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Sterling Gardens, New Cross SE14

London

£320,000
Listed on 17/09/2025

Property Details

Bedrooms
2
Type
Flat
Area
624 sqft

Description

This two-bedroom first-floor apartment is situated within a small, tranquil estate, providing a peaceful environment while still being conveniently close to both Surrey Quays and New Cross. The property includes allocated parking, which adds to its practicality, especially in this increasingly desirable area. Currently presented in fair condition, the apartment offers significant renovation potential for those looking to tailor a living space to their personal taste or for investors seeking to enhance its value. The layout features a separate kitchen that could be modernized and opened up to create a more contemporary open-plan living experience. Both bedrooms are generously sized, ideal for accommodating family or guests, while the spacious lounge area provides ample room for relaxation and dining. With 954 years remaining on the lease, this property represents an attractive opportunity for first-time buyers or seasoned investors alike. Its affordable entry point is complemented by manageable service charges and no ground rent obligations. Situated in the vibrant borough of Lewisham, the location benefits from excellent transport links and local amenities, further enhancing its appeal as a long-term investment.

Investment Analysis

(SE14 area)

Below Market Value

This property is priced -18.9% below area average per sq ft

-18.9%
Potential saving
This Property
£513/sq ft
Area Average
£632/sq ft
Avg Rent (weekly)
£472
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£32,000 - £80,000
10-25% of property value
Target Value
£433,908
10% above area average per sq ft
Potential ROI
+8.5%
After renovation
Monthly Sales
15
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (SE14)

Area prices are rising by +18.8% over the last 12 months
3 year growth: -1.2%
5 year growth: 6.6%
Investment Disclaimer: Analysis based on SE14 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Sterling Gardens, New Cross SE14
Map showing location of Sterling Gardens, New Cross SE14
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