Varcoe Road, Bermondsey, SE16
AL

Varcoe Road, Bermondsey, SE16

By Alex & Matteo

£ 300,000

Reviews

4 out of 5 stars

Alex & Matteo says ..

A unique apartment, ideal for some who is looking to get on the property ladder and to be involved with a like-minded community. The property has a bright open plan living area that features a Juliet balcony and a fully equipped kitchen with natural lighting. It also has a spacious double bed...

Property Oracle says ..

The property is located in Bermondsey, South East London, a vibrant and increasingly popular area. The proximity to excellent schools like Ilderton Primary School (Outstanding Ofsted rating) and Galleywall Primary School (also Outstanding) is a significant advantage for families. Public transport links are also readily available, with South Bermondsey train station just 0.32km away, providing easy access to central London. This contributes to a high location score.

Based on the provided images, the property appears to be in excellent condition. It is modern, clean, and well-maintained, showing no signs of wear or needing any renovation. The fixtures and fittings look new, and the overall presentation is very high quality. The modern design and high-quality finish contribute to a high condition score.

While the exact size isnt specified, the property includes a small balcony/roof terrace, offering some outdoor space. Although not a large garden, it still provides some valuable outdoor space, especially in a densely populated urban area like Bermondsey. This contributes to a moderate land score.

Considering the list price of £300,000, the average price in the area of £294,997, and the average price per square foot of £262, the property seems reasonably priced. While the provided square footage (347 sqft) is significantly smaller than the area average (1124 sqft), the modern condition, excellent location, and included outdoor space justify the price. The relatively low price compared to nearby properties also suggests it represents good value. This contributes to a high price score.

The property benefits from being modern and well-presented. The images show a well-designed interior with a modern kitchen and bathroom.

Therefore, we give this property 8 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
8
Condition
10
Location
9
Land
5
Bedrooms
1
Bathrooms
1
Sqft (est)
347.00
Lot (est)
427.00

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
448,750.00 £
Increased by 43.15 %
from 313,484.00 £
Est sale value
121,450.00 £
Increased by 2.64 %
from 118,327.00 £
Average area rental value
1,650.00 £/mo
Increased by 60.98 %
from 1,025.00 £/mo
Est letting value
347.00 £/mo
Unchanged by 0.00 %
from 347.00 £/mo
Est rental Yield
4.41 %
Increased by 12.50 %
from 3.92 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Alex & Matteo created the listing.

Nearby Schools

NameTypeOfstedDistance
Ilderton Primary SchoolCommunity SchoolOutstanding0.15 KM
Pilgrims' Way Primary SchoolCommunity SchoolGood0.55 KM
Pilgrims Way Primary School & Children'S CentreChildren's Centre0.57 KM
Galleywall Primary SchoolFree SchoolsOutstanding0.65 KM
Treasure House (London) CicOther Independent Special SchoolGood0.83 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Stockholm Road £ 000.00 KM
Rollins Street £ 569,00000.00 KM
Patterdale Road £ 000.00 KM
Edenbridge Close £ 000.00 KM
Barry House £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
South Bermondsey5425SBM0.32 KM
Surrey Quays1083SQE1.25 KM
Queens Road Peckham5424QRP1.33 KM
Canada Water1659ZCW1.55 KM
New Cross5150NWX1.55 KM

Nearby Listings

AddressPriceTypeScoreDistance
Varcoe Road, Bermondsey, SE16 £ 300,000BUY8 / 100.00 KM
Varcoe Road, Bermondsey, SE16 £ 280,000BUY5 / 100.03 KM
Varcoe Road, London, SE16 £ 350,000BUY5 / 100.05 KM
Varcoe Road, Bermondsey £ 450,000BUY6 / 100.12 KM
Varcoe Road, Bermondsey, SE16 £ 300,000BUY8 / 100.15 KM

Nearby Properties

AddressPriceDistance
7 Gerards Close £ 455,0000.07 KM
15 Gerards Close £ 110,0000.07 KM
20 Gerards Close £ 280,0000.07 KM
24 Gerards Close £ 125,5000.07 KM
2 Gerards Close £ 280,0000.07 KM