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Whinchat Road, London, SE28

London

£145,000
Listed on 06/04/2025

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 -42.6% below area average per sq ft

-42.6%
Potential saving
This Property
£271/sq ft
Area Average
£473/sq ft
Avg Rent (weekly)
£410
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£278,066
10% above area average per sq ft
Potential ROI
+63.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE28)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 14.9%
5 year growth: 19.5%
Investment Disclaimer: Analysis based on SE28 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

Whinchat Road, London, SE28
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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
£531
Based on a loan of £108,750 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