2 Bed Flat, Single Let, London, SE18 4NW, £305,000

Master Gunner Place, LONDON, SE18 4NW - 4 views - 5 months ago

BTL

ROI: 4%

~68 m²

+18 photos

ValuationUndervalued

Sold Prices	£154K - £625K
Sold Prices/m²	£1.9K/m² - £7.6K/m²

Square Metres	~68.11 m²
Price/m²	£4.5K/m²
Value Estimate	£346,565£346,565
BMV	14%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£76,250£76,250
Stamp Duty & Legal Fees	£13,100£13,100
Total Cash In	£89,350£89,350

Cash Out
Rent Range	£1,400 - £2,700£1,400 - £2,700
Rent Estimate	£1,613
Running Costs/mo	£1,296£1,296
Cashflow/mo	£317£317
Cashflow/yr	£3,807£3,807
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

45 sold prices from £154K to £625K, average is £310K. £1.9K/m² to £7.6K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£331.6K	10/21	0.24 mi	66, Brook Square, London, Greater London SE18 4NB	£4,306	77	2	Flat
£310K	03/21	0.24 mi	3, Brook Square, London, Greater London SE18 4NB	£6,200	50	2	Flat
£318K	11/21	0.24 mi	5, Brook Square, London, Greater London SE18 4NB	£5,362	59	2	Flat
£280K	10/21	0.24 mi	67, Prince Henry Road, London, Greater London SE7 8PW	£4,507	62	2	Flat
£275K	08/23	0.26 mi	100, Greenbay Road, London, Greater London SE7 8PT	£4,583	60	2	Flat
£265K	01/21	0.26 mi	102, Greenbay Road, London, Greater London SE7 8PT	£4,492	59	2	Flat
£355K	06/23	0.27 mi	41, Gilbert Close, London, Greater London SE18 4PT	£5,379	66	2	Flat
£307K	02/21	0.27 mi	44, Gilbert Close, London, Greater London SE18 4PT	£4,300	71	2	Flat
£346K	12/20	0.27 mi	46, Gilbert Close, London, Greater London SE18 4PT	£5,088	68	2	Flat
£278.8K	08/21	0.28 mi	34, Greenbay Road, London, Greater London SE7 8PS	£4,100	68	2	Flat
£275K	03/21	0.28 mi	40, Greenbay Road, London, Greater London SE7 8PS	£4,661	59	2	Flat
£242.5K	03/21	0.44 mi	103, Whetstone Road, London, Greater London SE3 8QA	£3,409	71	2	Flat
£525K	05/23	0.45 mi	13, Langhorne Street, London, Greater London SE18 4BJ	-	-	2	Flat
£310K	02/23	0.59 mi	Flat 17, Mulberry Close, Charlton Park Road, London, Greater London SE7 8UB	-	-	2	Flat
£290K	07/23	0.67 mi	13a, The Village, London, Greater London SE7 8UG	£5,370	54	2	Flat
£285K	04/21	0.69 mi	208a, Herbert Road, London, Greater London SE18 3QD	-	-	2	Flat
£435K	04/21	0.71 mi	Apartment 15, Cityview, Lansdowne Lane, London, Greater London SE7 8JE	-	-	2	Flat
£330.3K	07/21	0.72 mi	173b, Herbert Road, London, Greater London SE18 3QE	£4,593	72	2	Flat
