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Investment Analytics Report Compiled 12 th November 2015 Abbey Wood, London SE2 Area Profile

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Page 1: Investment Analytics ReportInvestment Analytics Report - Abbey Wood, London. SE2 Compiled 12th November 2015 Powered by ResiAnalytics page 2 of 32. ContentsPage. Rental Assessment

Investment Analytics Report

Compiled 12th November 2015

Abbey Wood, London SE2

Area Profile

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Contents Page

Rental Assessment 6

1.0 Executive Summary 6

2.0 Map and Photos 7

3.0 Capital values 9

4.0 Rent levels 13

5.0 Local Demand Dynamics 14

5.1 Population Projections 15

5.2 Local Nationality Mix 17

5.3 Age Profile and Lifestage 19

5.4 Employment Profile 21

5.5 Education Profile 22

5.6 Earnings and Wealth 23

6.0 Market Structure 26

6.1 Tenure of Housing Stock 26

6.2 Type of Housing Stock 27

7.0 Schools 28

8.0 Local Transport 29

9.0 Crime 30

Disclaimer

This report is supplied subject to our Terms and Conditions, which are available on the ResiAnalytics website (resianalytics.com/terms), and to which you have acknowledged your agreement prior to purchasing this report.

This report is supplied for general interest and information purposes only. It is produced using publicly available informa-tion and/or information from third party sources which may be inaccurate, outdated or incomplete. We therefore make no representations or warranties of any kind, express or implied, about the completeness, accuracy or reliability of the information contained therein or its suitability for any purpose.

Our reports are not intended to be a substitute for either independent professional advice or your own research and due diligence. You must make your own enquiries of any property, location, area or any other subject matter that may be provided or referred to through our reports or the Website, take independent advice from suitably qualified professionals and undertake your own due diligence where necessary, and particularly before entering into any property transaction of any description.

The information in this report should not therefore be relied on for any decision, transaction or agreement. Any reliance you place on such information is strictly at your own risk and we shall not be liable for any losses suffered as a result of relying on our reports.

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List of figures Page

Figure 1. Distribution of price per square foot in the postcode district (last 12 months) 10

Figure 2. Average £/sqft over time (within the postcode district) 10

Figure 3. No. transactions by £/sqft band within the postcode district (last 12 months) 10

Figure 4. Distribution of capital values within the postcode district (last 12 months ) 11

Figure 5. Average capital values over time (within the postcode district) 11

Figure 6. Average capital values over time 11

Figure 7. Index of transaction levels (2008-Q1 = 100) 12

Figure 8. Transaction levels over time by house type 12

Figure 9. Transaction levels by value band (last 12 months) 12

Figure 10. Benchmark rent levels in the postcode district by bedroom count 13

Figure 11. London rent levels over time 14

Figure 12. Average UK rents as a proportion of average London rents 14

Figure 13. Indexed rent levels: London vs the rest of the country 14

Figure 14. Neighbourhood population projections - next 25 years 16

Figure 15. Index of population projections: neighbourhood vs London 16

Figure 16. Most common countries of origin (excluding UK) in the neighbourhood 17

Figure 17. Levels of foreign born residents: neighbourhood vs local authority & London 17

Figure 18. Most common primary language (excluding English) in the neighbourhood 18

Figure 19. Primary foreign language : neighbourhood vs local authority & London 18

Figure 20. Average age: neighbourhood vs local authority & London 19

Figure 21. Age profile: neighbourhood vs local authority & London 19

Figure 22. Residents within age categories: neighbourhood vs London 19

Figure 23. Dominant life stage of neighbourhoods within the postcode district 20

Figure 24. Dominant life stage of neighbourhoods: postcode district vs London 20

Figure 25. Relative difference in dominant life stage of neighbourhoods 20

Figure 26. Average job grade: neighbourhood vs local authority & London 21

Figure 27. Employment profile of residents: neighbourhood vs local authority & London 21

Figure 28. Employment profile: neighbourhood vs London 21

Figure 29. Education profile of local residents: neighbourhood vs local authority & London 22

Figure 30. Education profile: neighbourhood vs London 22

Figure 31. Average education level: neighbourhood vs local authority & London 22

Figure 32. Dominant wealth category of neighbourhoods 23

Figure 33. Dominant wealth category of neighbourhoods: postcode district vs London 24

