2 Bed Flat, Single Let, London, SE18 6FW, £450,000

Victory Parade,London,SE18 6FW - a month ago

Leasehold

BTL

~68 m²

+15 photos

ValuationOvervalued

Sold Prices	£108.5K - £700K
Sold Prices/m²	£4K/m² - £5.9K/m²

Square Metres	~68.11 m²
Price/m²	£6.6K/m²
Value Estimate	£348,762£348,762

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£33,700£33,700
Total Cash In	£146,200£146,200

Cash Out
Rent Range	£1,300 - £2,988£1,300 - £2,988
Rent Estimate	£1,738
Running Costs/mo	£1,774£1,774
Cashflow/mo	£-36£-36
Cashflow/yr	£-430£-430
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £108.5K to £700K, average is £389K. £4K/m² to £5.9K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£450K	02/21	0.14 mi	Flat 364, Building 22, Cadogan Road, London, Greater London SE18 6YR	-	-	2	Flat
£417.5K	03/21	0.14 mi	Flat 306, Building 22, Cadogan Road, London, Greater London SE18 6YR	-	-	2	Flat
£390K	09/21	0.14 mi	Flat 103, Building 22, Cadogan Road, London, Greater London SE18 6YS	-	-	2	Flat
£120K	06/23	0.14 mi	Flat 67, Building 22, Cadogan Road, London, Greater London SE18 6YS	-	-	2	Flat
£430K	07/23	0.14 mi	Flat 120, Building 22, Cadogan Road, London, Greater London SE18 6YL	-	-	2	Flat
£700K	11/20	0.16 mi	Apartment 4, Foundry House, Arsenal Way, London, Greater London SE18 6TE	-	-	2	Flat
£575K	06/21	0.19 mi	Flat 2, Building 37, Cadogan Road, London, Greater London SE18 6RB	-	-	2	Flat
£420K	10/23	0.2 mi	Flat 96, Building 45, Hopton Road, London, Greater London SE18 6TJ	-	-	2	Flat
£560K	11/21	0.22 mi	Flat 57, Building 36, Marlborough Road, London, Greater London SE18 6XD	-	-	2	Flat
£220K	01/21	0.23 mi	Flat 211, Maritime House, Greens End, London, Greater London SE18 6HB	-	-	2	Flat
£240.5K	10/20	0.23 mi	Flat 604, Maritime House, Greens End, London, Greater London SE18 6HB	£4,008	60	2	Flat
£197K	06/21	0.24 mi	Flat 15, Bingham Point, Wilmount Street, London, Greater London SE18 6RJ	-	-	2	Flat
£542.5K	07/23	0.24 mi	Flat 168, Building 45, Hopton Road, London, Greater London SE18 6TL	-	-	2	Flat
£460K	02/23	0.24 mi	Flat 160, Building 45, Hopton Road, London, Greater London SE18 6TL	-	-	2	Flat
£487.5K	11/20	0.24 mi	Flat 162, Building 45, Hopton Road, London, Greater London SE18 6TL	-	-	2	Flat
£485K	02/23	0.24 mi	Flat 143, Building 45, Hopton Road, London, Greater London SE18 6TL	-	-	2	Flat
£440K	05/21	0.27 mi	Flat 31, Building 49, Argyll Road, London, Greater London SE18 6XB	-	-	2	Flat
£450K	03/21	0.27 mi	Flat 29, Building 49, Argyll Road, London, Greater London SE18 6XB	-	-	2	Flat
£450K	09/23	0.27 mi	Flat 22, Building 49, Argyll Road, London, Greater London SE18 6XB	-	-	2	Flat
£567.5K	06/23	0.27 mi	Flat 4, Building 49, Argyll Road, London, Greater London SE18 6XB	-	-	2	Flat
£580K	02/23	0.28 mi	Flat 33, Building 49, Argyll Road, London, Greater London SE18 6XB	-	-	2	Flat
