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Riverdale Road, Plumstead, London, SE18 - Image 1
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Riverdale Road, Plumstead, London, SE18 - Image 3
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Riverdale Road, Plumstead, London, SE18 - Image 8
Riverdale Road, Plumstead, London, SE18 - Image 9
Riverdale Road, Plumstead, London, SE18 - Image 10
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Riverdale Road, Plumstead, London, SE18

London

£300,000
Listed on 21/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
639 sqft

Description

This two-bedroom brick-fronted terraced house presents a compelling opportunity for renovation and investment, situated conveniently near Winn's Common and Plumstead Station. The property’s location not only offers easy access to local green spaces but also provides connectivity to various amenities available along Plumstead High Street. Inside, the home features a welcoming entrance hall that leads to a separate reception room, offering versatility for different living arrangements. The open-plan kitchen and dining area at the rear of the property is a functional space that could benefit from modernization, allowing potential buyers to create a layout that suits their needs. Upstairs, you will find two bedrooms accompanied by a family bathroom, presenting further avenues for enhancement. The private rear garden adds value to the property, providing an outdoor space that can be transformed into an inviting area for relaxation or gatherings. Given its current condition, this home is ideal for those interested in undertaking a project—whether that's first-time buyers looking to craft their dream residence or investors aiming to increase rental yields through strategic improvements. With its great location and considerable potential for renovation, this property represents an excellent option in a well-connected neighborhood.

Investment Analysis

(SE18 area)

Below Market Value

This property is priced -9.7% below area average per sq ft

-9.7%
Potential saving
This Property
£469/sq ft
Area Average
£520/sq ft
Avg Rent (weekly)
£465
Avg Yield
5.7%

Renovation Potential

Est. Renovation Cost
£30,000 - £75,000
10-25% of property value
Target Value
£365,508
10% above area average per sq ft
Potential ROI
-2.5%
After renovation
Monthly Sales
41
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (SE18)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -0.8%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on SE18 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

Riverdale Road, Plumstead, London, SE18
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