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Gilmore Road, Lewisham

London

£475,000
Listed on 15/02/2025

Property Details

Bedrooms
2
Type
Detached house
Area
871 sqft

Description

This two-bedroom property is situated in a peaceful cul-de-sac, strategically placed between Lewisham and Hither Green stations, making it an appealing option for those seeking both comfort and convenience. The home boasts a spacious modern kitchen equipped with ample fitted units, while the generously sized reception room opens up to a charming southeast-facing garden, perfect for outdoor relaxation or potential landscaping projects. On the upper level, you'll find two well-proportioned double bedrooms alongside a large storage cupboard and a linen cupboard, providing practicality and organization. The stylish modern bathroom adds to the overall functionality of the space. Additionally, there is considerable potential for expansion into the loft area (subject to planning permission), which could significantly enhance the property's value and livability. The location offers an abundance of nearby amenities. Gilmore Park is just behind the property, while other local parks such as Manor Park and Manor House Gardens offer recreational opportunities with playgrounds, cafés, tennis courts, and serene green spaces. For shopping needs, Lewisham's bustling high street features a variety of branded stores, whereas Hither Green boasts charming boutique shops and eateries, including the popular gastropub The Station. Blackheath Village is just a mile away and adds further options for dining and shopping alongside access to Blackheath Common and Greenwich Park. Commuting is straightforward with Hither Green Station (Zone 3) only half a mile away and Lewisham Station with DLR services (Zone 2) a short distance further at 0.6 miles. Families will also appreciate the proximity to several highly-rated schools in this sought-after area. Overall, this property not only provides comfortable living space but also presents a valuable investment opportunity with renovation possibilities that could increase its market appeal in this thriving neighborhood.

Investment Analysis

(SE13 area)

Below Market Value

This property is priced -8.9% below area average per sq ft

-8.9%
Potential saving
This Property
£545/sq ft
Area Average
£598/sq ft
Avg Rent (weekly)
£434
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£47,500 - £118,750
10-25% of property value
Target Value
£573,279
10% above area average per sq ft
Potential ROI
-3.4%
After renovation
Monthly Sales
38
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (SE13)

Area prices are rising by +2.2% over the last 12 months
3 year growth: -0.9%
5 year growth: 10.4%
Investment Disclaimer: Analysis based on SE13 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

Gilmore Road, Lewisham
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