Sold Flat

Cutter Lane

Greenwich, SE10 0YW

1 beds 1 baths Listed 6 Feb 2025 (-541d)

£495,000

Offers in Excess of

Reduced on 12 Mar 2025

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Property details

Tenure

LEASEHOLD

Council tax band

D

Last sold

£550,000

Local average

£469,844 (+5.4%)

Street crime

873 incidents within 1 mile (May 2026)

Key features

  • One double bedroom apartment
  • Private balcony with riverside views
  • Chain free
  • Located on the 11th floor with lift access
  • 24 hour concierge
  • Resident only spa, gym, swimming pool
  • Flexible work spaces and cinema room
  • Large, resident roof terraces
  • 0.2 Miles from Greenwich Station
  • 0.2 Miles from the Emirates cable cars (North Greenwich Pier)

Description

Petty Son & Prestwich are thrilled to offer this double bedroom, 11th floor apartment situated in the exciting Greenwich Peninsular.

Cutter Lane, positioned withing the 150-acre Greenwich Peninsula, is part of a multi-billion pound investment aiming to create seven brand new neighbourhoods within Zone 2. Riverside bars and bistros will sit alongside leafy parks, cutting edge architectural living spaces with easy access to events and shops within the 02 arena. The property is sited 0.2 Miles from Greenwich Station in addition to North Greenwich Pier where you can ride the Emirates Cable Cars to the Royal Docks. This one double bedroom apartment is located on the 11th floor of 5 Upper Riverside and spans approximately 64 square meters. The block is immaculately maintained, boasts 24 hour concierge and designated work from home area, allowing owners to step outside their property and work in an alternative environment without commuting into to the office. The cutting edge video entry system allows the owner to easily maintain a level of security, additionally providing callers with the facility to leave a message for the occupant when they are out or providing updates on the weather or TFL updates etc. Residents also have exclusive use of beautiful roof terraces with BBQ features, cinema, swimming pool, gym and spa. The entirety of the flat is underfloor heated saving precious space, whilst the functional layout ensures the areas flow well and further maximises the feeling of space on offer. The main living area, though one open space, flows seamlessly into three distinct areas thanks to the way the space has been laid out. The lobby area leads through to the contemporary fitted kitchen and dining space and continues towards the living room located towards the end of the room, which opens onto a private balcony with breath-taking, riverside views of an exciting and quickly evolving community. The contemporary bathroom has been designed so that the taps, shower system and toilet cistern are concealed behind walls, making it practical to clean but also making the space look sleek and modern whilst the mirrored bath panel, monochrome tiling and complimentary black accessories give the space an industrial vibe. The double bedroom has bespoke floor to ceiling fitted wardrobes and huge windows overlooking the rest of the development helping the space feel naturally bright and airy. The property is offered for sale chain free.

Lease Information - From and including 17.06.2004 to and including 6.06.2254 (230 years remain)
Service Charge - Approx. £4892.44 (reviewed annually)
Ground Rent - £563.84 per annum
EPC RATING – B85
Council Tax - D
An Anti-Money Laundering fee will be applicable to all purchasers at a cost of £5.00 per person.

