# 3 bedroom apartment for sale (SE16 4NZ) ## Property Details | Key | Value | |-----|-------| | Address | 21 WEST LANE, LONDON, GREATER LONDON SE16 4NZ | | Price | £395,000 | | Bedrooms | 3 | | Bathrooms | 1 | | Construction age | England and Wales: 1930-1949 | | Floor area | 64 m² | | Last sold | £395,000 Mar 2022 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** C - **Expiry date:** 11/11/2029 - **Current heating cost:** £424/year ### Recommendations - Q (14,000) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/9157-2892-6494-9391-6931) ## Description Bermondsey Tube Station is 4 Minutes walk away from this 3 double bedroom apartmnet in the heart of Bermondsey, SE16. Situated on the 1st floor of this apartment block is this 3 double bedroom apartment spanning over 700ft2. It is well proportioned and is ready to move into with a full kitchen and bathroom suite. This is an ideal first time buy or an excellent investment with a 5.8% yield available. Conveniently located just off Jamaica Road so close to transport and all the facilities and shops that the vibrant Jamaica Road offers. ## Property Photos - ![Picture No. 20](/listings/photos/115319723/720383) - Picture No. 20 - ![Picture No. 19](/listings/photos/115319723/720392) - Picture No. 19 - ![Picture No. 18](/listings/photos/115319723/720403) - Picture No. 18 - ![Picture No. 21](/listings/photos/115319723/720406) - Picture No. 21 - ![Picture No. 22](/listings/photos/115319723/720412) - Picture No. 22 - ![Picture No. 23](/listings/photos/115319723/720419) - Picture No. 23 - ![Picture No. 17](/listings/photos/115319723/720422) - Picture No. 17 - ![Picture No. 24](/listings/photos/115319723/720424) - Picture No. 24 - ![Picture No. 25](/listings/photos/115319723/720426) - Picture No. 25 - ![Picture No. 26](/listings/photos/115319723/720429) - Picture No. 26 - ![Picture No. 27](/listings/photos/115319723/720431) - Picture No. 27 - ![Picture No. 16](/listings/photos/115319723/720432) - Picture No. 16 ## Floorplans - ![Floorplan](/listings/photos/115319723/720435) - Floorplan ## FENSA Certificates This property has 1 FENSA certificate(s) on record. ### FENSA Certificate #16663995 - **Address:** 21 West Lane, LONDON, SE16 4NZ - **Certificate Issued:** 09/02/2025 - **Work Completed:** 21/01/2025 - **Items:** 1 window(s) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 21 WEST LANE, LONDON, SOUTHWARK, GREATER LONDON, SE16 4NZ | £395,000 | 22/03/2022 | Flat | | 21 WEST LANE, LONDON, SOUTHWARK, GREATER LONDON, SE16 4NZ | £145,000 | 16/10/2000 | Flat | | 21 WEST LANE, LONDON, SOUTHWARK, GREATER LONDON, SE16 4NZ | £83,000 | 18/06/1999 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 71 WEST LANE, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PA | £380,000 | 21/03/2025 | Flat | | BURTON HOUSE FLAT 6 CHERRY GARDEN STREET, BERMONDSEY, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PG | £295,000 | 20/12/2023 | Flat | | BOATMAN HOUSE APARTMENT 5 PROSPECT STREET, LONDON, SOUTHWARK, GREATER LONDON, SE16 4EY | £600,000 | 25/07/2023 | Flat | | 82 CHERRY GARDEN STREET, BERMONDSEY, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PB | £371,000 | 21/07/2023 | Flat | | 47 MILLPOND ESTATE, LONDON, SOUTHWARK, GREATER LONDON, SE16 4LZ | £417,500 | 10/02/2023 | Flat | | [Same street] 27 WEST LANE, LONDON, SOUTHWARK, GREATER LONDON, SE16 4NZ | £415,000 | 03/02/2023 | Flat | | BOATMAN HOUSE APARTMENT 2 PROSPECT STREET, LONDON, SOUTHWARK, GREATER LONDON, SE16 4EY | £555,000 | 07/10/2022 | Flat | | 80 KIRBY ESTATE, LONDON, SOUTHWARK, GREATER LONDON, SE16 2EF | £300,000 | 26/09/2022 | Flat | | PYNFOLDS 60 JAMAICA ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE16 4NU | £325,000 | 28/07/2022 | Flat | | 122 CHERRY GARDEN STREET, BERMONDSEY, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PB | £417,000 | 22/07/2022 | Flat | | CHERRY GARDEN HOUSE FLAT 8 CHERRY GARDEN STREET, BERMONDSEY, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PE | £318,000 | 14/07/2022 | Flat | | PYNFOLDS 7 JAMAICA ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE16 4NX | £350,000 | 27/05/2022 | Flat | | 63 KIRBY ESTATE, LONDON, SOUTHWARK, GREATER LONDON, SE16 2EG | £210,000 | 06/04/2022 | Flat | | 114 CHERRY GARDEN STREET, BERMONDSEY, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PB | £400,000 | 01/04/2022 | Flat | | PYNFOLDS 20 JAMAICA ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE16 4NX | £300,000 | 15/03/2022 | Flat | | 182A JAMAICA ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE16 4RT | £295,000 | 10/03/2022 | Flat | | 35 FLAT 8 WEST LANE, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PA | £425,000 | 22/12/2021 | Flat | | PYNFOLDS 52 JAMAICA ROAD, LONDON, SOUTHWARK, GREATER LONDON, SE16 4NU | £415,000 | 30/09/2021 | Flat | | 124 CHERRY GARDEN STREET, BERMONDSEY, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PB | £390,000 | 28/09/2021 | Flat | | 60 MILLPOND ESTATE, LONDON, SOUTHWARK, GREATER LONDON, SE16 4LY | £412,500 | 27/09/2021 | Flat | | 140 CHERRY GARDEN STREET, BERMONDSEY, LONDON, SOUTHWARK, GREATER LONDON, SE16 4PB | £452,500 | 29/06/2021 | Flat | **Street average:** £415,000 (1 sale) **Area average:** £381,425 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £462,192 (88 Flat, SE16, 2024–2026) - **Deviation:** -14.5% ## Rental Range *ONS Price Index of Private Rents (Southwark). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £2,155/mo - **Realistic:** £2,394/mo - **Optimistic:** £2,633/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Cambridge (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,122/mo ## 1% Rule - **Rent ratio:** 0.61% (weak for cashflow) - **Max investor price (0.8%):** £299,250 - **Target investor price (1%):** £239,400 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.* ## Price per Square Metre - **£/m²:** £6,172/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -5% - **10y growth:** 1.5% ## House Price Index (HM Land Registry) *Official index for Southwark; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -4.7% - **5y growth (index):** -5% - **10y growth (index):** -8.3% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)