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Wolfington Road, SE27

London

£219,950
Listed on 15/11/2024

Property Details

Bedrooms
1
Type
Flat
Area
420 sqft

Description

This second-floor one-bedroom apartment located on Wolfington Road in West Norwood presents an excellent opportunity for those looking to invest in a renovation project. Spanning approximately 420 square feet, the property is ready for modernization, allowing prospective buyers to tailor finishes and design to their preferences. The layout includes an entrance hallway with built-in storage, a reception room featuring two skylights that invite natural light, a separate kitchen equipped with an integrated oven and hob, a double bedroom with fitted wardrobe space, and a bathroom complete with a bath and overhead shower. The apartment is sold as seen with all appliances untested, which gives buyers full freedom to transform the space to suit contemporary living standards. Situated just 0.2 miles from West Norwood station, it offers convenient transport links to key locations including London Bridge and Victoria while being close to local amenities along Norwood Road such as shops, dining options, cinema, library, and gym facilities. This property is particularly suited for investors or owner-occupiers eager to increase value through strategic refurbishment.

Investment Analysis

(SE27 area)

Below Market Value

This property is priced -15.8% below area average per sq ft

-15.8%
Potential saving
This Property
£524/sq ft
Area Average
£622/sq ft
Avg Rent (weekly)
£403
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£287,364
10% above area average per sq ft
Potential ROI
+12.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SE27)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +4.6%
5 year growth: +4.1%
Investment Disclaimer: Analysis based on SE27 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

Wolfington Road, SE27
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£793
Based on a loan of £164,962 over 30 years at 4.06% 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.

Price History

-22.8% since listed
£219,950£10,000(-4.3%)
06/11/2025
Current price
£229,950£10,000(-4.2%)
07/10/2025
£239,950£10,050(-4.0%)
24/08/2025
£250,000£15,000(-5.7%)
01/07/2025
£265,000£10,000(-3.6%)
27/02/2025
£275,000£10,000(-3.5%)
22/01/2025
£285,000Initial listing
15/11/2024

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