5A Lewisham Way, London is a first floor 3 bedroom flat spread over 753 square feet, making it one of the bigger properties here - it is ranked as the 9th most expensive property* in SE14 6PP, with a valuation of £288,000.
Since it last sold in April 2015 for £227,000, its value has increased by £61,000.
We expect this property to be in poor condition (or is significantly less desirable for some other reason) based on its price per square foot; it is currently valued at £382 per square foot.
At a sale price of £288k, we expect this property to be in a significantly worse condition than the neighbouring properties in the road.
As it has a lower cost per square foot than other properties in the road, we think it is more likely to be in a worse condition than the other properties here.
However, a lower CPSF can also be caused by a low quality extension (or conservatory), a smaller garden, a lack of parking or if the property was previously sold through a partial ownership scheme etc.
The Property Is In Good ConditionAt a valuation of £288k this property has a cost per square foot of £382 - this is substantially less than the average for the area (which is currently £686).
If we valued this property using the average cost per square foot (CPSF):
The most paid for a property in Lewisham Way, SE14 6PP was £3,900,000 in 2018.
| Date | Price | Change |
|---|---|---|
| Today's value* | £288,000 | 26.9% |
| 02 Apr 2015 | £227,000 | 22.7% |
| 01 Sep 2008 | £185,000 | 58.1% |
| 24 Dec 2004 | £117,000 | 368.0% |
| 08 Apr 1997 | £25,000 | 13.6% |
| 23 Mar 1995 | £22,000 | - |
5A Lewisham Way has increased in price by £61,000 since it last sold in 2015 - this equates to a 2.6% rise each year.
At its last energy performance certificate inspection, it got a similar rating to other properties in this postcode with a score of 57 out of 100.
On a cost per square foot basis, this property is valued at 44% less than the other houses in this road.
This property is currently valued at £382 per square foot - the average cost per square foot for this postcode is £0.
A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (find out more here).
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £331,000.
Built between 1900 and 1929, the property has sold 5 times over the last 29 years.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £272k and £304k.
The property didn't turn out to be a great investment for the previous owner - returning on average 3.2% per annum.
The previous owner had the property for 6 years, having purchased it in September 2008 for £185,000.
During this time, the price rose by £42,000 (22.7%), which equates to it increasing in value by 3.2% each year.
The property didn't turn out to be a great investment for the previous owner.
The sale on 02 April 2015 was recorded as a non-residential transaction. This can be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.
| Property | Valuation | ||
|---|---|---|---|
|
2B Lewisham Way, London
990 sq.ft. |
£2,000 (~0% since 2018) | ||
|
19, Ground Floor Shop
|
£18,000 | ||
|
37 - 39, Lewisham Way
|
£59,000 | ||
|
15 Lewisham Way, London
|
£75,000 | ||
|
3 Lewisham Way, London
|
£113,000 | ||
 |
5A Lewisham Way, London
3 bed | 753 sq. ft. |
£288,000 | |
|
13A Lewisham Way, London
861 sq.ft. |
£373,000 | ||
|
7 Lewisham Way, London
|
£441,000 | ||
|
13 Lewisham Way, London
|
£481,000 | ||
|
39 Lewisham Way, London
|
£3,978,000 |
Most likely sale price: £288k
Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.
The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.
In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.
If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.
A number of things can make a property more desirable and sell for more money per square foot than others in the area.
Some of the things that can cause a property to be worth more per square foot include:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* Excluding properties that we've been unable to calculate a valuation for.
** Excludes property transactions that occurred before 1995.
Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.
Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.
The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.
