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Craigerne Road, Blackheath

London

£800,000
Listed on 05/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1421 sqft

Description

This spacious four-bedroom family home is situated on a well-regarded residential street, just a short walk from the amenities of the Royal Standard. The property offers considerable potential for renovation, providing an opportunity for investors or homeowners looking to personalize their living space. Inside, the layout spans approximately 1,400 square feet and features two generous reception rooms that present flexible usage options. The 20-foot kitchen opens directly into the rear garden, creating possibilities for outdoor entertaining or further enhancement. A shower room conveniently located on the ground floor adds to the home's practicality. On the first floor, three double bedrooms are offered, with the master benefiting from an en suite shower room. An additional shower room is also available on this level. The top floor contains another spacious bedroom that includes its own en suite shower room, making it ideal for guests or older children seeking privacy. The location is one of the key highlights of this property. Residents can enjoy easy access to local shops and dining options at the Royal Standard, which features independent cafes and a Marks & Spencer food hall among other conveniences. Well-connected transport links are also nearby, with Westcombe Park and Blackheath stations providing direct services into central London in under 20 minutes. Additionally, families will appreciate the range of highly regarded schools in close proximity, both state and private. This home not only offers comfortable living but also presents a valuable opportunity for those looking to capitalize on its renovation potential in a thriving community. Council Tax Band: E | Energy Efficiency Rating: D

Investment Analysis

(SE3 area)

Below Market Value

This property is priced -12.7% below area average per sq ft

-12.7%
Potential saving
This Property
£563/sq ft
Area Average
£645/sq ft
Avg Rent (weekly)
£500
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£1,008,590
10% above area average per sq ft
Potential ROI
+14.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (SE3)

Area prices are rising by +7.3% over the last 12 months
3 year growth: -3.9%
5 year growth: 8.3%
Investment Disclaimer: Analysis based on SE3 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

Craigerne Road, Blackheath
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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
£2,931
Based on a loan of £600,000 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