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London
£425,000
Listed on 29/08/2026
Listed on 29/08/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This three-bedroom split-level flat in Peckham presents a solid opportunity for renovation enthusiasts looking to make their mark. While the asking price of £425,000 is below the local average of £523,389, this indicates a potential bargain for the right investor. The property is in need of extensive refurbishment, with significant wear and tear observed throughout, particularly in the living areas and bedrooms. The kitchen and bathroom are basic and dated, providing a blank canvas for someone to create a modern living space.
The location is a standout feature, with convenient access to local amenities and transport links, making it an attractive prospect for future tenants or buyers. However, the project is substantial, requiring a renovation budget of £100,000 to £200,000, which suggests a full-gut approach rather than a simple refresh. Despite the challenges, this listing offers a unique chance to transform a tired property into a desirable home, capitalizing on its prime location and spacious layout.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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