4 Bed HMO, London, SE18 1HH £500,000

St. Nicholas Road, Plumstead, London, SE18 1HH - 18 views - 10 months ago
Sold STC
HMO
ROI: 4%
~133 m²
Property image

ValuationUndervalued

Sold Prices£400K - £700K
Sold Prices/m²£3.9K/m² - £6.3K/m²

 

 

Square Metres

~132.56 m²
Price/m²£3.8K/m²

Value Estimate

£598,364
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£41,200

Total Cash In

£166,200

 

 

Cash Out

 

Room Rate

£850

Gross Rent

£3,400

Running Costs/mo

£2,827

Cashflow/mo

£573

Cashflow/yr

£6,879

ROI

4%

Gross Yield

8%

Local Sold Prices

34 sold prices from £400K to £700K, average is £492.5K. £3.9K/m² to £6.3K/m², average is £4.8K/m².

Price
Date
Distance
Address
Beds
 
£400K06/210.16 mi109, Brookdene Road, London, Greater London SE18 1EH4
£485K11/240.25 mi14, Birkdale Road, London SE2 9HX4
£500K07/250.26 mi1, Tynemouth Road, London SE18 1PH4
£485K11/240.26 mi14, Birkdale Road, London, Greater London SE2 9HX4
£527K03/250.28 mi62, Blithdale Road, London SE2 9HJ4
£527K03/250.28 mi62, Blithdale Road, London SE2 9HJ4
£442.5K09/210.31 mi33, Bastion Road, London, Greater London SE2 0RH4
£593K07/250.39 mi52, Howarth Road, London SE2 0UN4
£700K02/220.41 mi140, Rochdale Road, London, Greater London SE2 0UR4
£605K05/250.46 mi182, Lakedale Road, London SE18 1PU4
£605K05/250.46 mi182, Lakedale Road, London SE18 1PU4
£532.2K05/210.65 mi77, Griffin Road, Plumstead, London, Greater London SE18 7QE4
£409K06/210.74 mi153, Mcleod Road, London, Greater London SE2 0BN4
£420K06/210.74 mi106, Woodbrook Road, London, Greater London SE2 0PA4
£415K05/210.74 mi35, Majendie Road, London, Greater London SE18 7QB4
£425K09/210.78 mi153, Woodbrook Road, London, Greater London SE2 0PB4
£550K04/230.78 mi159, Woodbrook Road, London, Greater London SE2 0PB4
£570K02/230.78 mi44, Abbey Grove, Abbey Wood, London, Greater London SE2 9EX4
£536K08/230.79 mi73, Greening Street, London, Greater London SE2 0LY4
£600K06/210.8 mi258, Plumstead Common Road, London, Greater London SE18 2RT4
£458K07/250.82 mi9, Avocet Mews, Thamesmead SE28 0DA4
£570K11/240.86 mi21, Erindale, London SE18 2QH4
£475K06/230.89 mi117, Garland Road, London, Greater London SE18 2PL4
£575K02/230.91 mi302, Upper Wickham Lane, Welling, Greater London DA16 3ER4
£436.5K10/230.92 mi6, Kentlea Road, London SE28 0JP4
£436.5K10/230.92 mi6, Kentlea Road, London SE28 0JP4
£531K06/250.93 mi42, Chelsworth Drive, Plumstead SE18 2RA4
£550K09/210.93 mi40, Macoma Road, London, Greater London SE18 2QP4
£422K05/230.93 mi39, Vicarage Park, London, Greater London SE18 7SU4
£440K08/240.94 mi169, Flaxton Road, Plumstead SE18 2ER4
£615K09/210.96 mi3, Chelsworth Drive, London, Greater London SE18 2RB4
£470K04/230.96 mi47, Chelsworth Drive, Plumstead, London, Greater London SE18 2RB4
£415K08/240.98 mi142, Warland Road, London SE18 2ET4
£445K07/230.98 mi100, Battery Road, London, Greater London SE28 0JQ4

Local Area Statistics

Population in SE18

75,840

Population in London

4,771,921

Town centre distance

9.29 miles away

Nearest school

0.10 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £500,000

December 23, 2024

Floor Plans

Property image

Description

  • 14' Reception Room +
  • 2nd Reception Room/Bedroom 5 +
  • 23' Kitchen/Breakfast Room +
  • 1st Floor Bathroom +
  • Ground Floor Shower Room +
  • No Chain +

* Guide Price £500,000 - £550,000 *

An excellent quality 4/5 bedroom double bedroom period home that offers versatility and a great opportunity to First Time Buyers, Families and Investors.
Located within moments from Plumstead High Street, Mainline Station and is just a short bus ride into Woolwich giving access to the Elizabeth Line and DLR.
The ground floor of this chain free home comprises spacious entrance hall, a bay fronted reception room and a further reception room that could be used a fifth bedroom. There is also a large kitchen dining room that gives access to a Ground Floor Shower Room and a well presented and well stocked low maintenance rear Garden.
The 1st floor has three bedrooms, a modern fitted family bathroom and split level landing that has a further stairway leading to the top floor bedroom.
Measuring 141.38 sq m / 1.522 sq ft, it’s previous use as a HMO with an income of £3,400pm, means that this substantial property is very well suited to an investor.

Key Terms
Please note that the sale of the property is subject to the current tenancy ending.

Please note that the seller informs us that this property is in a conservation area.

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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