The Master Shipwrights House, Watergate Street, London, SE8 3JF

UPRN:100023280441Detached HouseBeds -Built before 1900

FreeholdCouncil Tax: Band HEPC: E (44)

Data freshness:Listing· freshPrice Paid· freshPlanning· 4mo agoEPC· freshRisk· 5mo agoConnectivity· 1mo agoAmenities· 1mo agoArea· Census 2021Council Tax· 6mo ago

The Master Shipwrights House, Watergate Street, London, SE8 3JF

HP Score

/ 100

Strong

Verdict

3 days ago

Verdict: INVESTIGATE, on a scale of Buy, Investigate, Avoid.
Strong fundamentals; flood risk not assessed

Evidence

18 of 21 sources

Sale Estimate

£9,911,000

£7.93M - £11.89MLow

Estimate

£9.91M

Range

£7.93M – £11.89M

Rent Estimate (pcm)

£58,350

£55k - £62k

Monthly

£58,350

Yield

15.56%

Verdict

Derived from HomePortfolio scores

The Master Shipwrights House earns an INVESTIGATE rating with HP Score 76/100. Investment score 62/100 reflects moderate fundamentals. Crime intensity is low. Walkability is good (81/100). Flood risk is not assessed: check the Environment Agency long-term flood map before offering. Tenure is freehold. Every figure here comes from the live HomePortfolio API; anything it does not publish is left out.

Key SourcesEPC RegisterPortal listingsOfcom Connected NationsOfcom mobile coverageMarket estimates (third-party AVM)HM Land Registry sales matched to addressDefra strategic noise mapping, England Round 4 (Contains Defra data © Crown copyright and database right 2023-2024, Open Government Licence v3.0)Walk ScoreONS Census 2021Police.ukHM Land Registry covenantsHM Land Registry Price PaidPlanIt / council planning portalsOverture Maps PlacesOfsted / DfE GIAS

HP Score

76/ 100

Strong

Investment Score

62/ 100

Moderate

Crime Score

19/ 100

Moderate

Walkability

81/ 100

High

Transit & Bike

Transit 29Bike 77

Walk Score, out of 100

Opportunity

Not scored as an opportunity

We will not put a number on this one.

asking price missing or outside scoring range
estimate implies a 55% discount - beyond plausibility (gate 50%); suspected unit/basis mismatch, not a realisable edge

Withholding a score is deliberate. A number built on missing or stale inputs would look more certain than the evidence allows.

Economics

What happens to your money

Your assumptions

Purchase price£4,500,000

At the asking price

Monthly rent£58,350/mo

Evidenced range £55,000-£61,700

Interest rate5.4%

Loan to value75%

Cash required: £1,805,050
Net cash flow: £25,209/mo
Cash on cash: 16.8%
Score at this price: -

After a 8% void allowance, 15% management and 10% maintenance. Lender coverage (rent ÷ interest): 3.84 - clears the usual 1.25 test. These are your assumptions, not evidence: only the pre-filled rent and price come from the record.

Risks

What could kill this deal

Score confidence is low
largely a single source - treat the number as a prompt, not a conclusion

Property risk deep-dive →flood, subsidence, crime, environment - the full domain

Plan

Before you offer

1. Commission a full structural survey, not a basic condition report.
The score prices market evidence, not the fabric of the building.

Every step above was generated from a specific gap or flag in the evidence - no generic advice, no invented tasks.

Valuation & Market

Sale Estimate£9,911,000

Rent Estimate (pcm)£58,350

Gross Yield15.56%

1y Growth-

3y Growth-2.0%

5y Growth-1.3%

10y Growth-0.5%

Last Sold Price£200,000 (1998-06-15)

View Market Details

Risk Overview

Flood RiskUnknown
SubsidenceSignificant
RadonLow
MiningLow
LandslideLow
Air QualityLow
NoiseLow

View Full Risk Report

Planning Activity

Recent Apps

0SE8 3JF

Approval Rate

-12mo

Development

low

DC/26/145819
Application for a Lawful Development Certificate (proposed) submitted under Section 192 of the Town & Country Planning Act 1990 (as amended) to confirm whether the replacement of three front porches, replacement downstands and replacement aluminium sheet panels at Princess Louise Building, 12 Hales Street, SE8 4RB would not be considered as development under Section 55 of the Town and Country Planning Act 1990.
Pending
26/3008/SD
Submission of details pursuant to Condition 11 (External Materials) of application 23/1414/F dated 11/07/2024
Pending
26/3005/SD
Submission of details pursuant to the partial discharge of condition 23(b) (Roof Garden Sound Insulation) of planning permission Ref 24/2772/MA dated 16/09/2025.
Pending

View Planning Timeline

Ownership

Corporate Ownership39.5%
Overseas OwnershipNo
Lease Term Remaining-
CovenantsRestrictive
Lease TypeFreehold
Last Ownership Change1998-06-15
SourceLand Registry

View Ownership Details

Connectivity

Broadband (Standard)

13 Mbps

Mobile 4G/5G Coverage

EEThreeO2Vodafone

EV Charger

PTAL Rating

View Connectivity Map

Area Profile

Median EarningsLocal authority£39,505

Population Density-

Owner Occupied11%

Age Distribution

0-15 23%16-64 70%65+ 7%

View Area Profile

Schools Nearby

Clyde Nursery School.
0.3 mi
GoodConcerns
Grinling Gibbons Primary School
0.3 mi
Good
Rachel McMillan Nursery School and Children's Centre
0.3 mi
Area grades2025
Inspected after Ofsted withdrew the single overall grade.
Harbinger Primary School
0.4 mi
Good

0 of 11 nearby schools with published figures were oversubscribed in 2026 - demand, not a catchment.

View All Schools

Comparables

View All

The Master Shipwrights House Watergate Street
-
£200k
-

Boundary data not available for this property

No registered title polygon, building footprint, or street match for this property yet.

Why: No HMLR INSPIRE / OSM footprint / OS Open USRN match for this UPRN

Source: HM Land Registry INSPIRE / OpenStreetMap / OS Open USRN