Figure 34. Relative difference in dominant wealth category of neighbourhoods 24

Figure 35. Distribution local annual earnings: local authority vs London 24

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List of figures continued Page

Figure 36. Dominant life stage of neighbourhoods: postcode district subdivided by wealth 25

Figure 37. Tenure of housing stock: neighbourhood vs local authority & London 26

Figure 38. Tenure of housing stock: neighbourhood vs local authority & London 26

Figure 39. Tenure of housing stock: neighbourhood vs London 26

Figure 40. Type of housing stock neighbourhood vs local authority & London 27

Figure 41. Proportion of empty properties: neighbourhood vs local authority & London 27

Figure 42. Type of housing stock: neighbourhood vs local authority & London 27

Figure 43. Reported crimes by type in the neighbourhood 30

Figure 44. Reported crimes by type: neighbourhood vs local authority 30

Figure 45. Total crime levels over the last 12 months in London 30

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List of tables Page

Table 1. Average earnings: Local authority vs London 23

Table 2. Dominant wealth category of neighbourhoods 23

Table 3. Three nearest primary schools 28

Table 4. Three nearest senior schools 28

Table 5. Three nearest senior schools 28

Table 6. Tube stations 29

Table 7. Train stations 29

Table 8. Overground Stations 29

Table 9. Motorway Junctions 29

GeographiesThis report uses four levels of geography - postcode district, local authority level, regional level and national level. Which geographies are used in each analysis depend on the implications of the data (i.e. the point the chart is making) and the availablility of the data itself.

Postcode Districts are groups of postcodes named using all but the last three in a full posticde e.g. “SW11” or “N5”. Each postcode district (sometimes called ‘out codes’ ) contain about 10,000 homes. Local Authorities are the standard administrative geography in UK. In London they are also called “boroughs” with the exception of the City of London. Examples of Local Authorities include Hackney and Wandsworth and each contains 100,000 households on average.

At Regional level, analysis refers to large areas like Greater London, which the sum of the 33 Local Authorities. National level refers either to the UK, England or England excluding London depending on the analysis.

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1.0 Executive Summary

N.B. For more information on the statistics mentioned in this section please see the notes section at the end of this report which explains the sources and terminology used.

Abbey Wood sits in south east London in the borough of Bexley about 17.2km south east of Charing Cross.

Abbey Wood in South East London has long been a largely overlooked area of outer South East London. Trans-port hasn't been fantastic and it's proximity to Thamesmead with its bad reputation has meant even the most creative local estate agents have had trouble selling it. However the announcement that Crossrail is going to have a station there has drawn a lot of attention to it. Prices there are quite low and it will soon be possible to travel to Bond Street in just 25 minutes. With transport accessibility perhaps the most important variable determining house prices its increasingly being seen as an investment hotspot.

The rental data in this report for Abbey Wood is based on 94 records from the Valuation Office Agency cap-tured over the 12 months up to the date written on the chart. At mid market level, rents in the area range from £77 per week for a room to £322 for a property with 4 or more bedrooms. In this area, the average two bedroom property costs between £220 and £240, with £230 as the mid-point, which is 28.6% lower than the London average. Properties at the upper end of the two-bed market command rents of £250 or above. Equally those at the lower end of the 2-bed market cost £209 or less. Over the last year rents in London have increased by 9.2% compared with 10.5% in the UK as a whole. That means that the gap between London and the rent of the country has increased with UK rents going from 59.3% of the London average to 57.4%.

The average job grade in Abbey Wood is 5.8 which is -8.7% lower than the local authority and -14.3% lower than London. The most common job category (as defined by the Office for National Statistics NS-Sec clas-sification) is 9. Elementary occupations accounting for 15% of the population. This is 2.6% lower than the average for the local authority and 7.5% lower than London.

In SE2, newly built properties are generally considered to be at the top end of the market if they achieve prices at or above £250/sqft for a house and £190/sqft for a flat. The equivalent values in the resale market are £240/sqft and £200/sqft respectively. The mid-market price point for the new build market in SE2 is £250/sqft for a house and £190/sqft for a flat. Again, the equivalent values in the resale market are £206/sqft and £170/sqft respectively. Since 2008, average prices per square foot have increased by 25.7% for new build flats, 53.5% for new build houses, 34.3% for resale flats and 33.2% for resale houses. Looking at it another way the £/sqft price band which has seen the highest number of transactions is £150-200 for new build flats, £200-250 for new build houses, £150-200 for resale flats and £200-250 for resale houses.

