Lock Chase, London, SE3
JD

Lock Chase, London, SE3

By jdm

£ 600,000

Reviews

3 out of 5 stars

jdm says ..

Chain Free - Two Bedroom Ground Floor Apartment With Gararge In A Sought After Development Walking Distance Of Blackheath Village And Station. In Need Of Modernisation.

Property Oracle says ..

This property in Lock Chase, Blackheath (SE3 9HA) presents a compelling opportunity for a buyer willing to undertake a substantial renovation project. The location is undeniably strong. Blackheath is a sought-after area known for its charming village feel, proximity to excellent schools (including several ‘Outstanding’ rated primary schools) and convenient transport links to central London via Blackheath station. The property itself, however, requires extensive work. The internal photos reveal outdated decor, worn carpets, and potential damp issues. These aspects may deter buyers seeking a move-in-ready property. The property boasts a two-bedroom layout, one bathroom and a shared garden alongside a private garage, representing a valuable asset in a location with limited parking. The asking price of £600,000 should be seen in the context of similar properties in the area; some nearby properties are priced significantly higher, but their condition may also be superior. Prospective buyers will need to carefully consider the cost of renovation alongside the purchase price when assessing this property’s value proposition.

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
4
Location
8
Land
6
Bedrooms
2
Bathrooms
1
Sqft (est)
966.00

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
510,640.00 £
Decreased by 11.61 %
from 577,690.00 £
Est sale value
554,484.00 £
Increased by 7.89 %
from 513,912.00 £
Average area rental value
2,021.00 £/mo
Increased by 13.92 %
from 1,774.00 £/mo
Est letting value
1,932.00 £/mo
Increased by 100.00 %
from 966.00 £/mo
Est rental Yield
4.75 %
Increased by 28.73 %
from 3.69 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • jdm created the listing.

Nearby Schools

NameTypeOfstedDistance
St Margaret'S Lee Cofe Primary SchoolVoluntary Aided SchoolOutstanding0.37 KM
John Ball Primary SchoolCommunity SchoolOutstanding0.41 KM
Heath House Preparatory SchoolOther Independent School0.60 KM
St Matthew AcademyAcademy Sponsor LedGood0.70 KM
All Saints' Church Of England Primary School BlackheathVoluntary Aided SchoolGood0.81 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Quentin Place £ 1,600,00000.00 KM
Eastdown Park £ 000.00 KM
Manor Brook £ 1,450,00000.00 KM
St Germans Place £ 000.00 KM
Ensign Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Blackheath5095BKH0.45 KM
Hither Green5107HGR1.43 KM
Lee5110LEE1.65 KM
Maze Hill5149MZH2.25 KM
Lewisham5051LEW2.26 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lock Chase, London, SE3 £ 600,000BUY6 / 100.00 KM
Tristan Square, Blackheath, London, SE3 £ 800,000BUY6 / 100.07 KM
Lock Chase, London, SE3 £ 700,000BUY6 / 100.10 KM
Haynes Close, Blackheath, SE3 £ 500,000BUY8 / 100.10 KM
Haynes Close, London £ 500,000BUY6 / 100.11 KM

Nearby Properties

AddressPriceDistance
11 Tristan Square £ 770,0000.07 KM
5 Tristan Square £ 870,0000.07 KM
7 Tristan Square £ 595,0000.07 KM
1 Tristan Square £ 575,0000.07 KM
12 Tristan Square £ 307,0000.07 KM