1/23
£1,100,000
Flat · 3 beds · 2 baths · approximately1,276 sq ft
Spa Road, London, SE16
Leasehold
1/22
1/22
2 bed flat for sale Spa Road, London, SE16
Asking Price
£550,000
Reduced on 06/10/2026
Reduced on 06/10/2026
- Type
- Flat
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- £724 per sq ft
- Tenure
- Leasehold
- 112 years left(from the agent's description)
Service charge £2,880 a year(from the agent's description)Ground rent £250 a year(from the agent's description) EPC Energy rating band B 83
* From the agent's description. Check it with them before you rely on it.
Highlights
From the agent's description
- Balcony
- Communal gardens
- Lift
- Open-plan kitchen
- En-suite
- 112 years left on the lease
About this property
This is a beautiful, approximately 746sqft (plus 14sqft storage) two double bedroom two-bathroom 5th floor (lift access) apartment with a private balcony in this modern sought after development on Spa Road only a short walk from Bermondsey Jubilee Line station and opposite Enid Street which forms part of the Beer Mile, Spa Terminus, Maltby Street Market, the historic river front area of Shad Thames and within easy walking distance of Bermondsey Street and London Bridge.
Floorplan
Energy performance
Energy rating band B 83
Current
Potential
92+
A
81-91
B
Current rating: 83 B
Potential rating: 83 B
69-80
C
55-68
D
39-54
E
21-38
F
1-20
G
This home is rated band B, scoring 83 out of 100. The average British home is band D.
Read from the certificate published with this listing, so it may not be the latest one. Check the government EPC register for the full certificate and its recommendations.
Council tax
Ask agent
Per year
- Band A£1,312
- Band B£1,530
- Band C£1,749
- Band D£1,967
- Band E£2,404
- Band F£2,842
- Band G£3,279
- Band H£3,935
The agent hasn't said which band this home is in; you can look it up on GOV.UK. In Southwark, 2026/27 bills run from £1,312 a year in band A to £3,935 in band H.
Figures from MHCLG (Open Government Licence v3): the average bill for each band across Southwark, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.
Price guide
100 comparables · within 0.5 milesCheaper than 65% of the 2-bed flats for sale nearby right now.
This home, £550,000 Median £625,000 · £399,995 – £900,000
Per square foot
£724 6% under
2-bed flats nearby £767
Against sold prices
5% over
SE16 sold median £688 / sq ft, 850 sales
Compared with 100 2-bed flats for sale within 0.5 miles, on the market now or already under offer. The range is the middle 80% of their asking prices. Sold prices are HM Land Registry sales in SE16 over the last 24 months, per square foot of EPC floor area. All sold £/sq ft in SE16 →
Location
Spa Road, London, SE16
Mortgage and stamp duty
Property price £550,000
£275k £825k
Deposit10% £55,000
£0 £550k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years
A £495,000 mortgage. Most lenders would want a household income of about £110,000 to support it.
A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.
Properties sold nearby
HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.
| Address | Type | Sold | Size | Size | £/sq ft | Price |
|---|---|---|---|---|---|---|
| Flat 23, 130, Spa Road Flat / maisonette | Flat / maisonette | Mar 2025 | 538 sq ft £889/sq ft | 538 sq ft | £889 | £478,500 |
| Flat 27, 130, Spa Road Flat / maisonette | Flat / maisonette | Nov 2024 | 980 sq ft £893/sq ft | 980 sq ft | £893 | £875,000 |
| Flat 34, 130, Spa Road Flat / maisonette | Flat / maisonette | Nov 2024 | 764 sq ft £811/sq ft | 764 sq ft | £811 | £620,000 |
| Flat 30, 130, Spa Road Flat / maisonette | Flat / maisonette | Mar 2024 | 538 sq ft £771/sq ft | 538 sq ft | £771 | £415,000 |
| Flat 29, 130, Spa Road Flat / maisonette | Flat / maisonette | Sept 2021 | 538 sq ft £888/sq ft | 538 sq ft | £888 | £478,000 |
| Flat 19, 130, Spa Road Flat / maisonette | Flat / maisonette | Jun 2021 | 743 sq ft £754/sq ft | 743 sq ft | £754 | £560,000 |
| Flat 34, 130, Spa Road Flat / maisonette | Flat / maisonette | Apr 2021 | 764 sq ft £752/sq ft | 764 sq ft | £752 | £575,000 |
| Flat 31, 130, Spa Road Flat / maisonette | Flat / maisonette | Mar 2021 | 743 sq ft £700/sq ft | 743 sq ft | £700 | £520,000 |
Area insights
The neighbourhood around this property.
