According to a statement from the Metropolitan police, officers were called at 12.10 p.m. to find the women, aged 64 and 30, suffering from injuries "consistent with a violent assault." Both women were taken to London hospitals where they are reportedly fighting for their lives.
UK Police arrested Joe Xuereb, 27, several hours later in Old Farm Avenue, Sidcup, some two miles from the crime scene.
Metropolitan police spokesman told reporters that a hammer was recovered from the scene which was "believed to have been used in the assault."
Local authorities have launched an investigation into the attack and and have cordoned off the alleged attacker's home in Adderley Gardens, Eltham.
WATCH: First CCTV Footage Shows White Van Ramming Into Pedestrians in Barcelona