Flat 5, 388 Southwark Park Road, London, SE16 2ET is a leasehold flat built in 2012 onwards. The property offers approximately 1,098 square feet of living space and is situated on the 2nd floor. In this location, apartments of similar size usually have four bedrooms.

The estimated current market value of the property is £316,879 , which equates to approximately £289 per square foot. It was last sold on 13 Mar 2014 for £250,000. Since then, the value has increased by £66,879, representing a 26.8% increase, or approximately 2.3% per year.

The current estimated value of £316,879 is:

  • 43.9% lower than the average property price on Southwark Park Road
  • 39.4% lower than the average in the SE16 2ET postcode area
  • and 63.8% lower than the average price for London as a whole

At the most recent EPC inspection on 8 December 2023, the property was recorded as rented.

View sold house prices in SE16 2ET

Building approximate location

About Property

Type
Flat
Built
2012 onwards
Interior Size
1098 sq ft
Tenure
Leasehold
Floor level
2nd floor
Price (estimate)
£316,879
Price Per sq ft (estimate)
£289
Bedroom Count (estimate)
4 bedrooms

EPC Summary

Flat 5, 388 Southwark Park Road, London, Southwark, Greater London, SE16 2ET has an Energy Performance Certificate (EPC) rating of B, based on the latest assessment carried out on 8 Dec 2023.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 21 Nov 2013. The rating of B is unchanged, though the energy efficiency score decreased by 4.7%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from average thermal transmittance 0.16 w/m?k to flat, insulated (assumed), with no change in energy efficiency (good).
  • The wall construction or insulation changed from average thermal transmittance 0.17 w/m?k to cavity wall, as built, insulated (assumed), with no change in energy efficiency (very good).
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Flat, insulated (assumed)
Good
Walls
Cavity wall, as built, insulated (assumed)
Very Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to SE16 2ET

22 nd / 24
Price Rank
39% lower than average
1 st / 16
Size Rank
32% bigger than average
14 th / 16
Price Per Sq FT Rank
54% lower than average

Compared to other properties in SE16 2ET , this flat's estimated value ranks 22th out of 24. Based on price per square foot, it ranks 14th out of 16 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 1st out of 16 properties in its postcode area.

Sale History

Today
£316,879
streetscan.co.uk estimate
+27 %
13 Mar 2014
£250,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 958 sq ft
sale price: £602,500
sale date: 31 Jul 2015
rooms: 3
size: 958 sq ft
sale price: £575,000
sale date: 14 Mar 2014
rooms: 5
size: 1076 sq ft
sale price: £490,000
sale date: 22 Oct 2021
rooms: 4
size: 1023 sq ft
sale price: £600,000
sale date: 4 Aug 2020
rooms: 5
size: 1033 sq ft
sale price: £477,500
sale date: 1 Jun 2018

Data Sources

The property at Flat 5, 388 Southwark Park Road, London, Southwark, Greater London, SE16 2ET appears once in the Land Registry records, with the transaction recorded on 13 Mar 2014. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 8 Dec 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.