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Riefield Road, SE9

London

£699,950
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1172 sqft

Description

Nestled in the desirable Eltham Heights area, this semi-detached family home offers significant renovation and investment potential. Having been lovingly maintained by the same family since the late 1970s, the property presents a unique opportunity for new owners to modernize and customize to their tastes. The layout features three well-proportioned bedrooms on the upper floor, complemented by a family bathroom and a separate WC. The ground floor comprises a spacious reception room ideal for relaxation, alongside a dining room that opens directly into the rear garden through sliding patio doors. The kitchen is functional but could benefit from updates, featuring an array of wall and base units alongside necessary appliances. Outdoor space is another highlight, with a low-maintenance south-west facing garden providing ample room for gardening enthusiasts or those looking to create an outdoor entertainment area. The detached garage adds further value, offering storage solutions and the possibility of conversion (subject to planning permission). Located in a vibrant community, this property benefits from nearby amenities and transport links, making it an attractive proposition for families seeking accessibility and convenience. Furthermore, with no forward chain involved, this home is ready for its next chapter. This property holds promise not only as a comfortable residence but also as a savvy investment opportunity with scope for expansion or renovation to increase its value further.

Investment Analysis

(SE9 area)

Above Market Value

This property is priced +20.8% above area average per sq ft

+20.8%
This Property
£597/sq ft
Area Average
£495/sq ft
Avg Rent (weekly)
£441
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£637,509
10% above area average per sq ft
Potential ROI
-16.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (SE9)

Area prices are rising by +4.9% over the last 12 months
3 year growth: 7.3%
5 year growth: 18.7%
Investment Disclaimer: Analysis based on SE9 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

Riefield Road, SE9
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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
£2,564
Based on a loan of £524,962 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