Flat 2, 2 Rainbow Quay, London, SE16 7UF is a leasehold flat built between 1996-2002. The property offers approximately 560 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £408,044 , which equates to approximately £729 per square foot. It was last sold on 3 May 2024 for £390,000. Since then, the value has increased by £18,044, representing a 4.6% increase, or approximately 2.9% per year.

The current estimated value of £408,044 is:

  • 35.9% lower than the average property price on Rainbow Quay
  • 30.3% lower than the average in the SE16 7UF postcode area
  • and 53.4% lower than the average price for London as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 20 June 2019, the property was recorded as owner-occupied.

View sold house prices in SE16 7UF

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
560 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£408,044
Price Per sq ft (estimate)
£729
Bedroom Count (estimate)
1 bedroom

EPC Summary

Flat 2, 2 Rainbow Quay, London, Southwark, Greater London Authority, SE16 7UF has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 20 Jun 2019.

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 21 Nov 2008. The rating of D remains the same, but the energy efficiency score improved by 12.7%.

Since the previous assessment, several changes were observed:

  • 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
Room heaters, electric
Very Poor
Hot Water
Electric immersion, off-peak
Poor
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to SE16 7UF

68 th / 72
Price Rank
30% lower than average
53 rd / 64
Size Rank
18% smaller than average
43 rd / 64
Price Per Sq FT Rank
15% lower than average

Compared to other properties in SE16 7UF , this flat's estimated value ranks 68th out of 72. Based on price per square foot, it ranks 43th out of 64 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 53th out of 64 properties in its postcode area.

Sale History

Today
£408,044
streetscan.co.uk estimate
+5 %
3 May 2024
£390,000
Leasehold
+2 %
17 Jun 2015
£382,500
Leasehold
+53 %
6 Feb 2007
£249,950
Leasehold
+152.6 %
22 Aug 1998
£98,950
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 2
size: 495 sq ft
sale price: £365,000
sale date: 27 Mar 2025
rooms: 2
size: 581 sq ft
sale price: £425,000
sale date: 28 Feb 2025
rooms: 2
size: 484 sq ft
sale price: £385,000
sale date: 6 Jan 2023
rooms: 2
size: 484 sq ft
sale price: £350,000
sale date: 31 May 2022
rooms: 2
size: 581 sq ft
sale price: £400,000
sale date: 16 Apr 2020

Data Sources

The property at Flat 2, 2 Rainbow Quay, London, SE16 7UF appears four times in the Land Registry records, with the latest transaction recorded on 3 May 2024. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 20 Jun 2019. 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.