary School
- 700mDeptford Park Primary School
- 1.1kmBacon's College
- 1.3kmThe Charter School Bermondsey
- 1.5kmCity of London Academy (Southwark)
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Public Transport Nearby
Surrey Quays station is the nearest stop to 241B, Lower Road at 200 metres away.
- 200mSurrey Quays
- 700mCanada Water
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