£300K	12/20	0.28 mi	13, Invermore Place, London, Greater London SE18 7DJ	£4,000	75	2	Flat
£440K	05/21	0.28 mi	Apartment 194, Building 50, Argyll Road, London, Greater London SE18 6PL	-	-	2	Flat
£405K	09/21	0.28 mi	Apartment 296, Building 50, Argyll Road, London, Greater London SE18 6PP	-	-	2	Flat
£455K	07/23	0.28 mi	Apartment 27, Building 50, Argyll Road, London, Greater London SE18 6PG	-	-	2	Flat
£467.5K	11/21	0.28 mi	Apartment 209, Building 50, Argyll Road, London, Greater London SE18 6PL	-	-	2	Flat
£485K	04/21	0.28 mi	Apartment 126, Building 50, Argyll Road, London, Greater London SE18 6PJ	-	-	2	Flat
£450K	03/23	0.28 mi	Apartment 69, Building 50, Argyll Road, London, Greater London SE18 6PG	-	-	2	Flat
£307.5K	04/21	0.29 mi	Flat 5, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD	-	-	2	Flat
£308K	01/23	0.29 mi	Flat 8, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD	-	-	2	Flat
£313K	01/23	0.29 mi	Flat 12, Paddle Steamer House, Pettacre Close, London, Greater London SE28 0PD	£4,639	67	2	Flat
£330K	06/23	0.31 mi	75, Pettacre Close, London, Greater London SE28 0BX	£5,893	56	2	Flat
£470K	10/21	0.31 mi	Apartment 193, Building 50, Argyll Road, London, Greater London SE18 6PL	-	-	2	Flat
£465K	04/23	0.31 mi	Apartment 223, Building 50, Argyll Road, London, Greater London SE18 6PL	-	-	2	Flat
£330K	11/22	0.31 mi	52, Pettacre Close, London, Greater London SE28 0GX	£5,238	63	2	Flat
£340K	12/22	0.32 mi	119, Erebus Drive, London, Greater London SE28 0GB	£5,667	60	2	Flat
£325K	10/22	0.33 mi	16, Pettacre Close, London, Greater London SE28 0AR	£5,702	57	2	Flat
£325K	06/23	0.34 mi	Flat 11, Wilson Court, Allenby Road, London, Greater London SE28 0AL	-	-	2	Flat
£114K	05/21	0.34 mi	Flat 13, Wilson Court, Allenby Road, London, Greater London SE28 0AL	-	-	2	Flat
£322K	11/22	0.34 mi	Flat 7, Wilson Court, Allenby Road, London, Greater London SE28 0AL	-	-	2	Flat
£328.9K	10/22	0.34 mi	Flat 14, Wilson Court, Allenby Road, London, Greater London SE28 0AL	£4,916	67	2	Flat
£282.4K	10/20	0.35 mi	Flat 37, Long Acre House, Pettacre Close, London, Greater London SE28 0PA	-	-	2	Flat
£108.5K	10/22	0.35 mi	Flat 30, Long Acre House, Pettacre Close, London, Greater London SE28 0PA	-	-	2	Flat
£275K	07/23	0.38 mi	Flat 2, Eastgate House, Allenby Road, London, Greater London SE28 0BL	-	-	2	Flat
£368K	07/23	0.43 mi	50a, Frederick Place, Plumstead, London, Greater London SE18 7BH	-	-	2	Flat
£285K	07/23	0.43 mi	40, Garrick Drive, London, Greater London SE28 0EQ	£5,182	55	2	Flat
£388K	03/21	0.45 mi	Flat 1, St James Heights, Burrage Road, London, Greater London SE18 7HH	-	-	2	Flat
£365K	06/21	0.48 mi	Flat 9, Artillery House, Connaught Mews, London, Greater London SE18 6SU	-	-	2	Flat
£265K	06/21	0.49 mi	65, Pier Way, London, Greater London SE28 0GQ	£5,059	52	2	Flat
£314K	11/22	0.49 mi	71, Pier Way, London, Greater London SE28 0GQ	-	-	2	Flat

