What is the most recent flat sale price near SE16 3QA in Bermondsey?

The most recent sale recorded by HM Land Registry near SE16 3QA completed on the thirty first of October 2023 at three hundred and eighty thousand pounds.

Why are only five sales used in the median if eight sales appear in the data?

Two of the eight sales are classified as category B, or non-market, transactions by HM Land Registry. These are typically bulk or corporate transfers rather than open-market purchases, so they are excluded to keep the median relevant to ordinary buyers.

Why should I trust the most recent sale more than the median price?

The median averages across sales that may span many years. Property values change over time, so an older sale can drag the median away from what the market looks like today. The most recent transaction is the freshest evidence of what a real buyer paid a real seller in current conditions.

Is a sample of five sales enough to value a flat confidently?

It is a useful guide but not a definitive answer. Five sales across roughly eleven years is a limited dataset. Use the figures as a sanity check alongside a professional valuation, a RICS survey, and the specific history of the flat you are buying.

What Flats Near SE16 3QA Bermondsey Actually Sold For

HM Land Registry data shows the most recent flat sale near SE16 3QA hit three hundred and eighty thousand pounds in October 2023. Here is what that really tells you.

Flatscope 15 July 2026 4 min read

The headline number and why it matters

The most recent flat sale recorded by HM Land Registry near SE16 3QA went through on the thirty first of October 2023 at three hundred and eighty thousand pounds. That is your anchor. It is the freshest evidence of what a buyer and a seller actually agreed on, with real money, in the real market.

A lot of people fixate on median figures, and yes, the median across the five market sales in this postcode also lands at three hundred and eighty thousand pounds. Handy that they match. But if they did not, you should trust the most recent transaction more. A median smooths out time, and property markets move. A sale from five years ago tells you what the market thought five years ago.

How the data is put together

HM Land Registry records every registered sale in England and Wales. For this postcode, eight sales appear in the dataset going back to September 2012. Two of those have been excluded from the median calculation because they are category B, or non-market, transactions. Think bulk portfolio deals, transfers between companies, that sort of thing. They do not reflect what you as an individual buyer would pay, so stripping them out is the right call.

That leaves five open-market sales to work with. It is a small sample. Be honest with yourself about that. Five sales across roughly eleven years is not a thick dataset, and you should treat the numbers as a strong clue rather than a verdict.

Walking through every sale

Here is the full picture, oldest to newest.

1September 2012, two hundred and eighteen thousand pounds.
2September 2013, two hundred and fifty thousand pounds.
3November 2015, three hundred thousand pounds.
4January 2018, four hundred and seventy thousand pounds.
5January 2020, three hundred and eighty thousand pounds.
6July 2022, three hundred and seventy five thousand pounds.
7July 2023, two hundred and ninety nine thousand pounds.
8October 2023, three hundred and eighty thousand pounds.

The trajectory from 2012 to 2018 is a sharp climb, then prices plateau and wobble. The July 2023 sale at two hundred and ninety nine thousand pounds is the outlier that catches the eye. Without knowing the flat's condition, floor, lease length or any negotiation story, you cannot read too much into it. But it is worth knowing it happened.

What the recent cluster tells a buyer

Look at the last four sales, from January 2020 onwards. Three of them sit between three hundred and seventy five thousand and three hundred and eighty thousand pounds. That is a pretty tight band. It suggests the market around here has found a level, at least for the type of flat these sales represent.

The October 2023 sale at three hundred and eighty thousand pounds is the one to lean on. It is the most recent, it sits right in that cluster, and it gives you a credible starting point for valuing a similar flat today. If a seller is quoting you significantly above that, ask them what justifies the premium. If they are below it, ask why.

The limits of postcode-level data

SE16 3QA is a single postcode, not a whole neighbourhood. The flats captured here could be in the same building, or spread across a handful of streets. Floor level, lease length, service charge, condition and whether the building has a cladding issue can all move the price by tens of thousands of pounds in either direction.

This data tells you what has sold. It does not tell you what you are looking at is worth. Use it as a reality check against asking prices and agent valuations, not as a substitute for a proper survey and a conversation with someone who knows the block.

How to use this when making an offer

Go in knowing that three hundred and eighty thousand pounds is the most recent comparable. If the flat you want is broadly similar in size, condition and lease length to what sold in October 2023, that figure is your reference point.

Do not let anyone tell you the market has moved dramatically since then without evidence. Eleven months is not a long time. Ask your solicitor to pull the title register for the specific flat you want so you can see its own sale history. And get a RICS survey. The Land Registry data is free and honest, but it only goes so far.

Recent open-market sales near SE16 3QA, HM Land Registry. Bulk sales excluded. The most recent sale is the better anchor for today's value.

Common questions

What is the most recent flat sale price near SE16 3QA in Bermondsey?: The most recent sale recorded by HM Land Registry near SE16 3QA completed on the thirty first of October 2023 at three hundred and eighty thousand pounds.
Why are only five sales used in the median if eight sales appear in the data?: Two of the eight sales are classified as category B, or non-market, transactions by HM Land Registry. These are typically bulk or corporate transfers rather than open-market purchases, so they are excluded to keep the median relevant to ordinary buyers.
Why should I trust the most recent sale more than the median price?: The median averages across sales that may span many years. Property values change over time, so an older sale can drag the median away from what the market looks like today. The most recent transaction is the freshest evidence of what a real buyer paid a real seller in current conditions.
Is a sample of five sales enough to value a flat confidently?: It is a useful guide but not a definitive answer. Five sales across roughly eleven years is a limited dataset. Use the figures as a sanity check alongside a professional valuation, a RICS survey, and the specific history of the flat you are buying.

Sources

HM Land Registry Price Paid Data

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Flatscope is informational software, not regulated financial or legal advice. Figures are read from public records at the time of writing and can change. Confirm anything decision-critical with your solicitor or surveyor.