Flat 11, 2
Flat 11, 2
Description & Estimates
Public records show Flat 11, 2, Rainbow Quay to be a modern leasehold apartment with 775 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a balcony.
Flat 11, 2, Rainbow Quay has an estimated sale value of £470,429 and an estimated rental value of £2,480 per month, assuming reasonable condition and based on the information available.
The apartment sits within 2, Rainbow Quay, London, SE16.
Rainbow Quay, London, SE16 lies in the borough of Southwark, within the SE16 postal district.
Our Data Sources
Flat 11, 2, Rainbow Quay has 41 entries in the Land Registry , most recently in March 2021 and a single entry in the EPC database dated October 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 11, 2, Rainbow Quay would be worth £493,950, with a potential rental value of £2,604 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £437,499, with a rental value of £2,306 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 Flat 11, 2, Rainbow Quay has decreased by £19,675 (4.2%) over the last year. During the same period, its estimated monthly rental value has grown by £145 (5.9%). The property's estimated gross yield is currently 6.3%.
Energy Efficiency
Flat 11, 2, Rainbow Quay has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Oct 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Sold Prices
Flat 11, 2, Rainbow Quay last changed hands on 1st March 2021, selling for £504,300. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has dropped by 5.6% since March 2021.
- Sold Mar 2021£504,300
- Sold Sep 2010£310,000
- Sold Oct 2001£225,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 330 metres of Flat 11, 2, Rainbow Quay across the last 2 years.
Most recently, Flat 1, 7, Rainbow Quay, London, SE16 7UF, a leasehold flat, sold at £500,000 on the 21st January 2025.
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 Flat 11, 2, Rainbow Quay as the 34th largest and the 32nd most expensive of the 72 addresses on Rainbow Quay, London, SE16.
Against the SE16 postcode district average, it is £18k more expensive than the typical property.
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Schools Nearby
- 600mArnhem Wharf Primary School
- 800mDeptford Park Primary School
- 800mSt John's Roman Catholic Primary School
- 1.0kmBacon's College
- 1.4kmCanary Wharf College Crossharbour
- 1.8kmDeptford Green School
More reading links
Public Transport Nearby
Surrey Quays station is the nearest stop to Flat 11, 2, Rainbow Quay at 900 metres away.
- 900mSurrey Quays
- 1.1kmCanada Water
Available Internet Speeds
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.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
