124, RED LION LANE, LONDON, SE18 4LE - £750,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

124 RED LION LANE is a midsized extended detached house of 159m², built sometime between 1967 and 1975. It was last sold for £750,000 in March 2021, which was around 13% below the average March 2021 detached price in the Greenwich local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

124 RED LION LANE Sold Prices

Land registry data shows four sales for 124 RED LION LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Greenwich local authority area for the corresponding sale date. All of the four 124 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
2021 5 MAR	£750,000	£865,428	13% below HPI
2012 12 OCT	£450,000	£484,612	7% below HPI
2006 28 JUL	£350,000	£399,864	12% below HPI
1999 5 JUL	£178,000	£188,905	6% below HPI

124 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 four 124 RED LION LANE sales between July 1999 and March 2021 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 October 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 124 RED LION LANE?

124 RED LION LANE is 159m², which includes two extensions, according to the EPC inspection conducted in February 2012. This puts it in the largest 50% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 124 RED LION LANE lies on this distribution: 59% of detached houses are smaller than 124 RED LION LANE, and 41% of houses are larger. Note that EPC data is not available for all properties in London.

124 RED LION LANE: Plot and Title Map

124 RED LION LANE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 124 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 124 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 124 RED LION LANE?

124 RED LION LANE is located in LONDON, in the SE18 postcode district. The below map shows the position of No. 124 on RED LION LANE.