3 Bed Flat, Motivated Seller, London, SE18 6FN, £600,000





ValuationOvervalued
Sold Prices | £190K - £770K |
Sold Prices/m² | £3.2K/m² - £7K/m² |
| |
Square Metres | ~93 m² |
Price/m² | £6.5K/m² |
Value Estimate | £435,938£435,938 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £150,000£150,000 |
Stamp Duty & Legal Fees | £36,700£36,700 |
Total Cash In | £186,700£186,700 |
| |
Cash Out | |
Rent Range | £1,850 - £8,000£1,850 - £8,000 |
Rent Estimate | £1,950 |
Running Costs/mo | £2,285£2,285 |
Cashflow/mo | £-335£-335 |
Cashflow/yr | £-4,020£-4,020 |
Gross Yield | 4%4% |
Local Sold Prices
25 sold prices from £190K to £770K, average is £350K. £3.2K/m² to £7K/m², average is £4.7K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£450K | 06/23 | 0.14 mi | Flat 172, Building 22, Cadogan Road, London, Greater London SE18 6YN | - | - | 3 | Flat | |
£276.5K | 01/21 | 0.18 mi | 60, Jessup Close, London, Greater London SE18 7HB | £3,372 | 82 | 3 | Flat | |
£595.4K | 04/23 | 0.25 mi | Flat 27, Building 47, Marlborough Road, London, Greater London SE18 6RU | - | - | 3 | Flat | |
£620K | 11/20 | 0.25 mi | Flat 19, Building 47, Marlborough Road, London, Greater London SE18 6RU | - | - | 3 | Flat | |
£615K | 05/23 | 0.25 mi | Flat 34, Building 47, Marlborough Road, London, Greater London SE18 6RU | - | - | 3 | Flat | |
£600K | 01/23 | 0.29 mi | Flat 19, Building 49, Argyll Road, London, Greater London SE18 6XB | - | - | 3 | Flat | |
£280K | 11/21 | 0.77 mi | Flat 16b, Biddulph House, Rideout Street, London, Greater London SE18 5EU | - | - | 3 | Flat | |
£240K | 05/23 | 0.8 mi | Flat 2, Macallister House, Wrottesley Road, London, Greater London SE18 3UB | - | - | 3 | Flat | |
£190K | 10/23 | 0.85 mi | Flat 27, Rixon House, Barnfield Road, London, Greater London SE18 3TX | - | - | 3 | Flat | |
£275K | 05/23 | 1.49 mi | 16, Gatling Road, London, Greater London SE2 0RF | £5,612 | 49 | 3 | Flat | |
£236K | 04/21 | 1.49 mi | 16a, Gatling Road, London, Greater London SE2 0RF | £3,933 | 60 | 3 | Flat | |
£218K | 12/20 | 1.5 mi | 133a, Swingate Lane, London, Greater London SE18 2BZ | £3,159 | 69 | 3 | Flat | |
£390K | 06/21 | 1.6 mi | Flat 14, Hurricane House, Gunyard Mews, London, Greater London SE18 4GE | - | - | 3 | Flat | |
£540K | 03/23 | 1.64 mi | 26, The Heights, London, Greater London SE7 8JH | £7,013 | 77 | 3 | Flat | |
£280K | 05/23 | 1.65 mi | Flat 40, Gooding House, Valley Grove, London, Greater London SE7 8AT | - | - | 3 | Flat | |
£350K | 03/21 | 1.73 mi | 11, Atlas Gardens, London, Greater London SE7 7TB | £3,868 | 90 | 3 | Flat | |
£650K | 04/23 | 1.76 mi | 203, Barrier Point Road, London, Greater London E16 2SF | £6,915 | 94 | 3 | Flat | |
£770K | 03/21 | 1.79 mi | 154, Barrier Point Road, London, Greater London E16 2SE | £6,016 | 128 | 3 | Flat | |
£255K | 10/20 | 1.8 mi | 258, Bostall Lane, London, Greater London SE2 0QU | £3,188 | 80 | 3 | Flat | |
