3 Bed Flat, Single Let, London, SE18 3QX, £220,000

Barnfield Gardens , Plumstead Common Road, Plumstead, SE18 3QX - 4 views - 4 months ago

Sold STC

Leasehold

BTL

ROI: 15%

~93 m²

+13 photos

ValuationUndervalued

Sold Prices	£190K - £620K
Sold Prices/m²	£2.3K/m² - £7K/m²

Square Metres	~93 m²
Price/m²	£2.4K/m²
Value Estimate	£266,200£266,200
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£55,000£55,000
Stamp Duty & Legal Fees	£7,800£7,800
Total Cash In	£62,800£62,800

Cash Out
Rent Range	£1,645 - £8,000£1,645 - £8,000
Rent Estimate	£1,850
Running Costs/mo	£1,078£1,078
Cashflow/mo	£773£773
Cashflow/yr	£9,270£9,270
ROI	15%15%
Gross Yield	10%10%

Local Sold Prices

25 sold prices from £190K to £620K, average is £300K. £2.3K/m² to £7K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£240K	05/23	0.07 mi	Flat 2, Macallister House, Wrottesley Road, London, Greater London SE18 3UB	-	-	3	Flat
£190K	10/23	0.12 mi	Flat 27, Rixon House, Barnfield Road, London, Greater London SE18 3TX	-	-	3	Flat
£276.5K	01/21	0.69 mi	60, Jessup Close, London, Greater London SE18 7HB	£3,372	82	3	Flat
£450K	06/23	0.87 mi	Flat 172, Building 22, Cadogan Road, London, Greater London SE18 6YN	-	-	3	Flat
£280K	11/21	0.94 mi	Flat 16b, Biddulph House, Rideout Street, London, Greater London SE18 5EU	-	-	3	Flat
£595.4K	04/23	0.98 mi	Flat 27, Building 47, Marlborough Road, London, Greater London SE18 6RU	-	-	3	Flat
£620K	11/20	0.98 mi	Flat 19, Building 47, Marlborough Road, London, Greater London SE18 6RU	-	-	3	Flat
£615K	05/23	0.98 mi	Flat 34, Building 47, Marlborough Road, London, Greater London SE18 6RU	-	-	3	Flat
£600K	01/23	1 mi	Flat 19, Building 49, Argyll Road, London, Greater London SE18 6XB	-	-	3	Flat
£218K	12/20	1.05 mi	133a, Swingate Lane, London, Greater London SE18 2BZ	£3,159	69	3	Flat
£390K	06/21	1.18 mi	Flat 14, Hurricane House, Gunyard Mews, London, Greater London SE18 4GE	-	-	3	Flat
£275K	05/23	1.42 mi	16, Gatling Road, London, Greater London SE2 0RF	£5,612	49	3	Flat
£236K	04/21	1.42 mi	16a, Gatling Road, London, Greater London SE2 0RF	£3,933	60	3	Flat
£282.5K	10/20	1.45 mi	14, Bellegrove Close, Welling, Greater London DA16 3RG	£4,956	57	3	Flat
£510K	01/23	1.52 mi	142, Grangehill Road, London, Greater London SE9 1SG	£6,538	78	3	Flat
£540K	03/23	1.55 mi	26, The Heights, London, Greater London SE7 8JH	£7,013	77	3	Flat
£280K	05/23	1.63 mi	Flat 40, Gooding House, Valley Grove, London, Greater London SE7 8AT	-	-	3	Flat
£294K	12/22	1.71 mi	12, Elm Tree Court, London, Greater London SE7 7DP	£4,742	62	3	Flat
£450K	08/23	1.72 mi	149d, Victoria Way, Charlton, London, Greater London SE7 7NX	£4,245	106	3	Flat
£300K	03/23	1.74 mi	Flat 17, Mascalls Court, Victoria Way, Charlton, London, Greater London SE7 7TX	-	-	3	Flat
£300K	11/22	1.75 mi	3, Cherry Tree Court, London, Greater London SE7 7DX	£4,688	64	3	Flat
£350K	03/21	1.88 mi	11, Atlas Gardens, London, Greater London SE7 7TB	£3,868	90	3	Flat
£475K	09/23	1.88 mi	75, Inverine Road, London, Greater London SE7 7NJ	£6,786	70	3	Flat
£486K	11/20	1.88 mi	3, The Birches, London, Greater London SE7 7PB	£7,043	69	3	Flat
£200K	09/21	1.95 mi	11a, Falconwood Parade, Welling, Greater London DA16 2PL	£2,326	86	3	Flat

