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Plover Way, London, SE16 - Image 1
Plover Way, London, SE16 - Image 2

Plover Way, London, SE16

London

£435,000
Listed on 05/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
698 sqft

Description

This two-bedroom apartment offers a solid foundation for those looking to invest in a property that has significant renovation potential. With spacious interiors, the layout includes two well-sized double bedrooms, a modern bathroom, and a sizable reception room featuring large windows that overlook beautifully maintained gardens with water features. The semi-open plan kitchen is designed for functionality, making it suitable for both relaxed living and entertaining guests. Located along the Thames, this property benefits from the tranquil ambiance of riverside living while remaining conveniently close to urban amenities. Canada Water has established itself as a sought-after neighborhood, offering an array of local conveniences such as the Surrey Quays Shopping Centre and the serene Canada Water Dock. The area is dotted with parks and green spaces like Russia Dock Woodland, enhancing its appeal for both residents and visitors alike. The nearby Rotherhithe district adds character to the location with its historic cobbled streets and repurposed warehouses. Traditional pubs like The Mayflower line the riverside, inviting leisurely strolls along the Thames Path. Cultural experiences are further enriched by attractions like the Brunel Museum, all within easy reach of city life. For commuters, excellent transport links are a standout feature. Canada Water station provides access via the Jubilee Line and Overground, ensuring quick journeys to Canary Wharf, London Bridge, and the West End. The Surrey Quays Overground connects directly to key areas within the City, while additional transport options such as the Thames Clipper riverboat service and various bus routes further enhance connectivity. With its blend of potential for personalization and prime location advantages, this apartment presents an opportunity for both first-time buyers seeking to make their mark or seasoned investors looking to capitalize on a thriving area.

Investment Analysis

(SE16 area)

Below Market Value

This property is priced -8.5% below area average per sq ft

-8.5%
Potential saving
This Property
£623/sq ft
Area Average
£681/sq ft
Avg Rent (weekly)
£536
Avg Yield
5.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£522,680
10% above area average per sq ft
Potential ROI
+14.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SE16)

Area prices are stable by +1.4% over the last 12 months
3 year growth: 1.0%
5 year growth: 4.8%
Investment Disclaimer: Analysis based on SE16 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

Plover Way, London, SE16
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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
£1,594
Based on a loan of £326,250 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.

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