In terms of total capital values, new build properties which achieve £293,000 (houses) or £158,000 (flats) or above are considered top of the market. The equivalent values in the resale market are £285,000 and £170,000 respectively. The mid-point for the new build market in the neighbourhood is £293,000 for a house and £158,000 for a flat. Again, the equivalent values in the resale market are £245,000 and £140,000 respectively. Looking at the market as a whole, between 20011 and 2014, average prices have increased by 21.6% for flats, 32.4% for terraced houses, 13.8% semi-detached houses and 21.5% for detached houses. Looking at it anoth-er way the price band which has seen the highest number of transactions is £100k -200k for new build flats, £200k -300k for new build houses, £100k -200k for resale flats and £200k -300k for resale houses.

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2.0 Map and photos2.1 Overview

Source: ResiAnalytics

2.1 Birds eye view

Source: Bing Maps N.B. (map may not reflect recent developments) 2.2 Location map

Abbey Wood sits in south east London in the borough of Bexley about 17.2km south east of Charing Cross.

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Image 1 Image 2

Imeage 3 Image 4

Image 5 Image 6

2.3 Representative photos of the area

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3.0 Capital valuesIn the first part of this section of the report we look at capital values per square foot in the local area. We cross-reference each transaction record from HM Land Registry with our database of gross internal areas to display modelled prices per square foot. The data is split by house types, new and resale and is displayed both over time and at different catchment areas. However as the Land Registry data does not contain bedrooms, the analyses look at broad house types only.

In SE2, newly built properties are generally considered to be at the top end of the market if they achieve prices at or above £250/sqft for a house and £190/sqft for a flat. The equivalent values in the resale market are £240/sqft and £200/sqft respectively. The mid-market price point for the new build market in SE2 is £250/sqft for a house and £190/sqft for a flat. Again, the equivalent values in the resale market are £206/sqft and £170/sqft respectively. Since 2008, average prices per square foot have increased by 25.7% for new build flats, 53.5% for new build houses, 34.3% for resale flats and 33.2% for resale houses. Looking at it another way the £/sqft price band which has seen the highest number of transactions is £150-200 for new build flats, £200-250 for new build houses, £150-200 for resale flats and £200-250 for resale houses.

In terms of total capital values, new build properties which achieve £293,000 (houses) or £158,000 (flats) or above are considered top of the market. The equivalent values in the resale market are £285,000 and £170,000 respectively. The mid-point for the new build market in the neighbourhood is £293,000 for a house and £158,000 for a flat. Again, the equivalent values in the resale market are £245,000 and £140,000 respectively. Looking at the market as a whole, between 20011 and 2014, average prices have increased by 21.6% for flats, 32.4% for terraced houses, 13.8% semi-detached houses and 21.5% for detached houses. Looking at it anoth-er way the price band which has seen the highest number of transactions is £100k -200k for new build flats, £200k -300k for new build houses, £100k -200k for resale flats and £200k -300k for resale houses.

In terms of overall transaction levels, transactions currently sit -6.1% below where they were in 2008 for prop-erties within SE2. On average throughout the period, flats have accounted for 18.6% of transactions, terraced houses, 65.6%, semi-detached properties 13.4% and detached houses 2.4%.

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Source: Resianalytics, HM Land Registry

Source: Resianalytics, HM Land Registry

Source: Resianalytics, HM Land Registry

Figure 1. Distribution of price per square foot within the postcode district (last 12 months)

Figure 2. Average £/sqft over time (the postcode district)

Figure 3. No. transactions by £/sqft band the postcode district (last 12 months)

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Source: Resianalytics, HM Land Registry

Source: Resianalytics, HM Land Registry

Source: Resianalytics, HM Land Registry

Figure 4. Distribution of capital values within the postcode district (last 12 months )

Figure 5. New and Resale average capital values over time (the postcode district)

Figure 6. Overall average capital values over time

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Source: Resianalytics, HM Land Registry

Source: Resianalytics, HM Land Registry

Source: Resianalytics, HM Land Registry

Figure 7. Index of transaction levels (2008-Q1 = 100)

Figure 8. Transaction levels over time by house type

Figure 9. Transaction levels by value band (last 12 months)

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4.0 Rent levelsIn this next part of the report we look at rent levels in the local area, as defined by the postcode district in which the property sits. The data is collected by the Valuation Office Agency and is used by local authorities to assess private rent levels in order to inform housing benefit payments. It should be noted that this analysis uses a sample of data from across the area and only accounts for number of bedrooms, not type or size of property.

