Reaston Street, London, SE14
RO

Reaston Street, London, SE14

By Robinson Jackson

£ 144,000

Reviews

3 out of 5 stars

Robinson Jackson says ..

Well-presented and spacious one bedroom flat situated on the 1st floor of this popular purpose built block, private balcony. Wheelchair accessible, available for shared ownership. ***The current owners are selling a 45% share of the property, although a new buyer could buy 100% should ...

Property Oracle says ..

This one-bedroom flat located on Reaston Street in New Cross, London, presents a modern and well-maintained living space. The property’s interior is stylish, with a contemporary kitchen and bathroom. The photos showcase a clean, updated finish throughout. A notable feature is the inclusion of a private balcony, which adds outdoor space. The location offers convenient access to public transport, with multiple train stations within a reasonable distance. The proximity to several well-regarded primary schools may be appealing to families. However, the property is listed as a shared ownership scheme, meaning the buyer purchases a share (in this case, a 45% share is offered, with an option to purchase 100%). This significantly impacts the purchase price. While the stated price may seem low compared to other properties listed nearby, it’s essential to note the implications of shared ownership which include ongoing service charges and the restrictions it places on resale and future improvements. Further investigation into the specific terms of the shared ownership agreement, including service charges and potential future purchase costs, is necessary for a fully informed assessment. Overall, it appears to be a well-presented flat, but prospective buyers must fully understand the implications of shared ownership before considering this option.

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
6
Condition
9
Location
7
Land
3
Bedrooms
1
Bathrooms
1
Sqft (est)
566.83

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
409,152.00 £
Decreased by 2.78 %
from 420,864.00 £
Est sale value
380,342.93 £
Increased by 32.87 %
from 286,249.15 £
Average area rental value
1,957.00 £/mo
Decreased by 1.31 %
from 1,983.00 £/mo
Est letting value
1,700.49 £/mo
Increased by 50.00 %
from 1,133.66 £/mo
Est rental Yield
5.74 %
Increased by 1.59 %
from 5.65 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Robinson Jackson created the listing.

Nearby Schools

NameTypeOfstedDistance
Kender Primary SchoolCommunity SchoolGood0.37 KM
Haberdashers' Aske'S Hatcham Temple GroveAcademy Converter0.43 KM
Pilgrims Way Primary School & Children'S CentreChildren's Centre0.67 KM
Pilgrims' Way Primary SchoolCommunity SchoolGood0.69 KM
Edmund Waller Primary SchoolCommunity SchoolGood0.85 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Hatfield Close £ 000.00 KM
Wardall Grove £ 425,00000.00 KM
Rollins Street £ 569,00000.00 KM
Nettleton Road £ 376,66700.00 KM
Nettleton Road £ 650,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Queens Road Peckham5424QRP0.96 KM
New Cross Gate5345NXG1.12 KM
South Bermondsey5425SBM1.21 KM
Nunhead5068NHD1.30 KM
Surrey Quays1083SQE1.69 KM

Nearby Listings

AddressPriceTypeScoreDistance
Reaston Street, London, SE14 £ 320,000BUY6 / 100.00 KM
Reaston Street, London, SE14 £ 144,000BUY6 / 100.00 KM
Avonley Road, London, SE14 £ 300,000BUY5 / 100.08 KM
Avonley Road, London, SE14 £ 350,000BUY5 / 100.08 KM
Avonley Road, London, SE14 £ 360,000BUY7 / 100.10 KM

Nearby Properties

AddressPriceDistance
39 Hatfield Close £ 191,0000.13 KM
44 Hatfield Close £ 105,0000.13 KM
37 Hatfield Close £ 163,0000.13 KM
11b Edric Road £ 195,0000.15 KM
61 Edric Road £ 875,0000.15 KM