Worst House on the Street Logo
Whinchat Road, London, SE28 - Image 1
Whinchat Road, London, SE28 - Image 2
Whinchat Road, London, SE28 - Image 3
Whinchat Road, London, SE28 - Image 4
Whinchat Road, London, SE28 - Image 5
Whinchat Road, London, SE28 - Image 6
Whinchat Road, London, SE28 - Image 7
Whinchat Road, London, SE28 - Image 8
Whinchat Road, London, SE28 - Image 9
Whinchat Road, London, SE28 - Image 10
Whinchat Road, London, SE28 - Image 11

Whinchat Road, London, SE28

London

£145,000
Listed on 05/04/2025

Property Details

Bedrooms
1
Type
Flat
Area
535 sqft

Description

This one-bedroom top-floor flat in West Thamesmead presents a compelling opportunity for those looking to invest or make their mark in the property market. While the flat is in need of renovation, it offers a solid foundation for customization and modernization that can significantly enhance its value. Upon entering, you'll discover a spacious reception room that allows for various layout possibilities, making it an ideal space for both relaxation and entertaining guests. The adjacent kitchen and bathroom are also ripe for improvement, providing the new owner with the chance to craft these areas according to personal preferences and contemporary standards. The bedroom features ample space for comfort and tranquility, while the inclusion of a balcony provides an inviting spot to enjoy morning coffee or unwind with scenic views of the surrounding area. Additional benefits include gas central heating and double glazing, which contribute to energy efficiency. Located in a well-connected part of West Thamesmead, this property is near public transport links, educational facilities, and local amenities, enhancing its appeal as both a first home or investment opportunity. With an energy performance certificate (EPC) rating of D and an affordable council tax band A, this flat stands out as an attractive option for buyers. Furthermore, with 89 years remaining on the lease and reasonable service charges, this property not only holds immediate potential but also promises long-term value growth in a desirable area. Embrace the chance to transform this flat into your dream home or capitalize on its investment potential—contact us today for further details or to arrange a viewing.

Investment Analysis

(SE28 area)

Below Market Value

This property is priced -40.8% below area average per sq ft

-40.8%
Potential saving
This Property
£271/sq ft
Area Average
£458/sq ft
Avg Rent (weekly)
£420
Avg Yield
6.2%

Renovation Potential

Est. Renovation Cost
£14,500 - £36,250
10-25% of property value
Target Value
£269,298
10% above area average per sq ft
Potential ROI
+48.6%
After renovation
Monthly Sales
13
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (SE28)

Area prices are falling by +3.7% over the last 12 months
3 year growth: 14.7%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on SE28 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Whinchat Road, London, SE28
Map showing location of Whinchat Road, London, SE28
Open Map