Local Rents

50 rents from £1.6K/mo to £8K/mo, average is £2.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	04/25	0.06 mi	-	3	Flat
£2,000	09/24	0.14 mi	Wrottesley Road, London, SE18	3	Flat
£1,800	09/24	0.14 mi	-	3	Flat
£2,118	12/24	0.19 mi	-	3	Terraced House
£2,118	01/25	0.19 mi	-	3	Terraced House
£2,300	08/24	0.22 mi	Kirk Lane London SE18	3	Semi-Detached House
£2,100	03/25	0.22 mi	-	3	Terraced House
£2,000	04/25	0.22 mi	-	3	Terraced House
£2,750	08/24	0.23 mi	Brookhill Road, Woolwich, SE18	3	Flat
£2,200	08/24	0.24 mi	Dallin Road, Shooters Hill, London SE18 3NY	3	Terraced House
£2,000	08/24	0.24 mi	Kirk Lane, Plumstead, London	3	Terraced House
£2,750	08/24	0.24 mi	Brookhill Road, Woolwich, London, SE18	3	Flat
£2,600	08/24	0.24 mi	Brookhill Road, Woolwich, London SE18	3	Flat
£2,600	08/24	0.26 mi	Brookhill Road, Woolwich, SE18	3	Flat
£2,500	08/24	0.26 mi	Nightingale Vale, London	3	Flat
£3,000	08/24	0.26 mi	Burrage Place, London, SE18	3	Semi-Detached House
£2,400	04/25	0.31 mi	-	3	Flat
£1,645	04/25	0.32 mi	-	3	Flat
£2,200	08/24	0.34 mi	St. Johns Terrace, London, SE18	3	Terraced House
£2,300	08/24	0.37 mi	-	3	Terraced House
£2,400	08/24	0.37 mi	Olven Road, London, SE18	3	Flat
£1,950	08/24	0.37 mi	Olven Road, Plumstead, London SE18	3	Terraced House
£2,100	08/24	0.37 mi	St. Johns Terrace London SE18	3	Terraced House
£1,850	08/24	0.38 mi	Conduit Road, SE18	3	Detached House
£1,950	08/24	0.38 mi	Conduit Road, Woolwich, SE18 7AJ	3	Flat
£2,200	08/24	0.38 mi	Cantwell Road, London, SE18	3	Terraced House
£1,900	04/25	0.39 mi	-	3	Flat
£2,700	08/24	0.4 mi	Macoma Road, Plumstead, London, SE18 2QW	3	Terraced House
£2,200	08/24	0.41 mi	Ashridge Crescent, Shooters Hill, SE18	3	Semi-Detached House
£2,100	08/24	0.42 mi	Moordown, Shooters Hill, London, SE18 3LY	3	Terraced House
£2,500	08/24	0.43 mi	-	3	Terraced House
£2,150	08/24	0.44 mi	Condover Crescent, London, SE18	3	Semi-Detached House
£1,700	08/24	0.44 mi	Bramblebury Road, Plumstead	3	House
£2,200	08/24	0.45 mi	Tuam Road, London	3	Terraced House
£2,750	12/24	0.45 mi	-	3	Terraced House
£2,200	04/25	0.48 mi	-	3	Terraced House
£1,950	08/24	0.48 mi	-	3	Terraced House
£2,500	08/24	0.48 mi	The Fire Chief Cottage, London SE18	3	Flat
£2,500	03/25	0.48 mi	The Fire Chief Cottage, London SE18	3	House
£2,200	08/24	0.49 mi	ANKERDINE CRESCENT, Woolwich, London, SE18	3	Terraced House
£2,497	03/25	0.54 mi	-	3	Terraced House
£2,150	04/25	0.55 mi	-	3	Terraced House
£2,500	11/24	0.56 mi	-	3	Terraced House
£2,500	04/25	0.57 mi	-	3	Terraced House
£2,000	08/24	0.58 mi	-	3	Terraced House
£3,000	08/24	0.58 mi	Wellesley Road, London, SE18	3	House
£8,000	09/24	0.58 mi	-	3	Flat
£2,400	08/24	0.58 mi	Fenn Mansions, Love Lane, Woolwich, SE18	3	Flat
£2,900	08/24	0.59 mi	Wellesley Road, Woolwich, SE18	3	Flat
£3,000	08/24	0.59 mi	Wellesley Road London SE18	3	House

Local Area Statistics

Population in SE18	75,84075,840
Population in London	4,771,9214,771,921
Town centre distance	8.27 miles away8.27 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.66 miles away0.66 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 £220,000

January 3, 2025

Description

First Floor Flat +
Three Double Bedrooms +
Gas Central Heating +
Double Glazed +
Close to Woolwich Rail Links +
Ex Local Authority Flat +
Lease 115 Years +
Early Viewing Recommend +

This well-situated first-floor apartment in a purpose-built block offers convenient access to local amenities, making it an ideal home for commuters or those seeking proximity to urban conveniences. The layout includes an entrance hall that leads into a cozy lounge, a functional kitchen, three bedrooms, and a bathroom, catering well to family living or shared accommodations. Key benefits of this property include gas central heating (not tested) and double glazing, enhancing comfort and energy efficiency. Located just a 20-minute walk from Woolwich Town Centre, residents have easy access to Woolwich Arsenal Train and DLR Stations, as well as the newElizabeth Line, broadening the commuting options significantly. This proximity to major transport links, combined with local shopping and bus routes, positions the apartment perfectly for both convenience and accessibility. This apartment represents a fantastic opportunity for those looking to live near central transport hubs and enjoy the benefits of a vibrant community setting.

Agent Details

hi-residential, South East London

020 3835 4427

Next Steps?

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

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