47, PIER WAY, LONDON, SE28 0GQ - £410,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

47 PIER WAY is a very small detached house of 83m², built sometime between 2003 and 2006. It was last sold for £410,000 in December 2019, which was around 51% below the average December 2019 detached price in the Greenwich local authority area. The most recent EPC inspection was August 2014, where the current energy rating was C, and the potential energy rating was B.

47 PIER WAY Sold Prices

Land registry data shows three sales for 47 PIER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Greenwich local authority area for the corresponding sale date. All of the three 47 PIER 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 23 DEC	£410,000	£830,540	51% below HPI
2004 25 NOV	£210,000	£376,066	44% below HPI
2002 28 MAR	£179,995	£290,923	38% below HPI

47 PIER WAY 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 three 47 PIER WAY sales between March 2002 and December 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 November 2004 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the December 2019 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

How Large is 47 PIER WAY?

47 PIER WAY is 83m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 10% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 47 PIER WAY lies on this distribution: 9% of detached houses are smaller than 47 PIER WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in London.

47 PIER WAY: Plot and Title Map

47 PIER WAY sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 47 PIER 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 47 PIER 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 47 PIER WAY?

47 PIER WAY is located in LONDON, in the SE28 postcode district. The below map shows the position of No. 47 on PIER WAY.