2 Bed Flat, Motivated Seller, London, SE18 4GF, £280,000

Lancaster House, Gunyard Mews, London, London The Metropolis[8], SE18 4GF - 2 views - 5 months ago

Leasehold
Motivated
BTL
ROI: 3%
~57 m²
+8 photos

ValuationFair Value

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

 

 

Square Metres

~56.70 m²
Price/m²£4.9K/m²

Value Estimate

£275,105

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Total Cash In

£86,700

 

 

Cash Out

 

Rent Range

£1,400 - £2,700

Rent Estimate

£1,400

Running Costs/mo

£1,175

Cashflow/mo

£225

Cashflow/yr

£2,700

ROI

3%

Gross Yield

6%

Local Sold Prices

46 sold prices from £154K to £625K, average is £316.5K. £1.9K/m² to £7.6K/m², average is £4.9K/m².

PriceDateDistanceAddressBeds 
£280K10/210.19 mi67, Prince Henry Road, London, Greater London SE7 8PW2
£275K08/230.21 mi100, Greenbay Road, London, Greater London SE7 8PT2
£265K01/210.21 mi102, Greenbay Road, London, Greater London SE7 8PT2
£278.8K08/210.22 mi34, Greenbay Road, London, Greater London SE7 8PS2
£275K03/210.22 mi40, Greenbay Road, London, Greater London SE7 8PS2
£331.6K10/210.25 mi66, Brook Square, London, Greater London SE18 4NB2
£310K03/210.25 mi3, Brook Square, London, Greater London SE18 4NB2
£318K11/210.25 mi5, Brook Square, London, Greater London SE18 4NB2
£355K06/230.32 mi41, Gilbert Close, London, Greater London SE18 4PT2
£307K02/210.32 mi44, Gilbert Close, London, Greater London SE18 4PT2
£346K12/200.32 mi46, Gilbert Close, London, Greater London SE18 4PT2
£242.5K03/210.4 mi103, Whetstone Road, London, Greater London SE3 8QA2
£525K05/230.51 mi13, Langhorne Street, London, Greater London SE18 4BJ2
£310K02/230.56 miFlat 17, Mulberry Close, Charlton Park Road, London, Greater London SE7 8UB2
£290K07/230.63 mi13a, The Village, London, Greater London SE7 8UG2
£360K01/210.66 mi95, Hervey Road, London, Greater London SE3 8BX2
£435K04/210.66 miApartment 15, Cityview, Lansdowne Lane, London, Greater London SE7 8JE2
£457.5K01/230.72 miGround Floor Flat, 132, Shooters Hill Road, London, Greater London SE3 8RN2
£350K02/210.74 mi96b, Charlton Church Lane, London, Greater London SE7 7AA2
£290K04/230.74 mi92d, Charlton Church Lane, London, Greater London SE7 7AA2
£285K04/210.75 mi208a, Herbert Road, London, Greater London SE18 3QD2
£275K05/230.77 mi63a, Granby Road, London, Greater London SE9 1EH2
£297.5K05/230.77 mi81, Granby Road, London, Greater London SE9 1EH2
£320K05/230.77 mi59a, Granby Road, London, Greater London SE9 1EH2
£278K11/200.77 mi118, Little Heath, London, Greater London SE7 8BJ2
£625K04/210.77 mi8, Broad Walk, London, Greater London SE3 8NB2
£330.3K07/210.77 mi173b, Herbert Road, London, Greater London SE18 3QE2
£395K08/230.79 mi72b, Elliscombe Road, London, Greater London SE7 7PY2
£430K09/210.79 mi46b, Elliscombe Road, London, Greater London SE7 7PY2
£415K06/210.8 mi41a, Elliscombe Road, London, Greater London SE7 7PF2
£315K09/230.81 mi6, Ankerdine Crescent, Shooters Hill, London, Greater London SE18 3LQ2
£330K02/230.82 mi73a, Granby Road, London, Greater London SE9 1EH2
£300K09/210.84 mi117, Granby Road, London, Greater London SE9 1EJ2
£276K06/210.86 mi118b, Woodhill, London, Greater London SE18 5JL2
£154K03/230.88 mi306, Nightingale Vale, London, Greater London SE18 4EH2
£345K05/230.89 mi41a, Heathwood Gardens, London, Greater London SE7 8ES2
£250K12/200.9 miFlat 15, Gregory House, Brook Lane, London, Greater London SE3 8AS2
£240K02/230.9 mi11c, Delacourt Road, London, Greater London SE3 8XA2
£310K01/230.92 mi276a, Westmount Road, Eltham, London, Greater London SE9 1YA2
£410K06/210.92 mi101a, Victoria Way, Charlton, London, Greater London SE7 7NU2
£340K03/230.92 mi32d, Wellington Gardens, London, Greater London SE7 7PH2
£322.5K01/210.93 miFlat 18, St. James Court, Wricklemarsh Road, London, Greater London SE3 0NE2
£334K12/220.93 mi107a, Granby Road, London, Greater London SE9 1EJ2
£285K08/210.96 mi270, Westmount Road, London, Greater London SE9 1YA2
£370K05/210.97 mi2, Sherington Road, London, Greater London SE7 7JW2
£365K01/210.99 mi19a, Kidbrooke Park Road, London, Greater London SE3 0LR2