£450K | 08/23 | 1.84 mi | 149d, Victoria Way, Charlton, London, Greater London SE7 7NX | £4,245 | 106 | 3 | Flat | |
£300K | 03/23 | 1.9 mi | Flat 17, Mascalls Court, Victoria Way, Charlton, London, Greater London SE7 7TX | - | - | 3 | Flat | |
£294K | 12/22 | 1.91 mi | 12, Elm Tree Court, London, Greater London SE7 7DP | £4,742 | 62 | 3 | Flat | |
£475K | 09/23 | 1.92 mi | 75, Inverine Road, London, Greater London SE7 7NJ | £6,786 | 70 | 3 | Flat | |
£300K | 11/22 | 1.94 mi | 3, Cherry Tree Court, London, Greater London SE7 7DX | £4,688 | 64 | 3 | Flat | |
£486K | 11/20 | 1.96 mi | 3, The Birches, London, Greater London SE7 7PB | £7,043 | 69 | 3 | Flat |
Local Rents
48 rents from £1.9K/mo to £8K/mo, average is £2.7K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£2,565 | 08/24 | 0 mi | NAVAL HOUSE, VICTORY PARADE, Woolwich, London, SE18 | 3 | Flat | |
£2,700 | 02/24 | 0.01 mi | - | 3 | Flat | |
£2,800 | 08/24 | 0.01 mi | Compton House, Woolwich Riverside, London, SE18 | 3 | Flat | |
£2,900 | 08/24 | 0.02 mi | Victory Parade, London, SE18 | 3 | Flat | |
£3,500 | 03/25 | 0.02 mi | - | 3 | Flat | |
£2,900 | 08/24 | 0.03 mi | Victory Parade, Plumstead Road, SE18 | 3 | Flat | |
£2,900 | 08/24 | 0.03 mi | , Compton House, 7 Victory Parade, Plumstead Road, London | 3 | Flat | |
£2,800 | 08/24 | 0.04 mi | Compton House, 7 Victory Parade, Plumstead Road, SE18 | 3 | Flat | |
£2,950 | 08/24 | 0.08 mi | Royal Carriage Mews, Woolwich, London, SE18 | 3 | Flat | |
£3,150 | 08/24 | 0.08 mi | Duncombe House, 15 Victory Parade, London, SE18 | 3 | Flat | |
£3,650 | 08/24 | 0.13 mi | Windsor Square, Woolwich, London, SE18 | 3 | Flat | |
£2,950 | 08/24 | 0.13 mi | Naval House, Woolwich Riverside, London, SE18 | 3 | Flat | |
£2,750 | 08/24 | 0.13 mi | Thunderer Walk, Woolwich, London, SE18 | 3 | Flat | |
£2,250 | 08/24 | 0.14 mi | Building 22, Cadogan Road, Royal Arsenal SE18 | 3 | Flat | |
£2,200 | 08/24 | 0.14 mi | Building 22, Cadogan Road, Royal Arsenal SE18 | 3 | Flat | |
£2,600 | 09/24 | 0.14 mi | Cadogan Road, London, SE18 | 3 | Flat | |
£3,100 | 02/24 | 0.15 mi | - | 3 | Flat | |
£3,775 | 02/25 | 0.15 mi | - | 3 | Flat | |
£2,985 | 03/25 | 0.15 mi | - | 3 | Flat | |
£3,400 | 08/24 | 0.16 mi | Brigadier Walk, Royal Arsenal Riverside, SE18 | 3 | Flat | |
£2,300 | 08/24 | 0.17 mi | Building 22, Woolwich Riverside, London, SE18 | 3 | Flat | |
£2,350 | 08/24 | 0.19 mi | Greens End, Woolwich, SE18 | 3 | Flat | |
£3,300 | 03/25 | 0.21 mi | - | 3 | Flat | |
£2,650 | 08/24 | 0.22 mi | Love Lane, Woolwich, London, SE18 | 3 | Flat | |
£2,115 | 08/24 | 0.23 mi | Maxey Road, Woolwich, London, SE18 | 3 | Terraced House | |
£2,499 | 09/24 | 0.23 mi | - | 3 | Flat | |
£2,499 | 09/24 | 0.23 mi | The Vista Building, London, SE18 | 3 | Flat | |
£3,050 | 11/24 | 0.26 mi | - | 3 | Terraced House | |
£2,500 | 08/24 | 0.27 mi | The Vista Building, Woolwich, London, SE18 | 3 | Flat | |
£2,650 | 08/24 | 0.27 mi | The Vista Building, Woolwich, SE18 | 3 | Flat | |
