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£20,000 below fair value

SE16 2DT

Westlake, Bermondsey, SE16

1 Beds
1 Baths
50 m² Floor area
Type Flat
Listed 08 Jul 2026
Asking price £250,000
Price per m² £5,000 / m²

A spacious and well-presented one-bedroom apartment with a private balcony, ideally located just moments from Southwark Park and within easy reach of Surrey Quays Overground, Canada Water and South Bermondsey stations.
The property features a naturally bright and generously sized reception room with direct access to the private balcony, offering ample space for both comfortable living and a dedicated home-working area. There is a well-maintained separate kitchen, a double bedroom with excellent storage, including a walk-in wardrobe, a modern bathroom, and additional built-in storage in the hallway.
A major benefit of this property is its extended lease with over 180 years remaining and no ground rent payable. Residents also benefit from access to a secure bicycle shed nearby.
Perfectly positioned within walking distance of a wealth of local amenities, including the Blue Market, lively Bermondsey Beer Mile, Bermondsey Street, Surrey Quays Shopping Centre, independent cafés and wine bars, restaurants, supermarkets and gyms.

Years on Lease -188 years left
Annual Service Charge - £3,922.19 (Heating and Hot water included)
Annual Ground Rent - Peppercorn
Council Tax Band - B

Council tax, property size and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

How the asking price has moved

Jul 2026
£250,000
Listed at original asking price

What similar homes actually sold for

Nearby Land Registry transactions — the data behind our fair price estimate.

Source: HM Land Registry · SE16 2DT · Sorted by date

Westlake, Bermondsey, SE16

Our fair price estimate
£270,000
Nearby sold prices per m² × UK HPI × 50 m² floor area (EPC-declared)
Asking price £250,000
Fair price £270,000
Difference ↓ £20,000 under
Price per m² £5,000 / m²
Contact landlord
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 50 m². Updated daily.