# 1 bedroom apartment for sale (SE10 0YW) ## Property Details | Key | Value | |-----|-------| | Address | Cutter Lane, Greenwich, SE10 0YW | | Price | £495,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Council tax | D | | Last sold | £550,000 | ## 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 - ## Property Photos - ![Photo](/listings/photos/157897334/1587182) - ![Photo](/listings/photos/157897334/1587185) - ![Photo](/listings/photos/157897334/1587187) - ![Photo](/listings/photos/157897334/1587190) - ![Photo](/listings/photos/157897334/1587192) - ![Photo](/listings/photos/157897334/1587194) - ![Photo](/listings/photos/157897334/1587195) - ![Photo](/listings/photos/157897334/1587196) - ![Photo](/listings/photos/157897334/1587197) - ![Photo](/listings/photos/157897334/1587198) - ![Photo](/listings/photos/157897334/1587200) - ![Photo](/listings/photos/157897334/1587202) - ![Photo](/listings/photos/157897334/1587204) - ![Photo](/listings/photos/157897334/1587206) - ![Photo](/listings/photos/157897334/1587213) ## Floorplans - ![Floorplan 1](/listings/photos/157897334/1587221) - Floorplan 1 ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | 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 1101 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW | £900,000 | 31/03/2022 | Flat | | [Same street] 8 FLAT 1102 CUTTER LANE, LONDON, GREENWICH, GREATER LONDON, SE10 0YW | £800,000 | 31/03/2022 | Flat | | [Same street] 8 FLAT 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) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £469,844 (90 Flat, SE10, 2024–2026) - **Deviation:** +5.4% ## Rental Range *ONS Price Index of Private Rents (Greenwich). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,770/mo - **Realistic:** £1,967/mo - **Optimistic:** £2,164/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Outer North East London (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £997/mo ## 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)** ## 1% Rule - **Rent ratio:** 0.46% (weak for cashflow) - **Max investor price (0.8%):** £287,500 - **Target investor price (1%):** £230,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £2,300/mo).* - **Gross yield:** 5.6% - **Cost-to-rent:** 17.9× - **Monthly cashflow:** £96/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 0.8% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − 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).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -2.9% - **10y growth:** 0.1% ## House Price Index (HM Land Registry) *Official index for Greenwich; Flats and maisonettes series; as of April 2026.* - **1y growth (index):** -3.6% - **5y growth (index):** -0.7% - **10y growth (index):** 10.1% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)