2 Grovelands Close, London, SE5 8JN is a leasehold flat built between 1983-1990. The property offers approximately 398 square feet of living space. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £245,404 , which equates to approximately £616 per square foot. It was last sold on 28 Sep 2012 for £165,000. Since then, the value has increased by £80,404, representing a 48.7% increase, or approximately 3.7% per year.

The current estimated value of £245,404 is:

  • 37.8% lower than the average property price on Grovelands Close
  • 36.2% lower than the average in the SE5 8JN postcode area
  • and 72.0% 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 6 June 2022, the property was recorded as rented.

View sold house prices in SE5 8JN

Building approximate location

About Property

Type
Flat
Built
1983-1990
Interior Size
398 sq ft
Tenure
Leasehold
Price (estimate)
£245,404
Price Per sq ft (estimate)
£616
Bedroom Count (estimate)
1 bedroom

EPC Summary

2 Grovelands Close, London, Southwark, Greater London, SE5 8JN has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 6 Jun 2022.

This property uses electric room heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 13 Jun 2012, when the property was rated E. Since then, the rating has improved to C, with the energy efficiency score increasing by 39.6%.

Since the previous assessment, several changes were observed:

  • The heating system changed from electric ceiling heating, electric to room heaters, electric, with no change in energy efficiency (very poor).
  • The hot water system was changed from electric immersion, standard tariff to electric immersion, off-peak, with its energy efficiency improving from very poor to poor.
  • The wall construction or insulation changed from cavity wall, as built, no insulation (assumed) to cavity wall, as built, insulated (assumed), improving energy efficiency from poor to good.
  • The windows were upgraded from partial secondary glazing to fully double glazed.
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to SE5 8JN

47 th / 47
Price Rank
36% lower than average
32 nd / 38
Size Rank
24% smaller than average
31 st / 38
Price Per Sq FT Rank
16% lower than average

Compared to other properties in SE5 8JN , this flat's estimated value ranks 47th out of 47. Based on price per square foot, it ranks 31th out of 38 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 32th out of 38 properties in its postcode area.

Sale History

Today
£245,404
streetscan.co.uk estimate
+49 %
28 Sep 2012
£165,000
Leasehold
+292.9 %
15 Sep 1998
£42,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 366 sq ft
sale price: £250,000
sale date: 15 Dec 2023
rooms: 2
size: 420 sq ft
sale price: £210,000
sale date: 3 Jun 2019
rooms: 2
size: 366 sq ft
sale price: £195,000
sale date: 16 Aug 2013
rooms: 3
size: 388 sq ft
sale price: £125,000
sale date: 13 May 2009
rooms: 3
size: 420 sq ft
sale price: £115,000
sale date: 11 Oct 2002

Data Sources

The property at 2 Grovelands Close, London, SE5 8JN appears two times in the Land Registry records, with the latest transaction recorded on 28 Sep 2012. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 6 Jun 2022. 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.