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

6 Victory Parade, Plumstead Road, Royal Arsenal, Woolwich, London The Metropolis[8], SE18 6FN - 1 views - 3 months ago

Leasehold
Motivated
BTL
~93 m²
+11 photos

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

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Total Cash In

£186,700

 

 

Cash Out

 

Rent Range

£1,850 - £8,000

Rent Estimate

£1,950

Running Costs/mo

£2,285

Cashflow/mo

£-335

Cashflow/yr

£-4,020

Gross Yield

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.

PriceDateDistanceAddressBeds 
£450K06/230.14 miFlat 172, Building 22, Cadogan Road, London, Greater London SE18 6YN3
£276.5K01/210.18 mi60, Jessup Close, London, Greater London SE18 7HB3
£595.4K04/230.25 miFlat 27, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£620K11/200.25 miFlat 19, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£615K05/230.25 miFlat 34, Building 47, Marlborough Road, London, Greater London SE18 6RU3
£600K01/230.29 miFlat 19, Building 49, Argyll Road, London, Greater London SE18 6XB3
£280K11/210.77 miFlat 16b, Biddulph House, Rideout Street, London, Greater London SE18 5EU3
£240K05/230.8 miFlat 2, Macallister House, Wrottesley Road, London, Greater London SE18 3UB3
£190K10/230.85 miFlat 27, Rixon House, Barnfield Road, London, Greater London SE18 3TX3
£275K05/231.49 mi16, Gatling Road, London, Greater London SE2 0RF3
£236K04/211.49 mi16a, Gatling Road, London, Greater London SE2 0RF3
£218K12/201.5 mi133a, Swingate Lane, London, Greater London SE18 2BZ3
£390K06/211.6 miFlat 14, Hurricane House, Gunyard Mews, London, Greater London SE18 4GE3
£540K03/231.64 mi26, The Heights, London, Greater London SE7 8JH3
£280K05/231.65 miFlat 40, Gooding House, Valley Grove, London, Greater London SE7 8AT3
£350K03/211.73 mi11, Atlas Gardens, London, Greater London SE7 7TB3
£650K04/231.76 mi203, Barrier Point Road, London, Greater London E16 2SF3
£770K03/211.79 mi154, Barrier Point Road, London, Greater London E16 2SE3
£255K10/201.8 mi258, Bostall Lane, London, Greater London SE2 0QU3
£450K08/231.84 mi149d, Victoria Way, Charlton, London, Greater London SE7 7NX3
£300K03/231.9 miFlat 17, Mascalls Court, Victoria Way, Charlton, London, Greater London SE7 7TX3
£294K12/221.91 mi12, Elm Tree Court, London, Greater London SE7 7DP3
£475K09/231.92 mi75, Inverine Road, London, Greater London SE7 7NJ3
£300K11/221.94 mi3, Cherry Tree Court, London, Greater London SE7 7DX3
£486K11/201.96 mi3, The Birches, London, Greater London SE7 7PB3

Local Rents

48 rents from £1.9K/mo to £8K/mo, average is £2.7K/mo.

RentDateDistanceAddressBeds 
£2,56508/240 miNAVAL HOUSE, VICTORY PARADE, Woolwich, London, SE183
£2,70002/240.01 mi-3
£2,80008/240.01 miCompton House, Woolwich Riverside, London, SE183
£2,90008/240.02 miVictory Parade, London, SE183
£3,50003/250.02 mi-3
£2,90008/240.03 miVictory Parade, Plumstead Road, SE183
£2,90008/240.03 mi, Compton House, 7 Victory Parade, Plumstead Road, London3
£2,80008/240.04 miCompton House, 7 Victory Parade, Plumstead Road, SE183
£2,95008/240.08 miRoyal Carriage Mews, Woolwich, London, SE183
£3,15008/240.08 miDuncombe House, 15 Victory Parade, London, SE183
£3,65008/240.13 miWindsor Square, Woolwich, London, SE183
£2,95008/240.13 miNaval House, Woolwich Riverside, London, SE183
£2,75008/240.13 miThunderer Walk, Woolwich, London, SE183
£2,25008/240.14 miBuilding 22, Cadogan Road, Royal Arsenal SE183
£2,20008/240.14 miBuilding 22, Cadogan Road, Royal Arsenal SE183
£2,60009/240.14 miCadogan Road, London, SE183
£3,10002/240.15 mi-3
£3,77502/250.15 mi-3
£2,98503/250.15 mi-3
£3,40008/240.16 miBrigadier Walk, Royal Arsenal Riverside, SE183
£2,30008/240.17 miBuilding 22, Woolwich Riverside, London, SE183
£2,35008/240.19 miGreens End, Woolwich, SE183
£3,30003/250.21 mi-3
£2,65008/240.22 miLove Lane, Woolwich, London, SE183
£2,11508/240.23 miMaxey Road, Woolwich, London, SE183
£2,49909/240.23 mi-3
£2,49909/240.23 miThe Vista Building, London, SE183
£3,05011/240.26 mi-3
£2,50008/240.27 miThe Vista Building, Woolwich, London, SE183
£2,65008/240.27 miThe Vista Building, Woolwich, SE183
£3,50008/240.27 miBuilding 48, Marlborough Road, Woolwich, London, SE183
£2,65008/240.27 miCalderwood Street, London3
£3,60008/240.28 miBuilding 48, Woolwich Riverside, London, SE183
£1,95008/240.29 mi-3
£1,89011/240.29 mi-3
£2,70010/240.29 mi-3
£2,75012/240.3 mi-3
£2,40008/240.31 miFenn Mansions, Love Lane, Woolwich, SE183
£2,50008/240.31 mi-3
£2,25008/240.31 miBuilding 50, Woolwich, London, SE183
£3,50008/240.32 mi-3
£8,00009/240.33 mi-3
£2,05001/250.33 mi-3
£2,00008/240.34 mi-3
£1,95008/240.36 miConduit Road, Woolwich, SE18 7AJ3
£1,85008/240.37 miConduit Road, SE183
£2,80008/240.37 miWeston Point, London, SE183
£3,00002/240.37 mi-3

Local Area Statistics

Population in SE18

75,840

Population in London

4,771,921

Town centre distance

8.01 miles away

Nearest school

0.30 miles away

Nearest train station

0.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-8%

Sales demand

Balanced market

Capital growth (5yrs)

+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.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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