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Addington Grove, London

London

£250,000
Listed on 10/10/2025

Property Details

Bedrooms
2
Type
Flat
Area
538 sqft

Description

This two-bedroom flat positioned on the first floor offers a practical layout with a spacious living room, kitchen, and two bedrooms, accompanied by a well-appointed bathroom. While the property could benefit from some modern upgrades, it presents an excellent opportunity for renovation that can enhance both comfort and value. Located conveniently near various transport links and local amenities, this flat is situated in a neighborhood that offers easy access to essential services and recreational areas. The surrounding environment is conducive to both daily life and potential long-term growth, making it an attractive option for investors or first-time buyers looking to put their personal touch on their new home. Furthermore, the property comes with a long lease, providing security and peace of mind for prospective owners. For those looking at it as an investment opportunity, the flat can be sold with existing tenants in place under an assured shorthold tenancy that runs until September 2024 with a current rent of £18,000 per annum. This could facilitate immediate income upon acquisition while allowing room for future improvements. Overall, this flat is not just a residence but rather a canvas with considerable potential for enhancement and financial yield in a growing area.

Investment Analysis

(SE26 area)

Below Market Value

This property is priced -19.0% below area average per sq ft

-19.0%
Potential saving
This Property
£465/sq ft
Area Average
£574/sq ft
Avg Rent (weekly)
£383
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£339,516
10% above area average per sq ft
Potential ROI
+17.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE26)

Area prices are stable by +0.5% over the last 12 months
3 year growth: 5.4%
5 year growth: 2.9%
Investment Disclaimer: Analysis based on SE26 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Addington Grove, London
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE