Flat 3, 2 Rainbow Quay, London, SE16 7UF is a leasehold flat built between 1996-2002. The property offers approximately 797 square feet of living space. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £693,132 , which equates to approximately £870 per square foot. It was last sold on 29 Jul 2002 for £267,500. Since then, the value has increased by £425,632, representing a 159.1% increase, or approximately 6.8% per year.

The current estimated value of £693,132 is:

  • 8.9% higher than the average property price on Rainbow Quay
  • 18.4% higher than the average in the SE16 7UF postcode area
  • and 20.8% 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 17 November 2023, the property was recorded as rented.

View sold house prices in SE16 7UF

Building approximate location

About Property

Type
Flat
Built
1996-2002
Interior Size
797 sq ft
Tenure
Leasehold
Price (estimate)
£693,132
Price Per sq ft (estimate)
£870
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 3, 2 Rainbow Quay, London, Southwark, Greater London, SE16 7UF has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 17 Nov 2023.

This property uses electric room heaters as its main heating source. A standard tariff electric immersion heater is used to provide hot water. The windows are fully double glazed.

The previous EPC assessment was conducted on 26 Nov 2011, when the property was rated C. The current rating of D reflects a decline in energy efficiency of 13%.

Since the previous assessment, several changes were observed:

  • The heating system was upgraded from electric storage heaters to room heaters, electric, changing energy efficiency from average to very poor.
  • The hot water system was changed from electric immersion, off-peak to electric immersion, standard tariff, with its energy efficiency changing from average to very poor.
  • The lighting was changed from low energy lighting in 75% of fixed outlets to low energy lighting in all fixed outlets, with no change in efficiency (very good).
Heating Type
Room heaters, electric
Very Poor
Hot Water
Electric immersion, standard tariff
Very 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

45 th / 72
Price Rank
18% higher than average
20 th / 64
Size Rank
16% bigger than average
50 th / 64
Price Per Sq FT Rank
2% higher than average

Compared to other properties in SE16 7UF , this flat's estimated value ranks 45th out of 72. Based on price per square foot, it ranks 50th 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 20th out of 64 properties in its postcode area.

Sale History

Today
£693,132
streetscan.co.uk estimate
+159 %
29 Jul 2002
£267,500
Leasehold
+98.2 %
21 Aug 1998
£134,950
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 797 sq ft
sale price: £500,000
sale date: 21 Jan 2025
rooms: 3
size: 689 sq ft
sale price: £515,000
sale date: 13 Jan 2025
rooms: 4
size: 861 sq ft
sale price: £620,000
sale date: 16 Mar 2022
rooms: 4
size: 915 sq ft
sale price: £585,000
sale date: 24 Jun 2021
rooms: 3
size: 775 sq ft
sale price: £504,300
sale date: 1 Mar 2021

Data Sources

The property at Flat 3, 2 Rainbow Quay, London, SE16 7UF appears two times in the Land Registry records, with the latest transaction recorded on 29 Jul 2002. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 17 Nov 2023. 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.