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Elmdene Road, London

London

£275,000
Listed on 10/05/2025

Property Details

Bedrooms
2
Type
Flat
Area
645 sqft

Description

This two-bedroom split-level maisonette in Woolwich offers a unique opportunity for both first-time buyers and savvy investors seeking a property with significant renovation potential. The layout provides ample space, allowing you to customize and modernize the interior according to your vision. Nestled within a quiet cul-de-sac, this home benefits from convenient access to local bus routes and is just a short walk from the shops along Plumstead Common Road. A brief 10-minute stroll will take you to Woolwich town centre, where you’ll find a diverse range of high street retailers and large supermarkets, making daily errands easy and accessible. For commuters, the nearby Woolwich Arsenal station (including DLR services) and the Woolwich Elizabeth Line station offer excellent transport links. With frequent services to key destinations such as Canary Wharf, the City, the West End, and even Heathrow Airport, this location is ideal for those prioritizing connectivity. While the property does require some updating, it serves as a blank canvas that invites creativity and personalization. With two bedrooms and one bathroom, there’s substantial room to transform this space into a comfortable living area tailored to your needs. Investors looking for a project or buyers wanting to put their personal stamp on their new home should consider scheduling a viewing to explore the possibilities this maisonette has to offer.

Investment Analysis

(SE18 area)

Below Market Value

This property is priced -18.0% below area average per sq ft

-18.0%
Potential saving
This Property
£426/sq ft
Area Average
£520/sq ft
Avg Rent (weekly)
£465
Avg Yield
5.7%

Renovation Potential

Est. Renovation Cost
£27,500 - £68,750
10-25% of property value
Target Value
£368,940
10% above area average per sq ft
Potential ROI
+7.3%
After renovation
Monthly Sales
41
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (SE18)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -0.8%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on SE18 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Elmdene Road, London
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