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Gavestone Road, Lee

London

£450,000
Listed on 12/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
949 sqft

Description

This three-bedroom family residence presents a canvas for renovation, strategically located within easy access to both Lee and Grove Park stations. Its potential appeals to a broad audience, including first-time buyers, families seeking customization, and investors looking for value enhancements. The open-plan lounge and dining space is currently bright and spacious, providing a perfect foundation for modern upgrades that could transform it into a contemporary entertaining area. Upstairs, the property features three generously sized bedrooms that offer versatile possibilities as children's rooms, guest accommodations, or home office spaces, complemented by a separate toilet and bathroom which could benefit from modernization. The rear garden is an attractive feature with existing elements like a patio area and pond; however, it offers ample opportunity for further development—potentially creating an outdoor studio or private retreat. With shared side access to the garden, this home presents functional benefits alongside its investment potential. Conveniently situated near Horn Park Primary School and within one mile of Lee station—connecting directly to central London—this property is also close to local amenities including shops, restaurants, and bars in Blackheath Village and Lewisham Town Centre. Offered without a chain, this freehold property allows for an uncomplicated acquisition process suitable for those looking to enhance their living environment or investment portfolio.

Investment Analysis

(SE12 area)

Below Market Value

This property is priced -9.4% below area average per sq ft

-9.4%
Potential saving
This Property
£474/sq ft
Area Average
£524/sq ft
Avg Rent (weekly)
£465
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£546,586
10% above area average per sq ft
Potential ROI
+9.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE12)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 0.6%
5 year growth: 12.7%
Investment Disclaimer: Analysis based on SE12 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

Gavestone Road, Lee
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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
£1,648
Based on a loan of £337,500 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