Lower Ground Floor Flat, 247
Lower Ground Floor Flat, 247
Description & Estimates
Lower Ground Floor Flat, 247, Peckham Rye appears in the public record as a leasehold apartment.
We estimate it to be an early-century apartment with 632 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Lower Ground Floor Flat, 247, Peckham Rye is £477,052 and its rental estimate is £2,194 per month, given the available information and assuming reasonable condition.
247, Peckham Rye is a residential building on Peckham Rye, London, SE15 and falls within the SE15 postal district and the London Borough of Southwark.
Our Data Sources
Lower Ground Floor Flat, 247, Peckham Rye has 131 entries in the Land Registry , most recently in July 2023 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 Lower Ground Floor Flat, 247, Peckham Rye, we estimate a market value of £500,904 and a rental value of £2,303 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £443,658 and £2,040 per month respectively.
Recent Market Change
Over the last year, Lower Ground Floor Flat, 247, Peckham Rye has seen its estimated sale value fall by £8,657 (1.8%) and its estimated rental value move up by £115 per month (5.3%). This results in an estimated gross rental yield of 5.5%.
Sold Prices
The most recent sale of Lower Ground Floor Flat, 247, Peckham Rye completed on 26th July 2023 at £440,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 13 times.
Values of comparable properties have dropped by 3.8% over the period since July 2023.
- Sold Jul 2023£440,000
- Sold Jun 2021£460,000
- Sold Jul 2017£495,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Lower Ground Floor Flat, 247, Peckham Rye have sold within a radius of 520 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th August 2024, was Flat 3, 5, Rye Hill Park, London, SE15 3JN, a leasehold flat which sold for £475,000.
Read more about house prices in SE15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 737 addresses on Peckham Rye, London, SE15, Lower Ground Floor Flat, 247, Peckham Rye comes out as the 325th largest and the 148th most expensive in our analysis of the public data.
It is also £40k less expensive than the average property across the SE15 district.
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Schools Nearby
- 600mIvydale Primary School
- 800mRye Oak Primary School
- 900mTurnham Academy
- 100mHarris Girls' Academy East Dulwich
- 700mHarris Boys' Academy East Dulwich
- 1.3kmHaberdashers' Hatcham College
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Public Transport Nearby
From Lower Ground Floor Flat, 247, Peckham Rye, the nearest station is Nunhead, 900 metres away.
- 900mNunhead
- 1.1kmHonor Oak Park
- 1.3kmBrockley
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
