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SE16 3FL

Spa Road, London, SE16

£550,000
£79,000 below fair value
2 Beds
2 Baths
69 m² Floor area
Type Flat
Listed 11 Sep 2026
Price per m² £8,333 / m²

This is a beautiful, approximately 746sqft (plus 14sqft storage) two double bedroom two-bathroom 5th floor (lift access) apartment with a private balcony in this modern sought after development on Spa Road only a short walk from Bermondsey Jubilee Line station and opposite Enid Street which forms part of the Beer Mile, Spa Terminus, Maltby Street Market, the historic river front area of Shad Thames and within easy walking distance of Bermondsey Street and London Bridge.

The development further benefits from bike storage and superbly presented communal gardens.

The apartment is well arranged with a small central hallway with storage cupboards and access to all rooms, good size bedrooms of which the main has an en-suite shower room, built in wardrobes and access to the balcony and an open plan fully fitted kitchen and living area with floor to ceiling windows and glass doors on to the balcony. The property has recently had a new boiler installed and new carpets on the bedrooms.

This wonderful development is in an excellent location close to all amenities with the River Thames and Bermondsey Spa Gardens nearby, and Southwark Park is also within easy walking distance. The imitate area is benefitting from the significant Biscuit Factory development about 5 minutes’ walk away where a fantastic new mix use development is well under way.

This property is being sold with approximately 112-year lease remaining, ground rent is £250pa and service charges are approximately £2,880pa.

How the asking price has moved

Sep 2026
£575,000
Listed at original asking price
Oct 2026
£550,000
Current asking price

Prices, costs and transport nearby

What homes within 400 m sold for since Nov 2023, by type. Source: HM Land Registry.

Type Median Middle 80%
Flat This home
Median
186 sales
Terraced
Median
11 sales
Semi-Detached
Median
3 sales
Detached
No sales nearby

Most recent sales

Address Sold price Date Type
Flat 114, BOLANACHI BUILDING, ENID STREET, SE16 3EX £170,000 Jul 2026 Flat
Flat 31, HICKS HOUSE, FREAN STREET, SE16 4AH £550,000 Jun 2026 Flat
Flat 105, BOLANACHI BUILDING, ENID STREET, SE16 3EX £192,500 May 2026 Flat
Flat 10, PULLMAN BUILDING, 88 SPA ROAD, SE16 3QT £465,000 Apr 2026 Flat
Flat 31, BOLANACHI BUILDING, SPA ROAD, SE16 3SG £147,500 Mar 2026 Flat
Flat D205, 5, 5 DOCKLEY ROAD, SE16 3AF £440,000 Mar 2026 Flat
Flat 31, EYOT HOUSE, MARINE STREET, SE16 4BN £385,000 Mar 2026 Flat
Flat 95, PROSPECT HOUSE, SUN PASSAGE, SE16 4AF £528,000 Feb 2026 Flat
Flat 18, AULAY HOUSE, 122 SPA ROAD, SE16 3FE £525,000 Feb 2026 Flat
Flat 2, POLLARD HOUSE, 122A SPA ROAD, SE16 3FF £640,000 Jan 2026 Flat
Flat 17, HICKS HOUSE, FREAN STREET, SE16 4AH £550,000 Jan 2026 Flat
Flat 85, BOLANACHI BUILDING, ENID STREET, SE16 3EX £134,750 Jan 2026 Flat
Flat 94, EYOT HOUSE, SUN PASSAGE, SE16 4BP £410,000 Jan 2026 Flat
Flat 78, BOLANACHI BUILDING, SPA ROAD, SE16 3SG £480,000 Dec 2025 Flat
Flat 12, PULLMAN BUILDING, 88 SPA ROAD, SE16 3QT £510,000 Dec 2025 Flat
Source: HM Land Registry · within 200 m · most recent first

Spa Road, London, SE16

Asking price
£550,000
£79,000 below fair value
Our fair price estimate £629,000
Price per m² £8,333 / m²
Fair price = nearby sold prices per m² × UK HPI × 69 m² floor area (EPC-declared). Source: Land Registry, EPC & UK HPI.
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About this valuation

Fair price calculated from HM Land Registry sold prices in the same postcode area, adjusted by the UK House Price Index, and multiplied by the EPC-declared floor area of 69 m². Updated daily.

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