Currently Generating £58,000 Annually (Over 9% Yield) +
21ft Kitchen/Living Area +
Six Rooms Three With En-Suites +
Convenient For Mainline Station +
Convenient For Assess Into Woolwich +
Convenient for Common Land +
*GUIDE PRICE £600,000 - £625,000*
A six room, five bathroom licensed HMO conveniently located for Plumstead station and accessible into Woolwich for DLR and Elizabeth line. Currently Generating £58,000 Annually (Over 9% Yield).
*CURRENTLY GENERATING £58,000 ANNUALLY (OVER 9% YIELD)*
*21FT KITCHEN/LIVING AREA*
*SIX ROOMS THREE WITH EN-SUITES*
*CONVENIENT FOR MAINLINE STATION* *CONVENIENT FOR ASSESS INTO WOOLWICH* *CONVENIENT FOR COMMON LAND*
Key Terms
Please note that the sale of the property is subject to the current tenancies. Details of which are available on request.
Please note that some or all of the photographs within these details were taken prior to the start of the current tenancy.
Plumstead and Woolwich are part of South East London’s significant reinvention, with dramatic changes to Woolwich Town Centre and surrounds. Already home to excellent mainline rail services and DLR, Woolwich’s Elizabeth Line is now open. This connects Woolwich to Canary Wharf (8 mins), Bond Street (21 mins) and Heathrow (47 mins). Together with the redevelopment of the Royal Arsenal along the south bank of the River Thames, Woolwich has fast become a sought after urban centre. Plumstead offers a greener setting, with coffee shops, restaurants, local supermarkets, and the vast commons providing a perfect backdrop to some stunning period properties.
Agent Details
Robinson Jackson, Plumstead
020 3910 6394
Next Steps?
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Cashflows
Cash In
Deposit (25%)
£150,000
Stamp duty & legals
£36,700
Total cash in
£186,700
Cash Out
Room rate
£841
Gross rent
£5,046
Running costs/mo
£3,703
Cashflow/mo
£1,343
Cashflow/yr
£16,116
ROI
9%
Gross yield
10%
Stats
Population in SE18
76,038
Population in London
4,771,921
Town centre distance
8.95 miles away
Nearest school
0.20 miles away
Nearest train station
0.51 miles away
Rental demand
Landlord's market
Rental growth (12m)
+4%
Sales demand
Balanced market
Capital growth (5yrs)
-4%
Sold prices
£450K - £1.3M
Sold prices/m²
£2,672/m² - £6,122/m²
Square metres
~186 m²
Price/m²
£3,226/m²
Value estimate
£726,000
BMV
21%
Local Sold Prices
19 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£450K
01/21
0.46 mi
245, Plumstead High Street, London, Greater London SE18 1HF
£2,672
168
6
Terraced House
£877K
09/23
0.78 mi
66, Bostall Hill, London, Greater London SE2 0QY
-
-
6
Detached House
£600K
12/22
1.26 mi
47, Shrewsbury Lane, London, Greater London SE18 3JE
£2,941
204
6
Semi-Detached House
£775K
06/21
1.3 mi
176, Bellegrove Road, Welling, Greater London DA16 3RD
-
-
6
Semi-Detached House
£875K
11/22
1.62 mi
34, Faraday Road, Welling, Greater London DA16 2ET
£3,723
235
6
Detached House
£480K
01/21
1.81 mi
51, Stevedale Road, Welling, Greater London DA16 1ND
£3,561
135
6
Semi-Detached House
£600K
07/23
1.84 mi
91, Berkeley Avenue, Bexleyheath, Greater London DA7 4TZ
-
-
6
Semi-Detached House
£957.5K
02/23
2.12 mi
36, Eltham Park Gardens, London, Greater London SE9 1AW
-
-
6
Semi-Detached House
£1.3M
09/23
2.24 mi
30, Glenshiel Road, London, Greater London SE9 1AQ
£5,652
230
6
Semi-Detached House
£1.1M
10/23
2.24 mi
25, Glenshiel Road, London, Greater London SE9 1AQ
-
-
6
Terraced House
£1.3M
05/21
2.24 mi
30, Glenshiel Road, London, Greater London SE9 1AQ
£5,652
230
6
Semi-Detached House
£1.2M
09/20
2.29 mi
21, Glenesk Road, London, Greater London SE9 1AG
£5,263
228
6
Detached House
£610K
11/19
2.33 mi
52, Woodlands Road, Bexleyheath, Greater London DA7 4AE
£3,836
159
6
Semi-Detached House
£590K
08/21
2.41 mi
25, Dallin Road, Bexleyheath, Greater London DA6 8EH
£4,646
127
6
Semi-Detached House
£900K
12/20
2.44 mi
39, Elliscombe Road, London, Greater London SE7 7PF
£6,122
147
6
Terraced House
£985K
01/21
2.67 mi
86, Hervey Road, London, Greater London SE3 8BU
£5,694
173
6
Semi-Detached House
£725K
09/20
2.7 mi
168, Belmont Road, Erith, Greater London DA8 1LQ
£3,046
238
6
Detached House
£710K
04/21
2.73 mi
69, Lion Road, Bexleyheath, Greater London DA6 8NW