Property profile

4 Cube House5, Spa Road

SE16 3GD

London Bridge & West Bermondsey

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Map showing 4 Cube House, 5, Spa Road, London

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Estimated sale price

£520,000

Flats sold in London Bridge & West Bermondsey

The box shows the middle 50% of flats sale prices, the whiskers show the 5th to 95th percentile, and the marker shows this property's estimated price.

Half of similar homes sold within the box; most sold within the wider line.

An indicative model estimate, not a survey or formal valuation.

This property vs market

Last sold07 Feb 2022
£525,000Change since last sale: −£7,000 (−1.3%)
Annualised change
−0.3% per yearSouthwark annualised change (flats) since 2022: +0.3% per yearThis property underperformed the market
Price per sq ftLocal median £820 per sq ft
£730 per sq ftEstimate vs local median: −£90 per sq ft (−11%)
Local sold pricesMedian for flats in London Bridge & West Bermondsey
£540,000Estimate vs local median: −£22,000 (−4.0%)
How this estimate is calculated

Area360's automated valuation uses available property details, recorded sales and local market data to estimate a sale price. This automated estimate is a guide, not a survey, mortgage valuation or formal valuation. See the valuation methodology and limitations.

Estimate calculated .

Property facts

Property typeFlat / End-Terrace
TenureLeasehold
Construction period1996-2002
Floor area66 m² / 710 sq ft
Rooms3 habitable / 3 heated
Floor level2
EPC ratingB
EPC inspection20 Sept 2019

Sales history

DatePriceChange
07 Feb 2022£525,000+33%
22 Jul 2013£395,000+98%
17 Oct 2003£200,000-

Local market

Property prices in London Bridge & West Bermondsey

Median price£550,000
Price per sq ft£820
Sales (last 12 months)113
Typical range (middle 50%)£412K – £760K

Based on 113 recent sales, the median property price is £550,000 (about £820 per square foot) in London Bridge & West Bermondsey area, with individual transactions ranging from £94,650 up to £2,855,500.

Prices by property typelast 12 months

Median sale price, median price per square foot, sales count, and percentile information for each property type in London Bridge & West Bermondsey over the last year.
TypeSalesMedian£/sq ft
Terraced2£1,045,000£923
Detached1£755,000£1,002
Flats109£540,000£820
Semi-Detached1£500,000£540

10-year price trendmedian sale price in London Bridge & West Bermondsey

Sale price

Ten year median sale price trend for each property type in London Bridge & West Bermondsey.
YearFlatsTerraced
2016£890,000£935,000
2017£685,000£850,000
2018£600,000£859,998
2019£600,000£830,000
2020£617,500£630,000
2021£679,250£820,000
2022£674,150£955,000
2023£580,200£770,000
2024£533,000£1,169,000
2025£540,000£1,092,500
2026£552,500
Ten year median sale price trend for each property type in London Bridge & West Bermondsey.

Price per sq ft

Ten year median sale price per square foot trend for each property type in London Bridge & West Bermondsey.
YearFlatsTerraced
2016£1,087£955
2017£986£959
2018£909£884
2019£888£800
2020£899£591
2021£926£860
2022£937£964
2023£824£776
2024£818£895
2025£812£1,067
2026£834
Ten year median sale price per square foot trend for each property type in London Bridge & West Bermondsey.

Price distribution by property typelast 12 months

Price distribution by property type for London Bridge & West Bermondsey in the last year.

Recent sales

There were 50+ recent sold properties in the last 18 months near SE16 3GD.

Recent sold properties in the last 18 months near SE16 3GD
DateAddressTypeTenurePriceMap
24 Mar 202515, Cube House, 5, Spa Road, London, SE16 3GDFlatsLeasehold£440,000
07 Oct 2025Flat 33, Skyline Court, 9, Grange Yard, London, SE1 3ANFlatsLeasehold£345,000
23 Sept 2025Flat 8, Skyline Court, 9, Grange Yard, London, SE1 3ANFlatsLeasehold£420,000
22 Oct 2025Flat 8 Building 500, Alaska Buildings, 61, Grange Road, London, SE1 3BAFlatsLeasehold£885,000
28 Nov 202549, Corio House, 12, The Grange, London, SE1 3GUFlatsLeasehold£870,000

Other properties at this postcode

AddressTenureFloor areaLast sale
1 Cube House, 5 Spa Road, LondonLeasehold67 m²£212,000 (2003)
2 Cube House, 5, Spa Road, LondonLeasehold63 m²£227,500 (2003)
3 Cube House, 5, Spa Road, LondonLeasehold79 m²£550,000 (2018)
5 Cube House, 5, Spa Road, LondonLeasehold63 m²£600,000 (2023)
6 Cube House, 5 Spa Road, LondonLeasehold64 m²£249,999 (2003)
7 Cube House, 5, Spa Road, LondonLeasehold62 m²£208,000 (2003)
10 Cube House, 5, Spa Road, LondonLeasehold64 m²£279,800 (2003)
11 Cube House, 5, Spa Road, LondonLeasehold71 m²£500,000 (2021)
12 Cube House, 5 Spa Road, LondonLeasehold62 m²£425,000 (2011)
15 Cube House, 5, Spa Road, LondonLeasehold83 m²£440,000 (2025)

