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St. Stephens Grove, London

London

£260,000
Listed on 22/03/2026

Property Details

Bedrooms
1
Type
Flat

Description

This long leasehold flat, situated on the first floor, presents a significant opportunity for renovation and investment. The property comprises an entrance hall, one bedroom, a kitchen, and a bathroom/WC, all of which require updating to meet modern expectations. With full vacant possession, new owners can easily redesign the space to maximize its potential. Located conveniently in Lewisham, the flat has good access to public transport including rail and DLR stations, as well as local amenities such as shops and restaurants in the nearby town centre. Additionally, residents can enjoy recreational opportunities in Manor Park just south of the property. This is an ideal chance for savvy investors or first-time buyers looking to create their own living space or enhance rental potential with some thoughtful updates. A new lease term of 990 years at minimal ground rent further adds to the appeal of this property for future value enhancement.

Investment Analysis

(SE13 area)
Area Average
£592/sq ft
Avg Rent (weekly)
£421
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (SE13)

Area prices are stable by +1.3% over the last 12 months
3 year growth: +0.9%
5 year growth: +1.2%
Investment Disclaimer: Analysis based on SE13 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

St. Stephens Grove, London
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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
£938
Based on a loan of £195,000 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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