New Cross Road, London, SE14
WI

New Cross Road, London, SE14

By Winkworth

£ 500,000

Reviews

2 out of 5 stars

Winkworth says ..

A well-presented three-bedroom flat situated within a central location in the sought-after area of New Cross within walking distance to local amenities. This property offers ample space and is perfect for a first-time purchase or buy to let investment offered chain free.

Property Oracle says ..

This three-bedroom flat on New Cross Road, London, SE14, is listed at £500,000. The property’s location benefits from convenient access to New Cross Gate station, providing excellent transport links to central London and other parts of the city. The area has several well-rated schools, making it attractive to families. The interior is clean and functional, although the kitchen and bathroom appear somewhat dated and could benefit from modernisation. The absence of a garden or any significant outdoor space is a noticeable drawback. The price point seems relatively competitive when compared to other similar properties in the immediate vicinity, although the substantial variation in prices of nearby properties indicates potential price volatility in this location. Buyers should carefully assess the condition of the property and factor in potential modernisation costs. The lack of outdoor space might reduce its desirability compared to properties with gardens. Overall, the property presents a good opportunity for a buyer looking for convenient transport links and proximity to good schools, but should be prepared for potential renovation work.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
3
Bathrooms
1
Sqft (est)
681.89

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
770,995.00 £
Increased by 28.32 %
from 600,851.00 £
Est sale value
618,474.23 £
Increased by 46.53 %
from 422,089.91 £
Average area rental value
2,165.00 £/mo
Decreased by 8.88 %
from 2,376.00 £/mo
Est letting value
1,363.78 £/mo
Unchanged by 0.00 %
from 1,363.78 £/mo
Est rental Yield
3.37 %
Decreased by 29.05 %
from 4.75 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Winkworth created the listing.

Nearby Schools

NameTypeOfstedDistance
Edmund Waller Primary SchoolCommunity SchoolGood0.53 KM
Haberdashers' Aske'S Hatcham Temple GroveAcademy Converter0.61 KM
Kender Primary SchoolCommunity SchoolGood0.62 KM
Haberdashers' Aske'S Hatcham CollegeAcademy Sponsor LedGood0.72 KM
Haberdashers' Aske'S Hatcham Temple Grove Free SchoolFree SchoolsOutstanding0.78 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Nettleton Road £ 376,66700.00 KM
Nettleton Road £ 650,00000.00 KM
Musgrove Road £ 937,50000.00 KM
Hatfield Close £ 000.00 KM
Auburn Close £ 300,00000.00 KM

Nearby Transport

NameNLCTLCDistance
New Cross Gate5345NXG0.54 KM
Nunhead5068NHD1.12 KM
Queens Road Peckham5424QRP1.34 KM
Brockley5404BCY1.35 KM
South Bermondsey5425SBM1.88 KM

Nearby Listings

AddressPriceTypeScoreDistance
New Cross Road, London, SE14 £ 500,000BUY5 / 100.00 KM
New Cross Road, London, SE14 £ 425,000BUY6 / 100.00 KM
New Cross Road, London, SE14 £ 425,000BUY5 / 100.04 KM
Fairlawn Mansions , New Cross, London, SE14 £ 575,000BUY5 / 100.08 KM
Pepys Road, Telegraph Hill £ 400,000BUY5 / 100.09 KM

Nearby Properties

AddressPriceDistance
207a New Cross Road £ 1,155,0000.05 KM
211 New Cross Road £ 890,0000.05 KM
207b New Cross Road £ 680,0000.05 KM
239 New Cross Road £ 540,0000.05 KM
29 Hatcham Park Mews £ 222,5000.08 KM