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Elmdene Road, London

London

£275,000
Listed on 12/06/2025

Property Details

Bedrooms
2
Type
Flat
Area
689 sqft

Description

This two-bedroom split-level maisonette in Woolwich offers a compelling opportunity for both first-time buyers and investors looking to tap into its renovation potential. Situated in a quiet cul-de-sac, the property benefits from easy access to local bus routes and is just a short walk to the amenities on Plumstead Common Road. A convenient 10-minute stroll brings you to Woolwich town centre, where you’ll find a diverse range of high street shops and large supermarkets. The nearby Woolwich Arsenal station, along with access to the DLR and the Elizabeth Line, provides excellent transport links, making this location appealing for commuters heading to Canary Wharf, The City, and beyond. Although the maisonette is in need of updating, it offers ample space that can be transformed into a stylish living environment. The layout includes a generous living room and kitchen area, along with two bedrooms that present opportunities for customisation. With careful renovation, this property could become a modern home or a profitable rental unit. This is an ideal chance to invest in a property that has great potential for enhancement while benefiting from its excellent location. If you’re interested in exploring the possibilities this maisonette holds, scheduling a viewing would be the next step.

Investment Analysis

(SE18 area)

Below Market Value

This property is priced -23.6% below area average per sq ft

-23.6%
Potential saving
This Property
£399/sq ft
Area Average
£522/sq ft
Avg Rent (weekly)
£442
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£395,737
10% above area average per sq ft
Potential ROI
+29.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SE18)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -2.5%
5 year growth: 11.9%
Investment Disclaimer: Analysis based on SE18 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

Elmdene Road, London
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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
£1,007
Based on a loan of £206,250 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.

Next Steps

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