£360K	01/21	0.72 mi	95, Hervey Road, London, Greater London SE3 8BX	£7,265	50	2	Flat
£275K	05/23	0.73 mi	63a, Granby Road, London, Greater London SE9 1EH	-	-	2	Flat
£297.5K	05/23	0.73 mi	81, Granby Road, London, Greater London SE9 1EH	-	-	2	Flat
£320K	05/23	0.73 mi	59a, Granby Road, London, Greater London SE9 1EH	£5,484	58	2	Flat
£315K	09/23	0.75 mi	6, Ankerdine Crescent, Shooters Hill, London, Greater London SE18 3LQ	£5,455	58	2	Flat
£278K	11/20	0.76 mi	118, Little Heath, London, Greater London SE7 8BJ	£4,484	62	2	Flat
£350K	02/21	0.79 mi	96b, Charlton Church Lane, London, Greater London SE7 7AA	-	-	2	Flat
£290K	04/23	0.79 mi	92d, Charlton Church Lane, London, Greater London SE7 7AA	£4,852	60	2	Flat
£457.5K	01/23	0.79 mi	Ground Floor Flat, 132, Shooters Hill Road, London, Greater London SE3 8RN	£4,159	110	2	Flat
£330K	02/23	0.79 mi	73a, Granby Road, London, Greater London SE9 1EH	-	-	2	Flat
£625K	04/21	0.8 mi	8, Broad Walk, London, Greater London SE3 8NB	£5,682	110	2	Flat
£300K	09/21	0.81 mi	117, Granby Road, London, Greater London SE9 1EJ	£5,582	54	2	Flat
£154K	03/23	0.83 mi	306, Nightingale Vale, London, Greater London SE18 4EH	£1,913	81	2	Flat
£395K	08/23	0.84 mi	72b, Elliscombe Road, London, Greater London SE7 7PY	£5,525	71	2	Flat
£430K	09/21	0.84 mi	46b, Elliscombe Road, London, Greater London SE7 7PY	£4,831	89	2	Flat
£415K	06/21	0.85 mi	41a, Elliscombe Road, London, Greater London SE7 7PF	£7,643	54	2	Flat
£276K	06/21	0.86 mi	118b, Woodhill, London, Greater London SE18 5JL	£4,600	60	2	Flat
£310K	01/23	0.88 mi	276a, Westmount Road, Eltham, London, Greater London SE9 1YA	£6,200	50	2	Flat
£334K	12/22	0.9 mi	107a, Granby Road, London, Greater London SE9 1EJ	£7,108	47	2	Flat
£345K	05/23	0.9 mi	41a, Heathwood Gardens, London, Greater London SE7 8ES	-	-	2	Flat
£285K	08/21	0.92 mi	270, Westmount Road, London, Greater London SE9 1YA	£5,938	48	2	Flat
£250K	12/20	0.95 mi	Flat 15, Gregory House, Brook Lane, London, Greater London SE3 8AS	-	-	2	Flat
£240K	02/23	0.96 mi	11c, Delacourt Road, London, Greater London SE3 8XA	-	-	2	Flat
£340K	03/23	0.97 mi	32d, Wellington Gardens, London, Greater London SE7 7PH	£6,826	50	2	Flat
£410K	06/21	0.97 mi	101a, Victoria Way, Charlton, London, Greater London SE7 7NU	-	-	2	Flat
£322.5K	01/21	0.98 mi	Flat 18, St. James Court, Wricklemarsh Road, London, Greater London SE3 0NE	-	-	2	Flat
£225K	04/21	0.99 mi	157, Nightingale Place, London, Greater London SE18 4HW	£2,922	77	2	Flat

