Flat B, 16
Flat B, 16
Description & Estimates
Flat B, 16, Searles Road is described in the public record as a period apartment with 807 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat B, 16, Searles Road is £528,640 and its rental estimate is £2,861 per month, given the available information and assuming reasonable condition.
16, Searles Road is a residential building on Searles Road, London, SE1 and falls within the SE1 postal district and the London Borough of Southwark.
Our Data Sources
Flat B, 16, Searles Road has no records in the the Land Registry and a single entry in the EPC database dated January 2017.
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.
Price Range & Condition
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 Flat B, 16, Searles Road, we estimate a market value of £555,072 and a rental value of £3,004 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £491,635 and £2,661 per month respectively.
Recent Market Change
Over the last year, Flat B, 16, Searles Road has seen its estimated sale value decrease by £4,265 (0.8%) and its estimated rental value grow by £169 per month (5.9%). This results in an estimated gross rental yield of 6.5%.
Energy Efficiency
Flat B, 16, Searles Road has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Jan 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat B, 16, Searles Road have sold within a radius of 290 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th March 2024, was Flat G-07, The School House, Pages Walk, London, SE1 4HG, a leasehold flat which sold for £545,000.
Read more about house prices in SE1.
- Sold Mar 2024£545,000 | 2 Bed FlatThe School House, Pages WalkFlat G-07, The School House, Pages Walk, London, SE1 4HG
- Sold Feb 2024£500,000 | 2 Bed FlatTower Bridge Road25A, Tower Bridge Road, London, SE1 4TL
- Sold May 2023£610,000 | 2 Bed FlatThe School House, Pages WalkFlat 2-09, The School House, Pages Walk, London, SE1 4HG
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 113 addresses on Searles Road, London, SE1, Flat B, 16, Searles Road comes out as the 81st largest and the 82nd most expensive in our analysis of the public data.
It is also £100k less expensive than the average property across the SE1 district.
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Schools Nearby
- 400mEnglish Martyrs' Roman Catholic Primary School
- 400mVictory Primary School
- 500mGrange Primary School
- 100mSt Saviour's and St Olave's Church of England School
- 600mSouth Bank University Academy
- 900mArk Walworth Academy
More reading links
Public Transport Nearby
From Flat B, 16, Searles Road, the nearest station is Elephant & Castle, 800 metres away.
- 800mElephant & Castle
- 900mBorough
- 1.3kmLondon Bridge
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
