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King & Queen Street, London

London

£280,000

Listed on 05/09/2026

The listing

Property details

Bedrooms
1
Type
Apartment
Area
427 sqft

Description

Located in the secure and well-maintained Gray House, this fourth-floor flat presents a unique opportunity for those looking to personalize their living space. With bright and spacious accommodation, it is ideally suited for first-time buyers, professionals, or investors. While the property has been well cared for over the years, it would benefit from some updating and modernisation, allowing the new owner to add their personal touch and potentially increase its value. Internally, the flat features a generous reception room, a well-proportioned bedroom, a separate kitchen with ample storage, a bathroom, and an additional WC. Built-in storage throughout adds to the practicality of the space. The building has seen improvements in communal areas, lighting, and security systems, enhancing the overall living experience. Perfectly positioned for commuters, the property is just a short distance from Elephant & Castle Station, offering excellent access to the Bakerloo and Northern lines as well as Thameslink services. Additionally, it is close to a variety of local amenities including East Street Market, Walworth Road, and Old Kent Road, providing a great selection of shops, cafés, and restaurants. With its generous proportions, excellent natural light, and strong transport connections, this apartment in Gray House is an exciting opportunity for buyers seeking a property they can truly make their own in a vibrant part of South London.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

62out of 100
Grade CPotential opportunity

Confidence: MEDIUM

At £280,000, this one-bedroom flat is priced at £656 per sq ft, around 16.5% below the local average—a clear acquisition advantage. The bright, spacious reception room, useful built-in storage and strong transport links near Elephant & Castle give it a solid base, while the dated but usable interior offers scope for a light cosmetic refresh rather than a major overhaul.

The kitchen and bathroom are functional but ready for updating, and the plain décor and minor wear leave room to make the flat your own. The £6,000–£12,000 renovation range points to a manageable project; the asking price plus the £9,000 midpoint is £289,000, compared with an implied local-average value of about £335,238. That is a comparison with the local average, not a renovated GDV, and excludes stamp duty and fees.

Key opportunities

  • Refresh the dated kitchen finishes while retaining the existing fitted units and appliances.
  • Update the tiled bathroom and separate WC to bring the serviceable fittings into a more contemporary style.
  • Use the natural light, spacious reception room and plain décor as a straightforward canvas for redecoration and a cohesive interior scheme.

Key risks

None recorded.

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Map

Location

King & Queen Street, London
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,058
Based on a loan of £210,000 over 30 years at 4.45% 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Pricing

Price history

-6.7% since listed
£280,000£20,000(-6.7%)
14/10/2026
Current price
£300,000Initial listing
06/09/2026

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