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Hillreach, London

London

£375,000
Listed on 27/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1475 sqft

Description

This property has been held by the same family for over 80 years, serving various purposes including a pawnbrokers, café, and general store, but for the last several decades it has functioned as a family residence. With a requirement for modernisation and redecoration, this property presents an excellent opportunity for those looking to infuse their personal touch and vision into a home. Spanning three floors, the layout provides ample space to adapt according to your needs. The entrance level comprises a hallway leading to two reception rooms and a kitchen. Upstairs, you will find two well-proportioned bedrooms along with a bathroom. The lower ground floor features a large room and an additional utility space, making it versatile for various uses. Outside, the rear garden awaits cultivation, offering potential for landscaping or gardening enthusiasts. Situated conveniently near bus routes and within proximity to Woolwich Dockyard Station, this home is suitable for commuters. Additionally, Woolwich town centre is less than a mile away, providing access to numerous high street shops and essential services including the Woolwich Elizabeth Line station with connections to Docklands, The City, West End and Heathrow Airport. This property is particularly appealing to first-time buyers or those seeking a project that allows customization.

Investment Analysis

(SE18 area)

Below Market Value

This property is priced -51.3% below area average per sq ft

-51.3%
Potential saving
This Property
£254/sq ft
Area Average
£522/sq ft
Avg Rent (weekly)
£442
Avg Yield
5.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£847,188
10% above area average per sq ft
Potential ROI
+99.3%
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

Hillreach, 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
£1,374
Based on a loan of £281,250 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