197 Lower Road, London, SE16 2LW is a leasehold flat built between 1950-1966. The property offers approximately 764 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £342,770 , which equates to approximately £449 per square foot. It was last sold on 25 Jan 2006 for £159,500. Since then, the value has increased by £183,270, representing a 114.9% increase, or approximately 5.8% per year.

The current estimated value of £342,770 is:

  • 27.3% lower than the average property price on Lower Road
  • 3.7% lower than the average in the SE16 2LW postcode area
  • and 60.8% lower than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded once as rented and once as owner-occupied, indicating a change in how it was used over time.

At the most recent EPC inspection on 5 December 2021, the property was recorded as rented.

View sold house prices in SE16 2LW

Building approximate location

About Property

Type
Flat
Built
1950-1966
Interior Size
764 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£342,770
Price Per sq ft (estimate)
£449
Bedroom Count (estimate)
2 bedrooms

EPC Summary

197 Lower Road, London, Southwark, Greater London, SE16 2LW has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 5 Dec 2021.

This property is heated by a shared community system (community scheme). Community heating means the heat is supplied from a central source serving multiple homes. A community heating scheme is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 16 Oct 2008, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 11.4%.

Since the previous assessment, several changes were observed:

  • The hot water system was changed from from main system to community scheme, with its energy efficiency changing from good to average.
  • The lighting was updated from no low energy lighting to low energy lighting in all fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Community scheme
Good
Hot Water
Community scheme
Average
Walls
System built, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Sale History

Today
£342,770
streetscan.co.uk estimate
+115 %
25 Jan 2006
£159,500
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 678 sq ft
sale price: £317,000
sale date: 3 Mar 2023
rooms: 4
size: 689 sq ft
sale price: £413,000
sale date: 23 Apr 2024
rooms: 3
size: 689 sq ft
sale price: £400,000
sale date: 12 Jul 2023
rooms: 3
size: 678 sq ft
sale price: £345,000
sale date: 19 May 2023
rooms: 3
size: 689 sq ft
sale price: £360,000
sale date: 15 Sep 2022

Data Sources

The property at 197 Lower Road, London, Southwark, Greater London, SE16 2LW appears once in the Land Registry records, with the transaction recorded on 25 Jan 2006. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 5 Dec 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.