116A, RED LION LANE, LONDON, SE18 4LE - £565,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

116A RED LION LANE is a very small detached house of 92m², built sometime between 1900 and 1929. It was last sold for £565,000 in May 2016, which was around 30% below the average May 2016 detached price in the Greenwich local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was B.

116A RED LION LANE Sold Prices

Land registry data shows two sales for 116A RED LION LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Greenwich local authority area for the corresponding sale date. Both of the two 116A RED LION LANE 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
2016 20 MAY	£565,000	£802,867	30% below HPI
2014 19 SEP	£355,000	£665,073	47% below HPI

116A RED LION LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Greenwich local authority area over time, sourced from the HPI. The two 116A RED LION LANE sales from September 2014 and May 2016 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 September 2014 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the May 2016 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 116A RED LION LANE be worth now?

116A RED LION LANE might now be worth an estimated £710,435.

This is based on house price inflation of 25.7%, between May 2016 and December 2024, for detached houses, in the Greenwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.7% inflationary increase is applied to the most recent sale price for 116A RED LION LANE of £565,000 on 20th May 2016. For the value to have increased from £565,000 to £710,435 over the seven years and five months to December 2024, the following assumptions must hold true:

• The value of 116A RED LION LANE has moved in line with the HPI for detached houses in the Greenwich local authority area.
• The May 2016 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of 116A RED LION LANE has not materially changed since May 2016.

How Large is 116A RED LION LANE?

116A RED LION LANE is 92m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 20% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 116A RED LION LANE lies on this distribution: 14% of detached houses houses are smaller than 116A RED LION LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in London.

116A RED LION LANE: Plot and Title Map

116A RED LION LANE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 116A RED LION LANE, 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 116A RED LION LANE). 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 116A RED LION LANE?

116A RED LION LANE is located in LONDON, in the SE18 postcode district. The below map shows the position of No. 116A on RED LION LANE.