£3,500 | 08/24 | 0.27 mi | Building 48, Marlborough Road, Woolwich, London, SE18 | 3 | Flat | |
£2,650 | 08/24 | 0.27 mi | Calderwood Street, London | 3 | Flat | |
£3,600 | 08/24 | 0.28 mi | Building 48, Woolwich Riverside, London, SE18 | 3 | Flat | |
£1,950 | 08/24 | 0.29 mi | - | 3 | Terraced House | |
£1,890 | 11/24 | 0.29 mi | - | 3 | Flat | |
£2,700 | 10/24 | 0.29 mi | - | 3 | Flat | |
£2,750 | 12/24 | 0.3 mi | - | 3 | Terraced House | |
£2,400 | 08/24 | 0.31 mi | Fenn Mansions, Love Lane, Woolwich, SE18 | 3 | Flat | |
£2,500 | 08/24 | 0.31 mi | - | 3 | Terraced House | |
£2,250 | 08/24 | 0.31 mi | Building 50, Woolwich, London, SE18 | 3 | Flat | |
£3,500 | 08/24 | 0.32 mi | - | 3 | House | |
£8,000 | 09/24 | 0.33 mi | - | 3 | Flat | |
£2,050 | 01/25 | 0.33 mi | - | 3 | Terraced House | |
£2,000 | 08/24 | 0.34 mi | - | 3 | Terraced House | |
£1,950 | 08/24 | 0.36 mi | Conduit Road, Woolwich, SE18 7AJ | 3 | Flat | |
£1,850 | 08/24 | 0.37 mi | Conduit Road, SE18 | 3 | Detached House | |
£2,800 | 08/24 | 0.37 mi | Weston Point, London, SE18 | 3 | Flat | |
£3,000 | 02/24 | 0.37 mi | - | 3 | Flat |
Local Area Statistics
Population in SE18 | 75,84075,840 |
Population in London | 4,771,9214,771,921 |
Town centre distance | 8.01 miles away8.01 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 0.04 miles away0.04 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 £600,000
January 6, 2025
Floor Plans

Description
- Council Tax band D, Leasehold 999 years from 1 February 2001 +
- We have been told Ground Rent is £450 per year, Service Charge £4,929 per year +
- EWS1 COMPLIANT - B1 RATING +
- Open Plan Living Space +
- Two Bathrooms +
- 24 Hour Concierge, Underground Parking +
- Onsite Gym +
- Views of the Thames and Canary Wharf +
- Convenient Location +
- Viewing Advised +
Three bedroom apartment in Naval House located in the desired Royal Arsenal development.
Royal Arsenal Riverside is one of London's premier riverside developments. The apartment offers 3 balconies with views of the Thames and Canary Wharf, underground parking and a concierge. An opportunity not to be missed.
This modern three bedroom apartment is located in London in the desired Royal Arsenal development which links to the DLR, National Rail & the River Bus. There is also a 24 hour concierge and security service for extra peace of mind along with an onsite gym, pub and restaurant and Tesco Express.
The accommodation briefly comprises a welcoming entrance way, a spacious open plan living room, dining room and kitchen with floor to ceiling windows and balcony. Off the hallway are three well-proportioned bedrooms with the master having a balcony and an en-suite shower room and one room also having a balcony. A three-piece bathroom.
Externally, the property benefits from underground parking and a concierge.
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.
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