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Granby Road, London, SE9 - Image 1
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Granby Road, London, SE9

London

£220,000

Listed on 16/09/2026

The listing

Property details

Bedrooms
1
Type
Flat
Area
484 sqft

Description

This one-bedroom flat on Granby Road presents an exciting opportunity for first-time buyers and those seeking to create their own home. Offered with a new lease, the property includes a private garden, making it a rare find in this area. While the interior requires updating throughout, it serves as an ideal renovation project for buyers eager to personalize their living space rather than pay a premium for pre-existing finishes. The accommodation offers a solid foundation to craft a comfortable and contemporary home, with ample scope for modernization. The private garden is a standout feature, providing valuable outdoor space for relaxation or entertaining, and it can be further landscaped to suit the new owner's preferences. Located within the sought-after Progress Estate, the flat benefits from an established residential setting in SE9, conveniently close to local amenities, green spaces, and transport links, along with a wider selection of shops and cafés available in Eltham. With its potential for improvement and a new lease, this property is an appealing option for anyone looking to transform it into their ideal home.

WHOTS analysis

Our WHOTS verdict

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

47out of 100
Grade ELow opportunity

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.

Key opportunities

  • Private garden that can be landscaped and personalised.
  • Scope to modernise the dated kitchen and living areas.
  • Potential to enhance overall value through renovation.

Key risks

  • All-in costs may exceed local benchmarks, impacting investment returns.

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Map

Location

Granby Road, London, SE9
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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
£831
Based on a loan of £165,000 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

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