294, COMMERCIAL WAY, LONDON, SE15 1QN - £900,000

294 COMMERCIAL WAY is a small extended detached house of 124m², built sometime before 1900. It was last sold for £900,000 in January 2019, which was around 44% below the average January 2019 detached price in the Southwark local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

294 COMMERCIAL WAY Sold Prices

Land registry data shows two sales for 294 COMMERCIAL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southwark local authority area for the corresponding sale date. Both of the two 294 COMMERCIAL WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 25 JAN	£900,000	£1,606,836	44% below HPI
2015 31 MAR	£557,450	£1,413,533	61% below HPI

294 COMMERCIAL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southwark local authority area over time, sourced from the HPI. The two 294 COMMERCIAL WAY sales from March 2015 and January 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2015 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the January 2019 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 294 COMMERCIAL WAY?

294 COMMERCIAL WAY is 124m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 40% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 294 COMMERCIAL WAY lies on this distribution: 37% of detached houses are smaller than 294 COMMERCIAL WAY, and 62% of houses are larger. Note that EPC data is not available for all properties in London.

294 COMMERCIAL WAY: Plot and Title Map

294 COMMERCIAL WAY sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 294 COMMERCIAL WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 294 COMMERCIAL WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 294 COMMERCIAL WAY?

294 COMMERCIAL WAY is located in LONDON, in the SE15 postcode district. The below map shows the position of No. 294 on COMMERCIAL WAY.