294, COMMERCIAL WAY, LONDON, SE15 1QN - £900,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

294 COMMERCIAL WAY is a small extended detached house of 124m², built sometime before 1900, which could now be worth an estimated £938,074. It was last sold for £900,000 in January 2019, which was around 44% below the average January 2019 detached price in the Southwark local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

294 COMMERCIAL WAY Sold Prices

Land registry data shows two sales for 294 COMMERCIAL WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Southwark local authority area for the corresponding sale date. Both of the two 294 COMMERCIAL WAY 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
2019 25 JAN	£900,000	£1,605,280	44% below HPI
2015 31 MAR	£557,450	£1,412,160	61% below HPI

294 COMMERCIAL WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Southwark local authority area over time, sourced from the HPI. The two 294 COMMERCIAL WAY sales from March 2015 and January 2019 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 March 2015 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the January 2019 sale, where it rises to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 294 COMMERCIAL WAY be worth now?

294 COMMERCIAL WAY might now be worth an estimated £938,074.

This is based on house price inflation of 4.2%, between January 2019 and February 2025, for detached houses, in the Southwark local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.2% inflationary increase is applied to the most recent sale price for 294 COMMERCIAL WAY of £900,000 on 25th January 2019. For the value to have increased from £900,000 to £938,074 over the five years and eleven months to February 2025, the following assumptions must hold true:

• The value of 294 COMMERCIAL WAY has moved in line with the HPI for detached houses in the Southwark local authority area.
• The January 2019 sale price of £900,000 represented a fair market value for the property.
• The size, condition, and specification of 294 COMMERCIAL WAY has not materially changed since January 2019.

How Large is 294 COMMERCIAL WAY?

294 COMMERCIAL WAY is 124m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 40% 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 294 COMMERCIAL WAY lies on this distribution: 37% of detached houses houses are smaller than 294 COMMERCIAL WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in London.

294 COMMERCIAL WAY: Plot and Title Map

294 COMMERCIAL WAY sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 294 COMMERCIAL WAY, 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 294 COMMERCIAL WAY). 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 294 COMMERCIAL WAY?

294 COMMERCIAL WAY is located in LONDON, in the SE15 postcode district. The below map shows the position of No. 294 on COMMERCIAL WAY.