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31-33 Woolwich Road, Greenwich, SE10 0RA - Image 1
31-33 Woolwich Road, Greenwich, SE10 0RA - Image 2
31-33 Woolwich Road, Greenwich, SE10 0RA - Image 3
31-33 Woolwich Road, Greenwich, SE10 0RA - Image 4
31-33 Woolwich Road, Greenwich, SE10 0RA - Image 5
31-33 Woolwich Road, Greenwich, SE10 0RA - Image 6
31-33 Woolwich Road, Greenwich, SE10 0RA - Image 7

31-33 Woolwich Road, Greenwich, SE10 0RA

London

£1,100,000
Listed on 02/08/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property features a three-storey terraced building consisting of two interconnected retail units that have historically operated as a Chinese restaurant. The establishment is equipped with essential amenities, including a rear kitchen area, restrooms, tiled flooring, and air conditioning, all indicative of its past functionality. Above the commercial space, the property includes three self-contained one-bedroom flats. Notably, a fourth flat has been sold on a long lease, which presents an opportunity for investment diversification. Additionally, previous planning permission was granted (though later lapsed) to construct another flat on the roof, pointing to potential for vertical expansion. There may also be possibilities for extending the structure towards the rear, pending approval from local planning authorities and adherence to building regulations. Situated on the northern side of Woolwich Road between Hatcliffe Street and Commercial Place, this location benefits from easy access to major transport links including the Blackwall Tunnel via Blackwall Lane. The area is characterized by a bustling main thoroughfare surrounded by a high density of residential properties, making it an attractive spot for both commercial and residential investments. The property is offered freehold, subject to existing leases and with one flat already under long leasehold terms. This unique combination of retail and residential space offers significant renovation and investment potential for those looking to enhance or reconfigure the current layout while capitalizing on the vibrant local community.

Investment Analysis

(SE10 area)
Area Average
£716/sq ft
Avg Rent (weekly)
£522
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (SE10)

Area prices are falling by +4.9% over the last 12 months
3 year growth: -15.7%
5 year growth: -11.5%
Investment Disclaimer: Analysis based on SE10 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

31-33 Woolwich Road, Greenwich, SE10 0RA
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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
£4,030
Based on a loan of £825,000 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