The analysis visualises the distribution of rents in the sample to determine upper, lower and mid-market price points at each bedrooms count. On that basis the main purpose of this chart is to show the price points at which the low-end, mid and premium markets begin and end.

Source: Valuation Office AgencyLegend

The rental data in this report for Abbey Wood is based on 94 records from the Valuation Office Agency cap-tured over the 12 months up to the date written on the chart. At mid market level, rents in the area range from £77 per week for a room to £322 for a property with 4 or more bedrooms. In this area, the average two bedroom property costs between £220 and £240, with £230 as the mid-point, which is 28.6% lower than the London average. Properties at the upper end of the two-bed market command rents of £250 or above. Equally those at the lower end of the 2-bed market cost £209 or less. Over the last year rents in London have increased by 9.2% compared with 10.5% in the UK as a whole. That means that the gap between London and the rent of the country has increased with UK rents going from 59.3% of the London average to 57.4%.

Figure 10. Benchmark rent levels in the postcode district (September 2015)

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Source: Rentonomy

Source: Rentonomy

Source: ONS Experimental Index of Private Housing Rental Prices

Figure 11. London rent levels over time

Figure 12. Average UK rents as a proportion of average London rents

Figure 13. Indexed rent levels: London vs the rest of the country

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5.0 Local Demand Dynamics5.1SummaryPopulation projections give us some forward visibility on how demand might increase in the future. One of the key drivers of demand for all residential property assets is rising levels of local residents. We show the figures in two ways; absolute numbers and relative values. This allows the reader to get some context on how populations are likely to rise.

The presence of non-UK born residents contributes hugely to the flavour of any area. We look at the propor-tion of foreign born people to show how international the area is but we also break it down into most com-mon countries of origin for an extra layer of granularity. As well as countries, we also look at most common languages as this is a rough proxy for local cultural themes.

Age profile has a massive impact on the nature of demand in the local area. In most parts of the UK, the age bands 30 to 44 and 45 to 59 are the biggest but small variations around this standard pattern make all the difference. For example, if an area has a particularly strong group of people in the 25 to 29 band then this is a proxy for particularly strong demand for private rented accommodation. Likewise, areas with a large amount of people in the lifestage “flatshares and young couples” are likely to have a very strong demand for rented accommodation.

The employment profile of a local area says a lot about general levels of wealth, income disparity and pro-pensity to afford certain types of housing. The job bands we use come from the Office for National statistics. It’s not easy to classify every job and there are significant variations within bands. However, the order does broadly correspond to skills required and income levels.

In the education section we show the proportion of the population that have achieved certain education lev-els. Level 4, the highest level corresponds to degree level qualifications. Some qualifications, particularly those from abroad don’t fit neatly into the 4 levels shown so will feature in the “other qualifications” category. Areas with high levels of non-UK born residents are likely to have a large proportion of people in this segment.

Earnings and wealth are the most obvious determinants of rental affordability. We show the median average earnings for full time workers using data from the Annual Survey of Hours and Earnings. We show the figures at lower quartile, median and upper quartile level which shows the distribution of the population sample. We also split the residents into broad categories.

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Source: Office for National Statistics

Source: Office for National Statistics

5.2 Population Projections

The population of Bexley is expected to rise by 20.9% in the next 25 years, equivalent to 49905 people. This is -2.5% lower than London as a whole.

Figure 14. Neighbourhood population projections - next 25 years

Figure 15. Index of population projections: neighbourhood vs London

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5.3 Local Nationality Mix

Source: Office for National Statistics

Source: Office for National Statistics

The most common foreign country of origin for residents of the area is Nigeria, followed by the India and Gha-na. The neighbourhood surrounding Abbey Wood has a lower proportion foreign-born people than London but a higher proportion than the national average. The most common spoken language in the area (excluding English) is Yoruba followed by Nepalese and Panjabi. The area has a lower proportion of non-English speakers than the London but a higher proportion than the national averages.

