3 Bed Flat, Single Let, London, SE18 4NH, £295,000

HORNE HOUSE Master Gunners Place, London, Greater London, SE18 4NH - 2 views - 4 months ago

Sold STC
Leasehold
BTL
ROI: 8%
80 m²
+5 photos

ValuationUndervalued

Sold Prices£190K - £975K
Sold Prices/m²£3.2K/m² - £10.3K/m²

 

 

Square Metres

79.79 m²
Price/m²£3.7K/m²

Value Estimate

£368,750
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Total Cash In

£86,050

 

 

Cash Out

 

Rent Range

£1,750 - £3,000

Rent Estimate

£1,881

Running Costs/mo

£1,318

Cashflow/mo

£563

Cashflow/yr

£6,755

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £190K to £975K, average is £450K. £3.2K/m² to £10.3K/m², average is £5.5K/m².

PriceDateDistanceAddressBeds 
£390K06/210.1 miFlat 14, Hurricane House, Gunyard Mews, London, Greater London SE18 4GE3
£294K12/220.76 mi12, Elm Tree Court, London, Greater London SE7 7DP3
£300K11/220.8 mi3, Cherry Tree Court, London, Greater London SE7 7DX3
£300K03/230.83 miFlat 17, Mascalls Court, Victoria Way, Charlton, London, Greater London SE7 7TX3
£540K03/230.83 mi26, The Heights, London, Greater London SE7 8JH3
£450K08/230.89 mi149d, Victoria Way, Charlton, London, Greater London SE7 7NX3
£510K01/230.97 mi142, Grangehill Road, London, Greater London SE9 1SG3
£280K05/231 miFlat 40, Gooding House, Valley Grove, London, Greater London SE7 8AT3
£486K11/201.06 mi3, The Birches, London, Greater London SE7 7PB3
£190K10/231.08 miFlat 27, Rixon House, Barnfield Road, London, Greater London SE18 3TX3
£280K11/211.11 miFlat 16b, Biddulph House, Rideout Street, London, Greater London SE18 5EU3
£475K09/231.11 mi75, Inverine Road, London, Greater London SE7 7NJ3
£240K05/231.18 miFlat 2, Macallister House, Wrottesley Road, London, Greater London SE18 3UB3
£583K06/231.2 miFlat C, 23, Charlton Road, London, Greater London SE3 7EU3
£975K05/211.29 mi20a, Morden Road, London, Greater London SE3 0AA3
£425K02/211.31 mi35a, Dupree Road, London, Greater London SE7 7RR3
£430K09/211.31 mi31a, Dupree Road, London, Greater London SE7 7RR3
£350K03/211.4 mi11, Atlas Gardens, London, Greater London SE7 7TB3
£420K08/231.44 mi56, Beaconsfield Close, London, Greater London SE3 7LH3
£390K12/201.44 mi7a, Station Crescent, London, Greater London SE3 7EQ3
£535K03/211.45 mi31, Fulthorp Road, London, Greater London SE3 0SF3
£475K04/211.45 mi5, Merryfield, London, Greater London SE3 0SQ3
£415K05/211.47 mi3, Ormiston Road, London, Greater London SE10 0LJ3
£495K09/211.48 mi10a, Eltham Green, London, Greater London SE9 5LB3
£750K02/241.5 mi53b, Coleraine Road, London, Greater London SE3 7PF3
£530K06/211.5 miFlat 8, Hallgate, Blackheath Park, London, Greater London SE3 9SG3
£475K01/211.51 mi36a, Coleraine Road, London, Greater London SE3 7PQ3
£380K11/201.51 mi34b, Coleraine Road, London, Greater London SE3 7PQ3
£450K09/231.51 mi34e, Coleraine Road, London, Greater London SE3 7PQ3
£905K05/231.52 mi7, South Row, London, Greater London SE3 0RY3
£875K06/211.52 mi7, South Row, London, Greater London SE3 0RY3
£395K09/231.57 mi80d, Humber Road, London, Greater London SE3 7LX3
£440K03/211.66 miFlat 6, Grove House, Blackheath Grove, Blackheath, London, Greater London SE3 0DG3
£425K03/211.67 miFlat C, 72, Woolwich Road, London, Greater London SE10 0JU3
£276.5K01/211.69 mi60, Jessup Close, London, Greater London SE18 7HB3
£607.5K01/211.73 miFlat 3, Spangate, Blackheath Park, London, Greater London SE3 9RS3
£325K01/231.74 mi202, Bexley Road, Eltham, London, Greater London SE9 2PH3
£210K08/211.76 mi22, Woodington Close, London, Greater London SE9 5BJ3
£450K06/231.77 miFlat 172, Building 22, Cadogan Road, London, Greater London SE18 6YN3
£470K03/231.83 miFlat 13, Harvard Court, Greenacres, London, Greater London SE9 5AY3
£357K06/231.83 mi92, Oakways, Eltham, London, Greater London SE9 2NZ3
£300K09/231.85 mi112, Middle Park Avenue, London, Greater London SE9 5JH3
£595.4K04/231.86 miFlat 27, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£620K11/201.86 miFlat 19, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£615K05/231.86 miFlat 34, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£320K08/231.87 mi58, Churchbury Road, London, Greater London SE9 5HY3
£650K04/231.89 mi203, Barrier Point Road, London, Greater London E16 2SF3
£600K01/231.91 miFlat 19, Building 49, Argyll Road, London, Greater London SE18 6XB3
£510K06/211.94 mi66a, Court Road, London, Greater London SE9 5NP3
£770K03/211.95 mi154, Barrier Point Road, London, Greater London E16 2SE3