Local Rents

50 rents from £1.3K/mo to £3K/mo, average is £2.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,200	08/24	0 mi	Duncombe House 15 Victory Parade LONDON SE18	2	Flat
£2,200	08/24	0.01 mi	Duncombe House, Woolwich, SE18	2	Flat
£2,300	08/24	0.01 mi	Duncombe House, Victory Parade, Woolwich, London, SE18	2	Flat
£2,050	04/25	0.02 mi	-	2	Flat
£2,200	08/24	0.02 mi	Duncombe House, Woolwich, London SE18	2	Flat
£2,450	08/24	0.02 mi	Compton House, Woolwich, London, SE18	2	Flat
£2,250	08/24	0.02 mi	Victory Parade, Plumstead Road, SE18	2	Flat
£2,750	08/24	0.02 mi	Plumstead Road, Woolwich, London, SE18	2	Flat
£2,000	08/24	0.02 mi	Compton House, Victory Parade, London, SE18	2	Flat
£2,500	08/24	0.02 mi	Compton House, Royal Arsenal, Woolwich, SE18	2	Flat
£2,300	08/24	0.02 mi	Victory Parade, Plumstead Road London SE18	2	Flat
£2,600	08/24	0.02 mi	Compton House, Victory Parade, Royal Arsenal SE18	2	Flat
£2,600	08/24	0.02 mi	Compton House, Victory Parade, Royal Arsenal SE18	2	Flat
£2,400	09/24	0.02 mi	Compton House,	2	Flat
£2,500	09/24	0.03 mi	-	2	Flat
£2,550	08/24	0.03 mi	Victory Parade, London, SE18	2	Flat
£2,400	09/24	0.04 mi	-	2	Flat
£2,100	01/25	0.04 mi	-	2	Flat
£2,400	08/24	0.04 mi	Naval House, London, SE18	2	Flat
£2,400	08/24	0.04 mi	Naval House, London, SE18	2	Flat
£2,400	08/24	0.04 mi	Naval House, London, SE18	2	Flat
£2,350	08/24	0.04 mi	Naval House, Woolwich, London, SE18	2	Flat
£2,070	08/24	0.04 mi	Victory Parade, Woolwich Riverside, London, SE18	2	Flat
£2,295	08/24	0.04 mi	DUNCOMBE HOUSE, Woolwich, London, SE18	2	Flat
£2,350	08/24	0.04 mi	Duncombe House, Woolwich Riverside, London, SE18	2	Flat
£2,350	08/24	0.04 mi	Duncombe House, Woolwich Riverside, London, SE18	2	Flat
£2,100	08/24	0.04 mi	Duncombe House, Victory Parade, Royal Arsenal SE18	2	Flat
£2,500	08/24	0.04 mi	Royal Arsenal Riverside, Woolwich, SE18	2	Flat
£2,600	08/24	0.04 mi	Duncombe House, Victory Parade, Royal Arsenal SE18	2	Flat
£2,150	08/24	0.04 mi	Naval House, Woolwich Riverside, London, SE18	2	Flat
£2,200	02/24	0.05 mi	-	2	Flat
£2,400	08/24	0.05 mi	-	2	Flat
£2,150	03/25	0.05 mi	-	2	Flat
£2,988	08/24	0.05 mi	Woolwich , London, SE18 6XR	2	Flat
£2,448	08/24	0.05 mi	Cadet House, Royal Arsenal Riverside, Woolwich SE18	2	Flat
£2,400	10/23	0.05 mi	Cadet House, Victory Parade, Royal Arsenal SE18	2	Flat
£2,450	08/24	0.05 mi	Windsor Square, Royal Arsenal Riverside, London, SE18	2	Flat
£2,250	08/24	0.06 mi	Royal Carriage Mews, Woolwich, London, SE18	2	Flat
£2,300	08/24	0.06 mi	Major Draper Street, Woolwich, SE18	2	Flat
£2,150	08/24	0.07 mi	Plumstead Road, Woolwich, London, SE18	2	Flat
£2,249	08/24	0.07 mi	Cadet House, Royal Arsenal Riverside, Woolwich SE18	2	Flat
£2,383	10/23	0.07 mi	(Move-in July) Barracks Court, Royal Arsenal, London, SE18	2	Flat
£2,150	08/24	0.08 mi	-	2	Flat
£2,250	08/24	0.09 mi	Royal Carriage Mews, Woolwich, London, SE18	2	Flat
£2,210	08/24	0.09 mi	West Carriage House, Royal Carriage Mews, Woolwich, Royal Arsenal, London, SE18 6GB	2	Flat
£2,150	08/24	0.1 mi	Royal Carriage Mews, Woolwich, London, SE18	2	Flat
£2,375	08/24	0.1 mi	Spray Street, London, SE18	2	Terraced House
£2,350	09/24	0.1 mi	-	2	Terraced House
£2,375	08/24	0.11 mi	Spray Street, London	2	Terraced House
£1,300	01/25	0.11 mi	-	2	Flat

Local Area Statistics

Population in SE18	75,84075,840
Population in London	4,771,9214,771,921
Town centre distance	8.05 miles away8.05 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.08 miles away0.08 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 £450,000

March 3, 2025

Floor Plans

Description

Two Double Bedrooms +
Spacious Open Plan Kitchen / Living Area +
Fully Equipped Kitchen with Appliances +
Immaculate Condition Throughout +
Stylish Modern Bathroom +
Large Utility Room +
South Facing Balcony +
Communal Gardens +
Close to Transport and Amenities +
Chain Free +

Discover the epitome of Riverside living in this stunning two-bedroom apartment at Royal Arsenal Riverside, Woolwich - a 2 minute walk away from the Elizabeth Line station. Spanning an impressive 700 square feet, this open-plan apartment boasts a contemporary design, flooded with natural light from its floor-to-ceiling windows. Featuring two spacious double bedrooms with main bedroom benefitting from built in double wardrobe storage, a fully equipped modern kitchen with integrated appliances, a luxurious bathroom and a large utility space for storage additional storage. The apartment's large private balcony offers views of the South London skyline, whilst quiet and calm above the communal landscaped gardens. Residents of Drummond House benefit from 24/7 concierge services for your peace of mind, and the tranquil communal gardens perfect for entertaining on warm summer evenings. The Royal Arsenal is a vibrant community with a variety of shops, bars, and restaurants, including The Dial Arch Pub, The Guard House, Starbucks, The Boulangerie Jade, and Gails Bakery. The Woolwich Works is a new cultural Hub, featuring contemporary music, dance, cabaret, and comedy shows, as well as a cafe. A fantastic variety of excellent transport links via are available via the Elizabeth Line, National Rail, and DLR, which will connect you to various parts of London.

Don't miss this opportunity to own a piece of London's thriving riverside community! Contact us today to schedule a viewing.

Agent Details

eXp UK, London

03304 609968

Next Steps?

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

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