
London
£280,000
Listed on 05/09/2026
Listed on 05/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
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.
None recorded.
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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.
Pricing
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