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Banning Street, Greenwich

London

£750,000
Listed on 05/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
728 sqft

Description

Set in the desirable area of East Greenwich, this two-bedroom freehold property is a prime opportunity for those looking to invest or renovate. Spread over two levels, the home features well-proportioned living spaces and a substantial rear garden measuring approximately 39’6 x 15’1, offering ample potential for outdoor enhancements or landscaping. The ground floor hosts two comfortable reception rooms that are conveniently separated by the stairwell. This layout allows for functional living and dining areas, while a separate kitchen at the back (approximately 8’9 x 6’2) opens directly into the garden. The first floor includes two bedrooms, with the main bedroom measuring around 14’8 x 11’8, accompanied by a family bathroom situated off the landing. The expansive garden presents an excellent canvas for further development. Many neighboring properties have successfully reconfigured their interiors to create larger kitchen-dining areas, and similar possibilities exist here, subject to necessary permissions. Banning Street enjoys proximity to local amenities along Trafalgar Road and scenic riverside walks, with Maze Hill train station within a brief ten-minute walk—providing direct access to London Bridge in about twelve minutes. The Cutty Sark DLR station also offers a swift commute to Canary Wharf. In addition to nearby Greenwich Park and the historic town center, residents benefit from local conveniences including a Sainsbury’s Local just steps away. This property not only offers immediate comfort but also significant potential for renovation and expansion in a sought-after location.

Investment Analysis

(SE10 area)

Above Market Value

This property is priced +44.0% above area average per sq ft

+44.0%
This Property
£1,030/sq ft
Area Average
£716/sq ft
Avg Rent (weekly)
£522
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£573,012
10% above area average per sq ft
Potential ROI
-27.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Banning Street, Greenwich
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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
£2,747
Based on a loan of £562,500 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