Figure 16. Most common countries of origin (excluding UK) in the neighbourhood

Figure 17. Levels of foreign born residents: neighbourhood vs local authority & London

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Source: Office for National Statistics

Source: Office for National Statistics

Figure 18. Most common primary language (excluding English) in the neighbourhood

Figure 19. Primary foreign language : neighbourhood vs local authority & London

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5.4 Age Profile and Lifestage

Source: Office for National Statistics

Source: Office for National Statistics

Source: ResiAnalytics, Office for National Statistics

The average age of residents in Abbey Wood is 34.1 years old, which is younger than the average for the local authority and younger than London as a whole. The most common age band is 30 to 44, in which 22.6% of the local population sit. The other stand-out age related factor is that the area has 5.1% more Young Families than London as a whole. If we look at lifecycle rather than age we see that the largest group in the local area is Young Families who dominate 65.2% of neighbourhoods in the area. In this analysis, the way in which the local area differs most form London is that it has 1.7% more 10 to 14 year olds than the rest of London.

Figure 20. Average age: neighbourhood vs local authority & London

Figure 21. Age profile: neighbourhood vs local authority & London

Figure 22. Residents within age categories: neighbourhood vs London

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Source: ResiAnalytics

Source: ResiAnalytics

Source: ResiAnalytics

Figure 23. Dominant life stage of neighbourhoods within the postcode district

Figure 24. Dominant life stage of neighbourhoods: postcode district vs London

Figure 25. Relative difference in dominant life stage of neighbourhoods

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5.5 Employment Profile

Source: ResiAnalytics, Office for National Statistics

Source: Office for National Statistics

Source: Office for National Statistics

The average job grade in Abbey Wood is 5.8 which is -8.7% lower than the local authority and -14.3% lower than London. The most common job category (as defined by the Office for National Statistics NS-Sec clas-sification) is 9. Elementary occupations accounting for 15% of the population. This is 2.6% lower than the average for the local authority and 7.5% lower than London.

Figure 26. Average job grade: neighbourhood vs local authority & London

Figure 27. Employment profile of residents: neighbourhood vs local authority & London

Figure 28. Employment profile: neighbourhood vs London

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5.6 Education Profile

Source: Office for National Statistics

Source: Office for National Statistics

Source: Office for National Statistics

In Abbey Wood, the average education level is 2.2. To put that in context that means local residents are -0.7% less qualified by those in the local authoirty and -6.7% less than in London as a whole. The most common education level is No qualifications which accounts for 24.5% of local people. In terms of variability from the rest of London, the most striking difference is those with No qualifications qualifications which is 6.9% higher than the rest of the city.

Figure 29. Average education level: neighbourhood vs local authority & London

Figure 30. Education profile of local residents: neighbourhood vs Local Authority & London

Figure 31. Education profile: neighbourhood vs London

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5.7 Earnings and wealth

Source: Office for National Statistics

Source: SituDem by ResiAnalytics

Table 1: Average earnings: Local authority vs London

Table 2: Dominant wealth category of neighbourhoods

The average full time earnings in Abbey Wood range between £22696 and £43557 with an average of £32856. This is 0.2% higher than the London average (£32800). The most common wealth band in the area is Affluent which accounts for 65.2% of the population. In the region as a whole Comfortable is the biggest group repre-senting 36.1% of the population.

Source: SituDem by ResiAnalytics

Figure 32. Dominant wealth category of neighbourhoods

Lower Quartile Average Upper Quartile

Borough London Borough London Borough London

Earnings 22,696 23,172 32,856 32,800 43,557 46,374

Relative -2% 0% -6.1%

Local Area London Relative

Struggling 0 0% 759,215 23% -23%

Less Comfortable 0 0% 558,344 17% -17%

Comfortable 4659 35% 1,179,104 36% -1%

Affluent 8,725 65% 768,424 24% 42%

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Source: SituDem by ResiAnalytics

Source: SituDem by ResiAnalytics

Source: Annual Survey of Hours and Earnings

Figure 33. Dominant wealth category of neighbourhoods: postcode district vs London

Figure 34. Relative difference in dominant wealth category of neighbourhoods

Figure 35. Distribution local annual earnings: local authority vs London

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Source: SituDem by ResiAnalytics

Figure 36. Dominant life stage of neighbourhoods: postcode district subdivided by wealth

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6.0 Market Structure6.1 Tenure of housing stock

Source: Office for National Statistics

Source: Office for National Statistics

The rental market in Abbey Wood accounts for 14.2% of all properties. This is -10.8% lower than London as a whole. 48.3% of properties are owner occupied, 35.8% social rented and the remainder are either shared ownership or people living rent free.

