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62B Griffin Road, London, SE18 7QF - Image 1
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62B Griffin Road, London, SE18 7QF

London

£160,000
Listed on 07/03/2026

Property Details

Bedrooms
2
Type
Flat
Area
463 sqft

Description

This first-floor one-bedroom flat presents a significant opportunity for investors and renovation enthusiasts. Conveniently situated near Plumstead Rail Station, the property is primed for a comprehensive refurbishment to unlock its full potential. The layout includes an entrance hall, a reception room, a bedroom, a kitchen, and a shower room/WC, providing a flexible canvas for modern living. Given its current condition, this flat is ideal for those looking to create a personalized space or capitalize on rental income in a growing area. Viewing times and additional information are available on the auction website.

Investment Analysis

(SE18 area)

Below Market Value

This property is priced -33.4% below area average per sq ft

-33.4%
Potential saving
This Property
£346/sq ft
Area Average
£519/sq ft
Avg Rent (weekly)
£458
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£264,225
10% above area average per sq ft
Potential ROI
+32.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE18)

Area prices are stable by -0.6% over the last 12 months
3 year growth: -3.4%
5 year growth: +10.2%
Investment Disclaimer: Analysis based on SE18 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

62B Griffin Road, London, SE18 7QF
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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
£577
Based on a loan of £120,000 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.

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