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Waite-Davies Road, Lee, SE12 - Image 1
Waite-Davies Road, Lee, SE12 - Image 2

Waite-Davies Road, Lee, SE12

London

£595,000
Listed on 09/12/2022

Property Details

Bedrooms
4
Type
Detached house

Description

This four-bedroom Victorian terrace home offers a remarkable opportunity for renovation and investment. Spread over three levels, the property features a traditional layout with significant potential for modernization. Currently, it includes a spacious lounge, a functional kitchen, and a bathroom that could be transformed into a contemporary space. The interior boasts four bedrooms, two of which have unique fireplaces that could serve as charming focal points after updating. The larger second bedroom is particularly noteworthy with its bay window, allowing natural light to fill the room. The top floor offers two additional bedrooms, perfect for family living or rental opportunities. Heating is provided by a gas central system, and there’s a timber construction area that leads out to the rear garden. The outdoor space includes a concrete pathway and timber shed, providing options for landscaping or expansion depending on your vision. Situated within close proximity to local shops, cafes, bars, and restaurants enhances this property's appeal. Lee mainline station is also nearby, offering convenient transport links into central London—ideal for commuters or those seeking urban access while enjoying suburban living. This property is offered chain-free, making it an attractive prospect for investors looking to capitalize on the growing demand in this area. With thoughtful renovations and updates, this house has the potential to become a highly desirable residence or rental property in a vibrant community setting.

Investment Analysis

(SE12 area)
Area Average
£524/sq ft
Avg Rent (weekly)
£465
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE12)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 0.6%
5 year growth: 12.7%
Investment Disclaimer: Analysis based on SE12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Waite-Davies Road, Lee, SE12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,180
Based on a loan of £446,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE