Model valuation£417,0008 Busby Close
Local market context
Flat 2 is a mid-terrace house in Southwark, London, London (SE1 3TJ). It has a recorded floor area of 110 m² (around 1184 sq ft), construction records dating it to 1996-2002 and council tax band E. The latest certificate (September 2018) shows a C (score 76), near the top of the C band. The rating has held steady at C across 2 certificates since January 2009. Between certificates, lighting went from Very Poor to Very Good. At 110 m² this is the 17th smallest of 22 units on EPC record in the building, where floor areas span 31–123 m². The building's EPC ratings span D to B across 22 units on file.
One planning record on file: change of use to residential approved in 2018. Past consents include change of use to residential, meaningful when judging how the property has evolved. At 110 m² it's 26.4% larger than the typical home in the postcode (87 m² median across 23 EPCs). Across 2001–2021, sale prices on this property compounded at 5.7% per year. Today's modelled estimate of £890,000 is 17.1% above the 2021 sale price. On a £-per-square-foot basis, the last sale (£642/sq ft) was about 75.2% above the typical sold price in the postcode. Sold November 2021 for £760,000. That sale was during the post-pandemic price surge, when transactions cleared materially above pre-2020 trend.
Certificate validity
Valid until 27 September 2028
Changes detected from historical EPC data
Heating controls changed
More low energy lighting installed
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1 application on record at Flat 2, 3 Market Yard Mews, Southwark, London, SE1 3TJ
Change of use from live/work unit (Use Class Sui Generis) to a self-contained two-bed residential unit (Use Class C3) including associated internal alterations.
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Sale price has grown by over 3x since 2001.
£890,000
Modelled from EPC, postcode comparables and a sale-price growth of 5.7% per year over 20 years.
£760,000
Growth on file: 5.7% per year over 20 years.
23 November 2021Most recent
£760,000
+128.6%over 18 years29 April 2003
£332,500
+35.7%over 1 year9 August 2001
£245,000
Median price across the last 5 sales in SE1 3TJ: £840,000 (2024–2022).
Flat 16, 3 Market Yard Mews, Southwark, London, SE1 3TJ
Sold Dec 2024
Flat 17, 3 Market Yard Mews, Southwark, London, SE1 3TJ
Sold Dec 2024
Flat 18, 3 Market Yard Mews, Southwark, London, SE1 3TJ
Sold Jun 2024
Flat 29, 3 Market Yard Mews, Southwark, London, SE1 3TJ
Sold Jul 2023
Flat 3, 3 Market Yard Mews, Southwark, London, SE1 3TJ
Sold Oct 2022
On habitable rooms, Flat 2 runs well behind the street norm.
Price per m²
£6,909
Street avg £7,414
Floor Area
110 m²
Street avg 88 m²
Habitable Rooms
2 rooms
Street avg 3 rooms
CO₂ Emissions
2.5 t/year
Street avg 2.3 t/year
Property research, connected
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Crime
1516/mo
Steady year-on-year across the wider district.
Nearest stop
0.1 km
Bermondsey Street — bus stop.
Closest school
0.3 km
Grange Primary School. 103 schools nearby.
Go deeper on the local area
A Local Area report breaks down crime, transport links, schools and air quality in depth.

Daytime· 07:00 – 23:00
59.2dB

Night-time· 23:00 – 07:00
50.3dB