Erebus Drive, Thamesmead West, SE28 0GB
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Erebus Drive, Thamesmead West, SE28 0GB

By Redwood Estates

£ 300,000

Reviews

3 out of 5 stars

Redwood Estates says ..

A BEAUTIFUL 2 BEDROOM 1ST FLOOR APARTMENT OVERLOOKING PARKLAND IN THE POPULAR WEST THAMESMEAD AREA, BALCONY ACCESSED BY LOUNGE AND BEDROOM,

Property Oracle says ..

The property is a 2-bedroom apartment located in Thamesmead West, Greenwich, with a list price of £300,000. The apartment is 518.71 sqft and has one bathroom. Based on the provided images, the property appears to be in good condition, with modern fixtures and fittings. The flooring is modern, and the walls and ceilings are well-maintained. The kitchen and bathroom are clean and functional.

The location is close to several amenities, including schools and transportation links. Heronsgate Primary School, rated ‘Outstanding’ by Ofsted, is within a short distance, making it ideal for families. Several Southeastern train stations are also within reasonable proximity, providing convenient access to central London and other areas.

While the plot size is 0.00 sqft, the property benefits from a small balcony, offering some outdoor space. This is a common feature in apartment buildings and shouldn’t be considered a significant drawback.

Considering the average price per sqft in the area is £551.00, and the property is listed at £300,000, the price seems reasonable, particularly given its good condition and proximity to amenities. However, it’s worth noting that the average price in the area is higher (£433,388), suggesting that this property may be slightly undervalued. Nearby comparable properties support this, with some similar properties listed at higher prices. Further investigation into the specific reasons for the lower price may be warranted.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
9
Location
8
Land
3
Bedrooms
2
Bathrooms
1
Sqft (est)
518.71

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
430,413.00 £
Increased by 9.68 %
from 392,431.00 £
Est sale value
308,113.74 £
Increased by 36.87 %
from 225,120.14 £
Average area rental value
1,340.00 £/mo
Decreased by 32.05 %
from 1,972.00 £/mo
Est letting value
518.71 £/mo
Decreased by 50.00 %
from 1,037.42 £/mo
Est rental Yield
3.74 %
Decreased by 37.98 %
from 6.03 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Redwood Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Heronsgate Primary SchoolCommunity SchoolOutstanding0.53 KM
Waterside SchoolCommunity Special SchoolGood1.07 KM
Foxfield Primary SchoolAcademy ConverterOutstanding1.11 KM
Right Choice Independent Special SchoolOther Independent SchoolGood1.18 KM
South Rise Primary SchoolAcademy ConverterGood1.19 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Gallions View £ 000.00 KM
Broadwater Road £ 000.00 KM
Ivermore Place £ 230,00000.00 KM
Cartridge Place £ 322,50000.00 KM
Lenton Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Plumstead5208PLU0.95 KM
Woolwich Arsenal5152WWA1.21 KM
Woolwich Dockyard5153WWD2.67 KM
Falconwood5137FCN4.10 KM
Welling5128WLI4.32 KM

Nearby Listings

AddressPriceTypeScoreDistance
Erebus Drive, Thamesmead West, SE28 0GB £ 300,000BUY6 / 100.00 KM
Erebus Drive, London, SE28 £ 650,000BUY5 / 100.00 KM
Erebus Drive, London, SE28 £ 325,000BUY6 / 100.00 KM
Granary Mansions, Thamesmead, London, SE28 £ 350,000BUY6 / 100.05 KM
Granary Mansions, Thamesmead, London, SE28 £ 390,000BUYUnknown0.05 KM

Nearby Properties

AddressPriceDistance
21 Erebus Drive £ 260,0000.00 KM
121 Erebus Drive £ 142,0000.00 KM
37 Erebus Drive £ 194,9950.00 KM
7 Erebus Drive £ 282,5000.00 KM
17 Erebus Drive £ 113,9950.00 KM