Source: Office for National Statistics

Figure 37. Tenure of housing stock: neighbourhood vs local authority & London

Figure 38. Tenure of housing stock: neighbourhood vs local authority & London

Figure 39. Tenure of housing stock: neighbourhood vs London

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6.2 Type of housing stock

Source: Office for National Statistics

Flats in Abbey Wood account for 37.3% of all properties. This is -14.9% lower than London as a whole. 43.5% of properties are terraces, 15.4% semi-detached and the remainder are detached. 3.1% of properties in the neighbourhood are empty which is 0.5% more than the local authority and 0.4% less than London as a whole.

Source: Office for National Statistics

Source: Office for National Statistics

Figure 40. Type of housing stock neighbourhood vs local authority & London

Figure 41. Proportion of empty properties: neighbourhood vs local authority & London

Figure 42. Type of housing stock: neighbourhood vs local authority & London

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7.0 SchoolsThe quality of local schools has a profound affect on local property markets. While the impact is more pro-found in the home purchase market, it also has a significant affect on private rental sector. Using the latest available data, which is supplied annually, we show the five best performing schools in the area and split them into three tables - primary school performance, GCSE performance and A-level performance. We also indicate the entry requirements in terms of religion and type.

Source: ResiAnalytis, Department for Education

Table 3: Best performing primary schools

Table 4: Best performing secondary schools

Name Type Religion

Avg

Points Level 4 Level 5

Teachers per

pupil

Boxgrove Primary School CY N/A 30.3 86% 37% 19.7

St Thomas A Beckett Roman

Catholic Primary School VA R Catholic 30.1 93% 41% 19.6

De Lucy Primary School CY N/A 29.8 85% 31% 21.1

Alexander McLeod Primary

School CY N/A 27.9 69% 13% 20.5

- - - - - - -

Name Type Religion

Avg

Points

% pupils

achieving 5+

A*-C

% pupils

achieving 5+

A*-G

Teachers per

pupil

St Paul’s Academy AC R Catholic 311.3 69% 89% 11.8

Schoolhouse Education IND N/A 65.9 0% 7% -

- - - - - - -

- - - - - - -

- - - - - - -

Name Type Religion

Avg

Points

Average point

score (Grade)

% achieving 3 A

levels at A*-E

% achieving

2 A levels at

A*-E

- - - - - - -

- - - - - - -

- - - - - - -

- - - - - - -

Table 5: Best performing sixth form schools

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8.0 Local TransportAccess to transport infrastructure is one of the most important factors affecting the performance and rent levels of private accommodation. Here we list the nearest stations and provide all the pertinent details about them. Where applicable, we divide stations into tube stations and mainline train stations. We also display the nearest motorway junctions. Distances relate to the physical centre of the postcode district.

Station Distance (km) Zone Line

Quickest time

to centre

(mins)

Woolwich Arsenal 2.6 4 DLR 27

Gallions Reach 4.0 3 DLR 24

King George V 4.3 3 DLR 23

Cyprus 4.5 3 DLR 22

Beckton 4.9 3 DLR 26

Station Distance (km) Station Distance (km)

Abbey Wood Station 0.1 Woodgrange Park 8.4

Belvedere Station 2.2 Wanstead Park 9.5

Plumstead Station 2.6 Leytonstone High Road 11.3

Bexleyheath Station 3.1 Brockley 11.3

Welling Station 3.1 New Cross Gate 11.4

Junction Distance (km)

M25 J1A 9.6

M25 J30 9.9

Table 6: Tube Stations

Table 7: Train Stations

Table 9: Motorway Junctions

Source: ResiAnalytics, Transport for London

Table 8: Overground Stations

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9.0 Crime

Source: Office for National Statistics

Source: Office for National Statistics

Source: Office for National Statistics

The most commonly reported crime in the neighbourhood is Anti-social behaviour, with 63 reports in the last 12 months. This is followed by Violence and sexual offences, with 56 reports. If we compare the neighbour-hood around Abbey Wood with the rest of the local authority, the stand out difference is Violence and sexual offences of which there have been 23.1 more% reports. Overall, crime in London has fallen by 6% in the last year.