Local Rents

36 rents from £1.8K/mo to £3K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£1,75008/240.09 miMaster Gunner Place London SE183
£2,00002/250.1 mi-3
£2,20001/250.1 mi-3
£2,50008/240.14 miBrook House, London, SE183
£2,75008/240.2 miShooters Hill Road, London, SE183
£2,20008/240.22 miBarlow Drive, SE183
£2,30008/240.24 miHowerd Way, London, SE183
£2,30009/240.24 mi-3
£1,85012/240.31 miFarjeon Road, London, SE33
£2,25008/240.31 miGreenbay Road, Charlton, SE73
£2,10011/230.33 miHolburne Road, SE33
£2,20008/240.33 miGilbert Close Royal Herbert Pavilions SE183
£2,40012/240.33 miWricklemarsh Road, London, SE33
£2,15012/240.34 mi-3
£3,00008/240.4 miShooters Hill Road, London, SE33
£3,00008/240.4 mi-3
£2,50012/240.47 miHolburne Road, London, SE33
£2,50012/240.47 mi-3
£2,80008/240.47 miLanghorne Street, The Royal Military Acadamy, Woolwich, London, SE18 4BJ3
£2,80008/240.47 miLanghorne Street, London, SE183
£2,20008/240.48 miNigeria Road, Charlton, London, SE73
£2,25004/250.49 mi-3
£2,00008/240.51 miWell Hall Road, London, SE93
£1,90012/240.57 mi-3
£2,40008/240.57 miMerriman Road, Blackheath, SE33
£2,10012/240.57 mi-3
£2,50011/240.57 mi-3
£2,10012/240.57 mi-3
£2,10012/240.59 miDursley Road, Blackheath3
£2,80008/240.6 miGuild Road, Charlton3
£3,00008/240.6 miWellesley Road London SE183
£3,00008/240.6 miWellesley Road The Academy SE183
£2,60008/240.61 miPark Drive, Charlton3
£2,00008/240.61 miSutlej Road, London, SE73
£3,00008/240.62 miWellesley Road, London, SE183
£2,90008/240.62 miWellesley Road, Woolwich, SE183

Local Area Statistics

Population in SE18

75,840

Population in London

4,771,921

Town centre distance

7.55 miles away

Nearest school

0.30 miles away

Nearest train station

1.10 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+6%

Property History

Listed for £295,000

December 6, 2024

Sold for £240,000

2017

Sold for £100,000

2001

Sold for £55,333

1999

Sold for £43,000

1995

Description

  • Leasehold +
  • On street/residents parking +
  • First Floor Apartment +
  • Ideal Investment Opportunity +

Eldridge Estates bringing a great Investment Opportunity, Three Bedroom Apartment in Shooters Hill, SE18 London.

Perfect for Investors or First Time Buyers!

The property briefly comprises an entrance hallway with storage space, a separate Living & Kitchen area, three bedrooms (Two Double Bedrooms) & a family bathroom.

The property is located ideally within great access with bus service providing easy links to DLR, Elizabeth Line connections and Rail, the property is perfect for commute links.

Contact Us! to book your viewing appointment and avoid missing out on this opportunity!

Tenure: Leasehold
Lease Term: 94 Years Remaining
Service Charge: £2,004 per annum
Ground Rent: £50.00 per annum
Council Tax Band: C

Tenure: Leasehold (94 years)
Ground Rent: £50 per year
Service Charge: £2,000 per year

Agent Details

Eldridge Estates, London

020 4572 5055

Next Steps?

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