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London
£137,000Guide Price
Listed on 22/09/2026
Listed on 22/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This long leasehold one-bedroom flat presents a significant renovation project for the right buyer. Priced at £137,000, it's notably cheaper than the local average, which can make it an appealing entry point for those looking to invest in a property that requires extensive work. The living area, bedroom, and garden show clear signs of neglect, with damaged flooring and overgrown outdoor space, all of which offer a blank canvas for transformation. The dated kitchen and bathroom fixtures further highlight the potential for modernisation and a fresh layout, allowing for creative improvements that can significantly enhance the property's value.
However, it's important to note that the project scope is heavy, as the interiors are stripped and will require a budget of £80,000 to £120,000 to bring them up to standard. This is not a cosmetic refresh; it’s a full-gut programme that will demand considerable investment and time. Additionally, with services currently disconnected, buyers should be prepared for the responsibility of re-connection post-purchase. Overall, while this flat needs a lot of work, it also presents a unique opportunity for someone willing to take on the challenge and create a highly desirable living space.
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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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