Local Rents

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

RentDateDistanceAddressBeds 
£1,40012/240.01 mi-2
£1,70008/240.01 miGunyard Mews London SE182
£1,70008/240.06 miBerber Parade, Woolwich2
£1,75008/240.08 miBailey House, Berber Parade, SE182
£1,80008/240.08 miBailey House, SE182
£2,60003/250.22 mi-2
£2,70002/240.24 mi-2
£1,79510/240.24 mi-2
£1,80008/240.24 miBrook Square, London, SE182
£1,75008/240.24 miBrook Square, Woolwich2
£1,75008/240.26 miCharlton Park Lane, Charlton , SE72
£1,95009/240.26 miElizabeth Fry Place, SE182
£1,80008/240.28 miKendall Road, SE182
£1,97502/240.29 mi-2
£1,90009/240.3 mi-2
£1,90011/240.3 mi-2
£1,70008/240.31 miGilbert Close, London, SE182
£1,80002/240.33 mi-2
£1,80008/240.33 miHowerd Way, London, SE182
£2,00008/240.37 miGilbert Close Royal Herbert Pavilions SE182
£1,70008/240.38 miCorelli Road, London, SE32
£2,00008/240.4 miDursley Road, SE32
£2,00008/240.41 miMennie House, Gilbert Close, London, SE182
£1,80008/240.41 miRoyal Herbert Pavilions, Gilbert Close, London, SE182
£1,90009/240.43 mi-2
£2,00008/240.43 miRoyal Herbert Pavilions, London, SE182
£2,10010/240.44 mi-2
£1,90012/240.53 miDursley Road, SE32
£1,75008/240.54 miAshmore Road, Shooters Hill, SE182
£1,40012/240.59 mi-2

Local Area Statistics

Population in SE18

75,840

Population in London

4,771,921

Town centre distance

7.48 miles away

Nearest school

0.40 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Price changed to £280,000

March 16, 2025

Price changed to £295,000

January 31, 2025

Price changed to £300,000

December 11, 2024

Listed for £305,000

November 11, 2024

Floor Plans

Description

  • Leasehold 250 years from 1 January 2006 +
  • Service Charge £3,500 a year (can be paid Monthly) - Ground Rent - £325 a year (Paid Bi Annually) +
  • Council Tax Band C +
  • Open Plan Kitchen/Dining Room with Balcony +
  • Two Double Bedrooms +
  • Bathroom +
  • Dedicated Parking Space +
  • Charlton, Woolwich and North Greenwich rail stations are within an easy reach +
  • Convenient Location near Bus Routes +
  • Viewing Advised +

* NEW PRICE * With a private balcony and an allocated parking space, this two-bedroom property is well-presented and close to a range of local amenities and transport links. Viewing Advised.

This apartment is located in Plumstead with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entranceway, a spacious living room open plan to the fitted kitchen. There is a private balcony accessed from the living room, two double bedrooms and a bathroom.

Externally, the property benefits from an allocated parking space.

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £5,000. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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