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Apartments of this size in this area normally have 2 bedrooms with a balcony.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 9, 2, Rainbow Quay is £478,723 and the estimated rental value is £2,514 per month.
The apartment is within 2, Rainbow Quay, London, SE16.
Rainbow Quay, London, SE16 is located in the borough of Southwark within the SE16 postal district.
Flat 9, 2, Rainbow Quay has 41 entries in the Land Registry , most recently in March 2011 and a single entry in the EPC database dated January 2019.
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.
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 Flat 9, 2, Rainbow Quay is in very good condition we estimate a sale value of £502,659 and a rental value of £2,640 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £445,212 and a rental value of £2,338 per month.
Over the last 12 months the sale value of Flat 9 2 Rainbow Quay has decreased by an estimated £20,022 (4.2%) and its rental value has increased by an estimated £147 per month (5.9%), giving an expected gross yield of 6.3%.
Flat 9, 2, Rainbow Quay has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Jan 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
According to HM Land Registry, Flat 9, 2, Rainbow Quay was last sold on 30th March 2011 for £337,500 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since March 2011, the market for similar properties has risen 44.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 9, 2, Rainbow Quay within a radius of 330 metres over the last 2 years.
The most recent example is Flat 1, 7, Rainbow Quay, London, SE16 7UF, a leasehold flat which sold for £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.
Rainbow Quay, London, SE16 has a total of 72 addresses. According to our analysis of all the public data, Flat 9, 2, Rainbow Quay is the 25th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in SE16.
The nearest school is Arnhem Wharf Primary School which is 600 metres away. The nearest train station is Surrey Quays which is 900 metres away.
Please login for all schools and rail links, broadband speeds, floodrisk and area demographics information including levels of education, home ownership and more.
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