Area insights for SE16 3GD

Full area profile →

Overview

Postcode SE16 3GD is located in a major urban area, within the London Bridge & West Bermondsey ward of Southwark in the London region, and forms part of the Bermondsey East area. It has average deprivation and average crime levels, with around 60.5 crimes per 1,000 residents per year, about 53% below the London average of 130 per 1,000. The average income per household in Bermondsey East is £66,898 per year. The nearest station is Bermondsey, about 0.5 miles away. There are 10 primary and 7 secondary schools in the area. There are 4 parks nearby, the closest small park is Bermondsey Spa Gardens.

Crime rate
5/10
Crimes per 1k residents
60
Deprivation level
5/10
Income level
3/10
Social housing
12.2%
Connectivity
4/10
Flood Risk
No risk
Noise Level
High

Deprivation level

5/10

Bermondsey East has an average level of deprivation, ranked at position 19,826 out of 32,844 areas in the United Kingdom, placing it within the bottom 40% least deprived areas in England.

Crime level

5/10

Bermondsey East has an average crime rate, with approximately 60.5 reported incidents per 1,000 population each year.

Social housing

12.2%

Approximately 12.2% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 45.4% of dwellings are socially rented.

Income level

3/10

The average income per household in Bermondsey East is £66,898 per year.

Noise Level

High

High noise level (70.0-74.9 dB) from road, approximately 131 ft away from SE16 3GD.

Flood risk

No risk

Bermondsey East near SE16 3GD has no flood risk (less than 0.1% chance of a flood each year) from rivers and sea.

Transport

4/10

The nearest station is Bermondsey located about 0.5 miles away. There are 4 stations nearby.

Nearby public transport stations for SE16 3GD
DistanceZoneNameLinesDirections
0.5 mi

2

Bermondsey

Jubilee

Walking directions to Bermondsey
0.8 mi

1

London Bridge

Jubilee, Northern, Southeastern, Southern, Thameslink

Walking directions to London Bridge
0.9 mi

1

Borough

Northern

Walking directions to Borough

Parks

Nearby parks and green spaces for SE16 3GD
DistanceNameSizeDirections
0.1 miBermondsey Spa GardensSmallWalking directions to Bermondsey Spa Gardens
0.4 miTanner Street ParkSmallWalking directions to Tanner Street Park
0.5 miSt. John's ChurchyardSmallWalking directions to St. John's Churchyard

Area Profile

Population
277
Population density
17,871 per km²

Crime

Crime per 1,000 population

Anti-social behaviour
27.13(+1%)
Violence and sexual offences
15.83(-49%)
Theft from the person
11.31(+21%)
Other theft
6.78(-41%)
Burglary
6.22(+14%)
London average

Demographics

Ethnic groups

British
105
37.37%
Other White
65
23.13%
African
40
14.23%
White and Black Caribbean (mixed)
11
3.91%
Chinese
8
2.85%
Total population: 281

Economics

Education (age 16+)

Level 4+ (Degree)
195
80.58%
Level 3 (A level)
21
8.68%
No qualifications
8
3.31%
Level 1 (GCSEs 3-1)
8
3.31%
Level 2 (GCSEs 9-4)
6
2.48%
Total 16+ residents: 242

Housing

Housing tenure

Private landlord or letting agency
58
41.73%
Owns with a mortgage
44
31.65%
Owns outright
19
13.67%
Other social rented
16
11.51%
Social rents from council
1
0.72%
Total households: 139

Schools

In the SE16 3GD postcode area, located within Bermondsey East, there are 10 primary and 7 secondary schools in close proximity.

Nearby primary and secondary schools for SE16 3GD
DistancePhaseNameTypeRating
0.1 miNurseryKintore Way Nursery School and Children's CentreLocal authority nursery school

Outstanding

0.1 miPrimaryBoutcher Church of England Primary SchoolVoluntary aided school

Outstanding

0.3 miSecondaryHarris Academy BermondseyAcademy sponsor led

Outstanding

Local amenities

15 nearby supermarkets & convenience stores within mi of SE16 3GD

Nearby supermarkets & convenience stores for SE16 3GD
DistanceNameAddressDirections
0.1 miSainsbury's LocalArts Lane, Southwark, SE16 3GAWalking directions to Sainsbury's Local
0.1 miCo-op FoodCrimscott Street, Southwark, SE1 5YQWalking directions to Co-op Food
0.1 miPriceWiseGrange Road, Southwark, SE1 3ALWalking directions to PriceWise
0.2 miUp FrontAbbey Street, Southwark, SE1 3NPWalking directions to Up Front
0.2 miPricecutTower Bridge Road, Southwark, SE1 3NEWalking directions to Pricecut