Reception Room/Kitchen - 8.48m x 3.05m -

Bedroom - 5.18m x 2.92m -

Listed by

London

Petty Son & Prestwich Ltd

Reference: 157897334

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Floorplan 1

Price history

No sales history found for this property in Land Registry Price Paid data.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
4 FLAT 201 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YY £403,200 04/08/2025 Flat
4 FLAT 907 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0ZS £570,000 25/07/2025 Flat
4 FLAT 1107 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0ZS £512,625 21/03/2025 Flat
10 FLAT 1311 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0XY £530,000 22/11/2023 Flat
18 FLAT 1203 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YD £600,000 21/11/2023 Flat
2 FLAT 2101 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0PB £819,536 09/10/2023 Flat
18 FLAT 1003 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YB £625,000 13/09/2023 Flat
10 FLAT 310 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0XX £505,250 25/07/2023 Flat
Same street 8 FLAT 604 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW £515,000 03/07/2023 Flat
18 FLAT 609 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YB £609,000 22/03/2023 Flat
2 FLAT 706 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0ZT £735,375 10/03/2023 Flat
2 FLAT 1904 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0PB £880,250 25/01/2023 Flat
2 FLAT 1606 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0PB £867,750 20/12/2022 Flat
Same street 8 FLAT 505 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW £565,000 15/12/2022 Flat
2 FLAT 1102 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0PB £464,100 08/12/2022 Flat
2 FLAT 1004 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0ZT £680,000 21/11/2022 Flat
18 FLAT 508 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YB £437,500 18/11/2022 Flat
18 FLAT 1706 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YD £580,000 19/10/2022 Flat
10 FLAT 207 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0XX £830,000 05/10/2022 Flat
2 FLAT 1305 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0PB £1,161,750 28/09/2022 Flat
2 FLAT 2502 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0PB £1,000,000 23/09/2022 Flat
2 FLAT G04 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0ZT £500,000 12/09/2022 Flat
Same street 8 FLAT 1205 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW £546,000 07/07/2022 Flat
Same street 8 FLAT 1108 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW £826,500 19/05/2022 Flat
Same street 8 FLAT 1102 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW £800,000 31/03/2022 Flat
Same street 8 FLAT 1101 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW £900,000 31/03/2022 Flat
Same street 8 FLAT 1203 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW £960,000 22/09/2021 Flat

Street average: £730,357 (7 sales)

Area average: £665,567 (20 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 6.5%
10y growth -0.3%

House Price Index (HM Land Registry — official index, not sold-price averages): Greenwich. Series: Flats and maisonettes. As of April 2026.

1y (index) -3.6%
5y (index) -0.7%
10y (index) 10.1%

Rental Range

Estimated market rent for Greenwich. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,770/mo
Realistic £1,967/mo
Optimistic £2,164/mo

Based on Local Authority from postcode lookup → Greenwich.

LHA (30th percentile) floor for Outer North East London: £997/mo (Apr 2025 – Mar 2026)

Location

Address

10 Cutter Lane

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
University Escape Studios 0.1 miles
Shop Sainsbury's 0.1 miles
Shop Tesco Express 0.1 miles
Train station North Greenwich 0.1 miles
Bus stop North Greenwich Station 0.2 miles
Train station West Silvertown 0.7 miles
University University of Greenwich 1.4 miles
Hospital A&E Department 1.9 miles
Hospital Rainbow Ward 1.9 miles

Street-level crime

Category Count
Violence and sexual offences 235
Anti-social behaviour 177
Other theft 92
Shoplifting 79
Vehicle crime 77
Theft from the person 54
Burglary 47
Public order 36
Drugs 28
Robbery 25
Bicycle theft 9
Other crime 9
Possession of weapons 4
Criminal damage and arson 1
Total incidents 873

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Ravensbourne Other 0.1 miles (No rating)
Faraday School Other 0.5 miles (No rating)
Millennium Primary School Primary 0.6 miles Outstanding — 4 Jun 2015
Mulberry Wood Wharf Primary School Primary 0.7 miles (No rating)
Britannia Village Primary School Primary 0.8 miles Good — 8 Jul 2024

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title Rent Beds Distance As seen on
1 Bed Flat, Cutter Lane, SE10 £2,600/mo 1 0.01 miles OpenRent
1 Bed Flat, Cutter Lane, SE10 £2,600/mo 1 0.06 miles OpenRent
1 Bed Flat, Tidemill Square, SE10 £2,250/mo 1 0.29 miles OpenRent
1 Bed Flat, Serapis House, E14 £2,300/mo 1 0.53 miles OpenRent
1 Bed Flat, Douglass Tower, E14 £2,000/mo 1 0.56 miles OpenRent

Average rent: £2,350/mo (5 listings)

Rent-driven metrics

Based on OpenRent comparables.

This street 4.5% gross yield avg £730,357 sale, £2,717/mo rent
Rent ratio 0.46%
Max investor price (0.8%) £287,500
Target investor price (1%) £230,000
Gross yield 5.6%
Cost-to-rent ratio 17.9×
Monthly cashflow £96/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 0.8%
  • This street — Gross yield for this street only (Land Registry sales + rental comparables, same postcode + street).
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
  • ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).