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Westhorne Avenue, London - Image 1
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Westhorne Avenue, London

London

£550,000
Listed on 10/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1768 sqft

Description

This four-bedroom detached house presents an excellent opportunity for investors or home renovators seeking a project in Eltham. The property is currently vacant and requires modernisation, allowing for a blank canvas to create your ideal living space. Sitting on a substantial plot, it features expansive front and rear gardens, alongside an integral garage and additional off-street parking. The location is advantageous, being close to the town centre and providing convenient access to both Lee and Kidbrooke Rail Stations. Families will appreciate the proximity to several reputable schools, as well as the vibrant amenities, bars, and cafés found in nearby Lee and Blackheath Village. This property is being sold via online auction with a six-week completion timeline, making it a timely investment opportunity for those looking to renovate and capitalize on the area's potential.

Investment Analysis

(SE12 area)

Below Market Value

This property is priced -40.6% below area average per sq ft

-40.6%
Potential saving
This Property
£311/sq ft
Area Average
£524/sq ft
Avg Rent (weekly)
£465
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,018,297
10% above area average per sq ft
Potential ROI
+59.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE12)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 0.6%
5 year growth: 12.7%
Investment Disclaimer: Analysis based on SE12 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

Westhorne Avenue, 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
£2,015
Based on a loan of £412,500 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.

Next Steps

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