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London
£220,000
Listed on 16/09/2026
Listed on 16/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This one-bedroom flat on Granby Road presents an excellent opportunity for first-time buyers or investors looking to create a home tailored to their taste. The asking price of £220,000 is notably cheap at £455 per square foot compared to the local average of £493 per square foot, making this a compelling entry point into a desirable market. The private garden adds a valuable outdoor element that can be transformed into a lovely retreat, perfect for relaxation or entertaining.
However, the flat requires significant updating throughout, including the dated kitchen and living area, which shows signs of wear. The refurbishment cost is estimated between £40,000 and £80,000, which, when combined with the purchase price, leads to all-in costs that are stretched compared to local benchmarks for this area. While the investment potential is evident, new owners should be mindful of the economics and the scope of work required to bring this property up to a modern standard.
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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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