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Gunning Street, Plumstead

London

£375,000
Listed on 23/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
904 sqft

Description

This delightful three-bedroom Victorian property presents an exceptional renovation opportunity. Nestled within a well-connected residential area, it features a versatile layout adaptable to modern living needs, making it an attractive prospect for first-time buyers or families seeking to customize their home. The ground floor offers two reception rooms, perfect for creating open-plan living areas or distinct spaces for dining and relaxation. A single-storey extension at the rear houses a U-shaped kitchen that, while functional, could benefit from modernisation to enhance both storage and usability. On the first floor, three well-proportioned bedrooms provide ample space, including a principal bedroom and a second room that could serve various purposes like a dressing area or home office. A shower room completes this level but may require updates to match contemporary standards. The exterior features a low-maintenance garden and a concrete shed that adds functional storage space. With nearby amenities, schools, and excellent transport links just a short distance away, this property not only has location advantages but also stands as an ideal canvas for those looking to invest in personal touches and renovations. Overall, it is a promising property with significant potential to create a tailored living environment.

Investment Analysis

(SE18 area)

Below Market Value

This property is priced -20.1% below area average per sq ft

-20.1%
Potential saving
This Property
£415/sq ft
Area Average
£519/sq ft
Avg Rent (weekly)
£471
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£516,392
10% above area average per sq ft
Potential ROI
+24.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (SE18)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -4.6%
5 year growth: +8.7%
Investment Disclaimer: Analysis based on SE18 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

Gunning Street, Plumstead
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,328
Based on a loan of £281,250 over 30 years at 3.91% 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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