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Land Rear Of 41-45 Blackheath Road, Greenwich, London - Image 1
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Land Rear Of 41-45 Blackheath Road, Greenwich, London

London

£700,000
Listed on 30/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development site in Greenwich presents a compelling opportunity for investors and builders looking to capitalize on a highly sought-after South London location. With approved planning consent from Greenwich Council (ref: 24/2028/L & 24/2027/F), the project is set to accommodate the construction of two semi-detached houses, each featuring three bedrooms. Accessed via Egerton Drive, the property is conveniently located within a vibrant neighborhood known for its strong demand and potential for appreciation. The area benefits from excellent transport links, local amenities, and green spaces, making it an attractive option for families and professionals alike. Additionally, the estimated Community Infrastructure Levy (CIL) stands at approximately £31,500, comprising around £27,000 for local authority CIL and about £4,500 for Metropolitan Open Land CIL. Confirmation of these costs is pending along with any associated S106 obligations. This unique property not only offers immediate development potential but also represents a sound investment in an area poised for growth.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
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

Land Rear Of 41-45 Blackheath Road, Greenwich, London
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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 £525,000 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