6 Bed Flat, Single Let, London, SE18 4PN, £500,000

Master Gunners Place, Greenwich, London, SE18 4PN - 3 views - a month ago

BTL

~186 m²

+11 photos

ValuationUndervalued

Sold Prices	£280K - £770K
Sold Prices/m²	£2.5K/m² - £7.8K/m²

Square Metres	~186 m²
Price/m²	£2.7K/m²
Value Estimate	£625,000£625,000
BMV	25%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£125,000£125,000
Stamp Duty & Legal Fees	£38,700£38,700
Total Cash In	£163,700£163,700

Cash Out
Rent Range	£1,750 - £4,000£1,750 - £4,000
Rent Estimate	£1,888
Running Costs/mo	£1,960£1,960
Cashflow/mo	£-72£-72
Cashflow/yr	£-865£-865
Gross Yield	5%5%

Local Sold Prices

10 sold prices from £280K to £770K, average is £441.7K. £2.5K/m² to £7.8K/m², average is £4.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£770K	03/21	0.77 mi	98, Heathwood Gardens, London, Greater London SE7 8ER	£4,053	190	4	Flat
£400K	06/23	0.95 mi	53, Whinyates Road, London, Greater London SE9 6NL	£3,810	105	4	Flat
£405K	11/21	0.97 mi	53, Ripon Road, London, Greater London SE18 3QJ	£2,547	159	4	Flat
£760K	12/20	1.74 mi	89, Hawthorne Crescent, London, Greater London SE10 9GA	£5,547	137	4	Flat
£478.3K	04/23	2.53 mi	Flat 25, Rockfield House, Welland Street, London, Greater London SE10 9DR	-	-	4	Flat
£550K	03/21	2.72 mi	15, Bramdean Crescent, London, Greater London SE12 0NU	£5,340	103	4	Flat
£750K	06/21	2.73 mi	2, St James Mews, London, Greater London E14 3XD	£7,813	96	4	Flat
£405K	02/23	2.76 mi	Flat 7, Halyard House, Manchester Road, London, Greater London E14 3HD	-	-	4	Flat
£280K	10/22	2.85 mi	156, Sewell Road, London, Greater London SE2 9DL	£3,146	89	4	Flat
£385K	10/21	2.89 mi	195b, George Lane, London, Greater London SE13 6RY	-	-	4	Flat

Local Rents

40 rents from £1.8K/mo to £4K/mo, average is £2.5K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	08/24	0.01 mi	Master Gunner Place London SE18	3	Flat
£2,000	02/25	0.11 mi	-	3	Terraced House
£2,200	01/25	0.11 mi	-	3	Terraced House
£2,500	08/24	0.2 mi	Brook House, London, SE18	3	Semi-Detached House
£2,750	08/24	0.23 mi	Shooters Hill Road, London, SE18	3	Semi-Detached House
£2,250	08/24	0.28 mi	Greenbay Road, Charlton, SE7	3	Terraced House
£2,200	08/24	0.29 mi	Barlow Drive, SE18	3	Detached House
£2,300	08/24	0.3 mi	Howerd Way, London, SE18	3	Terraced House
£2,300	09/24	0.3 mi	-	3	Terraced House
£1,850	12/24	0.33 mi	Farjeon Road, London, SE3	3	Terraced House
£2,150	12/24	0.37 mi	-	3	Semi-Detached House
£2,200	08/24	0.37 mi	Gilbert Close Royal Herbert Pavilions SE18	3	Flat
£2,400	12/24	0.38 mi	Wricklemarsh Road, London, SE3	3	Semi-Detached House
£2,100	11/23	0.39 mi	Holburne Road, SE3	3	Terraced House
£3,000	08/24	0.41 mi	Shooters Hill Road, London, SE3	3	Detached House
£3,000	08/24	0.41 mi	-	3	Semi-Detached House
£4,000	02/25	0.44 mi	-	5	Semi-Detached House
£2,800	08/24	0.45 mi	Langhorne Street, London, SE18	3	Flat
£2,800	08/24	0.45 mi	Langhorne Street, The Royal Military Acadamy, Woolwich, London, SE18 4BJ	3	Flat
£2,200	08/24	0.46 mi	Nigeria Road, Charlton, London, SE7	3	Detached House
£2,250	04/25	0.46 mi	-	3	Terraced House
£2,500	12/24	0.51 mi	Holburne Road, London, SE3	3	Semi-Detached House
£2,500	12/24	0.51 mi	-	3	Semi-Detached House
£3,000	08/24	0.51 mi	Holburne Gardens, London, SE3	4	Flat
£2,900	03/25	0.51 mi	-	4	Terraced House
£3,000	08/24	0.51 mi	-	4	Terraced House
£2,800	08/24	0.53 mi	Guild Road, Charlton	3	Flat
£2,700	12/24	0.53 mi	-	4	Semi-Detached House
£2,600	08/24	0.54 mi	Park Drive, Charlton	3	Semi-Detached House
£2,000	08/24	0.56 mi	Well Hall Road, London, SE9	3	Flat
£3,500	02/25	0.57 mi	-	5	Semi-Detached House
£2,400	08/24	0.58 mi	Merriman Road, Blackheath, SE3	3	Flat
£3,000	08/24	0.58 mi	Wellesley Road London SE18	3	House
£3,000	08/24	0.58 mi	Wellesley Road The Academy SE18	3	House
£2,000	08/24	0.59 mi	Sutlej Road, London, SE7	3	Detached House
£3,000	08/24	0.59 mi	Wellesley Road, London, SE18	3	House
£2,900	08/24	0.6 mi	Wellesley Road, Woolwich, SE18	3	Flat
£2,800	08/24	0.61 mi	Canberra Road, SE7	4	Detached House
£2,500	11/24	0.62 mi	-	3	Terraced House
£2,950	08/24	0.62 mi	-	4	Detached House

Local Area Statistics

Population in SE18	75,84075,840
Population in London	4,771,9214,771,921
Town centre distance	7.53 miles away7.53 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.05 miles away1.05 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 £500,000

March 15, 2025

Floor Plans

Description

Chain free +
Approx 11% rental yield +
Fourth floor +
Lift +
Six bedrooms +
En-suite +
Sold with tenants in situ +

Invesment opportunity. This purpose-built accommodation at Battalion Hall, Farndale Court, offers an outstanding rental yield of approximately 11%, making it a highly lucrative investment. The property features six spacious bedrooms, each with its own en-suite bathroom, providing both comfort and privacy. Currently fully tenanted, it ensures an immediate income stream.

Located on the fourth floor with convenient lift access, the property is just 1 mile from the Elizabeth Line, offering excellent transport links across London. The shared kitchen and living areas create a sociable and communal environment, ideal for residents.

Strategically positioned opposite Queen Elizabeth Hospital, the property is perfectly suited for both students and healthcare professionals. With an asking price of £500,000, this rare opportunity allows you to secure a well-located, purpose-built property with strong demand for rentals. Additionally, the property benefits from a Share of Freehold, further enhancing its investment value.

Agent Details

The Chant Group, Bank

020 3834 8370

Next Steps?

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

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