Figure 44. Reported crimes by type: neighbourhood vs local authority

Figure 45. Total crime levels over the last 12 months in London

Figure 43. Reported crimes by type in the neighbourhood

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SourcesOffice for National StatisticsONS is the data department of the UK government. As well as regular data releases, the department is also responsibe for the national Census which was last carried out in 2011 and population projections.

ResiAnalytics LimitedResiAnalytics is a UK-based data and analytics consultancy specialising in the residential property market. ResiAnalytics provides SituDem socio-economic data which you can read more about in the notes section. ResiAnalytics also provides the location scoring information SituScore included in this report.

HomeletThis report uses data from the HomeLet Rental Index which is gathered from their tenant referencing service. The rental amounts are based on the actual achieved rental prices for new tenancies in the reported month.

Police.co.uk The Home Office and nationwide constabularies provide detailed data on reported crime. We use this data rolled up to LSOA, Local Authority and city level.

HM Land RegistryPrice Paid Data tracks residential property sales in England and Wales submitted to Land Registry for registration. Price Paid Data is based on the raw data released each month.

The amount of time between the sale of a property and the registration of this information with Land Registry varies. It typically ranges between 2 weeks and 2 months. Data for the two most recent months is therefore incomplete and does not give an indication of final monthly volumes.

Occasionally the interval between sale and registration is longer than two months. The small number of sales affected cannot be updated for publication until the sales are lodged for registration.

NotesEducationThe Office for National statistics splits ‘Highest level of qualification’ into four levels, plus categories for ‘Apprenticeship’ ‘Other’ and ‘None’: No qualifications. The four levles are defines as such:

o Level 1: 1-4 O Levels/CSE/GCSEs (any grades), Entry Level, Foundation Diploma, NVQ Level 1, Foundation GNVQ, Basic/Essential Skills;

o Level 2: 5+ O Level (Passes)/CSEs (Grade 1)/GCSEs (Grades A*-C), School Certificate, 1 A Level/ 2-3 AS Levels/VCEs, Intermediate/Higher Diploma, Welsh Baccalaureate Intermediate Diploma, NVQ level 2, Intermediate GNVQ, City and Guilds Craft, BTEC First/General Diploma, RSA Diploma; Apprenticeship;

o Level 3: 2+ A Levels/VCEs, 4+ AS Levels, Higher School Certificate, Progression/Advanced Diploma, Welsh Baccalaure-ate Advanced Diploma, NVQ Level 3; Advanced GNVQ, City and Guilds Advanced Craft, ONC, OND, BTEC National, RSA Advanced Diploma;

o Level 4 and above: Degree (for example BA, BSc), Higher Degree (for example MA, PhD, PGCE), NVQ Level 4-5, HNC, HND, RSA Higher Diploma, BTEC Higher level, Foundation degree (NI), Professional qualifications (for example teach-ing, nursing, accountancy);

o Other qualifications: Vocational/Work-related Qualifications, Foreign Qualifications (not stated/level unknown).

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Notes continued

CrimeThe data from police.co.uk is collected as part of the Annual Data Requirement. Explanatory notes on the site state that:

The Government is committed to making police performance more transparent to the public. We are opening up data on police actions, and the vision is for data.police.uk to become the hub for all open police and criminal justice data. Since April 2014, the Home Office has made the following data available through data.police.uk:

o Police Recorded Crime and Police Outcomes. o Use of PACE powers for Stop and Search.

The Annual Data Requirement (ADR) is the statutory framework that sets out what information police forces in England and Wales must regularly provide. By making even more ADR information available on data.police.uk, we are further increasing police transparency and accountability at a national and local level.

SchoolsThe data in the tables on the schools section are taken from two databases compiled by ResiAnalytics. They show the three nearest schools in the public and private sector split between junior and senior. Not all data is available in all instanc-es. For example private sector junior schools aren’t required to publish results so none are available. Equally data on fees for private schools is not always available so we only display it where know.

SituDemSituDem data is socio-demographic which splits every postcode in England and Wales into one of five wealth categories and ten life cycle stages. It does this using a unique belnd of data incorporating things such as earnings, spending patterns and even housing market activity.