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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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According to the public record, 2B, Redcross Way is a modern freehold house with 1,571 ft2 of internal area and sits on a 116 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2B, Redcross Way is £1,166,054 and the estimated rental value is £4,905 per month.
Redcross Way, London, SE1 is located in the borough of Southwark within the SE1 postal district.
2B, Redcross Way has 21 entries in the Land Registry , most recently in February 2016 and a single entry in the EPC database dated August 2023.
We combine this information with that 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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 2B, Redcross Way is in very good condition we estimate a sale value of £1,224,356 and a rental value of £5,150 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,084,430 and a rental value of £4,562 per month.
Over the last 12 months the sale value of 2B Redcross Way has decreased by an estimated £28,821 (2.5%) and its rental value has increased by an estimated £224 per month (4.6%), giving an expected gross yield of 5%.
According to data from HM Land Registry, 2B, Redcross Way sits on a plot of 116m2.
We have plot size data on 2 out of 5 other houses in the postcode and 2B, Redcross Way sits on the 2nd largest plot.
2B, Redcross Way has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Aug 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
According to HM Land Registry, 2B, Redcross Way was last sold on 12th February 2016 for £1,279,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since February 2016, the market for similar properties has dropped 15.0%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 2B, Redcross Way within a radius of 380 metres over the last 2 years.
The most recent example is 59 & A Half, Southwark Street, London, SE1 0AL, a freehold house which sold for £13,520,000 on the 17th October 2024.
Read more about house prices in SE1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redcross Way, London, SE1 has a total of 117 addresses. According to our analysis of all the public data, 2B, Redcross Way is the largest and the most expensive property on the street.
When compared to the postcode district it is £538k more expensive than the average property in SE1.
The closest station to 2B, Redcross Way is Borough station which is 400 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2B, Redcross Way, 66.3% of property is privately rented and 13.6% is privately owned outright.
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 2B, Redcross Way, 10.3% of residents are recorded as possessing school level qualifications and 80.0% 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 2B, Redcross Way, the average age was 34.4 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 2B, Redcross Way, 4.1% 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 2B, Redcross 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.
