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Riefield Road SE9

London

£650,000
Listed on 20/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1172 sqft

Description

Nestled in the desirable area of Eltham Heights, this three-bedroom semi-detached family home presents a remarkable opportunity for renovation or investment. Having been with the same family since the late 1970s, the property retains many original features and layout options that can be modernized to create a contemporary living space. The ground floor comprises a spacious reception room, a dining room with access to the garden, and a kitchen that offers potential for upgrades and reconfiguration. Upstairs, you'll find three generously sized bedrooms along with a family bathroom that includes essential amenities. The rear garden is low maintenance and south-west facing, providing ample sunlight and outdoor space for enhancements or landscaping. Notably, there’s potential for expansion with a side addition (subject to planning permission), which could significantly enhance value. The property also includes a detached garage and off-street parking for two vehicles. Offered with no onward chain, this home is ready for new ownership to breathe fresh life into it.

Investment Analysis

(SE9 area)

Above Market Value

This property is priced +12.2% above area average per sq ft

+12.2%
This Property
£555/sq ft
Area Average
£494/sq ft
Avg Rent (weekly)
£445
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£637,445
10% above area average per sq ft
Potential ROI
-10.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (SE9)

Area prices are rising by +3.5% over the last 12 months
3 year growth: +5.9%
5 year growth: +14.9%
Investment Disclaimer: Analysis based on SE9 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

Riefield Road SE9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 over 30 years at 4.06% 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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