West Lane, London, SE16
OP

West Lane, London, SE16

By Oppida

£ 400,000

Reviews

2 out of 5 stars

Oppida says ..

Offers between £400,000 and £425,000 This split-level three-bedroom property is ideally situated just moments from the River Thames and the Bermondsey Jubilee Line Station, offering unparalleled convenience and connectivity.Enjoy a spacious living area perfect for relaxation and entertaining.The pro

Property Oracle says ..

This three-bedroom maisonette located on West Lane in North Bermondsey, Southwark, is listed at £400,000. The property’s key strengths lie in its location. Its proximity to Bermondsey Jubilee Line Station ensures easy access to central London, and its situation near the River Thames offers attractive riverside views and recreational potential. The nearby presence of several well-regarded schools with ‘Good’ or ‘Outstanding’ Ofsted ratings is an additional draw.

However, the property requires significant renovation. The photos reveal visible wear and tear in several areas, including the bathroom and some walls. While the floors are laminate, the property’s overall condition is far from pristine and would require considerable investment before becoming move-in ready. A significant drawback is the complete lack of outdoor space, as confirmed by the listed 0.00 sqft plot size. The absence of a garden is a substantial limitation, especially given the pricing. Although comparable properties aren’t extensively detailed regarding square footage, the price point of £400,000 appears a bit high for a property in need of significant renovation work. Potential buyers should factor in substantial refurbishment costs and weigh the renovation expenses against the property’s location advantages.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
4
Location
7
Land
1
Bedrooms
3
Bathrooms
0
Sqft (est)
747.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
707,000.00 £
Decreased by 11.33 %
from 797,349.00 £
Est sale value
615,528.00 £
Decreased by 13.63 %
from 712,638.00 £
Average area rental value
2,949.00 £/mo
Increased by 44.21 %
from 2,045.00 £/mo
Est letting value
2,241.00 £/mo
Increased by 50.00 %
from 1,494.00 £/mo
Est rental Yield
5.01 %
Increased by 62.66 %
from 3.08 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Oppida marked this listing as sold.

  • Oppida created the listing.

Nearby Schools

NameTypeOfstedDistance
Compass School SouthwarkFree SchoolsGood0.42 KM
Riverside Primary SchoolCommunity SchoolOutstanding0.43 KM
Southwark Park Primary SchoolCommunity SchoolGood0.70 KM
Wapping Children'S CentreChildren's Centre0.74 KM
St Michael'S Catholic CollegeAcademy ConverterOutstanding0.77 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Bermondsey Wall East £ 000.00 KM
Pottery Street £ 000.00 KM
Webster Road £ 000.00 KM
Wapping High Street £ 185,00000.00 KM
Tench Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Wapping1085WPE0.76 KM
Rotherhithe1039ROE0.99 KM
Canada Water1659ZCW1.26 KM
New Cross5150NWX1.26 KM
Shadwell1082SDE1.36 KM

Nearby Listings

AddressPriceTypeScoreDistance
West Lane, Rotherhithe, London, SE16 £ 525,000BUY5 / 100.03 KM
West Lane, London, SE16 £ 385,000BUY6 / 100.03 KM
West Lane, Bermondsey £ 425,000BUY5 / 100.03 KM
Bermondsey Wall East, Bermondsey, London, SE16 £ 1,700,000BUYUnknown0.07 KM
Cherry Garden Street, Bermondsey, SE16 £ 400,000BUYUnknown0.09 KM

Nearby Properties

AddressPriceDistance
43 West Lane £ 182,0000.00 KM
37 West Lane £ 199,9950.00 KM
59 West Lane £ 146,5000.00 KM
81 West Lane £ 620,0000.00 KM
39 West Lane £ 147,0000.00 KM