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Armoury Road, London

London

£215,000
Listed on 29/11/2025

Property Details

Bedrooms
1
Type
Flat
Area
424 sqft

Description

This second-floor one-bedroom flat offers a significant opportunity for those interested in a renovation project tailored to personal preferences. The property is in need of comprehensive refurbishment, allowing potential buyers to fully customize the space according to their vision. This makes it particularly appealing for first-time buyers or investors looking to enhance value through modernization. Located conveniently near Lewisham High Street, residents will enjoy easy access to a variety of shops, cafes, and restaurants, alongside essential services. Moreover, the proximity to Lewisham Station and the DLR ensures swift connections to central London and Canary Wharf, providing an attractive option for commuters who desire both accessibility and the potential for growth in property value.

Investment Analysis

(SE8 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£507/sq ft
Area Average
£619/sq ft
Avg Rent (weekly)
£452
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£288,632
10% above area average per sq ft
Potential ROI
+13.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (SE8)

Area prices are falling by +2.5% over the last 12 months
3 year growth: 3.1%
5 year growth: -4.8%
Investment Disclaimer: Analysis based on SE8 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

Armoury Road, 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
£788
Based on a loan of £161,250 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.

Next Steps

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