Local Rents

31 rents from £1.4K/mo to £2.7K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	08/24	0.02 mi	Berber Parade, Woolwich	2	Flat
£1,800	08/24	0.04 mi	Bailey House, SE18	2	Flat
£1,750	08/24	0.05 mi	Bailey House, Berber Parade, SE18	2	Flat
£1,400	12/24	0.05 mi	-	2	Flat
£1,700	08/24	0.07 mi	Gunyard Mews London SE18	2	Flat
£1,950	09/24	0.22 mi	Elizabeth Fry Place, SE18	2	Flat
£1,800	08/24	0.23 mi	Brook Square, London, SE18	2	Flat
£2,700	02/24	0.23 mi	-	2	Flat
£1,795	10/24	0.23 mi	-	2	Flat
£1,750	08/24	0.23 mi	Brook Square, Woolwich	2	Flat
£1,800	08/24	0.26 mi	Kendall Road, SE18	2	Terraced House
£1,900	09/24	0.26 mi	-	2	Terraced House
£1,900	11/24	0.26 mi	-	2	Terraced House
£2,600	04/25	0.27 mi	-	2	Flat
£1,700	08/24	0.27 mi	Gilbert Close, London, SE18	2	Flat
£1,750	08/24	0.3 mi	Charlton Park Lane, Charlton , SE7	2	Terraced House
£1,800	02/24	0.3 mi	-	2	Terraced House
£1,800	08/24	0.3 mi	Howerd Way, London, SE18	2	Terraced House
£1,975	02/24	0.31 mi	-	2	Flat
£2,000	08/24	0.33 mi	Gilbert Close Royal Herbert Pavilions SE18	2	Flat
£2,000	08/24	0.36 mi	Mennie House, Gilbert Close, London, SE18	2	Flat
£1,800	08/24	0.36 mi	Royal Herbert Pavilions, Gilbert Close, London, SE18	2	Flat
£1,700	08/24	0.37 mi	Corelli Road, London, SE3	2	Terraced House
£1,900	09/24	0.37 mi	-	2	Flat
£2,000	08/24	0.37 mi	Royal Herbert Pavilions, London, SE18	2	Flat
£2,100	10/24	0.39 mi	-	2	Flat
£2,000	08/24	0.43 mi	Dursley Road, SE3	2	Terraced House
£1,750	08/24	0.48 mi	Ashmore Road, Shooters Hill, SE18	2	Flat
£1,900	12/24	0.56 mi	Dursley Road, SE3	2	Terraced House
£1,750	01/25	0.6 mi	-	2	Terraced House
£1,600	10/24	0.61 mi	-	2	Flat

Local Area Statistics

Population in SE18	75,84075,840
Population in London	4,771,9214,771,921
Town centre distance	7.54 miles away7.54 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.06 miles away1.06 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-8%-8%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+6%+6%

Property History

Listed for £305,000

November 6, 2024

Sold for £250,000

2019

Sold for £168,000

2004

Sold for £75,500

1998

Floor Plans

Description

Parking Space +
Second Floor +
Lift and Stair Access to All Floors +
Gated Development +
Beautiful Interiors +
Balcony with Views +
Close to Bus Routes +
Accessible to Woolwich Common +
On Site Fitness Suite and Sauna +
Two Bedrooms +

This gorgeous apartment is situated on the second floor of Greenwich Heights and has great views from its sizeable balcony.

The apartment has a neutral colour scheme and is immaculately kept. This is complemented by spacious living accommodation which features two double bedrooms, a bathroom/wc, plus an additional cloakroom/wc. The living room is a bright and airy space and is open plan to a stylish modern kitchen. It also has two almost full height double doors and adjacent windows which lead to a balcony. The balcony has views over the communal grounds and onwards towards Woolwich Common.

Greenwich Heights is a gated development and features lift access to all floors. There is also an onsite fitness suite and sauna. There is also residents parking and pleasant communal grounds.

Master Gunner Place is centrally located for many of the areas open spaces such as Woolwich Common, Hornfair Park with its adjoining Lido and Oxleas Wood.

Within the vicinity there is a Co-Op convenience store, “The fox under the hill” local pub and both primary and secondary schools. For more shops there is a local shopping parade further west along Shooters Hill and from there a little farther you will find the shopping hubs of both Blackheath Royal Standard and Blackheath village.

For transport there are many cycle ways/paths, a good choice of bus routes including services to Woolwich. Here you will find a larger selection of high street stores and both Woolwich Arsenal rail and DLR station plus Woolwich Elizabeth Line too which has regular services into Docklands, The City, West End and Heathrow Airport.

The closest station geographically is Kidbrooke and Charlton which again has regular services into the capital and beyond.

A home such as this will surely prove popular. So, to avoid disappointment call us today to arrange a viewing.

Agent Details

Felicity J Lord, Blackheath Standard

020 3834 7881

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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