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Church Vale, London, SE23

London

£175,000
Listed on 31/10/2025

Property Details

Bedrooms
1
Type
Flat
Area
556 sqft

Description

This one-bedroom flat on the first floor presents a practical opportunity for renovation and investment. Spanning 556 square feet, the property is offered chain-free and requires some updating, providing a blank canvas for those looking to personalize their living space or enhance its value for rental. The layout includes a generous living area that allows for various configurations, a kitchen that can be modernized to suit contemporary tastes, a comfortable double bedroom, and a functional bathroom. These features offer flexibility in design and potential for improvement. Situated on Church Vale, this flat benefits from its central location in Forest Hill. Within walking distance are numerous local shops, cafes, and restaurants, including well-regarded establishments like Bona pizzeria and St. David Coffee House. For day-to-day needs, major high street retailers such as Sainsbury's and Boots are conveniently close by. The surrounding area is rich in green spaces, with the popular Horniman Museum and Gardens just a short walk away—an attractive feature for those who appreciate outdoor activities and family-friendly environments. Families will find excellent educational options nearby, with several Ofsted Outstanding schools like Eliot Bank Primary School located within approximately 0.6 miles of the property. For commuters, transport links are exceptional; Forest Hill Station is approximately five minutes on foot and provides direct Overground services to key destinations such as Canada Water in around 15 minutes and Shoreditch High Street in about 20 minutes. This accessibility enhances the investment potential of the property by appealing to both renters and future buyers seeking proximity to Central London. With 73 years remaining on the lease, this flat stands out as an opportunity for cash buyers interested in implementing their vision through renovations while benefiting from an advantageous location that supports both lifestyle and investment growth.

Investment Analysis

(SE23 area)

Below Market Value

This property is priced -49.2% below area average per sq ft

-49.2%
Potential saving
This Property
£315/sq ft
Area Average
£619/sq ft
Avg Rent (weekly)
£453
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£378,764
10% above area average per sq ft
Potential ROI
+99.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE23)

Area prices are rising by +9.6% over the last 12 months
3 year growth: 1.7%
5 year growth: 13.4%
Investment Disclaimer: Analysis based on SE23 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

Church Vale, London, SE23
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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
£641
Based on a loan of £131,250 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