8, Gorman Road
8, Gorman Road
Description & Estimates
8, Gorman Road is recorded publicly as a mid-century leasehold apartment across 527 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 8, Gorman Road is £220,255 and its rental estimate is £1,426 per month, given the available information and assuming reasonable condition.
Gorman Road, London, SE18 falls within the SE18 postal district, in the borough of Greenwich.
Our Data Sources
8, Gorman Road has a single entry in the Land Registry from October 2022 and a single entry in the EPC database dated December 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 8, Gorman Road, we estimate a market value of £231,268 and a rental value of £1,497 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £204,837 and £1,326 per month respectively.
Recent Market Change
Over the last year, 8, Gorman Road has seen its estimated sale value decrease by £945 (0.4%) and its estimated rental value grow by £66 per month (4.6%). This results in an estimated gross rental yield of 7.8%.
Energy Efficiency
8, Gorman Road has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Dec 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Gorman Road completed on 21st October 2022 at £237,500 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 9.9% over the period since October 2022.
- Sold Oct 2022£237,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Gorman Road have sold within a radius of 320 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th August 2024, was 33, Gorman Road, London, SE18 5SA, a leasehold flat which sold for £215,000.
Read more about house prices in SE18.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 74 addresses on Gorman Road, London, SE18, 8, Gorman Road comes out as the 36th largest and the 38th most expensive in our analysis of the public data.
It is also £145k less expensive than the average property across the SE18 district.
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Schools Nearby
- 300mCardwell Primary School
- 300mMulgrave Primary School
- 500mWoodhill Primary School
- 900mRoyal Greenwich Trust School
- 2.0kmArk Greenwich Free School
- 2.1kmPlumstead Manor School
More reading links
Public Transport Nearby
From 8, Gorman Road, the nearest station is Woolwich Dockyard, 200 metres away.
- 200mWoolwich Dockyard
- 800mWoolwich Arsenal
- 1.0kmWoolwich
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
